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Pillar of the Community
United States
887 Posts |
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Pillar of the Community
United States
887 Posts |
Ok, I was mistaken. It seems the NCM DID in fact make solid gold Double Eagle replicas. See this link; http://saintgaudenscoins.reidgold.com/page11.html (fourth coin down) So on to the value of your tribute medallion. Weight of the 10mm 24kt solid gold replica is 0.6 grams. 0.6 grams equals 1 grain. 1 grain of 24kt gold (at today, 8/7/17's gold price of $1258.50) is worth $2.62 US.I messed up by accidentally moving the decimal (the gold calc I was using does it in grains, and I typo'd the amount). 0.6 gram equals 9.25 grains, which is $24.22, as Alpha2814 pointed out (thanks).
Edited by Beefer518 08/07/2017 03:28 am
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Bedrock of the Community
Canada
24885 Posts |
 To the Forum.
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Pillar of the Community
United States
2023 Posts |
Going from 0.6 grams to gold price directly (without converting to grains first) gives me $24.25. I think Beefer is off by a factor of 10. 
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Pillar of the Community
United States
4211 Posts |
 WE~! Yes, they are still in business and for the most part sell items WAY beyond their worth.
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Bedrock of the Community
United States
17884 Posts |
The only reason you made out at all on those is because of how much gold has gone up. The average gold price in 2001 was 271.04 so when you bought them for $20 each they had $5.22 worth of gold in them. So if they were still selling them today they would probably be asking $115 for them. For just a few dollars more you could buy a 1/10 oz gold eagle that has five times as much gold in it. (IN 2001 a 1/10 oz gold eagle would have been around $30)
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CCF Advertiser
United States
1533 Posts |
Better to be lucky than good?
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New Member
 United States
5 Posts |
many thanks to all, good info beefer518, thank you. conder101, 5 years ago they were worth twice as much. that's usually my luck, buy high sell low, better get them down to the coin dealer quick. (life ain't the way it's supposed to be, it's the way it is.) question has been answered.
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Pillar of the Community
United States
4989 Posts |
Go ahead and crack it open - the packaging adds no value and is not collectible. As has been mentioned, these are solid gold and nicely done miniatures. Not a terrible way to appreciate the design although, like nearly all private mint issues, it will never be worth more than melt and it make take some convincing to get a dealer to buy it since most private mint issues are plated.
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New Member
United States
1 Posts |
I want to thank the person who said this miniature coin has a weight of .6 grams. The other info about this coin is found on the Certificate of Authority which I captured an image from a YouTube video (see below). I bought one the other day because I love the presentation. My daughter liked it so much too that I just bought a second one from ebay for $22.50 and free postage. It is not worth any more then what I just paid however if you love your child enough the the coin is priceless. Right? 
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Moderator
 United States
189767 Posts |
 to the Community, Barry Levin!
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Pillar of the Community
United States
3343 Posts |
If you can buy these things for $22.50 postpaid, you're paying no virtually premium over gold spot price. Small gold pieces usually sell at a substantial premium over their gold content. For instance, low grade US gold dollars containing 1.5 grams of pure gold rarely sell below $100, or 50-60% over spot.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Bedrock of the Community
United States
17884 Posts |
You can't compare spot premium for a privately made gold medallion to a collectible US gold coin. A privately made piece that has no real collector base is always going to have a small premium compared to a real coin.
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Pillar of the Community
United States
3343 Posts |
This thread really belongs in the Precious Metals and Bullion topic conder, since this isn't a coin. I consider damaged common US coins to be bullion. I prefer them to private issue bullion for their known gold content. Spot checking ebay, I couldn't find any of these little 24K tokens, though "national collector's mint" has a lot of listings.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq 06/22/2018 12:23 pm
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Rest in Peace
10197 Posts |
N (Not) C (collectable/coin) M (Materials)  Aren't their little mini-bags of LWC's, ah,....yummy? 
Edited by Crazyb0 06/22/2018 12:29 pm
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