American Arts Commemoratives
Zoins
Posts: 34,113 ✭✭✭✭✭
Why were these created and who chose the subject matter?
Does anyone collect these?
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Zoins
Posts: 34,113 ✭✭✭✭✭
Zoins
Posts: 34,113 ✭✭✭✭✭
Zoins
Posts: 34,113 ✭✭✭✭✭
Zoins
Posts: 34,113 ✭✭✭✭✭
Why were these created and who chose the subject matter?
Does anyone collect these?
Comments
They were a way to buy gold from the US Government that was guaranteed as to weight and fineness. They were dropped when the issuance of commemorative gold coins resumed.
Little is said about them anymore. I also wonder how many people actually collect them.
Commemorative gold or American Gold Eagle bullion?
I would collect them because I want to collect everything including lost kittens. I do like them, but I must stay with my now finished ATB set. (thank you, it's over!) I do like most of them.
I thought these were supposed to be in response to world bullion demand.
I was just looking at these a month or so ago. They are pretty neat
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CoinsAreFun Toned Silver Eagle Proof Album
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
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More CoinsAreFun Pictorials NGC
They are treated as bullion since they are not coins. They are gold rounds.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
They were the predecessor to the American Gold Eagle series. Many of them have since been melted.
background and history
method of sales and distribution
mintage and sales figures Link to individual coins on the right.
My fave is the Louis Armstrong.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
PCGS certifies them and they are in pop report under us mint medals.
I remember buying the Grant Wood and Willa Cather when issued, maybe others but 40 years ago is a long time. They seemed like a good option for stacking at the time. Sold them at melt on one of the bullion run-ups.
it's crackers to slip a rozzer the dropsy in snide
Weren’t they made to complete with Krugerrands?
Indirectly, I think.
Didn't the post office sell them?
Not sure, I think so.
As I recall from the times, they were created because so many U.S. Dollars were leaving the U.S. to buy Krugerrands and Maple Leafs they were causing a noticeable bump in the balance of trade deficit. In other words, “Buy American.”
They were medals rather than coins because the U.S.Treasury still had a hard on against gold coins. This doomed them.
Owned many over the decades, but always sold and bought at melt. Just a way to hold gold at the time and of course to sell gold when money was needed.
bob
I bought some of these from my bank at the time and some directly from the Mint.
Agree with all the above.
I would think that their day in the spotlight might eventually come. They were modern official gold bullion before the US relented and issued bullion coins with denominations.
Treasury bars have value to collectors as do those bullion rounds made for Saudi Arabia. Why not these?
They're slightly historic because, even though they aren't legal tender, they led directly to the gold eagle bullion coin program starting in 1986.
Those are nice. Very balanced eye appeal.
I bought a few the first year they were issued but quickly lost interest as gold prices dropped and collector interest dropped with it. They were sold for melt long ago. No regrets at having done so.
I never could understand why they didn't put the weight and fineness on them
Some (not all) do have the weight, based on the pics. But no fineness.
I bought this one in 1981 for $340.
American Arts Commemorative Series one oz. gold medal - Mark Twain 1981
The medal came in a small black box with a green Certificate of Authenticity.
To purchase the medal, I had to telephone a special number to get the price, then purchase a US postal money order, and mail it the same day.
Much more recently I bought a John Steinbeck 1984 medal.
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television
Great pick up! Great return on that medal!
I still treasure my 1oz old 2006 American Gold Buffalo which I bought for about $600.
I know that a couple did. But if you wanted this to be accepted as a bullion coin, that should have been automatic on all of them
So maybe they weren't meant to be just bullion?
Dennis Tucker did a book about them.
They were allegedly, see earlier posts, created to compete with Kruggerands and other foreign gold.
But then wouldn’t they have the fineness and weight as you said was necessary?
These did not appeal to me, however, when the AGE's came out, I was hooked. Collected them all up until around 2009 or so.... plus Britannia's and a few others. Cheers, RickO
https://americanartsgoldmedallions.com/
It's not necessary, but desirable. And, as I said, they should have. But they didn't.