It's dropped 50% in value in three years, so I personally wouldn't be in a great hurry to get one.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
As I recall, these "coins" avoided the "copy" tag because they are not exact duplicates. In particular, each has a struck on date on the reverse, so it's not a copy of the real item.
At the time these were created, there were many of us who were saddened by the loss of the (old) gold ingots that were sacrificed to make these items. Even though the faces of the ingots were shaved off and saved, nonetheless it was sad to see them melted. I understand that the market was saturated so that it apparently was not possible to sell the ingots. But I would have hoped that the sellers would have been willing to hold onto the ingots and sell them over a period of years. However, it was not to be...sigh....
I don't think I would call it "rare", I believe they made some 5,000 of them. I catagorize it as a Novelty slab, not a Production slab. I need one for my reference set but I'm not going to buy one unless I can get it just over melt. Even then, the idea of buying two and a half oz of gold just to get the holder doesn't please me.
Comments
<< <i>Is it just me or does that coin look odd? >>
Hereit is if your interested in info on the coin.
Proof 70 CAM Restrike circa TODAY !
worth melt plus 5 bucks !
Collecting Morgans in Any Grade
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
K S
Read the book !
"Ship of gold in the deep blue sea" very cool !
Specializing in 1854 and 1855 large FE patterns
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and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
Cameron Kiefer
K S
As I recall, these "coins" avoided the "copy" tag because they are not exact duplicates. In particular, each has a struck on date on the reverse, so it's not a copy of the real item.
At the time these were created, there were many of us who were saddened by the loss of the (old) gold ingots that were sacrificed to make these items. Even though the faces of the ingots were shaved off and saved, nonetheless it was sad to see them melted. I understand that the market was saturated so that it apparently was not possible to sell the ingots. But I would have hoped that the sellers would have been willing to hold onto the ingots and sell them over a period of years. However, it was not to be...sigh....
Mark
Specializing in 1854 and 1855 large FE patterns
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ok, ingot doctoring....
K S