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With gold heading to its all time high, would those worthless Spouse coins be melted soon, thus decr

LALASD4LALASD4 Posts: 3,602 ✭✭✭
With gold heading to its all time high, would those worthless Spouse coins be melted soon, thus decreasing its mintages.image
Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent.
San Diego, CA


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  • CoxeCoxe Posts: 11,139
    Why? There isn't an enormous industrial demand. Gold coined by the US Mint is a globally trusted standard. Basically, it is worth its weight in gold and is already commoditized. Would you prefer it in bars?
    Select Rarities -- DMPLs and VAMs
    NSDR - Life Member
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  • I'd be happy just having some in any form image
    This is a very dumb ass thread. - Laura Sperber - Tuesday January 09, 2007 11:16 AM image

    Hell, I don't need to exercise.....I get enough just pushing my luck.
  • MrEurekaMrEureka Posts: 23,838 ✭✭✭✭✭
    With gold heading to its all time high, would those worthless Spouse coins be melted soon, thus decreasing its mintages.

    Yes, at some point these things will be melted, same as the "Arts Medallions". In fact, many $10 and $20 gold pieces are also destined for the melting pot.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • LALASD4LALASD4 Posts: 3,602 ✭✭✭
    Or maybe women will make necklaces out of them.image
    Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent.
    San Diego, CA


    image
  • BochimanBochiman Posts: 25,278 ✭✭✭✭✭
    Might actually bump their price image
    Some of them, particularly the UNCs, have not been that good in price (figure mint issue price of $410 = $820/oz)

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭
    I think I will just hammer mine with a sledge and sell it at a profit.
    Gold and silver are valuable but wisdom is priceless.
  • LongacreLongacre Posts: 16,717 ✭✭✭
    What would be the purpose of melting them? They're bullion.
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • UtahCoinUtahCoin Posts: 5,345 ✭✭✭✭✭
    They'll sell at bullion, but they will never actually be melted. That just makes no sense.
    I used to be somebody, now I'm just a coin collector.
    Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭


    << <i>They'll sell at bullion, but they will never actually be melted. That just makes no sense. >>



    I agree they show the amount and the quality of the gold as minted. This is a problem with some coins, Mexican 50 Pesos for one does not show the purity or weight on it.
  • Lets hope they are all melted so we can finally drive a stake into the heart of all these FS threads.
  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭


    << <i>Lets hope they are all melted so we can finally drive a stake into the heart of all these FS threads. >>



    No chance. We will then talk about the 5 or so surviving Marthas that will auction off for 1.2 million.image
    Gold and silver are valuable but wisdom is priceless.
  • kiyotekiyote Posts: 5,568 ✭✭✭✭✭
    I'm sure some older platinum proofs are going through this now...
    "I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
  • BochimanBochiman Posts: 25,278 ✭✭✭✭✭


    << <i>Lets hope they are all melted so we can finally drive a stake into the heart of all these FS threads. >>



    Wah!!!! I hope you call 911 for whoever must be holding the gun to your head to read them all image

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • kiyotekiyote Posts: 5,568 ✭✭✭✭✭

    It’s a 16-year-old thread still worth discussing, especially now!

    I have heard that a fair amount of modern five dollar gold commemorative coins head to the melters every year… So it wouldn’t surprise me if the more pure $10 gold spouses did as well. But looking at prices, nobody seems to care.

    "I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
  • PerryHallPerryHall Posts: 45,209 ✭✭✭✭✭

    Are pre-1965 common-date junk silver coins still being melted? I remember in the past when these junk silver coins and even modern commemorative silver dollars were being melted.

    Worry is the interest you pay on a debt you may not owe.

  • MrEurekaMrEureka Posts: 23,838 ✭✭✭✭✭

    @UtahCoin said:
    They'll sell at bullion, but they will never actually be melted. That just makes no sense.

    It would make perfect sense if the gold market is at some point being driven by buyers who want their gold in other forms. For example, central banks and mints around the world.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • CatbertCatbert Posts: 6,493 ✭✭✭✭✭
    "Got a flaming heart, can't get my fill"
  • ChrisH821ChrisH821 Posts: 6,283 ✭✭✭✭✭

    What's the point of melting something that is already of known purity and weight? Just to make a bigger piece of gold?

    Collector, occasional seller

  • MrEurekaMrEureka Posts: 23,838 ✭✭✭✭✭

    @ChrisH821 said:
    What's the point of melting something that is already of known purity and weight? Just to make a bigger piece of gold?

    Imagine a pile of first spouse coins, Saints and K-rands sprawled on top of this heap and you'll get the idea.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • ChrisH821ChrisH821 Posts: 6,283 ✭✭✭✭✭

    Good delivery bars that will never see the light of day outside of a vault?
    I'd rather have the coins.

    Collector, occasional seller

  • 3stars3stars Posts: 2,278 ✭✭✭✭✭

    Low mintages do not equal demand. How many Canadian gold coins with mintages in the hundreds are still only worth melt?

    Previous transactions: Wondercoin, goldman86, dmarks, Type2
  • Cougar1978Cougar1978 Posts: 7,475 ✭✭✭✭✭
    edited December 16, 2023 1:30PM

    Dream on - No Way - they are fantastic numismatic coins which I have retailed many of - slabbed 69 & 70. At one show setup retailed 4 of them, getting good money. I don’t give away low pop coins at melt. Spouse coins are a super investment buy. Calling them worthless - tirekicker BS lol.

    So Cali Area - Coins & Currency
  • CrustyCrusty Posts: 1,060 ✭✭✭✭✭

    If gold spouses and gold commemoratives ever gain any type of set builder demand it won’t take long for prices to rise. I highly recommend both series for gold stackers. They can be had for less then other sovereign gold coins and they have extremely low mintages. And yes these spouses are extremely ugly and have been melted since inception. If they ever get their day in the sun, I will be ready 😎

  • jmlanzafjmlanzaf Posts: 31,338 ✭✭✭✭✭

    @Cougar1978 said:
    Dream on - No Way - they are fantastic numismatic coins which I have retailed many of - slabbed 69 & 70. At one show setup retailed 4 of them, getting good money. I don’t give away low pop coins at melt. Spouse coins are a super investment buy. Calling them worthless - tirekicker BS lol.

    And how much OVER spot do you pay for them when you buy them?

  • lermishlermish Posts: 1,773 ✭✭✭✭✭

    @jmlanzaf said:

    @Cougar1978 said:
    Dream on - No Way - they are fantastic numismatic coins which I have retailed many of - slabbed 69 & 70. At one show setup retailed 4 of them, getting good money. I don’t give away low pop coins at melt. Spouse coins are a super investment buy. Calling them worthless - tirekicker BS lol.

    And how much OVER spot do you pay for them when you buy them?

    Jeez, @jmlanzaf , you're just another "quote troll" cougar has to deal with. You should consider yourself lucky to receive his investment advice!

    (Of course, he probably pays below spot because there is a spread, that's how it works on the bourse)

  • privatecoinprivatecoin Posts: 3,142 ✭✭✭✭✭

    @Smudge said:
    Oh goody a fight.

    Who's taking bets? :D

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

  • percybpercyb Posts: 3,299 ✭✭✭

    @jmlanzaf said:

    @Cougar1978 said:
    Dream on - No Way - they are fantastic numismatic coins which I have retailed many of - slabbed 69 & 70. At one show setup retailed 4 of them, getting good money. I don’t give away low pop coins at melt. Spouse coins are a super investment buy. Calling them worthless - tirekicker BS lol.

    And how much OVER spot do you pay for them when you buy them?

    There’s a small premium on spouses, more on Gold Eagles. Shop around.

    "Poets are the unacknowledged legislators of the world." PBShelley
  • jmlanzafjmlanzaf Posts: 31,338 ✭✭✭✭✭
    edited December 16, 2023 4:52PM

    @percyb said:

    @jmlanzaf said:

    @Cougar1978 said:
    Dream on - No Way - they are fantastic numismatic coins which I have retailed many of - slabbed 69 & 70. At one show setup retailed 4 of them, getting good money. I don’t give away low pop coins at melt. Spouse coins are a super investment buy. Calling them worthless - tirekicker BS lol.

    And how much OVER spot do you pay for them when you buy them?

    There’s a small premium on spouses, more on Gold Eagles. Shop around.

    Gold Eagles are not spouses. And the question was to Cougar who I guarantee will not pay over melt for them except MAYBE the 70s. He's always bragging that he needs to make "more than 10%" on a coin. Yet, suddenly, he's paying a premium for 69 spouses? I doubt it.

    And if wholesale bid is spot or, often, 98% on spouses, they are bullion.

    AGEs always carry a premium, usually even at wholesale.

    Edited to add: Upstate is currently buying the spouses at 99% of melt and selling at 0.25% over. ZERO POINT TWO FIVE PERCENT OVER which is roughly a $2.50 premium.

    AGEs are bid at 4.4% over for 1/2 oz and seeking at 5.5%

    Both are simply bullion coins.

  • Cougar1978Cougar1978 Posts: 7,475 ✭✭✭✭✭
    edited December 16, 2023 5:47PM

    Let them Chase their $2.50 premium lol

    If see them at a show will check it out / pickup some for inventory. Are these slabbed or raw?

    That’s a tragedy see people giving them away at melt or barely over if gold is truly moving up. See some on the bay at $1063 raw but wonder how banged up they may be.

    So Cali Area - Coins & Currency
  • percybpercyb Posts: 3,299 ✭✭✭
    edited December 16, 2023 5:16PM

    @jmlanzaf said:

    @percyb said:

    @jmlanzaf said:

    @Cougar1978 said:
    Dream on - No Way - they are fantastic numismatic coins which I have retailed many of - slabbed 69 & 70. At one show setup retailed 4 of them, getting good money. I don’t give away low pop coins at melt. Spouse coins are a super investment buy. Calling them worthless - tirekicker BS lol.

    And how much OVER spot do you pay for them when you buy them?

    There’s a small premium on spouses, more on Gold Eagles. Shop around.

    Gold Eagles are not spouses. And the question was to Cougar who I guarantee will not pay over melt for them except MAYBE the 70s. He's always bragging that he needs to make "more than 10%" on a coin. Yet, suddenly, he's paying a premium for 69 spouses? I doubt it.

    And if wholesale bid is spot or, often, 98% on spouses, they are bullion.

    AGEs always carry a premium, usually even at wholesale.

    Edited to add: Upstate is currently buying the spouses at 99% of melt and selling at 0.25% over. ZERO POINT TWO FIVE PERCENT OVER which is roughly a $2.50 premium.

    AGEs are bid at 4.4% over for 1/2 oz and seeking at 5.5%

    Both are simply bullion coins.

    Did I say Spouses were Gold Eagles?

    Dealer I have worked w has purchased my Spouses for a small premium.

    "Poets are the unacknowledged legislators of the world." PBShelley
  • jmlanzafjmlanzaf Posts: 31,338 ✭✭✭✭✭
    edited December 16, 2023 6:32PM

    @percyb said:

    @jmlanzaf said:

    @percyb said:

    @jmlanzaf said:

    @Cougar1978 said:
    Dream on - No Way - they are fantastic numismatic coins which I have retailed many of - slabbed 69 & 70. At one show setup retailed 4 of them, getting good money. I don’t give away low pop coins at melt. Spouse coins are a super investment buy. Calling them worthless - tirekicker BS lol.

    And how much OVER spot do you pay for them when you buy them?

    There’s a small premium on spouses, more on Gold Eagles. Shop around.

    Gold Eagles are not spouses. And the question was to Cougar who I guarantee will not pay over melt for them except MAYBE the 70s. He's always bragging that he needs to make "more than 10%" on a coin. Yet, suddenly, he's paying a premium for 69 spouses? I doubt it.

    And if wholesale bid is spot or, often, 98% on spouses, they are bullion.

    AGEs always carry a premium, usually even at wholesale.

    Edited to add: Upstate is currently buying the spouses at 99% of melt and selling at 0.25% over. ZERO POINT TWO FIVE PERCENT OVER which is roughly a $2.50 premium.

    AGEs are bid at 4.4% over for 1/2 oz and seeking at 5.5%

    Both are simply bullion coins.

    Did I say Spouses were Gold Eagles?

    Dealer I have worked w has purchased my Spouses for a small premium.

    Uncs or proofs. Proofs are different.

    You put spouses and Gold Eagles in the same sentence.

  • PerryHallPerryHall Posts: 45,209 ✭✭✭✭✭

    You should change your thread title. At about $1000 each, they are hardly "worthless" as you call them.

    Worry is the interest you pay on a debt you may not owe.

  • percybpercyb Posts: 3,299 ✭✭✭

    @jmlanzaf said:

    @percyb said:
    Did I say Spouses were Gold Eagles?

    Dealer I have worked w has purchased my Spouses for a small premium.

    Uncs or proofs. Proofs are different.

    You put spouses and Gold Eagles in the same sentence.

    Proofs.

    "Poets are the unacknowledged legislators of the world." PBShelley
  • Should we add $5 dollar gold commemoratives to the discussion? I was on a quest to assemble an uncirculated set of coins. However, the rise in gold prices put that project on hold. It was my bullion play. And admittingly, a speculative endeavor based on mintages.
    @Cougar1978 ...do you sell these at a premium based on mintages or grades?

  • lermishlermish Posts: 1,773 ✭✭✭✭✭

    @PerryHall said:
    You should change your thread title. At about $1000 each, they are hardly "worthless" as you call them.

    This is a 16 years old resurrected thread. OP hasn't logged in since 2019. Probably not happening ;)

  • WCCWCC Posts: 2,344 ✭✭✭✭✭

    @NorthStar said:
    I was on a quest to assemble an uncirculated set of coins. However, the rise in gold prices put that project on hold. It was my bullion play. And admittingly, a speculative endeavor based on mintages.

    I've considered it too, but it takes more effort to buy any at low enough premiums to acquire it in any volume.

    I haven't looked consistently, but I'd rather buy the $10AGE for roughly the same premium.

  • Oh boy...
    This newbie needs to look at the date of the thread before commenting.

  • Cougar1978Cougar1978 Posts: 7,475 ✭✭✭✭✭

    Don’t have any of the spouses at this time. Pricing would be based on what trading for in the marketplace, other sellers, CDN CPG.

    So Cali Area - Coins & Currency
  • jmlanzafjmlanzaf Posts: 31,338 ✭✭✭✭✭

    @percyb said:

    @jmlanzaf said:

    @percyb said:

    @jmlanzaf said:

    @Cougar1978 said:
    Dream on - No Way - they are fantastic numismatic coins which I have retailed many of - slabbed 69 & 70. At one show setup retailed 4 of them, getting good money. I don’t give away low pop coins at melt. Spouse coins are a super investment buy. Calling them worthless - tirekicker BS lol.

    And how much OVER spot do you pay for them when you buy them?

    There’s a small premium on spouses, more on Gold Eagles. Shop around.

    Gold Eagles are not spouses. And the question was to Cougar who I guarantee will not pay over melt for them except MAYBE the 70s. He's always bragging that he needs to make "more than 10%" on a coin. Yet, suddenly, he's paying a premium for 69 spouses? I doubt it.

    And if wholesale bid is spot or, often, 98% on spouses, they are bullion.

    AGEs always carry a premium, usually even at wholesale.

    Edited to add: Upstate is currently buying the spouses at 99% of melt and selling at 0.25% over. ZERO POINT TWO FIVE PERCENT OVER which is roughly a $2.50 premium.

    AGEs are bid at 4.4% over for 1/2 oz and seeking at 5.5%

    Both are simply bullion coins.

    Did I say Spouses were Gold Eagles?

    Dealer I have worked w has purchased my Spouses for a small premium.

    Uncs or proofs.> @percyb said:

    @jmlanzaf said:

    @percyb said:
    Did I say Spouses were Gold Eagles?

    Dealer I have worked w has purchased my Spouses for a small premium.

    Uncs or proofs. Proofs are different.

    You put spouses and Gold Eagles in the same sentence.

    Proofs.

    There is a slight premium on Proofs.

  • jmlanzafjmlanzaf Posts: 31,338 ✭✭✭✭✭

    @Cougar1978 said:
    Don’t have any of the spouses at this time. Pricing would be based on what trading for in the marketplace, other sellers, CDN CPG.

    I'm still waiting for you to tell me what you are paying. Since you're paying a significant premium to melt, I can get you all you need. Or are you just a tirekicker?

  • batumibatumi Posts: 796 ✭✭✭✭

    @kiyote said:
    It’s a 16-year-old thread still worth discussing, especially now!

    I have heard that a fair amount of modern five dollar gold commemorative coins head to the melters every year… So it wouldn’t surprise me if the more pure $10 gold spouses did as well. But looking at prices, nobody seems to care.

    Can't say for sure, even with the rise in bullion prices, there are far fewer of these offered on the three auction houses I follow in comparison than two years ago.

  • lermishlermish Posts: 1,773 ✭✭✭✭✭

    @Cougar1978 said:
    That’s weird of you - what makes u think I would buy from u anyway. Not looking for any at this time. What I pay based on current market conditions, confidential with the seller.

    He's not looking for any because of current market conditions but they are a super investment buy. And is unwilling to quote his premium to melt because it's confidential despite the prices being widely available everywhere because they are bullion.

    It's very difficult for me to stay within forum rules right now.

  • CoinHoarderCoinHoarder Posts: 2,388 ✭✭✭✭✭

    I love my Dolley Madison. Not selling it for spot. :)


  • jmlanzafjmlanzaf Posts: 31,338 ✭✭✭✭✭

    @lermish said:

    @Cougar1978 said:
    That’s weird of you - what makes u think I would buy from u anyway. Not looking for any at this time. What I pay based on current market conditions, confidential with the seller.

    He's not looking for any because of current market conditions but they are a super investment buy. And is unwilling to quote his premium to melt because it's confidential despite the prices being widely available everywhere because they are bullion.

    It's very difficult for me to stay within forum rules right now.

    Just calling his bluff. He argued that they were NOT bullion and called anyone who thought they were "tirekickers", a favorite term of derision of his.

    Translation from Cougarese: I buy these at melt and mark them up to $1200 to sell them.

  • jmlanzafjmlanzaf Posts: 31,338 ✭✭✭✭✭

    @Cougar1978 said:
    That’s weird of you - what makes u think I would buy from u anyway. Not looking for any at this time. What I pay based on current market conditions, confidential with the seller.

    Why would you not buy from me if you could make big money?

  • spacehaydukespacehayduke Posts: 5,427 ✭✭✭✭✭

    @jmlanzaf said:

    @Cougar1978 said:
    Dream on - No Way - they are fantastic numismatic coins which I have retailed many of - slabbed 69 & 70. At one show setup retailed 4 of them, getting good money. I don’t give away low pop coins at melt. Spouse coins are a super investment buy. Calling them worthless - tirekicker BS lol.

    And how much OVER spot do you pay for them when you buy them?

    Why does that matter? Coug clearly pointed out he sold at a profit, so honestly, it does not matter to the conversation here......... Bone to pick? :#


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