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Replies: 21 / Views: 17,322 |
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New Member
United States
5 Posts |
hello all, newbie here. in 2001 I purchased some $20 Miniature St. Gaudens sealed in plastic from 'national collector's mint'. there are claimed to be 24k solid gold, the mini is marked 24k and the invoice also states solid gold. they are 10mm diameter. I would like to know the weight but since they are sealed I don't want to open it. I have searched google for this mini and haven't found anything on it. lots of info on 8-22k pieces, gold plated etc. can't find a thing on 24k. thanks in advance.
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Bedrock of the Community
United States
10284 Posts |
Edited by TNG 08/06/2017 11:38 pm
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Pillar of the Community
United States
3479 Posts |
First, welcome to CCF! If that is one of those TV infomercial companies then I doubt you purchased solid gold coins. I see the commercials flash on CNBC.
A google search doesn't look promising. How much did you pay per piece?
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New Member
 United States
5 Posts |
mike, they were $19.99 and the coa states they are .9999 fine AU. 16 years & the national collectors mint is still around and barry goldwater jr is still the director. the only similar item I could find was 14k on their web page. don't remember where I saw the ad.
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New Member
 United States
5 Posts |
nickelguy, that is similar except mine is 24k. item number in 2001 was 14019, same company.
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Pillar of the Community
United States
3479 Posts |
I googled around as well. If the National Collectors mint is still in business, give them a call and ask. I couldn't turn up anything in my google searches either.
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Pillar of the Community
United States
887 Posts |
Hi Wes, and Pictures of one of your coins would be very helpful. The more detailed, the better. Also, a copy of the COA would be good as well. The COA should have all the info regarding composition of the 'coin'. NCM never made anything out of solid 24kt gold. They did however, make mini coins that were marketed as 24kt Gold, with the letters "HGE" buried somewhere in the advertising small print. HGE means "Heavy Gold Electroplate", and usually amounts to a few cents worth of gold. If you're lucky, it was Gold HGE over silver, but it's most likely over a non-precious base metal.You're 'coins' don't need the word 'COPY' on them, as they are obvious reproductions because of size. Because they weren't produced by the actual US Mint, they will more than likely not (never) have any numismatic value, and even if it were solid gold, would only be worth bullion. With that in mind, breaking them out of the plastic won't do any harm value-wise. EDIT: See post 2 below
Edited by Beefer518 08/07/2017 01:28 am
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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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Replies: 21 / Views: 17,322 |