The Big Boom IN Small Change

I found this in a antique mall. Not sure the date, but had to have it.

 

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st Guadens double eagle for $864? I'd buy 500.

 

wait does that say $54?!?

 

yes 54.00

 

I see that the Robert Goldsborough was a reporter at the Chicago Tribune from 1960 to 1963, and an editor until 1982.

I can't get to my old editions of the Red Book at the moment, so I can't correlate those prices -- it might be tough anyhow, not being able to get a good look at the condition of the coins. For that matter, I don't know much about how people weighted cleaning and so forth back then, so an in-person inspection still might not be enough.

BTW, keep in mind that it was less than a hundred years ago that you could buy all the St. Gaudens double eagles you wanted at face value...

 

you could get them at face value back in the 1860's. If only I had a time machine...

 

In 1960 and 1961, XF-AU $20 gold were $40 to $42 for a long time; I bought one in each of those years and still have them, an 1895 XF and a 1904 borderline Unc.

 

If I had a time machine is go back a bit further and load up on 2.5 and $5 from the teens and 20s especially making sure I had at least a couple $5 from 1815 and 1822! I'd also get a few quarters and half dollars from 1796 -7 small eagle gold too

 

But what would you use to pay for them?

 

I'd get a bunch of early capped bust and draped bust stuff and some pillar dollars in lower grades and or problem coins and take with Somehow I think I'd have zero problem exchanging my vf 1795 flowing hair dollar for a au-ms 1794 and my vg 1795 half for a high grade 1796

 

Bullion. Just melt down some common gold and/or silver and take it with you. Gold is always gold and silver is always silver. You wouldn't find too much trouble selling it. In fact if you went to the mint they would take it and convert it into brand new coins for you for free. If you couldn't wait for YOUR bullion to be made into the coins you could get immediate payment for about a 1/2% premium.

 

I didn't even think of that a great idea!! The other thing I thought of especially with extreme rarities like the 1815 and 1822 I'd only want 2 of each one to keep one to sell. Don't wanna flood the market!

 

See mainebill would go to the bank and rob them of all their flowing hair dollars.

 

They were only worth face value then!! Except the gold during the 1820s the bullion content was worth more then face why the extreme rarity today

 

Nobody thought they would be worth anything. Most people did not have the luxury of hoarding coins. Remember there was no middle class back in the early 1800s

 

Not true

 

The middle class was there but it was just beginning to grow. At the time it was a very small social class.

 

In the vein of fun, You would be much smarter to carry pure aluminum bars than gold as it was worth much more then. Second, Al has a much less density, so less energy would be needed, and on that, the energy cost is one the largest factors other than it is probably impossible ( like launching a jelly donut to the speed of sound and coming to a complete stop.) .

 

You go wandering around with bars of aluminum before 1825 you're going to have some explaining to do. It wasn't discovered until 1825 and not available in any kind of quantity until 1854. Even after 1854 it was still rare and expensive. How do you explain where the bars of this unknown metal came from?

 

I always have to laugh at the people who want to go back in time to buy this or do that. It would be changing the whole timeline of history. For all you know, your actions might result in your ancestors being killed. If so, how would you be able to return to the future?

Me? I'd rather go into the future to learn the numbers of a $500 million Powerball. Then, you could buy any coin you want.

Chris