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Does anyone collect foreign gold .1867's?
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<p>[QUOTE="John the Jute, post: 657876, member: 17740"]Hi Andrew,</p><p> </p><p>Yes, people collect them, and yes, people hoard them.</p><p> </p><p>The hoarders I've known tend to be people who fear a massive crisis for the US dollar; not, perhaps, a return to the stone age, but certainly hyperinflation. And, as your dealer friend says, selling a 20 franc coin would enable you to buy a week's groceries.</p><p> </p><p>In the 1930s, when things were nearly this bad, the government called in privately owned gold, but exempted pre-1933 gold coins. Hoarders who fear this happening again often choose coins like the Swiss 20 franc Vrenelli, which are available at a modest premium over metal value.</p><p> </p><p>Other hoarders, who agree about the possibility of economic meltdown, think these folk are mistaken about a government call-in. They think it more important in the US to have legends in English and weights in ounces. So they hoard quarter-ounce and tenth-ounce US gold Eagles.</p><p> </p><p>Collecting 0.1867 ounce coins is, I think, rather different. These coins have considerable historical interest; they are part of the fabric of the 19th century. They started as French 20 franc coins when Napoleon Bonaparte was consul of the French Republic, before he became emperor. They then spread across Europe through the Napoleonic Empire and the Latin Monetary Union, and were minted in Belgium, Italy, Austria, Finland, Russia, and many other places.</p><p> </p><p>I suspect that most serious collectors are French speaking. But there will be US collectors too.</p><p> </p><p>Later,</p><p> </p><p>John[/QUOTE]</p><p><br /></p>
[QUOTE="John the Jute, post: 657876, member: 17740"]Hi Andrew, Yes, people collect them, and yes, people hoard them. The hoarders I've known tend to be people who fear a massive crisis for the US dollar; not, perhaps, a return to the stone age, but certainly hyperinflation. And, as your dealer friend says, selling a 20 franc coin would enable you to buy a week's groceries. In the 1930s, when things were nearly this bad, the government called in privately owned gold, but exempted pre-1933 gold coins. Hoarders who fear this happening again often choose coins like the Swiss 20 franc Vrenelli, which are available at a modest premium over metal value. Other hoarders, who agree about the possibility of economic meltdown, think these folk are mistaken about a government call-in. They think it more important in the US to have legends in English and weights in ounces. So they hoard quarter-ounce and tenth-ounce US gold Eagles. Collecting 0.1867 ounce coins is, I think, rather different. These coins have considerable historical interest; they are part of the fabric of the 19th century. They started as French 20 franc coins when Napoleon Bonaparte was consul of the French Republic, before he became emperor. They then spread across Europe through the Napoleonic Empire and the Latin Monetary Union, and were minted in Belgium, Italy, Austria, Finland, Russia, and many other places. I suspect that most serious collectors are French speaking. But there will be US collectors too. Later, John[/QUOTE]
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