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 Replies: 15 / Views: 47,180 |
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New Member
United States
2 Posts |
I see those Franklin Mint type companies as junk coins, but now have to do some estate work. So here's a Presidential coin they charged $40. for and I can't understand to COA
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Pillar of the Community
United States
3294 Posts |
It means it is worth a heck of a lot less then $40.
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New Member
 United States
2 Posts |
no, really, I have to prove it's crap.....I need a real definition
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Pillar of the Community
United States
1391 Posts |
It means it is a copper round with a thin layer of gold.
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Bedrock of the Community
United States
12437 Posts |
Cu= copper, covered with a thin(read:worthless) electroplating of gold
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Moderator
 United States
23522 Posts |
Keep in mind, gold is about the most malleable metal there is. I've done some gold leaf work; the gold leaf I worked with was so thin, so fine, that the only way to handle it was with the very finest, softest camel-hair brushes. You cannot pick the stuff up with your fingers; it shreds. Even today, with gold at $1800, the "standard" booklet of just over 1-1/2sq.ft. of gold leaf is only about $35. I paid about $10 each for them back when I was doing it.
You can easily cover 100 square feet with one ounce of gold.
And when you're electroplating, one molecule at a time, the amount of gold needed to cover a coin is infinitesimal. It would require the most advanced of measuring equipment to weigh it. They probably only needed that one ounce of gold to plate the entire mintage.
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Pillar of the Community
United States
3294 Posts |
What it means is that "coin" is worth whatever its weight in copper.
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Rest in Peace
United States
7075 Posts |
Shop around on ebay and see if any are for sale. That might give you an idea about its value. Just because the metal isn't worth much doesn't mean that the coin is worthless. People used to spend all kinds of money on beanie babies. |
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Rest in Peace
United States
7075 Posts |
Okay, I was curious so I went shopping for you. I found a bunch of Franklin Mint stuff for sale -- you'll have to go and check for your specific round. Some complete sets are silver and pricey but most of the items for sale were single coins for $5.95.
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Pillar of the Community
United States
968 Posts |
I think those coins are advertised as being clad in 10 milligrams of 24 karat gold like it is a real investment. If I remember correctly that is less than $2 worth of gold.
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Pillar of the Community
United States
3294 Posts |
$0.58 of gold with gold at $1800/toz to be exact.
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Bedrock of the Community
United States
20753 Posts |
The Franklin Mint and many others just love to make those statements. Most people have no idea just how little Gold is on one of their products. They hear that advertisement of GOLD and think it's worth a fortune. Just smart, not true, advertising.
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Pillar of the Community
United States
511 Posts |
Sounds like gold-plated garbage designed to sell to the ignorant and easily duped.
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Pillar of the Community
Australia
7096 Posts |
Its silver plated copper. A while back ppl that got caught for this were hung for coining.  They should bring that back in  |
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Pillar of the Community
Australia
7096 Posts |
Sorry gold plated copper. But I still think the jerks should be hung from the gibbet  |
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Pillar of the Community
United States
764 Posts |
COA = certifying the "coin" is authentic junk. :P
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Replies: 15 / Views: 47,180 |
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Posted 08/24/2011 12:11 pm
