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Precious metal "small change".... 1 grain gold and 5 grain silver rounds

BaleyBaley Posts: 22,660 ✭✭✭✭✭
in Precious Metals
What are your opinions of these novelty items:

Link to tiny metal disks auctions

Kinda cool, but would be better if they were marked. And, of course, at smaller premiums image

1 grain = 1/480 troy oz.

Liberty: Parent of Science & Industry

Comments

  • CaptHenwayCaptHenway Posts: 32,116 ✭✭✭✭✭
    If you take them into most B&M's, they will get no respect.
    MOO
    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.
  • TomBTomB Posts: 21,200 ✭✭✭✭✭
    Look neat, sure as heck would not buy them.
    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • gecko109gecko109 Posts: 8,231 ✭
    I like the idea...but not this specific product. I think that if JM, Engelhard, Pamp, or Credit manufactured these.....with micro stamping to indicate weight and fineness, and hallmark...they would be very successful if premiums were kept to a minimum. But at $1500 gold, these things are worth about 3 bucks apiece. At just $4 each....if made by a major refiner.....they would be a decent deal for both consumer, as well as the manufacturer ( thats $1,900/oz).
  • PerryHallPerryHall Posts: 46,112 ✭✭✭✭✭
    Like the OP said, it's a novelty item. I wouldn't consider it as a serious bullion investment and I certainly wouldn't buy any.

    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

  • CerealSpillerCerealSpiller Posts: 38
    I'd steer clear of them. However, those hexagonal ingots below them sure are fine.

    We just hit $39.00 by the way!
  • calleochocalleocho Posts: 1,569 ✭✭
    I think Gecko is unto something ...i could see myself paying 5 bucks each if it came from JM or pamp ...I would actually buy a few for gifts etc.
    "Women should be obscene and not heard. "
    Groucho Marx
  • FrankcoinsFrankcoins Posts: 4,569 ✭✭✭
    Stick with 1/10 to 1 oz gold,

    and 1 oz to 10 oz silver bars, rounds and coins.
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
  • CoinCrazyPACoinCrazyPA Posts: 2,899 ✭✭✭✭
    I saw a one grain gold go for around $15 earlier on the bay.
    Positive BST transactions: agentjim007, cohodk, CharlieC, Chrischampeon, DRG, 3 x delistamps, djdilliodon, gmherps13, jmski52, Meltdown, Mesquite, 2 x nibanny, themaster, 2 x segoja, Timbuk3, ve3rules, jom, Blackhawk, hchcoin, Relaxn, pitboss, blu62vette, Jfoot13, Jinx86, jfoot13,Ronb

    Successful Trades: Swampboy,
  • JamesMurrayJamesMurray Posts: 4,036 ✭
    I'm not surprised they are selling , sometimes its easy to lose sight of the fact not everybody has a couple hundred bucks to spend on a tenth of gold or a few silver rounds.Ive always bought the 1/10ths as the lowest weight i'll buy but i now realise the 1/20th's carry the biggest premium of all , so in the world of PM's bigger isnt always better maybe.
  • ibzman350ibzman350 Posts: 5,315 ✭
    I bought a grain bar on the bay, thinking it was a gram bar...image

    A while back I put in a low ball bid(reading gram) and couldn't believe I had no other bidders, I won and then the light came on....image







    Herb
    Remember it's not how you pick your nose that matters, it's where you put the boogers.
    imageimageimage
  • PerryHallPerryHall Posts: 46,112 ✭✭✭✭✭


    << <i>Stick with 1/10 to 1 oz gold,

    and 1 oz to 10 oz silver bars, rounds and coins. >>



    Agree but I also like the 1 Kilo silver bars.

    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

  • PerryHallPerryHall Posts: 46,112 ✭✭✭✭✭


    << <i>I saw a one grain gold go for around $15 earlier on the bay. >>



    I hope these are in some kind of sealed holder because they would be really easy to lose otherwise.

    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

  • TheBigBTheBigB Posts: 942 ✭
    Don't sneeze.
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