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 Replies: 9 / Views: 1,240 |
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Valued Member
United States
337 Posts |
Some coins are listed as 99.99% pure gold which I believe means 24 karat.
Then other coins are listed as 14 karat.
As a coin collector, how much does the gold purity matter to you?
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Pillar of the Community
United States
1801 Posts |
To me as a collector it doesn't mean anything. If we are talking numismatic coins, what matters to me is the scarcity and demand for the coin. If we are talking bullion coins, what matters to me is the "AGW" or actual gold weight. A Krugerand is 91.67% pure gold, a canadian maple leaf is .9999 pure but they both contain 1 oz of gold so in my eyes they have equal value.
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Bedrock of the Community
13014 Posts |
To me it means little. If I was just buying bullion Id want something 90 percent or above most likely, but Ill buy anything for the right price. I'm generally more interested in what the coin is though than what its made of especially with the current PM prices.
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Moderator
 Australia
16834 Posts |
You won't find too many modern gold coins at 14k. Most bullion coins are 24k (.999 fine), while most circulation gold coins are either 22k (.917) or .900 fine. Generally, when people want gold coins to use in commerce or as a store of value, they want the gold to be reasonably pure. From a transportation and storage perspective, diluted gold is gold plus dead weight and dead space.
From a coin collecting perspective, I'd agree, it's largely irrelevant. I'd like to buy a Byzantine gold coin, and it doesn't really matter to me if it's a fine-gold solidus or a debased-gold hyperpyron. Either way, I'm probably not going to be able to get a nice looking one for "bullion value".
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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Valued Member
United States
402 Posts |
As a coin collector gold purity means very little to me. As a bullion collector it would mean everything. Simple as that. Question for the forum. What world gold coin is considered the most purest of all. Read about that somewhere and cant figure where or what the answer is. Just my opinion edgman    |
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Bedrock of the Community
United States
20753 Posts |
As with everyone else, I collect coins so the content is rather irrelevant. Whether 1% or 100% of anything just doesn't enter into the picture for me. I think about Mint quantities, dates, years, condition, not what it is made of.
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Pillar of the Community
Sweden
729 Posts |
Quote:
What world gold coin is considered the most purest of all. Read about that somewhere and cant figure where or what the answer is. According to wikipedia, some special edition maples have a purity of .99999 |
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Valued Member
United States
200 Posts |
I am partial towards high purity coins. I collect coins near to the inherent metal value. I have not moved to buying higher valued coins yet.
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Pillar of the Community
Canada
1723 Posts |
I want pure....not bi-metal.
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Valued Member
291 Posts |
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Replies: 9 / Views: 1,240 |
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Posted 10/08/2012 12:11 am
