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1.5 Gram Gold Coin Made For Venezuela?

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Valued Member

United States
87 Posts
 Posted 07/04/2017  6:28 pm Show Profile   Bookmark this topic Add mnknight77 to your friends list Get a Link to this Message Number of Subscribers
Hi everyone, I was perusing ebay looking and ran across this coin and started to dig to get more info. I have heritage from Venezuela so I was curious.

The coin was made for the bank of Venezuela by the bank of Italy called the "chiefs of the second world war" series. Supposedly there were 2 sizes made, a 60 bolvares (15 grams at oro de ley 900) and 20 bolvares (6 grams at oro de ley 900) size. Approximately 14-18 different coins were made in between 1957-1959. However this coin on ebay (from my very very limited knowledge) is about a 5 bolavares size. The coin is 1.5 grams and smaller than a dime. You can barely tell on the back of the coin the lei or ley 900.

The coin on the obverse and reverse looks identical to the Roosevelt "chiefs of the second world war" official coin.

What is the likely hood that this coin is real?

Thanks!

http://www.ebay.com/itm/Roosevelt-C...AOSwCkZZV92P


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kanga's Avatar
United States
5825 Posts
 Posted 07/04/2017  6:36 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
I don't know what it is but at 1.5 gms DON'T SNEEZE if it's just lying there.
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Coconutjoe's Avatar
United States
1475 Posts
 Posted 07/04/2017  11:30 pm  Show Profile   Bookmark this reply Add Coconutjoe to your friends list Get a Link to this Reply
Probably non-gold novelty coin.

I own couple example of similar size 1.5g to 2.0g non-gold novelty gold color coins.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 07/05/2017  04:03 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
The premium per gram is about $12.

If gold is at $1,223 (current),
With that sort of premium on a one ounce coin, a bullion gold coin should be priced $1,600 with taxes distribution marketing packaging and profits where applicable, added onto the $1,600.
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