This is likely the first ever coin minted in 24% gold.
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All of them, if melted, would contain exactly 1/10 ounce of 100% pure gold.
", nearly everyone would choose the latter.
For coins+Jewelry If you bought it on eBay, ask the seller for a refund even if they do not accept refunds or say it is too late (unless they stated that it had less than 1/10 ounce of gold, it was 'significantly not as described' since the image incorrectly claims to be 1/10 ounce of gold). Posted: 14-Feb-2019, 10:46AM
In 1980, South Africa introduced fractional gold coins, which state "1/10 OZ FINE GOLD".
So the next question is "Why did they choose to make these out of 24% gold rather than a simpler 25%?" People buy bullion coins primarily for the gold content.
Finally, what possible reason could a country or company have, other than profit motive, to go to such great pains to make a coin that is so similar to a real 1/10 gold coin but with only 24% of the gold needed for it to be a real coin?
This is a made-up "centessimal fineness".
Posted: 19-Feb-2019, 05:45AM
If they do not refund your money, dispute it with eBay. Posted: 13-Feb-2019, 09:42AM Posted: 18-Feb-2019, 06:46PM Posted: 13-Feb-2019, 09:42AM The obvious answer for why the removed the trailing zero is that people would see ".240 pure gold" or "240 pure gold" and have no clue what the product was.
2020 Statue of Liberty $5 Coin • struck in Solid .24 Pure Gold. I had someone with an XRF machine confirm that these are 24% gold (5.76 karat, or .240 pure).
If you want to sell these, here are some pointers: As I write this, ncmint.com is selling 1/10oz gold Eagle coin for $189 (with spot at $1,332.40), or a markup of about 42% over the gold content.
Posted: 15-Feb-2019, 01:27AM Posted: 18-Feb-2019, 06:46PM
I also collect stamps and have an abiding interest in History, Archaeology, and Social Issues.
Next, we ask "Why did they choose to mark it as '.24' rather than '240' or '.240'? I also worship the musical god Prince.
I also worship the musical god Prince. Posted: 15-Feb-2019, 01:27AM Posted: 14-Feb-2019, 07:47PM They limit you to ordering a maximum of 5 (it's unclear if that is to fool people into thinking it is a loss leader, or if it is to help ensure that people don't order enough to make it worthwhile to sue them).
Other gold coins (such as Krugerrands and U.S. Eagles) are made from .9167 fine gold (22 karat), where 91.67% of the metal is gold, with the rest consisting of other metals (such as copper and silver). The National Collectors mint was also famous for the 2004 Tower coins that contained about 1% gold and advertised themselves as a pure gold coin.I love coins, both old and precious and also change coins. These coins weigh slightly more than the stated weight, so that they contain at least the full amount of gold stated.
For coins+Jewelry
Posted: 11-Feb-2019, 11:59PM
Posted: 19-Feb-2019, 05:45AM Posted: 14-Feb-2019, 01:54AM While silver coins from mints such as the United States Mint and Royal Canadian Mint are well-known commodities around the globe, there are other silver coins that are highly prized by investors and collectors, but not known to the entirety of the numismatic world on the level of major silver bullion coin programs. It is clear that these coins were designed to fool people into believing that they contain 1/10 ounce pure gold, but they do not. Similarly, they weigh .109 troy ounces, and since the gold is .9167 fine, they contain a full .100 (1/10) troy ounce of gold. But newbies see ".24 pure gold", and they think "24 karat pure gold". Traducteur catalogue : n'hésitez pas à me demander de traduire une fiche. So a COA for a bullion coin that states the weight as anything less than the actual precious metal content is intentionally deceptive.
Posted: 14-Feb-2019, 01:54AM
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