Gold bullion coins around the world!

Discussion in 'Bullion Investing' started by vest007, Jul 31, 2013.

  1. sakata

    sakata Devil's Advocate

    What has Canadian got to do with it? This is an international forum. We even have someone from Pennsylania!
     
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  3. FryDaddyJr

    FryDaddyJr Junior Member


    you mean the guy you're "ignoring"? you don't do a very good job of ignoring.
     
  4. Johndoe2000$

    Johndoe2000$ RE-MEMBER

    Jason.A said:
    Thank you! I have noticed an unfortunate "tone" on this board, and I don't mean the silver. Some people seem awfully rude here. And I don't think I'm saying that just because I'm Canadian!

    Question... what to do with a harmless ant???
    Answer... you ignore ant. :wideyed::bored::)
     
  5. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Simple, Jason.A treat people with dignity and respect and they will do the same..
     
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  6. TheFinn

    TheFinn Well-Known Member

    I have some .999999 fine medical gold. Good luck getting a premium for it. Must cost a fortune to have made, which is why it is only used as little as possible. Only for things that are put in the body to stay. No, I have not been grave robbing or working in a mortuary.
     
    Alegandron likes this.
  7. ffrickey

    ffrickey Junior Member

    Briefly,
    1) the denomination in modern bullion coins is an arbitrary value (cf. US 5-oz silver "quarter") which allows them to be classified as legal tender, which means in some states (e.g. Germany for gold) they are not taxed.
    2) A sovereign was/is the standard British gold coin weighing close to a 1/4 ounce of gold and was originally worth 1 pound. They were minted throughout the empire. Naturally today they cost a couple of hundred pounds.
    3) A 1-oz gold coin contains one ounce of gold, but may also contain additional alloys, like the Krugerrand. So if you melt one down, you may get more than an ounce of metal, but still only an ounce of gold.
    4) A melted-down coin will probably sell at even less than spot, since a lump of metal will have to be assayed. The coin at least is supposedly a guarantee of quality, which is why they sell at a premium to spot. But watch out for fakes.
    5) You can make ornaments from melted coins or unmelted ones. Austrian Maria Theresia Thalers are or were highly prized as ornaments in Africa.
     
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  8. ffrickey

    ffrickey Junior Member

    Here is the original Libertad, "1947" 50 peso piece. Apparently much restruck. MX50Peso1947.jpg
     
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  9. ffrickey

    ffrickey Junior Member

    And here is a 1959 10 Peso piece, 8.3 g 22.5 mm. MX10Pesos1959M.jpg
    Of course these are not what is generally referred to a "bullion" coins, meaning coins devoid of numismatic interest, but they're pretty close.
     
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  10. I recieved my 2 ounce Perth Mint year of the dog. Lovely coin, its big and hefty with a nice reverse proof frosted finish that shows slight rainbow hues as it catches the light.

    I wish more mints would do 2 ounce gold, would love to see a 2 ounce buffalo. I would be ordering right away.
     
  11. BoonTheGoon

    BoonTheGoon Active Member

    Gold is quite pretty but I need to save my money for a 1957 nash metropolitan, but if I had the extra money I would be all over that sweet glittery butter.
     
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