Interesting info the American Art Series gold medals
derryb
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Wonder how many have been melted.
<< <i>The later ones which list the gold weight (1/2 oz., etc.) are nice. I'd like to pick up a Steinbeck for the bullion stack. For whatever reason these don't seem to have almost any popularity. >>
That's because they are medals rather than coins. If they were 999.9 fine gold and marked as such they would be more popular. I saw a complete set in a Capital holder that was very neat looking.
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
As has been previously mentioned, they weren't monitized. The earlier pieces don't indicate a purity, a weight, or even the fact that they're gold. And since they don't mention the United States of America, they don't even hint at being backed by the US government in regards to purity or weight, etc.
Hindsight is 20/20, but how bad were those decisions, either intentionally or unintentionally, based on how we trade gold today?
By contrast, the bullion king they were competing against, the Krugerrand, shows the nation of origin, the weight, the fineness, and regardless of the belief of some on the boards, the krugerrand was monitized and designed to circulate--the value of one krugerrand being equivalent to the daily value of an ounce of gold.
--Severian the Lame
<< <i>I own two sets because I bought one long ago, and then a friend needed to sell a set because he was buying a house. >>
What are the sets selling for these days? Do you have them in some type of album? I think they are a neat series and a great way to own some gold.
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
http://www.apmex.com/product/77996/u-s-mint-gold-8-piece-commemorative-arts-medals-set
--Severian the Lame