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 Replies: 8 / Views: 2,374 |
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New Member
United States
5 Posts |
Which is the better value, a rare gold coin with less purity or modern coin with .9999 purity?
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Pillar of the Community
Canada
3733 Posts |
if you are buying purely for value, then you want to buy as close to bullion as possible.
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Pillar of the Community
United States
2637 Posts |
IIRC, the 1915 Austrian ducats are restrikes.
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Pillar of the Community
Canada
1051 Posts |
Buy the Ducat only if it's an appreciably better price per gram. As Arkie mentioned, they are restrikes.
Purity doesn't really mean much. An American gold Eagle (0.9167 fine)is less pure than a (0.9999 fine) Canadian Maple, but both are exactly one troy ounce of gold,
both are widely bought and sold, and the prices of both are nearly identical. In Canada we get taxed on non-pure gold at purchase, so that eliminates a lot of interesting world coins from making financial sense, unfortunately.
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Valued Member
Canada
125 Posts |
Not to hijack a thread, but for a very new collector like me, what is it meant to be when you say "restrike"?
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Pillar of the Community
United States
574 Posts |
Quote:
Not to hijack a thread, but for a very new collector like me, what is it meant to be when you say "restrike"? "Restrike" refers to the gov't officially striking new coins. In this particular case, Austria continuously strikes new 1915-dated single and 4 Ducat coins, as well as an 1892-dated 20 franc coin and a 1915-dated 100 Corona coin. |
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Pillar of the Community
United States
2637 Posts |
Quote:
a rare gold coin with less purity Bullion coins are not rare, and commonly are found in high grade, but have no numismatic value. |
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Bedrock of the Community
United States
36839 Posts |
I usually buy which ever is priced closest to melt value. Gold is gold.
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Pillar of the Community
United States
533 Posts |
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Replies: 8 / Views: 2,374 |
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Posted 04/24/2020 09:07 am
