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 Replies: 32 / Views: 4,904 |
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Pillar of the Community
United States
954 Posts |
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Rest in Peace
United States
954 Posts |
24K Gold IS .9999 fine gold. It's that way by law. If something is gold plated it must state so or the person selling it can be arrested for fraud.
catman
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Valued Member
 United States
106 Posts |
Thanks becky and catman. So the US mint has annouced this 24K gold coin will have a buffalo design? I can't find any articles on this..all the articles I found were old, april articles.
ALso doesn't nation collectors mint make 24K gold plated coins and not say they are plated?
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Valued Member
United States
106 Posts |
I just called the US mint. They said they are coming out with it but they dont know what the design is going to be yet.
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Pillar of the Community
United States
1203 Posts |
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Pillar Of The Community
3147 Posts |
Hi Old Buddy, err.....Old Dan! Good to have an old friend posting!
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Pillar of the Community
Belgium
2078 Posts |
quote:
Originally posted by catman
24K Gold IS .9999 fine gold. It's that way by law. If something is gold plated it must state so or the person selling it can be arrested for fraud.
catman
We seem separated by legal definitions I did not know existed Here you can only call gold what is at least 18 Karat otherwise you have to call it an amalgamation or mixture or whatever So selling a goldmedal at 0.575 is illigal (not 18 K ) On the other hand in practice all jewellers and all ebayers selling goldplated will refer to 24 K products Because over here jewellery is either 18K or goldplated 24K pure gold is not usefull in jewellery because of wear problems and goldcoins are either 0.900 and upwards to 99999 And yes I never ever bought a five nine coin 99999 because I think it is a marketing trick Like you said the difference between four and five nines is purely theoretical |
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Pillar of the Community
Belgium
2078 Posts |
These are american 24K gold quarters The vendor omits any further identification but I understand this to be goldplated junk and I may be wrong but since nobody is bidding all the others have the same understanding http://cgi.ebay.de/24-Karat-Gold-Mu...cmdZViewItem |
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Pillar of the Community
Belgium
2078 Posts |
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Pillar Of The Community
3147 Posts |
There are quite a few countries now selling pure 24K gold and the U.S. will join the competition in 2006. The current gold eagles are only 22K gold and it seems many big investors prefer the pure (real) gold. One reason for keeping the gold at 22k is other metals then used in manufacturing the coins make it more solid as pure gold will be somewhat softer than what we in the states are used to. None the less, if the mint goes with a reproduction of the classic Indian/Buffalo nickel it will be Katy bar the doors as 2006 will be a record gold year for the mint. Won't have to wait long to find out either!
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Valued Member
United States
106 Posts |
quote:
Originally posted by crystalk64
There are quite a few countries now selling pure 24K gold and the U.S. will join the competition in 2006. The current gold eagles are only 22K gold and it seems many big investors prefer the pure (real) gold. One reason for keeping the gold at 22k is other metals then used in manufacturing the coins make it more solid as pure gold will be somewhat softer than what we in the states are used to. None the less, if the mint goes with a reproduction of the classic Indian/Buffalo nickel it will be Katy bar the doors as 2006 will be a record gold year for the mint. Won't have to wait long to find out either!
Are you saying the 22K gold eagles arent solid real gold? |
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Pillar of the Community
Belgium
2078 Posts |
in most circulating goldcoins there is 10% copper or in the best of cases 10 % silver to make it wear resistent
but an ounce of gold is still an ounce of gold wheather deluted in copper or silver
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Pillar Of The Community
3147 Posts |
Yes, I am! And, Ageka has given you the answer as the other metal strenthens the gold for the coining process.
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Valued Member
United States
106 Posts |
Ageka and crystal, my dad thinks pure gold coins are useless because you cant carry them in your pocket. Also he said they are so soft you cant do anything with them because they will scratch, so just how soft are they being pure gold?
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Pillar of the Community
United States
7123 Posts |
GCL Gold has a hardness of 2-3 on the hardness scale.Which in the world of minerals means it can easily be scratched with a fingernail. For a look into the world of elemental hardness(mineral) Check out this site !! http://www.minerals.net/mineral/sor...hardnes1.htmRick Edited by Metalman
10/19/2005 10:03 pm
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Replies: 32 / Views: 4,904 |
First Page
Posted 10/18/2005 7:14 pm
