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 Replies: 23 / Views: 12,110 |
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New Member
United States
3 Posts |
Someone showed me a picture of a coin (16% Gold, approx 75% silver) that has on the obverse One Million Dollars written along the top semi-circle and 1000000 on the bottom. It has a picture of George Washington in it, but one without the pony tail. On the reverse, it has the United States of America on top and 1923 on the bottom, with an eagle similar to that of the Gold Eagle coins. However, this eagle has its mouth open, its wings hanging low, and the union shield is smaller in appearance.
This person also showed me a picture of a One Million Pounds coin that looked very similar in color and font to the million dollar coin. She thinks that these coins may have been produced by either the U.S. Mint or another mint to be used to trade internationally between banks (as opposed to everyday circulating use).
Has anyone seen or heard about coins that reflect that denomination or used in the past for that purpose?
*** Moved by Staff to a more appropriate forum. ***
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Valued Member
United States
85 Posts |
The only Million dollar coin I'm aware of is from Canada, and comes in just under 1/2 million pounds. It's certainly not used for transfer, and based on the composition percentages you stated, unless said coin is the size of a small building I don't see how it could be valued at 1 million dollars, even at today's gold and silver prices. http://uk.reuters.com/article/2007/...796820070503At anyrate, if your friend is interested I have some Ocean view property out in Arizona I'm looking to unload if she/he is interested. |
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Bedrock of the Community
United States
12437 Posts |
Quote:
She thinks that these coins may have been produced by either the U.S. Mint or another mint to be used to trade internationally between banks (as opposed to everyday circulating use).
And she would be completely wrong. The US has never minted a coin with a face value higher than $100(1oz Platinum Eagle) and no currency with a face value higher than $100,000(1934 Gold Certificate, only used for transactions between Fed Banks and none ever in public hands). Since such a creature has never existed, I would question the supposed precious metal content as well. |
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New Member
 United States
3 Posts |
What you both say makes a lot of sense. I tried to post the photos of the obverse and reverse, but they are too large. If anyone wants to see them, tehy can email me at ***Email removed by Staff*** and I can show you photos of the photos, for whatever good that does.
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Pillar of the Community
United States
642 Posts |
Maybe it's a precursor to Zimbabwe style inflation?  Zimbabwe had a value higher than the US$ in the 80s. When they were done printing they were printed 100Trillion Notes. (thats 100,000,000,000,000.00) Search ebay for '100 trillion Zimbabwe' They are 100% real! and they bought about 3 eggs before the government finally called it quits in 2007, or 2008. Edited by rjkingston
04/11/2011 6:20 pm
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Moderator
 Australia
16826 Posts |
Quote:
She thinks that these coins may have been produced by either the U.S. Mint or another mint to be used to trade internationally between banks (as opposed to everyday circulating use). There have been banknotes (paper money) that have been produced with very high face values, for use by banks before electronic fund transfers were invented. But they've never used coins. The United States has never issued either coin or note with a denomination as high as $1m. However, the Bank of England has issued million pound banknotes and even some 100 million pound notes for this purpose, which are still being held by the banks they were issued to. 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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New Member
Uzbekistan
1 Posts |
Quote:
Someone showed me a picture of a coin (16% Gold, approx 75% silver) that has on the obverse One Million Dollars written along the top semi-circle and 1000000 on the bottom. It has a picture of George Washington in it, but one without the pony tail. On the reverse, it has the United States of America on top and 1923 on the bottom, with an eagle similar to that of the Gold Eagle coins. However, this eagle has its mouth open, its wings hanging low, and the union shield is smaller in appearance.
This person also showed me a picture of a One Million Pounds coin that looked very similar in color and font to the million dollar coin. She thinks that these coins may have been produced by either the U.S. Mint or another mint to be used to trade internationally between banks (as opposed to everyday circulating use).
Has anyone seen or heard about coins that reflect that denomination or used in the past for that purpose? Hi everyone, yesterday one person showed me exactly the same coin:   he said it was produced in Hong Kong and costs 8 mln usd *shocked*, but I cannot seem to find any information about it... So the question is has anyone faced with such a coin or does anybody know anything about it? Thanks. Edited by awesome
06/07/2011 01:25 am
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Bedrock of the Community
United States
20753 Posts |
Regardless of what anyone says, the true test would be to try and spend it. For example go to a place like Best Buy and try to buy a real lot of large TV sets and use that coin. You would either get thrown out or end up with a truck load of TV sets. Better yet take it to an auto dealership. Try buying a bunch of cars with it just to get even with those sales people with all their phony stories.  Edited by just carl
06/07/2011 08:33 am
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Valued Member
United States
301 Posts |
220 pound, 24K pure Gold coin. Face value: 1,000,000 Canadian Dollars  |
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Bedrock of the Community
United States
17884 Posts |
Quote:
Regardless of what anyone says, the true test would be to try and spend it. For example go to a place like Best Buy and try to buy a real lot of large TV sets and use that coin. You would either get thrown out or end up with a truck load of TV sets. A woman tried that with one of those million dollar notes. Got arrested and charged with attempted fraud. |
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New Member
United States
1 Posts |
The coin is real, however the actual value is from a account number which was printed on the coin, the coin is not worth a million dollars however the account had 1 million in it in 1923. If you own the coin you own the account plus interest. ( substancial monies) .The problem is you have to find the bank with the account ie deutche bank and they have to tell you what lighting and angle to read the number..Once the account is located someone has to have an account with the bank to get it read.
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Bedrock of the Community
United States
12437 Posts |
LOL, if you really believe that this non-existant "gold coin" is linked to some bank account with millions of dollar in it, I have a great business deal for you in Nigeria   Edited by biokemist6
09/09/2011 4:10 pm
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Pillar of the Community
United States
4989 Posts |
GB2002 - ROFL hilarious I hope that was a joke. Coin is worthless probably some novelty piece minted in China. Obviously, it isn't some key to a secret bank account |
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Valued Member
United States
304 Posts |
However, the PIN number for the bank account is written on the back of the original US Constitution in ultraviolet ink.
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Pillar of the Community
United Kingdom
2838 Posts |
I would like to offer for sale some magic beans - This thread seems the perfect place, PM me if interested.
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Bedrock of the Community
United States
17884 Posts |
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Regardless of what anyone says, the true test would be to try and spend it. And what would that prove? About six years ago there were two cases of someone in Kentucky being able to successfully spend a two hundred dollar bill with George W Bush's portrait on it. They spent them and got away with it, but that doesn't make the notes real money. |
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Replies: 23 / Views: 12,110 |
Posted 04/11/2011 1:34 pm
