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2018 LordM Newp #1 (India, Mysore gold fanam)
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<p>[QUOTE="lordmarcovan, post: 2958398, member: 10461"]Hey, Jacob. The melt value here is quite modest, since the coin weighs only 0.3 g. Now, I don't know what purity standard these were struck under, but even if this was a 24K .999 fine gold coin (and it isn't), the value of 0.3 grams of scrap gold is fairly trifling. At today's spot price, even a pure (.999) gold coin of that weight would have only $12.73 worth of gold in it.</p><p><br /></p><p>So realistically, there's likely less than ten bucks of bullion in this thing at today's price. The rest of the value is historical and numismatic.</p><p><br /></p><p>I do think an Indian gold fanam could make a very fun "first gold coin" for a young numismatist like yourself. There are other kinds- and earlier than this one- out there, and for even less money, too. I personally chose this particular one because of the Tipu Sultan historical connection and the date.[/QUOTE]</p><p><br /></p>
[QUOTE="lordmarcovan, post: 2958398, member: 10461"]Hey, Jacob. The melt value here is quite modest, since the coin weighs only 0.3 g. Now, I don't know what purity standard these were struck under, but even if this was a 24K .999 fine gold coin (and it isn't), the value of 0.3 grams of scrap gold is fairly trifling. At today's spot price, even a pure (.999) gold coin of that weight would have only $12.73 worth of gold in it. So realistically, there's likely less than ten bucks of bullion in this thing at today's price. The rest of the value is historical and numismatic. I do think an Indian gold fanam could make a very fun "first gold coin" for a young numismatist like yourself. There are other kinds- and earlier than this one- out there, and for even less money, too. I personally chose this particular one because of the Tipu Sultan historical connection and the date.[/QUOTE]
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2018 LordM Newp #1 (India, Mysore gold fanam)
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