| Author |
 Replies: 32 / Views: 7,057 |
Page 3 of 3
|
|
|
|
Pillar of the Community
United States
3343 Posts |
It's intentional doubleeagle. We debase the dollar to pay for things we can't afford as a nation. As I understand it we abrogated Bretton Woods and went off the gold standard to pay for Vietnam. Politicians that buck the devaluation wisdom have been punished at the polls.
Since gold and silver are better placeholders than fiat money, I've used stacks of accumulated coins as a piggybank to buy a lot of things, mostly better coins. In the case of my watch, it would take twice as many eagles to buy the same one today. So while the dollar has lost ground, nice watches have gained ground.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
|
|
Valued Member
United States
249 Posts |
ssk... that's a "british half eagle" or half dragon as it were. Those sneaky Brits!
|
|
Pillar of the Community
United States
6478 Posts |
|
|
Pillar of the Community
United States
9796 Posts |
Last month I was on the EAC (Early American Copper) Heritage Auction house tour, (I posted this story elsewhere on CCF) we had a chance to visit their "Gold Room" a large room on one of the top floors of the Heritage Building, where they have their gold bullion wholesale part of the business. Something I didn't know, is Heritage deals in lots of wholesale gold bullion, to the tune of around a million dollars a day. They had a table set up with rolls of $20.00 Double Eagles on it, we got to hold a couple of the rolls, now I've seen lots of gold in my time, but I can't remember ever seeing that many Double Eagles at one time, there must have been several thousand of them stacked awaiting shipment. Impressive to say the least. Unfortunately and understandably no photos were allowed in the gold room for security reasons.
The most gold I've ever handled was 256 canadian Maple leaf 1 oz. coins that a customer had ordered through a coin shop I worked at. Had the fun job of counting and recounting them, back then it was a little over ninety thousand dollar deal (gold was around $350/oz then), I think we made about $1200 as a broker/handling fee. The entire pile of Maple Leafs fit onto a jeweler's tray. That much is 16 pounds of pure gold, I forgot that fact, and tried to pick up the tray after they were counted and stacked into piles of 10 coins, I raised the tray up about an inch before the bottom tore out and the coins stacks spilled all over the desk, necessitating me to recount and stack them on another tray. Opps, but in my defense I was used to doing that with dimes, quarter, and half dollars all the time.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
|
Pillar of the Community
United States
738 Posts |
 nice collection |
|
Bedrock of the Community
United States
10982 Posts |
Nice! Let us know when you get to 40.
|
|
Pillar of the Community
 United States
6396 Posts |
I've added more half eagles and have upgraded my coin container from a paper nickel roll to a square poly tube. I was surprised to find that round clear-plastic nickel tubes are too narrow to hold my coins. For some reason the square tubes have a larger inside diameter. I still had to exclude my sovereigns and my 1836 Classic half eagle since they have a larger diameter than the Liberty and Indian coins. Nevertheless, my total count in the roll is now 43 which includes one Canada 5-dollar piece. I've still got some room so maybe I'll eventually add a few more. Here are the current pictures:    |
|
Valued Member
United States
177 Posts |
|
|
Pillar of the Community
United States
711 Posts |
Outstanding roll of half eagles Jaobler.
Probably my favorite coin to collect is that $5 Liberty Head gold coin.
It is in a sweet spot price wise typically raw. The $2.50's have too much premium for my taste and the larger coins take up too much of my income to purchase regularly.
I really like that very worn 1866. Never seen one so worn ever. Great coin and great coins.
For anyone else out there wishing they could do something similar but don't have the funds for US gold coins, check out the small Mexican gold 2 or 2.5 peso coins. The LCS in town sells the 2 peso coins for $60 out the door. Maybe the size of a dime.
|
|
Pillar of the Community
United States
2233 Posts |
 Fancy, I wish I could afford that much gold. You have about 10.4017 ounces of gold. At today's prices your roll is worth a total of $11,504.38. Edited by CalzoneManiac
08/14/2015 10:15 pm
|
|
Rest in Peace
United States
10625 Posts |
Wow. I missed this the first time around. I do remember Johnny countdown working on a roll. What a great homage!  |
|
Pillar of the Community
United States
4337 Posts |
|
|
Pillar of the Community
United States
9395 Posts |
Congratulations!
I guess it's time to start accumulating a tube of 25? $20s now. I wonder what size coin tube would be best for those?
|
|
Bedrock of the Community
United States
10982 Posts |
Keep the pics coming Jaobler. Nothing quite like a pile of gold.
|
|
Valued Member
United States
450 Posts |
Johnny would be proud of you !
Boy, do I miss him...
|
|
Page 3 of 3
|
Replies: 32 / Views: 7,057 |
Page 3 of 3
|
First Page
Previous Page
Posted 05/30/2015 8:54 pm
