Polish Chopin Gold

Discussion in 'World Coins' started by Charles II, Feb 25, 2008.

  1. Charles II

    Charles II New Member

    I was recently looking for a gold peice issued by the Polish mint in 1977 (?), which Krause puts at $150. I was slightly alarmed when I saw it at €400...has the gold price gone up that far ? I haven't found it with any other dealers.
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  3. hontonai

    hontonai Registered Contrarian

    Actually, that means the price has gone down in real terms. In 1977 the average price of gold was $147.68, so the coin was cataloged at almost exactly the bullion value of one ounce of gold. The current price of gold is ~€ 633 so the coin is being offered at the equivalent of less than two-thirds that same bullion value.
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