About that Presidential gold coin...

I almost hesitate to bring this up, but I came across this article that talks a bit more about the proposed Donald Trump gold coin:

https://www.newsweek.com/us-mint-donald-trump-gold-coins-250-anniversary-delay-11967439

Some highlights:

• The coin was intended to be ready by July 4, but won't be.
• Only "47" specimens will be made.
• The coins will not be struck, but will be individually machined from...
• ...a "variable weight" of gold, approximately 19.7 ounces. EACH.

If those mintage and weight figures have been published previously, I haven't seen them. Still no word on face value or (obviously) issue price.

Any chance we can discuss this without a political flameout?

 

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A hundred thousand dollar coin?
You can count me out.

 

As of 1 min ago gold was $4,485.40….times 19.7= $88,362.38

Strictly for the rich and/or famous.

 

20 ounces of gold seems elitist.

 

Good luck. This subject seems to bring out the worst in everybody.

 

Did you mean to say 19.7 ounces?

 

That's what the article said, and it seems to match the "$90,000 worth" elsewhere in the article.

So... a $400 face value for a "quadruple Union"?

 

In order for me to buy 1 gold coin with that weight I’d have to sell half of my silver.

 

Sounds like this thread is taking a left turn...LOL

Hopefully there a standard 1 OZ GOLD coin, and at a reasonable premium but I guess thats wishful thinking

 

Thankfully, this one looks like us coming together to bash the newest Mint scheme to make millions from status collectors, which is something we can all agree on. We can have years of unedited posts that really tell the story how much hand sanitizer the Mint has drank over the years. (that was actually a thing 6 years ago)

 

I just think it would be a cool coin to have, thats my thought, will see how things play out..

 

19.8 ounces of gold? I predict that it will have a small mintage.

That would be almost 8 times heavier than Panama - Pacific $50 gold slug.

 

Trade some of the gold you have for one, I guarantee the premium will be much higher than a 100G's, at the start, and only 47 pieces

 

Every single one of them will wind up in the hands of the very well healed. I doubt any of them will even make it into the market.

 

That's just way too big.

 

Probably not for years, I imagine a few will flip them for a healthy profit, unless they are only a dignitary type item, then I agree 100%