| Author |
 Replies: 8 / Views: 6,321 |
|
|
Pillar of the Community
Canada
586 Posts |
Hello Gents, 1972 Munich Olympics Commemorative 22k Gold 7 Coin Set Looking for some information on this set of coins. Stated to be 22k gold. Couldn't fine anything on the net. Would like to know the weight these coins are suppose to be and whether you think these are fake or real and if you are aware of a value.   Edited by TheBurnz
10/21/2019 2:22 pm
|
|
|
|
Pillar of the Community
United States
2023 Posts |
I found this: https://www.liveauctioneers.com/ite...d-7-coin-setDescription says "Each coin weighs 7.9 grams, which is over a quarter of a troy ounce making the whole set weigh approximately 1.77 try ounces. Each coin is composed of and marked 999.99 pure gold." -- that level of purity suggests "22k" is not accurate (or vice versa). There's no other information on this page. |
|
Moderator
 United States
189546 Posts |
Nice looking set.  |
|
Pillar of the Community
 Canada
586 Posts |
Thanks Alpha, but did you see the sold price at that auction. $150, makes me think its not real.  |
|
Rest in Peace
United States
17900 Posts |
Modern German commemorative issues have many Czechoslovakia fakes, but I don't see a thing out of line.
|
|
Bedrock of the Community
Australia
21788 Posts |
Krause does not report this issue in their Standard Catalog of World Coins, which begs the question:
Are they coins or medals?
I can't see a notation of face value on them.
|
|
Pillar of the Community
Canada
586 Posts |
I am thinking they are medals personally, but at even as medals the gold melt value alone should be way over $150?
|
|
Pillar of the Community
United States
2023 Posts |
If their purity is as stated and the weight in that screenshot-listing is accurate, there's about 1.77 ounces of gold so the melt value as I type this would be about $2650.
If they're plated, it would depend on what the rest of them are made of (silver, nickel, brass, whatever) but even silver melt would be well below $150 and the value would be mostly as collectibles rather than metal value.
|
|
Valued Member
United States
156 Posts |
These are medals for sure.
The Munich Olympics commemorative coins were silver pieces.
I studied these coins, and they're interesting in that these are the only example of a government using "seigniorage funding" to finance an Olympics.
It worked like this: The West German government made the coins and handed them over to the Munich Olympic Committee, and the Munic OC did not compensation the government for making the coins.
The OC sold the coins at face value and used the proceeds to pay for Olympics and post-Olympics expenses. Seigniorage funding is basically a government subsidy for the Olympics.
Most other Olympics commemmorative coins provide funding through surcharges on top of the cost of the coins, and price of producing the coins is paid back to the government when settling accounts after the Olympics.
|
| |
Replies: 8 / Views: 6,321 |
|
Posted 10/21/2019 3:14 pm
