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RE: Sold 1/10th of a Bitcoin @ 2,750 - Bought ALL These Shiny Metals
Those round things are not real coins but contemporary medals and the one with Indian head is not from 1929 for sure - the image was copied from gold $5 coin, so called Indian Head half Eagle:
Real coins trade at premium as usually they have also numismatic value while modern "investment" medals have silver scrap value only.
I have two gold coins that are 2 1/2 dollar Indian heads from 1911 and 1913. They are some of the favorite coins in my coin collection, like a bitcoin they go up in value regardless of what the price of gold is doing because of demand from other collectors. But these days this seems like there's less and less gold coin collectors and people that are more interested in digital currency. Is there a digital currency that's a back by real physical gold and silver? @briandenver
2.5$ indian head coins from early 1900s sound really cool to have in a collection.
How much gold is in those coins?
$20 => 0.96 troy oz. or 30.0926 grams of pure gold so $2,50 = 3.761575 grams of pure gold.
Oh i know, those round ones are simply 1oz bullion coins. I payed melt spot plus %, came out to $17/oz on the silver.
I do like the designs tho. Got some christmas ones and such, good fun for an investment.
I also collect Morgan Dollars which are real silver coins typically 25% premium over melt spot prices.
Damn, so you really think that one isnt from 1929?
I figured that was the stamp date for the bullion coin... all the others have stamp dates too but 1980 and beyond.
Yup, your right. The 1929 is just a special date for this minting company and the put it on one of there stamp templates.
That is dissapointing :(
I always somewhat wanted an old bullion token... i have old morgans from the 1890+ but a bullion piece would be cool. I would think bullion would have been melted down somepoint within the 100 yrs
They did not make bullion "coins" in those times - there was no point because gold & silver circulated. I mean there were some traditional coins being minted (which did not fit into normal circulating coinage) but in those times all gold coins were priced at bullion value so all of them were sort of bullion :-)
This is definitely modern stuff - the date doesn't have anything to do with real production year.