Anybody Know This "coin" ?

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Author	Replies: 4 / Views: 1,428
ageka Pillar of the Community Belgium 2078 Posts	Posted 12/11/2005 1:01 pm The coin is on sale as a 20 dollar Indian comem ? The coin as the imprint of .999 gold ? Yet it is only silver with goldplating Was this made in the USA ? http://cgi.ebay.fr/PIECE-20-DOLLARS...cmdZViewItem Report this Post to the Staff

Morgan Fred Rest in Peace United States 2684 Posts	Posted 12/11/2005 7:54 pm Well, I sure couldn't find it in any catalogs of US coins and I doubt it would be issued by the US Mint without a date. It might have been issued by one of the US private mints, but I don't keep track of them since, for the most part, their issues lose value as soon as they're purchased. Except for its obverse having a passing resemblance to the quarter-Eagle ($2.50; 1908 - 1929), it really doesn't commemorate anything. And since it's actually silver instead of gold, it's way over-priced for bullion. Fred Report this Post to the Staff
ageka Pillar of the Community Belgium 2078 Posts	Posted 12/12/2005 05:02 am Fred you are right it is overpriced and also anybody not able to read the text may think it is .999 gold and I wander what genius invented the 20 dollar title Report this Post to the Staff
Susanlynn9 Forum Mom United States 5877 Posts	Posted 12/12/2005 7:54 pm It was probably issued as a replica from the Franklin Mint or some other such company. The US is full of these (much to my shame). These are the coins that so many US sellers are selling and not stating that they are copies in the title and description. Report this Post to the Staff
Morgan Fred Rest in Peace United States 2684 Posts	Posted 12/13/2005 1:40 pm I see advertisements all the time in such publications as Readers' Digest and various veterans' magazines. Except for the sucker factor, I wonder how the private (e.g., Franklin and National) mints stay in business. I don't know of any serious coin collectors who collect them except there must be some around with an interest in exonumia (if they qualify for that category). It just occurred to me that these private mints may make tokens such as subway and toll tokens which might explain why they are in business in the first place. Fred Report this Post to the Staff
	Replies: 4 / Views: 1,428

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