if all the gold ever mined was weighed, it would amount to between 140,000 and 160,000 tons. That would be a cube of approximately 62 feet on a side. A cubic inch of gold weighs 11.06 oz.
I've read things like this for years, the numbers don't change much. Don't know if it's true. I buy ounces, the above would also be 280-320 million POUNDS. 44 billion ounces. Enough for each human to have 7 Gold Eagles!<!-- google_ad_section_end --><BR style="DISPLAY: block; FLOAT: left; CLEAR: left">
If all of that gold was minted into s single coin and the coin was submitted to PCGS for slabbing, I wonder what the slabbing fee, shipping costs and insurance costs [both ways] would be?
I wonder how much the cost of the raw materials and labor and general overhead to make the plastic slab and insert would be?
I wonder what the supplemental PCGS worker's comp premium would be for the time period that the coin was in house and being processed by PCGS worker bees?
I wonder how the slabbed coin would be handled under insurance coverage for it if it was dropped accidentally [hopefully not on someone's toes]?
Hmm. A gold coin of such size just makes me wonder.
I watched a show about gold on the History Channel a few weeks ago, they claimed that all of the gold ever mined would amount to an ingot the size of the base of the Statue of Liberty.
You would be the owner of a lot of worthless yellow mineral from the ground. Remember gold did not come into existence with value. People had to find uses for it in all aspects of manufacture. If no one else had any, then this would never occur.
<< <i>If all of that gold was minted into s single coin and the coin was submitted to PCGS for slabbing, I wonder what the slabbing fee, shipping costs and insurance costs [both ways] would be?
I wonder how much the cost of the raw materials and labor and general overhead to make the plastic slab and insert would be?
I wonder what the supplemental PCGS worker's comp premium would be for the time period that the coin was in house and being processed by PCGS worker bees?
I wonder how the slabbed coin would be handled under insurance coverage for it if it was dropped accidentally [hopefully not on someone's toes]?
Hmm. A gold coin of such size just makes me wonder. >>
It would be special for just a short time.
Within a month, fake ones in giant fake slabs would be pouring out of China ... and WITHOUT the 10ft high "COPY" stamp, as shown in the Ebay auction photos.
Comments
I've read things like this for years, the numbers don't change much. Don't know if it's true. I buy ounces, the above would also be 280-320 million POUNDS. 44 billion ounces. Enough for each human to have 7 Gold Eagles!<!-- google_ad_section_end --><BR style="DISPLAY: block; FLOAT: left; CLEAR: left">
Camelot
<< <i>Can you imagine turning all of the gold into one giant coin? >>
Me thinks Bear has been hitting the honey a little heavyly lately......eh?
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
Camelot
I wonder how much the cost of the raw materials and labor and general overhead to make the plastic slab and insert would be?
I wonder what the supplemental PCGS worker's comp premium would be for the time period that the coin was in house and being processed by PCGS worker bees?
I wonder how the slabbed coin would be handled under insurance coverage for it if it was dropped accidentally [hopefully not on someone's toes]?
Hmm. A gold coin of such size just makes me wonder.
Of course..................the check might not be entirely good.
Camelot
https://www.smallcopperguy.com
<< <i>If all of that gold was minted into s single coin and the coin was submitted to PCGS for slabbing, I wonder what the slabbing fee, shipping costs and insurance costs [both ways] would be?
I wonder how much the cost of the raw materials and labor and general overhead to make the plastic slab and insert would be?
I wonder what the supplemental PCGS worker's comp premium would be for the time period that the coin was in house and being processed by PCGS worker bees?
I wonder how the slabbed coin would be handled under insurance coverage for it if it was dropped accidentally [hopefully not on someone's toes]?
Hmm. A gold coin of such size just makes me wonder. >>
It would be special for just a short time.
Within a month, fake ones in giant fake slabs would be pouring out of China ... and WITHOUT the 10ft high "COPY" stamp, as shown in the Ebay auction photos.