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$20 Miniature St. Gaudens

 
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New Member
United States
1 Posts
 Posted 06/21/2018  01:55 am  Show Profile   Bookmark this reply Add Barry Levin to your friends list Get a Link to this Reply
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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United States
77253 Posts
Pillar of the Community
United States
1965 Posts
 Posted 06/21/2018  7:12 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
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
Bedrock of the Community
United States
15823 Posts
 Posted 06/22/2018  12:00 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
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.
Gary Schmidt
Pillar of the Community
United States
1965 Posts
 Posted 06/22/2018  12:16 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
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
Bedrock of the Community
10197 Posts
 Posted 06/22/2018  12:28 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
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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