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 Replies: 14 / Views: 5,678 |
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New Member
Canada
0 Posts |
I see these tiny coins all over ebay in cheap large quantities. What are they made from and what is their purpose? Thanks. *** Moved by Staff to a more appropriate forum. *** |
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Moderator
 United States
14463 Posts |
Are you talking about the recent $5 Gold Bullion coin?  sorry about picture If this is what you're talking about, its 1/10 of an ounce of gold. |
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Pillar of the Community
United States
557 Posts |
I think I know what your talking about , going to find a pic and see if it's it . THE MINI gold coin , which I've seen just dono if its proper gold or what cause I have seen them cheap in bulk of 25/50 count .. going to look for a photo , ill update this post once I find one ... Heres what I've been seeing .. is this the one your refering to ? If so in my limited search I found it to be calld "gold plated" didnt find out the extent of the plating but being so small (10mm) wouldnt see it being much worth it .. (saw one on ebay at 1.99$ no bids)  Edited by tatt2ed13
03/11/2012 2:30 pm
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Pillar of the Community
United States
619 Posts |
They're gold plated copper. Totally worthless. There are also gold plated IHCs all over ebay, too. |
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Moderator
Australia
16834 Posts |
Older examples of these "gold miniatures" are typically made of 8 carat gold, so they're not "worthless", just not worth very much. They were mass-produced in Mexico in the 1960s to 1980s as cheap jewellery items; they could well be still making them today. Several designs were issued, including Mexican and European coins. I have one I bought from a mail order coin dealer here in Australia in the 1980s for 8 bucks, back when the gold price spiked last time. Many of these mini Saint-Gaudens were imported into the US and turned into cheap souvenirs; this example in a card seems to have been a freebie, a giveaway from Reader's Digest or some such. By the way, the sculptor's name was "Augustus Saint-Gaudens", not "St. Gaudens". Though his brother Louis (who was also a sculptor) officially changed his surname to "St. Gaudens", just to be different.  Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
557 Posts |
Ahh Sap Nice ,, Thanks for that info .. Didnt find all that info out in my limited search much appreciated .!
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New Member
 Canada
0 Posts |
Fuzzy317 Posted - Yesterday : 2:10 pm
Are you talking about the recent $5 Gold Bullion coin?
I wish the ones that I've seen are that nice. They are sold very inexpensively, and often in large lots of - say 25 for $50.00. I've read everything from that they're brass to 8-22K gold.
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New Member
Canada
0 Posts |
tatt2ed13 Yes, those are the ones. Do you know who would make them and why? They so cheap it's seems pointless.  |
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New Member
Canada
0 Posts |
CPC24
Thanks. I'm curious about them, but I can't locate their origin or why they'd be made at all.
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Pillar of the Community
United States
557 Posts |
Hey bud ,  Seems to just be a novelty / Replica type of thing .. BUT If you look up a few Posts . SAP , explains it pretty well .. even taught me alil something there , I didnt know much about these till I saw your question and started researching the lil things .. I personally have received some in LOTS I purchased from ebay , testing them 4 of the 10 or so I have didnt even contain gold .. so it seems to hit or miss for me to even worry about them ..  unless there free , I personally wouldnt put much time into them (unless you know they are proper gold plated) sorry I couldnt be much help , but do read SAP's response Above a few posts .. Edited by tatt2ed13
03/12/2012 11:13 am
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New Member
Canada
0 Posts |
Sap Thank you for the link. My bad on the name Saint-Gaudens; I'll know better in the future.  |
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New Member
Canada
0 Posts |
tatt2ed13 I'm with you - they are pointless. Somewhere, someone is cranking these things out for no good reason. Ha.  |
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Pillar of the Community
United States
557 Posts |
Lol , well I've heard that "Some" are worth it .. But just the fact that only SOME are worth it .. dosnt make me wana go get any  haha ... Ill stick with my morgans and Peace dollars  .. untill I get the itch for gold , then Bring on the Eagles   .! :) Good luck with your collections  Edited by tatt2ed13
03/12/2012 3:20 pm
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New Member
United States
45 Posts |
I can weigh in on these. Like I've said in earlier posts I was selling a lot of coins on ebay so I was checking out other auctions, talking with buyers, and even purchased some random items to check em out. These coins you are talking about are an absolute waste. They are NOT real gold. They are TINY TINY and a serious waste of 2 dollars. |
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Bedrock of the Community
United States
17884 Posts |
These have been made for years and by several different manufacturers. I have seen them just plated, 8 Kt, 10 Kt, 22 Kt, and 24 Kt. the problem is they are not marked and there is no way you can tell what the fineness is just from looking at them. So you need for the seller to tell you what it is, and the weight, and you have to be able to trust them. You would also have to be able to do testing on them once they arrived to make sure you got what you paid for. And once you see them in hand you will find that they tend to be very small and very crude copies (see the one tatt2ed13 posted above. Some of them are worse than that.) With all the uncertainty, and the poor product, and the fact that you will probably still be paying well over spot price, why bother?
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Replies: 14 / Views: 5,678 |
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Posted 03/11/2012 2:25 pm
