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what does "Cu, layered in 24K gold" really mean?

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 Posted 08/24/2011  11:49 am Show Profile Bookmark this topic Add jbkay to your friends list Get a Link to this Message

I see those Franklin Mint type companies as junk coins, but now have to do some estate work. So here's a Presidential coin they charged $40. for and I can't understand to COA

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 Posted 08/24/2011  11:52 am  Show Profile Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
It means it is worth a heck of a lot less then $40.
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 Posted 08/24/2011  12:11 pm  Show Profile Bookmark this reply Add jbkay to your friends list Get a Link to this Reply
no, really, I have to prove it's crap.....I need a real definition
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 Posted 08/24/2011  12:27 pm  Show Profile Bookmark this reply Add allranger to your friends list Get a Link to this Reply
It means it is a copper round with a thin layer of gold.
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 Posted 08/24/2011  12:29 pm  Show Profile Check biokemist6's eBay Listings Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Cu= copper, covered with a thin(read:worthless) electroplating of gold
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 Posted 08/24/2011  12:51 pm  Show Profile Check SsuperDdave's eBay Listings Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Keep in mind, gold is about the most malleable metal there is. I've done some gold leaf work; the gold leaf I worked with was so thin, so fine, that the only way to handle it was with the very finest, softest camel-hair brushes. You cannot pick the stuff up with your fingers; it shreds. Even today, with gold at $1800, the "standard" booklet of just over 1-1/2sq.ft. of gold leaf is only about $35. I paid about $10 each for them back when I was doing it.

You can easily cover 100 square feet with one ounce of gold.

And when you're electroplating, one molecule at a time, the amount of gold needed to cover a coin is infinitesimal. It would require the most advanced of measuring equipment to weigh it. They probably only needed that one ounce of gold to plate the entire mintage.
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 Posted 08/24/2011  2:28 pm  Show Profile Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
What it means is that "coin" is worth whatever its weight in copper.
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 Posted 08/24/2011  3:00 pm  Show Profile Bookmark this reply Add Buddy to your friends list Get a Link to this Reply
Shop around on eBay and see if any are for sale. That might give you an idea about its value. Just because the metal isn't worth much doesn't mean that the coin is worthless. People used to spend all kinds of money on beanie babies.
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 Posted 08/24/2011  3:09 pm  Show Profile Bookmark this reply Add Buddy to your friends list Get a Link to this Reply
Okay, I was curious so I went shopping for you. I found a bunch of Franklin Mint stuff for sale -- you'll have to go and check for your specific round. Some complete sets are silver and pricey but most of the items for sale were single coins for $5.95.
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 Posted 08/25/2011  12:34 am  Show Profile Bookmark this reply Add Saruma to your friends list Get a Link to this Reply
I think those coins are advertised as being clad in 10 milligrams of 24 karat gold like it is a real investment. If I remember correctly that is less than $2 worth of gold.
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 Posted 08/25/2011  08:42 am  Show Profile Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
$0.58 of gold with gold at $1800/toz to be exact.
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 Posted 08/25/2011  11:16 am  Show Profile Bookmark this reply Add just carl to your friends list Get a Link to this Reply
The Franklin Mint and many others just love to make those statements. Most people have no idea just how little Gold is on one of their products. They hear that advertisement of GOLD and think it's worth a fortune. Just smart, not true, advertising.
just carl
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 Posted 08/26/2011  06:27 am  Show Profile Bookmark this reply Add 3stooges to your friends list Get a Link to this Reply
Sounds like gold-plated garbage designed to sell to the ignorant and easily duped.
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 Posted 08/26/2011  06:32 am  Show Profile Check trout1105's eBay Listings Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
Its silver plated copper.
A while back ppl that got caught for this were hung for coining.
They should bring that back in
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 Posted 08/26/2011  06:36 am  Show Profile Check trout1105's eBay Listings Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
Sorry gold plated copper.
But I still think the jerks should be hung from the gibbet
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 Posted 08/26/2011  12:52 pm  Show Profile Bookmark this reply Add littleboy to your friends list Get a Link to this Reply
COA = certifying the "coin" is authentic junk. :P
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