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.