Wanna' buy some out of this world gold from the GSA?

Discussion in 'US Coins Forum' started by Skyman, Jan 14, 2015.

  1. Skyman

    Skyman Well-Known Member

    Have you got a couple hundred extra K floating around? You can bid on these 6 gold plates, totaling ~ 6,600 grams of 24kt gold (roughly 212 troy oz.), that have each flown for 69 months in space. The GSA auction they are in closes on January 22.

    Just as an FYI, while there might be a bit of a premium due to the fact that they flew in space, realistically the main value of these items is in their gold.


    http://www.collectspace.com/news/news-011415b-space-gold-nasa-auction.html
     
    benveniste and tommyc03 like this.
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  3. Yankee42

    Yankee42 Well-Known Member

    I do think you're right, but all gold was in space at one time.
     
    beef1020, Cringely and tommyc03 like this.
  4. Cringely

    Cringely Active Member

    and originally in the core of a star about to go supernova.
     
  5. Jwt708

    Jwt708 Well-Known Member

    ^ Nerds!

    :D;)
     
    Argenteus Fossil likes this.
  6. Yankee42

    Yankee42 Well-Known Member

    Guilty!
     
  7. OldGoldGuy

    OldGoldGuy Members Only Jacket

    Wouldn't we, and everything, technically be "in space" even right now? Doesn't all matter and energy occupy space? Why does the proximity to a large rock exclude one from space?
     
    afantiques likes this.
  8. Cringely

    Cringely Active Member

    well, most people think of space as the empty parts between condensed matter (planets, moons, comets and other solid objects bigger than a Morgan Silver dollar) or stars
     
  9. -jeffB

    -jeffB Greshams LEO Supporter

    I'm trying to figure out whether I have a way to shake loose enough money to buy $200K+ of gold significantly below spot. But I'm guessing that discount will disappear by the time bidding finishes, especially now that it's got some publicity.

    I wonder how many lots containing PMs don't get bid up anywhere near spot, just because they don't get enough recognition?
     
  10. Conder101

    Conder101 Numismatist

    I believe it is created during the supernova collapse and explosion, element formation through the normal fusion process of the star ends at Iron
     
  11. OldGoldGuy

    OldGoldGuy Members Only Jacket

    Truth.
     
  12. Skyman

    Skyman Well-Known Member

    The gold plates sold today (Jan. 22) for $265,607. There were 20 bids placed.
    The plates' scrap gold value as of the same day was $251,365.64, thus they sold for a premium of $14,241.36.

    (Quoted from collectSPACE).
     
  13. Conder101

    Conder101 Numismatist

    I wonder if they would have sold for more if they were sold individually.
     
  14. -jeffB

    -jeffB Greshams LEO Supporter

    Sure. In fact, a company like Littleton probably could've cut them up into little chunks and sold them at a huge premium. But the GSA probably can't afford to spend too much time optimizing the presentation and marketing of all the big-ticket items it needs to move.

    Heck, the buyer might well be planning to resell them individually.
     
  15. Conder101

    Conder101 Numismatist

    I was thinking just selling the plates individually. There were what something like 24 of them?
     
  16. -jeffB

    -jeffB Greshams LEO Supporter

    Six of them. Even one would still be a pretty big chunk of change, at least by my standards.
     
  17. messydesk

    messydesk Well-Known Member

    It'll be interesting and not unprecedented if we see them being coined into some sort of medal.
     
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