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1/25 oz Gold Coin From The US Mint another Believe It Or Not...

ScarsdaleCoinScarsdaleCoin Posts: 5,295 ✭✭✭✭✭
in U.S. Coin Forum
From Jon's Believe It Or Not file.....

The US Mint is doing market research on the possiblity of introducing a 1/25 oz AGE

scary isnt it?
Jon Lerner - Scarsdale Coin - www.CoinHelp.com

Comments

  • HyperionHyperion Posts: 7,440 ✭✭✭
    why not ? if it allow entry for people without deep pockets I say go for it. it will become jewelry for little girls all over the country, back to the old days !!!
    My Ebay (None)
  • DNADaveDNADave Posts: 7,299 ✭✭✭✭✭
    The 1/10 oz is a Five Dollar coin.

    So 1/25 is a two dollar coin, right?
  • ScarsdaleCoinScarsdaleCoin Posts: 5,295 ✭✭✭✭✭
    maybe $2 or maybe they would be better off calling it a $1
    Jon Lerner - Scarsdale Coin - www.CoinHelp.com
  • TwincamTwincam Posts: 814 ✭✭


    << <i>maybe $2 or maybe they would be better off calling it a $1 >>



    or a tie tack...image
    Dave
    COMPLETE KENNEDY VARIETY SET, CIRCULATION STRIKES AND PROOFS
    1964 MINT SET


    image
  • BigEBigE Posts: 6,949 ✭✭✭
    Maybe each one will be good for mailing an express mail package, just like the 3 centers were (pony express that is)image------------BigE
    I'm glad I am a Tree
  • ABC123ABC123 Posts: 2,627
    Can a 2 oz. coin, also be on the horizon ?
  • flaminioflaminio Posts: 5,664 ✭✭✭
    Return of the gold dollar? I'd hit it...
  • RichieURichRichieURich Posts: 8,523 ✭✭✭✭✭


    << <i>Return of the gold dollar? I'd hit it... >>



    At 1/25 of an ounce, you'd hit it if you could see it. BTW, don't sneeze or you'll lose the coin.

    An authorized PCGS dealer, and a contributor to the Red Book.

  • PerryHallPerryHall Posts: 46,612 ✭✭✭✭✭
    The original gold dollar was about 1/20 of an ounce so this coin would be slightly smaller than the gold dollar. Aren't there other foreign gold coins out there that are this size such as the Chinese Panda? I think they would appeal primarily to the jewelry trade.

    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

  • CladiatorCladiator Posts: 18,160 ✭✭✭✭✭
    Small coins are cool.
  • CaptHenwayCaptHenway Posts: 32,554 ✭✭✭✭✭


    << <i>Can a 2 oz. coin, also be on the horizon ? >>



    I could sell a hell of a lot more 2 ounce gold eagles than I could 1/25 ounce gold eagles.
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • HyperionHyperion Posts: 7,440 ✭✭✭


    << <i>The original gold dollar was about 1/20 of an ounce so this coin would be slightly smaller than the gold dollar. Aren't there other foreign gold coins out there that are this size such as the Chinese Panda? I think they would appeal primarily to the jewelry trade. >>



    correct, I have an older 1/20 plat panda... NEAT COIN in it's little holder.
    My Ebay (None)
  • XpipedreamRXpipedreamR Posts: 8,059 ✭✭
    Just don't sneeze when you're looking at your new set of 1/25 ouncers...spotting will be the least of your worries image
  • PerryHallPerryHall Posts: 46,612 ✭✭✭✭✭
    These coins would be huge compared to some of the California 1/4 dollar fractional gold coins issued during the gold rush.

    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

  • BobGreeneBobGreene Posts: 952 ✭
    They're also doing research on the possiblity of putting the buffalo design on the different sizes of gold bullion coinage.
    Bob
  • CladiatorCladiator Posts: 18,160 ✭✭✭✭✭


    << <i>Just don't sneeze when you're looking at your new set of 1/25 ouncers...spotting will be the least of your worries image >>

    I'm sure they won't be a whole lot smaller than my half dimes. Haven't had a problem with sneezing around them yet.
  • robertprrobertpr Posts: 6,862 ✭✭✭
    Hey who cares if you destroy the market, make money now, right?
  • Conder101Conder101 Posts: 10,536 ✭


    << <i>I'm sure they won't be a whole lot smaller than my half dimes. Haven't had a problem with sneezing around them yet. >>


    I don't know. They should be about 5 - 7% smaller in diameter and about 10% lighter
  • trozautrozau Posts: 3,455 ✭✭✭
    They are just positioning themselves for when gold shoots up. The smaller size will still be affordable to most people. image
    trozau (troy ounce gold)
  • LALASD4LALASD4 Posts: 3,602 ✭✭✭
    They should start producing a gold coin for circulation instead, it could make more money with that idea.image
    Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent.
    San Diego, CA


    image
  • TheNumishTheNumish Posts: 1,628 ✭✭
    The mint does market reasearch?
  • drjulesdrjules Posts: 1,683
    Smaller the coin, bigger the profit margin?

    Dr J
    Place holder for when I move some stuff via ebay, don't look just yet

    My omnicoin collection (or how my coin photography has progressed)
  • MrKelsoMrKelso Posts: 2,912 ✭✭✭
    An Excellent Move on the US Mints part if it happens. This will put Gold where it belongs, Back into the Hands of the American People And cause Savings and True Wealth build up for American Families that can't go out and buy an oz at a time. In fact they should make it a yearly plan with no limits at a fair price so every one can buy Gold when ever they want to as a form of savings so Americans can diversify away from the fiat system that we are stuck in today.
    1/25th is a great way to start.


    "The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
  • onthespotonthespot Posts: 165 ✭
    hear hear, kelso, i would be one of "those people" and i would buy it.
  • GoldenEyeNumismaticsGoldenEyeNumismatics Posts: 13,187 ✭✭✭
    1/25 oz gets VERY small
  • MrKelsoMrKelso Posts: 2,912 ✭✭✭
    But over time 1/25 can be built up into a mountain of savings over the long haul and not missed from the family budget.
    image


    "The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭
    That's called "gold dust," right?
  • coinman420coinman420 Posts: 4,666 ✭
    i have 1 1/10 oz. AGE and its small. i used to have a coin from russia, 1 kopettke or something like that and it was half the size of the 1/10. when i say i used to have it its because i can`t find itimage i know i didn`t sell it or give it away so i lost it!!! too damn small. this was before slabs and mylar flips. if i had put it in a cardboard flip i would still have it.
    my ebay items BST transactions/swaps/giveaways with: Tiny, raycyca,mrpaseo, Dollar2007,Whatafind, Boom, packers88, DBSTrader2, 19Lyds, Mar327, pontiacinf, ElmerFusterpuck.
  • CaptHenwayCaptHenway Posts: 32,554 ✭✭✭✭✭
    The problem with tiny coins is that the manufacturing and distribution adds a proportionately huge markup to the coin. At the coin store we can buy one ounce gold eagles by the roll from an official Mint distributor for 3.75% over melt. We pay 11% over melt for the 1/10th ounce gold eagles.

    Because they are usually purchased in very small quantities, 2 or 3 pieces at a time, we pay 43% over melt for the Australian 1/20 ounce lunar calendar gold. We cheerfully pass this cost on to the collector.

    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • CladiatorCladiator Posts: 18,160 ✭✭✭✭✭
    Small coins are cool.
  • TootawlTootawl Posts: 5,877 ✭✭✭
    I have an entire set of 1/10 GAEs unc. I thought those thigns were small.
    PCGS Currency: HOF 2013, Best Low Ball Set 2009-2014, 2016, 2018. Appreciation Award 2015, Best Showcase 2018, Numerous others.
  • DeepCoinDeepCoin Posts: 2,781 ✭✭✭
    Jon,

    What is your source for this information?
    Retired United States Mint guy, now working on an Everyman Type Set.
  • CoinHuskerCoinHusker Posts: 5,033 ✭✭✭


    << <i>The problem with tiny coins is that the manufacturing and distribution adds a proportionately huge markup to the coin. At the coin store we can buy one ounce gold eagles by the roll from an official Mint distributor for 3.75% over melt. We pay 11% over melt for the 1/10th ounce gold eagles.

    Because they are usually purchased in very small quantities, 2 or 3 pieces at a time, we pay 43% over melt for the Australian 1/20 ounce lunar calendar gold. We cheerfully pass this cost on to the collector.

    TD >>




    Which answers why the Mint is considering them. $$$$$$$$$$$$$$$$$$$
    Collecting coins, medals and currency featuring "The Sower"

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