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1978FM Guyana Uncirculated (U) 5 and Ten Dollar Coins From ??Ukraine??
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<p>[QUOTE="7Jags, post: 8262929, member: 78719"]The mintage is reported at 100 but the story is actually better than that.</p><p><br /></p><p>As you may know the Franklin Mint felt it necessary to strike actual coins theoretically for circulation to justify the "collector" coins in the proof sets. While many know that bit, the interesting thing is that they are large at 45 mm and 42 mm so that they would present a large format for display of the design; that is fine enough but the value of a Guyana dollar in 1978 was just under 10 cent USD and this meant that even the $10 coin had a value at the time of about 95 cents and 47 cents for the $5. That meant that these coins had very little purchasing value for the time and there was no use for them, and MUCH less as time has passed.</p><p>Well, what happened to them? Nobody knows as they may have been melted down or even tossed out & for the last 10 years at least their purchasing power has been about 5c and 2c USD equivalent (as a side note the metal content is worth about USD 1.92 and USD 1.60 so even they have a metal value that exceeds face....</p><p><br /></p><p>I have some connections down there that are trying to find out just what happened to, and if any coins survived. So, quite an adventure. Please see earlier posts about Guyana coins of the Franklin Mint; the 1980 $10 I found several years ago was an (U) uncirculated specimen also but of much cruder planchet and the smaller denominations also looked a bit rough as far as metal treatment of the blanks/planchets.[/QUOTE]</p><p><br /></p>
[QUOTE="7Jags, post: 8262929, member: 78719"]The mintage is reported at 100 but the story is actually better than that. As you may know the Franklin Mint felt it necessary to strike actual coins theoretically for circulation to justify the "collector" coins in the proof sets. While many know that bit, the interesting thing is that they are large at 45 mm and 42 mm so that they would present a large format for display of the design; that is fine enough but the value of a Guyana dollar in 1978 was just under 10 cent USD and this meant that even the $10 coin had a value at the time of about 95 cents and 47 cents for the $5. That meant that these coins had very little purchasing value for the time and there was no use for them, and MUCH less as time has passed. Well, what happened to them? Nobody knows as they may have been melted down or even tossed out & for the last 10 years at least their purchasing power has been about 5c and 2c USD equivalent (as a side note the metal content is worth about USD 1.92 and USD 1.60 so even they have a metal value that exceeds face.... I have some connections down there that are trying to find out just what happened to, and if any coins survived. So, quite an adventure. Please see earlier posts about Guyana coins of the Franklin Mint; the 1980 $10 I found several years ago was an (U) uncirculated specimen also but of much cruder planchet and the smaller denominations also looked a bit rough as far as metal treatment of the blanks/planchets.[/QUOTE]
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1978FM Guyana Uncirculated (U) 5 and Ten Dollar Coins From ??Ukraine??
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