Which would you prefer to inherit?

I'll take one $20K coin.

 

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Whoa!! hahaha

 

Why? Who cares if he likes to shave his girlfriend?

Chris

 

https://en.wikipedia.org/wiki/Double_eagle

More probable than a $20 note being made of paper!,?

 

Double eagles aren't worth 20. Face value and worth and entirely different things

 

I already have plenty of $20 coins, so I would take the one $20,000 coin.

 

A 1000 coins would be too much to deal with. I would take the 20K coin and trade it for 10 or 20 coins.

 

not very nice, he was obviously [to anyone with a sense of humor] kidding

 

@sakata stated: "Highly unlikely a coin worth $20 would be made of gold"

As my posted link explains, the coin was produced at a time when we had a stable real/intrinsic/commodity value currency. The coin is still worth $20 Gold when/if the Gold price again reverts to $20.67/oz., instead of the seemingly variable/approaching-infinity value of Fiat paper.

We can't practically state that a "Double Eagle" is/isn't worth $20 in a variable commodity value market. The 1933 coin was sold for many millions Fiat Dollars, but may not be worth a canteen of water, or all "Fiat" to an individual dying of dehydration in a desert.

JMHO

 

We absolutely can state the gold value of those doesn't even sniff 20 dollar anymore and hasn't for many decades. I believe his statement was saying you aren't going to find any gold coins today for 20 dollars. If it costs you more than the 20 dollar face value to buy, it's worth more than 20 dollars

I'm more than willing to take my chances that someone with a double eagle dying of dehydration in the dessert trading it for water is not reflective of the market rate

 

If I were a U.S. coin collector, I'd take a $20,000 coin because there are so few types of coins (U.S. coinage is young and there is little variety) that 1000 coins would be boringly repetitive. There's only so many samples of Kennedy halves, buffalo nickles, Washington quarters, and Lincoln cents that I could stomach.

As an ancient collector, I would definitely take the 1,000 coins worth $20 because each coin has the potential to be vastly different from each other (different rulers, reverses, denomination types, different empires, etc). There are literally thousands of different varieties of coins you can get for $20 each if you collect ancients. That's the difference between having 1,000 years and tons of political entities mining coins , vs. 1 country and 200+ years of minting coins with a history of sticking to the same exact types for decades without changing the designs.

 

I would take the $20K coin for a number of reasons. First, I have enough low value coins already so where to store them would be an issue. Second, checking 1000 coins would be time consuming and at my age time means a lot. Lastly, given that those in the top income bracket gravitate towards high end coins, price appreciation would more than likely surpass that of the 1000 lower value coins.

 

As someone who has recently inherited many coins, my answer is that I hope none of the coins have any value(other than sentimental). It is soooo annoying & stressful to have family members consistently ask if I've found anything valuable.
Too many people put ridiculous value on money and not family/friends.

 

More coins to go through and discover is always better. Besides, someone always misses the variety - so chances are there's a few higher value coins.

Plus if I ever start a Infomercial TV show, I can slab them as PCSG MS-75.3 (Pretty Coins Sarcastically Graded!) and sell for $500ea

 

I'd take the $20,000 coin and sell it. Then I'd get Daniel Carr to make me a 12 ounce Gold Owl.

 

Such imagination!

 

I'll try not to confuse you with logic, as I've previously tried that without success. I'll paraphrase, hoping you'll perceive the logic.

@sakata stated: "Highly unlikely a coin worth $20 would be made of gold".

PARAPHRASED: "Highly unlikely a 2017 Eagle coin worth $1 would be made of Silver" He meant literally what he stated, that he couldn't understand how a coin originally having a stated value/worth could be made of Gold, seemingly not understanding that the coin was produced 168 years ago.

I'll now paraphrase your statement to see if it makes sense: "We absolutely can state the gold value of those doesn't even sniff 20 dollar anymore and hasn't for many decades. I believe his statement was saying you aren't going to find any gold coins today for 20 dollars. If it costs you more than the 20 dollar face value to buy, it's worth more than 20 dollars"

PARAPHRASED: "We absolutely can state the Copper, Silver, Gold Nickel value of U.S. coins doesn't even sniff their "face value" anymore and hasn't for decades. I believe his statement was saying you aren't going to find any PM coins today for their Face Value. If it costs more than the face value to produce/acquire, it's worth more." My practical statement is that the coins will be worth their face value when the variable PM material of construction varies e.g. when the copper in the cent, nickel in the 5 cent, etc. drops somewhat.

Virtually all PM "coins" produced by the U.S. mint are not produced of appropriate materials relative to their "Face Value", and none question the construction material or value (e.g. $1, $5, $10, $25, $50 Precious Metals amount relative to FV). Why question that of a different era that changed in value because of a currency standards change. The day may soon arrive when the worth and FV may be correct. I don't know!

JMHO

 

Highly doubtful that was what he was saying. If you want to think that by all means go right ahead. Double eagles aren't worth 20 dollars, period.

I mentioned gold nothing else so no that isn't a paraphrase of what I said. Gold won't drop to 20 again not in anyone's lifetime that's alive if ever. Your statement they will be worth face value if the metals drop low enough is completely irrelevant. I could buy a plane if I won power-ball, doesn't mean it is going to happen or that I could right now.

You've gone from some example of someone dying in the dessert who just happens to have a double eagle in his pocket to buy water from a random dessert water seller to saying if metals drop low enough.

If you want to sell Double Eagles at face value for the sake of your argument I will buy every last one you have in unlimited quantities. I have no idea why you are trying to argue that they could be worth face one day.

 

I'll give you double face value!

 

given the parameters, I guess I would rather have 1000 $20 coins. The probability of each of them going up in value $1 is likely better than the $20,000 coin going up $1000