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Imagine buying food or gas with this coin

1madman1madman Posts: 1,522 ✭✭✭✭✭
in U.S. Coin Forum

https://www.ebay.com/itm/125548531079?hash=item1d3b468d87:g:GdsAAOSw061jPgMy

There are definitely some interesting “coins” being made in recent years. Will the US Mint follow suit?

Comments

  • privatecoinprivatecoin Posts: 3,508 ✭✭✭✭✭

    Wouldn't be surprised......

    Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc

  • dunkleosteus430dunkleosteus430 Posts: 476 ✭✭✭✭

    How is it made? Lots of these special coins made by island nations seem more like bars/ingots than actual coins.

    Young Numismatist

  • LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭
    edited October 5, 2022 3:02PM

    a lot of card collectables are experiencing excessive (to me) stuff like this. if any of you watch MTG on rudy's channel, the comments about WOTC just puking product out at a record pace and wonder why prices collapse. i've loosely watched sports cards do it as well and after i got out LONG ago and watched it slowly collapse under the incalculable amount of stuff the put out, i legit thought it would never recover and it did take a LONG time but when it did come back, it came back with a vengeance.

    any of you see some of the 4 and 5 figure prices for very modern cards? (seems to be a grading craze too) anyone watching pokemon/yu gi oh, the stuff they are printing is just on a rocketship of color, pizzaz, foil, hybrids etc etc etc. i'm impressed people keep up with various cards as well as they do as much new stuff is made as is.

    the mint does it as well, here and abroad. i found myself looking over the catalog of various coins post-2010 (random date) and tried to get a grasp on it and it made my head spin a bit and that is w/o the label madness. (no offense to those that enjoy/collect) i'm just stating some observations, not opinions about good or bad despite the vernacular.

    does one think it is a bit disgraceful since stuff like in the OP is being made as technically legal tender but whom on earth on a day-to-day would actually spend stuff like that and whom on earth but a small niche would be able to accept it, let alone authenticate. (didn't "china" get out fake morgan/peace 2021/2022 BEFORE the mint?)

    ride the horse til she bucks ya.

    for those that enjoy comedy surrounding collectables being churned out on the brrrrrrr machine, check out BBT, s5ep10.

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

  • WeissWeiss Posts: 9,942 ✭✭✭✭✭
    edited October 5, 2022 3:24PM

    Those interested might get a kick out of the New Zeland mint. They are a private mint, producing coins for various countries around the world in some of the most outrageous designs.

    https://www.nzmint.com/collections/latest-releases

    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • silverpopsilverpop Posts: 6,698 ✭✭✭✭✭

    another way to part suckers with the cash and this idea works well as many buy these things thinking one day it will be worth more then what they paid

    shut up or put up i care little

  • SapyxSapyx Posts: 2,261 ✭✭✭✭✭

    @dunkleosteus430 said:
    How is it made? Lots of these special coins made by island nations seem more like bars/ingots than actual coins.

    It should perhaps be clarified: the "small island nations" don't "make" these. The marketing departments of the mint corporations in Western countries dream them up, then they go and find some remote, cash-strapped nation to rubber-stamp their "legal tender status" as a "coin". Some of these mints have blanket arrangements with those flag-of-convenience countries, so in most cases, nobody actually in those countries is aware of the existence of the "coins" made in their name. The countries are lucky if they ever see even a tiny percentage of the profits from sale of these "coins".

    The less-than-scrupulous mints make "coins" in the name of countries suffering from war, or general anarchy, on the theory that is would be impossible to find a legitimate government authority to verify or reject their claims of legal tender status. Somalia and Liberia have long been favourites there. Here in Australia, a private "mint" made and mass-marketed coins in the name of Nauru, on the theory that Nauru was so small and isolated, nobody would ever bother actually checking to verify the legal tender status. I checked, and got a nice e-mail from the Finance Minister of Nauru in response. Hint: the Nauru government has never issued a single legal tender coin.

    Waste no more time arguing what a good man should be. Be one.
    Roman emperor Marcus Aurelius, "Meditations"

    Apparently I have been awarded one DPOTD. B)
  • 1madman1madman Posts: 1,522 ✭✭✭✭✭

    First thing I thought of when I saw the King Tut coin was the US Mint making action figure style “coins” of our presidents. Then I saw this in Weiss’ post from New Zealand.

    https://youtu.be/hxIuqjjrXPs

  • SmudgeSmudge Posts: 9,604 ✭✭✭✭✭

    Probably be more a matter of bartering it at melt than actually spending it.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I like the design and weight, but the price is way out of line. After all, it is gold plated bullion. Cheers, RickO

  • LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭

    @Weiss said:
    Those interested might get a kick out of the New Zeland mint. They are a private mint, producing coins for various countries around the world in some of the most outrageous designs.

    https://www.nzmint.com/collections/latest-releases

    not that anyone asked but for my opinion, the world can make all the stuff like that it wants, i just hope it isn't introduced into the system under the guise of legal tender.

    after going out into the world to buy stuff today for personal and resell, i can absolutely confirm, there is NO shortage of crap out there for us to buy and clutter our homes up with!

    at the same time, i do like the antique-y stuff, even if it is a bit cluttery.

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

  • FrankHFrankH Posts: 982 ✭✭✭✭✭

    The gas would proabably be dispensed in clay amphorae. ;)

  • MWallaceMWallace Posts: 4,211 ✭✭✭✭✭

    Gimmicky. Unfortunately gimmicks have become the norm in numismatics. "Coins", "Currency", Slab labels, etc.

    http://www.SmallDollars.com
  • jmlanzafjmlanzaf Posts: 35,224 ✭✭✭✭✭

    https://www.ebay.com/itm/175352338399?mkcid=16&mkevt=1&mkrid=711-127632-2357-0&ssspo=Ufo_iFArQr-&sssrc=2349624&ssuid=I7BWTu72SVS&var=&widget_ver=artemis&media=COPY

  • fathomfathom Posts: 1,776 ✭✭✭✭✭

    Makes you wonder when that manufactured collectible bubble will burst in modern cards and this contemporary precious metal doodad marketplace.

    And burst it will.

  • Glen2022Glen2022 Posts: 948 ✭✭✭✭

    @Weiss said:
    Those interested might get a kick out of the New Zeland mint. They are a private mint, producing coins for various countries around the world in some of the most outrageous designs.

    https://www.nzmint.com/collections/latest-releases

    I looked at some of the offerings.

    1. How is this mint able to offer Disney or similar items? Licensed and authorized? Unauthorized and illegal?
    2. It seems that many items are silver 1 - 3 OZ. Didn't US Mint have trouble getting silver for some of its programs?
    3. Personally, I think its a gimmick, but there is a market for almost anything. As many have said, if you like it, buy it.

    My $.02. (for what its worth).

  • jmlanzafjmlanzaf Posts: 35,224 ✭✭✭✭✭

    @Glen2022 said:

    @Weiss said:
    Those interested might get a kick out of the New Zeland mint. They are a private mint, producing coins for various countries around the world in some of the most outrageous designs.

    https://www.nzmint.com/collections/latest-releases

    I looked at some of the offerings.

    1. How is this mint able to offer Disney or similar items? Licensed and authorized? Unauthorized and illegal?
    2. It seems that many items are silver 1 - 3 OZ. Didn't US Mint have trouble getting silver for some of its programs?
    3. Personally, I think its a gimmick, but there is a market for almost anything. As many have said, if you like it, buy it.

    My $.02. (for what its worth).

    1. They usually license it. Many countries have licensed Disney (and other) studio assets for coin as well as stamp programs.
    2. The U.S. Mint mints millions of ounces of silver eagles, among other things. The mintages on a lot of these NCLT offerings from other countries are often 10,000 or less, often much less.
    3. It is definitely a gimmick. But they are fun and I applaud the creativity. Two of my favorite "numismatic items" from the last 5 years:

    https://www.ebay.com/itm/174723754419?hash=item28ae58e9b3:g:uYgAAOSwJclgbkoj&amp;amdata=enc:AQAHAAAA4N/Z7a88eYdijCKkNLQNsgsTZVCNjbVI9+qYlXwQRiQyPjriFkaYcnAIWfHe4agSiyxDMCqQA6gZf2XvtaxGkcBXqHjf3VtzS6XPPiwDYkwKfLAUxAye/1IReBsQyBj0X4HGoSr4PGuObaX4Vmx5xKLy3l0RIRJv1x0KSOcaJKk5K37gXSIYEo4CYmsDdcMbmyCkCN5jguuhMmZqSZNAIAW+MF3A8V6qd4PQ2BRYOh2O+snhWGXZO7SElIVVugaErRNbU4FDmF/0JVjuZ9KOFaOQ7eN2xRzy/l5cQWfjGgWp|tkp:BFBMvKnOr_Zg

    And...

    https://www.ebay.com/itm/353153062386?hash=item52399015f2:g:Rl0AAOSw-yNfwDS2&amp;amdata=enc:AQAHAAAA4KwrS6fJbMRKV6hOMN8PjlL5Oa2DIof02gjiguqO2Py3zk8fQCejA7m9oipxfh+iVwOs1NpE9TDKwKdaLTLLzX4C/dmIgrcUMNS5Qh8MTqtfJKKqeaY4vAa4g6Wb013GE6y7xK3gsPt7/iKpNhn1A6zTUBiIDrlPWGn+tJs6k3XkM9Dd+nxbCOwGPgLF3eZv1zJOSl48Ov+1JfSLFQeq/t8ynXOxpmkbY54UWnjnxTAyzNjVFApEU7YIVrQ/zKd67u6sPALu4MmEBL9A+2+gjnXDdkkHDoRZDllVR0XtZhwp|tkp:Bk9SR_To0q_2YA

  • WeissWeiss Posts: 9,942 ✭✭✭✭✭

    Saw the Pez dispenser and LOL'd, @jmlanzaf . And I'm guilty of having the original Coca Cola bottle cap coin.

    Yep, nobody would want to bring down the wrath of Disney or Marvel for the sake of selling a thousand Little Mermaid coins. These are legit operations selling legit licensed "coins". It's fun to see just how outrageous they are. And maybe these act like seeds to bring otherwise non-collectors into more serious numismatics.

    They're generally not something I'd ever buy. But never say never. People buy Funko Pop characters, T-shirts, and static stickers for their car windows. Maybe it's better to blow your money on an actual chunk of silver instead?

    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • jmlanzafjmlanzaf Posts: 35,224 ✭✭✭✭✭

    @Weiss said:
    Saw the Pez dispenser and LOL'd, @jmlanzaf . And I'm guilty of having the original Coca Cola bottle cap coin.

    Yep, nobody would want to bring down the wrath of Disney or Marvel for the sake of selling a thousand Little Mermaid coins. These are legit operations selling legit licensed "coins". It's fun to see just how outrageous they are. And maybe these act like seeds to bring otherwise non-collectors into more serious numismatics.

    They're generally not something I'd ever buy. But never say never. People buy Funko Pop characters, T-shirts, and static stickers for their car windows. Maybe it's better to blow your money on an actual chunk of silver instead?

    I still laugh every time I see my Fiji coins. One of my favorite items. It's brought me real joy. So what if it's not a "classic". It was just SO FUN for me!!!

    I felt the same way with the PEZ dispenser. Yes, it's NOT a $4 Stella. But it makes me smile and that has value.

    It's supposed to be fun, right?

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