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Franklin Mint Rampage - Belize Gold Going Crazy!!

7Jaguars7Jaguars Posts: 7,583 ✭✭✭✭✭
in World & Ancient Coins Forum
OK, these objects of derision are now officially at least in some demand and there were multiple bidders on the ebay seller. The 1982 100D went for 3100 dollars and the 1983 went for about 2100 - auctions closed on the 5th and 6th of October. Can somebody help with the link?
Love that Milled British (1830-1960)
Well, just Love coins, period.

Comments

  • trozautrozau Posts: 3,455 ✭✭✭
    Crazy money! image

    Courtesy links:

    Belize $100 1982 KINKAJOU BU gold coin, Mintage=10

    Belize $100 1983 MARGAY JUNGLE CAT BU gold Mintage=20
    trozau (troy ounce gold)
  • cladkingcladking Posts: 28,701 ✭✭✭✭✭
    Just wait and you'll see a lot of the FM coinage will be in high
    demand. Of course mintages were often tiny and attrition can
    be staggeringly high so they aren't going to be readily available.

    Many of the gold coins of this sort were redeemed for face value
    and never reissued.

    Some of the coinage of the last half of the 20th century is just go-
    ing to be among the rarest of all time. It's really a wonder that
    in an era of huge mintages that people just neglected to save it.
    Tempus fugit.
  • BCNumismaticsBCNumismatics Posts: 454
    Those prices that those 2 Belizean $100 medal-coins went for are absolutely stupid! It's as insane as those who go out & pay US$100 & more for one of the Zimbabwean $100,000,000,000 Agro-Cheques (like someone did several weeks ago),especially up on FleaBay!

    Chances are,the composition is only .500 fine gold like the ones in the 1970's are.I've got the 1975 & 1978 ones,which are definitely only .500 fine gold.

    Aidan.
  • gecko109gecko109 Posts: 8,231 ✭
    Where do you find the stated mintages of these "garbage" coins? These are the types of things I might see in a local B&M, and pass on them even at melt!image Maybe I need an attitude adjustment.
  • BCNumismaticsBCNumismatics Posts: 454
    Phil,
    I bought my 2 Belizean $100 medal-coins at just under their bullion value,as my boss had them in the shop for quite a few months,& he was going to offload them to his brother,who would have offloaded them to a smelter.

    You've got to remember their fineness - .500 Fine Gold.

    Aidan.
  • 7Jaguars7Jaguars Posts: 7,583 ✭✭✭✭✭
    Trozau - THANKS! I can not do these links. I am really shocked at the prices...
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • coinpicturescoinpictures Posts: 5,345 ✭✭✭
    Egads. Same high bidder and underbidder in each auction, neither one are newbies to eBay. Based on feedback, seller seems to be legit. Gold content and fineness fully disclosed in the auction text and pictures. Even the "also-rans" in each auction were willing to pay double melt.

    Must be some actual demand for these... "coins".
    Numismotography

    1/2 Cents

    U.S. Revenue Stamps

    image
  • BCNumismaticsBCNumismatics Posts: 454
    The Franklin Mint used to be big strikers of coins & medal-coins from the early 1970's until the mid-1980's.You don't hear of them striking coins or medal-coins nowadays.

    The void has been filled largely by the Pobjoy Mint & the Commonwealth Mint,which are 2 private mints in England churning out medal-coins for such countries as the Isle of Man & Nightingale Island respectively.

    Aidan.
  • 7Jaguars7Jaguars Posts: 7,583 ✭✭✭✭✭
    A lot of their coins have been going up, but not all. I bought the '82 in unc. about three years ago for about 200 or so....
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>Egads. Same high bidder and underbidder in each auction, neither one are newbies to eBay. Based on feedback, seller seems to be legit. Gold content and fineness fully disclosed in the auction text and pictures. Even the "also-rans" in each auction were willing to pay double melt.

    Must be some actual demand for these... "coins". >>





    Double melt? The 1982 OPENED at about 6 times melt!!!
  • theboz11theboz11 Posts: 6,576 ✭✭✭
    My Belize $250 1978 Leopard should be worth 2 1/2 time that much , I guess.image I used it as my avatar for a year or so, had several queries about it at the time. The 1982 had a mintage of 586 and the 1983's was 494, the smallest mintage of the $100 pieces,,,rather shallow pool to choose from for a animal collector image

    Edit to note that these are the proof figures that Jaguar mentions below.
    My Medals collection

    FOR SALE Items
  • 7Jaguars7Jaguars Posts: 7,583 ✭✭✭✭✭
    A mere "technicality" but these were Uncirculated as the 1982 had a mintage of 10 and the '83 of 20. The larger coin you mention in Unc. was about 200 as I recall. The proofs all had higher mintages and probably would go for less.

    I noted that even the relatively common Guyana proof 1976 100 D. goes for about 100, but that is not a lot above melt which is now aroung 85-88 or so.

    This may just be a temporary anomaly but have also noted about a year ago a 1984 Papua New Guinea proof set with the papal coin went for above 500 USD.

    Fun to see little blips like this in the coin market.

    On a note closer to home, in terms of my interests anyway, many of the Goldberg Vicky halfcrowns did not go for even estimate despite rarity - I wonder what people make of this?
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • theboz11theboz11 Posts: 6,576 ✭✭✭
    I tell you what I make of it. I am collecting the wrong itemsimage if I am looking for investmentimage. I have some Gold Vicky Medals that I would take 10X melt for image
    My Medals collection

    FOR SALE Items
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