Why do people gold plate things?That gets on my mind

Discussion in 'Coin Chat' started by 50cent, Sep 17, 2010.

  1. 50cent

    50cent What A steal

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  3. coinmaster1

    coinmaster1 Active Member

    First of all, we need a better pic. I can't tell what coin that is and it may be the normal color. How do you know it is gold plated???
     
  4. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Quite frankly, anything plated (silver, gold or otherwise) really turns me off.....
     
  5. Hobo

    Hobo Squirrel Hater

    What are we looking at?
     
  6. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Alien nation......
     
  7. weryon

    weryon World traveler - In Thailand

  8. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Hey Weryon, lovin' the pics (movies) you be loadin' tonite...:)
     
  9. weryon

    weryon World traveler - In Thailand

    I'm on a roll

    [​IMG][​IMG]
     
  10. playin4funami

    playin4funami Junior Member

    I firmly believe they plate things just to P me off,lol. some people have no taste is closer to the truth. however I can't tell what is in your hand in the pic
     
  11. abe

    abe LaminatedLincolnCollector

    Earlier this week a friend showed me a gold plated collection of all the state quarters. They were in a real nice case and were attractive and expensive. All I said was thats nice, but what I really wanted to say is, "why". Its nothing but a scam for people who don't know any better and who think they're getting something special. How much gold is actually on 100 quarters? 3 bucks maybe?
     
  12. Agreed! TC
     
  13. De Orc

    De Orc Well-Known Member

    New Dutch 5 euro coins actualy come from the bank silver plated :eek: but a lot of other stuff is plated to attract those who realy know nothing about coins so will pay for rubbish :D
     
  14. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Especially state quarters :(
     
  15. 1970 Silver Art

    1970 Silver Art Silver Art Bar Collector

    I think the main reason that people put gold plate on silver coins or anything else is to have an excuse to charge a higher price on a particular silver coin or any other particular coin. This is just a guess on my part.
     
  16. 10gary22

    10gary22 Junior Member

    In 1883 the V nickle had 2 varieties "without cents" & with the "CENTS". The "without cents" variety was gold plated and passed as a $5 gold piece.

    When I started collecting in the 1950's these fakes were popular and sought by collectors. So of course someone started gold plating all years of V nickles and tried to sell them as the faked variety.

    I bought one, knowing what it was because I though a gold plated V nickle was cool ! lol

    I kept it, because it didn't have a lot of value, but knowing the story it has been a conversation piece.

    Other than that, I have no idea why anyone would want to gold plate their coins or bronze their gold medals ?

    gary
     
  17. 50cent

    50cent What A steal

    The person I bought it from told me,I have more of this same type of coin that's not gold colored
     
  18. Conder101

    Conder101 Numismatist

    Turns out more than you might think. And of course it also depends on the thickness of the plating. But with rough figures and the following assumptions, plating 1/10,000 of an inch thick, and gold at $1,275 an oz, a gold plated quarter has .05 grams of gold on it and the gold is worth $2.05 So 100 plated quarters contains $205 worth of gold.


    I'm starting to wonder whether or not it might be getting worth it to start buying up these "worthless" gold plated quarters and doing some reverse electroplating?
     
  19. 50cent

    50cent What A steal

    I saw that video on you tube
     
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