What is a gold Phoenix coin?

Discussion in 'Coin Chat' started by Doc J, Apr 12, 2011.

  1. Doc J

    Doc J Mr. Brightside

    Well done.

    I was the OP, and I didn't mean to get get picky or anything due to the Photobucket thing way back then (7 years ago). I still have my 1/4 oz. coin. It has the same packing as is shown above with the 1/2 oz. (except mine is 1/4 oz.).

    Great tech on the Trust Company 1979 involvement in the coin. I have a receipt with mine that says $59.50.

    Thanks again.
    Doc
     
    HawkeEye likes this.
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. HawkeEye

    HawkeEye 1881-O VAMmer

    My boss was probably the main contact with the company. No one would believe it who had not lived it, but one of my jobs was marketing 21% investment notes. Rates were so high that we could make money paying 21% for it.

    I assume my coin cost about half of yours but I don't have the receipt. If I had been a little wiser I would have bought a set. Putting a set together now might be just about impossible.
     
  4. Doc J

    Doc J Mr. Brightside

    I also worked for Trust Company during this period. I did the management training thing out of college, and they sent around to work various branches and learn the system.

    They then sent me to south Atlanta to be a branch manager, and I bolted to form an insurance agency (commercial property).

    I remember the rates back in those days. They would give you ~$500 to deposit $10,000 which had a 16% interest rate. That's why I didn't buy gold/silver then. Why take risk on stocks and commodities when you could get a FDIC insured account that was 16% +/-?

    16% would double your money ever 4.5 years (rule of 72).

    At the branches, I would trade non silver money for 1964 and before silver with the tellers before they closed out. It only had a smaller margin at first---then the Hunt Brothers decided to take over the silver market (Silver Thursday) several years later...I guess a lot of great coins were melted back then.
     
    HawkeEye likes this.
  5. HawkeEye

    HawkeEye 1881-O VAMmer

    Interesting, we were probably on the training program together. I was on it from 1969 to early 1971
     
  6. Doc J

    Doc J Mr. Brightside

    I graduated from the UGA Terry College of Business on a Saturday in 1973 and started work on the following Monday. I was 21 years old. :wideyed:
    Dykes High School in Atlanta, 1969

    Small world or what?
     
  7. HawkeEye

    HawkeEye 1881-O VAMmer

    Grad of UGA in 1969, started the next Monday down at five points. By 1973 they had transferred me to Augusta and the rest was history. Retired in 2002 after 33 years. Good times.
     
    Doc J likes this.
  8. Annon

    Annon New Member

    I have the 1 troy ounce coin from the set. Any idea on a price point?
     
  9. Doc J

    Doc J Mr. Brightside

    It's worth around the market price of an ounce of gold.
     
  10. Jester5764

    Jester5764 New Member

    Thank you HawkeEye for the info! I join this site just to ask you if you knew anything else regarding the Gold Phoenix Company. I worked for Trust Company and am Macon born and raised. I have the chance to buy a full set, just nervous with no info being out there. I do trust the seller and the flips all have the same piece of paper with address and such. Is there anything else you can tell me. Mintage?
    Thank you,
    J Downs
     
  11. Doc J

    Doc J Mr. Brightside



    I can't find any more information. I was a Trust Company employee out of UGA.
     
Draft saved Draft deleted

Share This Page