Home› Precious Metals

Privy marks....

Kdog08Kdog08 Posts: 771
in Precious Metals
Why are they used? ...and....are they worth the premiums? I am reading info that states they have a smaller mintage.

Comments

  • PerryHallPerryHall Posts: 46,234 ✭✭✭✭✭


    << <i>Why are they used? ...and....are they worth the premiums? I am reading info that states they have a smaller mintage. >>



    They are used to create a collectible that they can sell for a premium.

    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

  • shmort6552shmort6552 Posts: 696
    Kdog. I agree with Perry Hall as to why they are created. The term "privy" refers to a British group of very high level politicians known as the "Privy Council" The heritage has been kept as a symbol only here in Canada and that is why some coins from here are marked with "privy" marks.
    It goes back many centuries and is, in my humble opinion, now used as a gimmick.
    Bruce
Sign In or Register to comment.