Home U.S. Coin Forum
Options

Why is an ounce of gold worth so much more than a Slinky?

MrEurekaMrEureka Posts: 24,072 ✭✭✭✭✭
I admit that the fascination with gold's aesthetic and tactile qualities is a source of real value.

But it seems to me that a Slinky is even cooler than gold, and should be worth more.

What am I missing?

image
Andy Lustig

Doggedly collecting coins of the Central American Republic.

Visit the Society of US Pattern Collectors at USPatterns.com.
«1

Comments

  • Options
    BECOKABECOKA Posts: 16,957 ✭✭✭
    I saw too many pirate movies when I was a kid. A Cave full of gold seems more interesting to me than a cave full of slinkies. image
  • Options


    << <i>I saw too many pirate movies when I was a kid. A Cave full of gold seems more interesting to me than a cave full of slinkies. image >>




    image
  • Options
    mgoodm3mgoodm3 Posts: 17,497 ✭✭✭
    If they make a tangle-proof slinky, it may push slinky over the top.
    coinimaging.com/my photography articles Check out the new macro lens testing section
  • Options
    adamlaneusadamlaneus Posts: 6,969 ✭✭✭
    The problem is that US Slinky trade rates make today's international trade volumes untenable.

    Especially considering that we have to convert them to european legos.

    And, have you seen the volatility of the Slinky-to-Dreidel rates for the last year?

    No sir, international trade is easier on the gold standard than on the toy standard!

  • Options
    what about plastic slinkies?
    There's only One
  • Options
    CoinRaritiesOnlineCoinRaritiesOnline Posts: 3,645 ✭✭✭✭
    Andy:

    You aren't missing anything. You are simply very astute.


    I will trade you 10 ounces of slinkies for 10 ounces of your "barbarous relic". image
  • Options


    << <i>If they make a tangle-proof slinky, it may push slinky over the top. >>




    ....or a gold slinky.image
  • Options
    JulianJulian Posts: 3,370 ✭✭✭
    The market is agreeing with you, Andy, as the two prices are certainly getting closer.
    PNG member, numismatic dealer since 1965. Operates a retail store, also has exhibited at over 1000 shows.
    I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.

    eBaystore
  • Options
    MrEurekaMrEureka Posts: 24,072 ✭✭✭✭✭
    I will trade you 10 ounces of slinkies for 10 ounces of your "barbarous relic".

    Thanks, Dave, but you're too late.

    BTW, I know I got a good deal because Aki barks at the Slinky every time I send it down the stairs, and he never even noticed my Krugerrands.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • Options
    pmacpmac Posts: 3,189 ✭✭✭


    << <i>what about plastic slinkies? >>


    Your avatar shows the history of the slinky. An entrepeneur after WWII bought the piston ring material for the JEEPs that were not made. He cut up the coils and marketed them as Slinky(s).
    I like gold better.
    Paul
  • Options
    rickoricko Posts: 98,724 ✭✭✭✭✭
    Slinkies can also keep squirrels out of your bird feeder. Cheers, RickO
  • Options
    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    Here's a 14KT Gold plated Brass Slinky used to be about $89... but now with GOLD up sells for close to $130 image

    image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • Options
    ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭


    << <i>Slinkies can also keep squirrels out of your bird feeder. >>



    If you know what I mean.
  • Options
    BarryBarry Posts: 10,100 ✭✭✭


    << <i>BTW, I know I got a good deal because Aki barks at the Slinky every time I send it down the stairs, and he never even noticed my Krugerrands. >>


    The Krugerrand has a harder time getting down the stairs.

    I have a dental appt. next week to replace a cracked molar with a crown. I wonder if I can save some money having the crown made of Slinky instead of gold. I'll have to ask the dentist...
  • Options
    guitarwesguitarwes Posts: 9,242 ✭✭✭


    Bad friends are like Slinkys........no matter what kinda mood you're in, it always brings a smile to your face to push 'em down the stairs.

    -wes
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • Options


    << <i>If they make a tangle-proof slinky, it may push slinky over the top. >>



    BINGO!
    --->imageimageimageimage<---
  • Options
    gecko109gecko109 Posts: 8,231
    Gold: A soft yellow metal that has been representative of "money" or "wealth" for thousands of years despite no real urgent need for the physical metal itself. $900+ per ounce.

    Steel: A hard grey alloy of iron and carbon that has shaped human civilization as we know it. $0.05 per ounce.

    Artificial value placed on obscure, unimportant objects by humans: PRICELESS!
  • Options
    MikeInFLMikeInFL Posts: 10,188 ✭✭✭✭
    "What am I missing?"

    Women don't wear Slinkies. image

    Said another way, Slinkies don't have intrinsic value as compared to gold -- the difference is DEMAND....Mike
    Collector of Large Cents, US Type, and modern pocket change.
  • Options


    << <i>I saw too many pirate movies when I was a kid. A Cave full of gold seems more interesting to me than a cave full of slinkies. image >>




    True that... but to be a kid...alone in a cave full of gold... WITH a slinky...now that would be way cool... image
    Re: Slabbed coins - There are some coins that LIVE within clear plastic and wear their labels with pride... while there are others that HIDE behind scratched plastic and are simply dragged along by a label. Then there are those coins that simply hang out, naked and free image
  • Options
    dac076dac076 Posts: 817
    Women don't wear Slinkies.

    But imagine if they did!
  • Options
    The world will never know...what about a golden slinky?
    -Rome is Burning

    image
  • Options
    lathmachlathmach Posts: 4,720


    << <i>

    << <i>what about plastic slinkies? >>


    Your avatar shows the history of the slinky. An entrepeneur after WWII bought the piston ring material for the JEEPs that were not made. He cut up the coils and marketed them as Slinky(s).
    I like gold better. >>



    Ummm........... you make this up all by yourself?
    I used to make piston rings. They're made of cast iron, not spring steel.
    I went to Google and looked up the correct history or the origins of this toy.
    slinky history

    Ray
  • Options
    I tried giving my girl friend a slinky engagement ring...... I expect to leave the hospital any day now.
  • Options
    au58au58 Posts: 1,288 ✭✭✭


    << <i>I saw too many pirate movies when I was a kid. A Cave full of gold seems more interesting to me than a cave full of slinkies. image >>



    I stopped at two video rental stores to get a copy of Count of Monte Cristo. Neither had it.
    I've seen the movie at least 5 times and still enjoy every bit of it.
    All stories of hidden treasure fascinate me, even if fictional.
  • Options
    mgoodm3mgoodm3 Posts: 17,497 ✭✭✭
    Simple: An ounce of gold is heavier than an ounce of slinky
    coinimaging.com/my photography articles Check out the new macro lens testing section
  • Options
    coolestcoolest Posts: 2,281 ✭✭✭


    << <i>I admit that the fascination with gold's aesthetic and tactile qualities is a source of real value.

    But it seems to me that a Slinky is even cooler than gold, and should be worth more.

    What am I missing?

    image >>



    I Can trade you two slinkies for one small ounce of gold.
  • Options
    cladkingcladking Posts: 28,453 ✭✭✭✭✭
    Pharaoh Tutankhamen (king Tut ~1340BC) said that his most prized
    possession was a steel dagger. Steel was still very rare in those days
    and this was a very finely worked blade.

    I was just thinking of this the other night when my niece gave me a
    large stainless steel "church key" (bottle opener) that she had got-
    ten free. It was made by Miller Lite and Harley Davidson and has the
    date on it. I won't be wearing on my belt since I'll want it in mint con-
    dition in my collection.

    King Tut was likely one of the wealthiest persons in history and had
    total control of vast amounts of gold yet his most highly prized pos-
    session might be traded for a stainless steel bottle opened if he were
    able.

    When you consider how relatively valueless is a church key it sheds
    some light on just how spoiled people really are now days.

    If anyone wants to trade I'd take 1/2 OZt of gold. image
    Tempus fugit.
  • Options
    dac076dac076 Posts: 817
    image
  • Options
    relicsncoinsrelicsncoins Posts: 7,878 ✭✭✭✭✭
    It's difficult to carry a pocket full of slinkies.

    JJ
    Need a Barber Half with ANACS photo certificate. If you have one for sale please PM me. Current Ebay auctions
  • Options
    I think it is too bad that toys like this are not popular anymore. I didn't become an overweight slob until I stopped chasing my slinky down thw stairs and going back up to the top and starting all over. I was 47 when this transition took place. Explains a lot... Respectfully, John Curlis
  • Options
    fastrudyfastrudy Posts: 2,096
    The possibilities are endless.
    But most slinkies are not endless.
    However my step-daughter had an endless slinky that fit around her wrist.
    Physics teachers use a lot of slinkies for demonstating wave motion in one dimension, and two dimensions. I once used a Krugerand to demonstrate wave propogating in three dimensions.
    Successful transactions with: DCarr, Meltdown, Notwilight, Loki, MMR, Musky1011, cohodk, claychaser, cheezhed, guitarwes, Hayden, USMoneyLover

    Proud recipient of two "You Suck" awards
  • Options
    SanctionIISanctionII Posts: 11,841 ✭✭✭✭✭
    My favorite slinky has changed from the Slinky toy I liked as a kid to a Slinkly nightgown on a supermodelimage
  • Options
    BAJJERFANBAJJERFAN Posts: 31,017 ✭✭✭✭✭
    Slinkies are a lot like coin dealers only nicer.image
    theknowitalltroll;
  • Options
    pontiacinfpontiacinf Posts: 8,915 ✭✭


    << <i>

    << <i>BTW, I know I got a good deal because Aki barks at the Slinky every time I send it down the stairs, and he never even noticed my Krugerrands. >>


    The Krugerrand has a harder time getting down the stairs.

    I have a dental appt. next week to replace a cracked molar with a crown. I wonder if I can save some money having the crown made of Slinky instead of gold. I'll have to ask the dentist... >>



    image
    image

    Go BIG or GO HOME. ©Bill
  • Options
    pontiacinfpontiacinf Posts: 8,915 ✭✭


    << <i>Pharaoh Tutankhamen (king Tut ~1340BC) said that his most prized
    possession was a steel dagger. Steel was still very rare in those days
    and this was a very finely worked blade.

    I was just thinking of this the other night when my niece gave me a
    large stainless steel "church key" (bottle opener) that she had got-
    ten free. It was made by Miller Lite and Harley Davidson and has the
    date on it. I won't be wearing on my belt since I'll want it in mint con-
    dition in my collection.

    King Tut was likely one of the wealthiest persons in history and had
    total control of vast amounts of gold yet his most highly prized pos-
    session might be traded for a stainless steel bottle opened if he were
    able.

    When you consider how relatively valueless is a church key it sheds
    some light on just how spoiled people really are now days.

    If anyone wants to trade I'd take 1/2 OZt of gold. image >>



    Hey Clad

    is there any info available on where said TUT got all his gold from?

    I always wonderd that but was to lazy to look it upimage
    image

    Go BIG or GO HOME. ©Bill
  • Options
    cladkingcladking Posts: 28,453 ✭✭✭✭✭


    << <i>

    is there any info available on where said TUT got all his gold from?

    I always wonderd that but was to lazy to look it upimage >>



    Most of it was probably from Nubia. (southern Egypt/ northern Sudan)

    It was mined in several places but don't recall the most famous. There's
    quite a bit known about ancient mining in this part of the world and some
    interesting theories on the refineries.

    I suspect that the Egyptian acquired quite a bit in trade pre-2400 BC but
    can't prove it and records from this far back are nearly nonexistent.
    Tempus fugit.
  • Options
    CalGoldCalGold Posts: 2,609 ✭✭


    << <i>Why is an ounce of gold worth so much more than a Slinky? >>



    This question baffled mankind for thousands of years, until some poor schnook gave his wife a slinky instead of a gold necklace as an anniversary present.

    CG
  • Options
    pontiacinfpontiacinf Posts: 8,915 ✭✭


    << <i>

    << <i>

    is there any info available on where said TUT got all his gold from?

    I always wonderd that but was to lazy to look it upimage >>



    Most of it was probably from Nubia. (southern Egypt/ northern Sudan)

    It was mined in several places but don't recall the most famous. There's
    quite a bit known about ancient mining in this part of the world and some
    interesting theories on the refineries.

    I suspect that the Egyptian acquired quite a bit in trade pre-2400 BC but
    can't prove it and records from this far back are nearly nonexistent. >>



    thank you my dear friend for the world of info you share with meimage

    it is greatly appreaciated
    image

    Go BIG or GO HOME. ©Bill
  • Options
    pontiacinfpontiacinf Posts: 8,915 ✭✭


    << <i>

    << <i>Why is an ounce of gold worth so much more than a Slinky? >>



    This question baffled mankind for thousands of years, until some poor schnook gave his wife a slinky instead of a gold necklace as an anniversary present.

    CG >>



    imageimageimage
    image

    Go BIG or GO HOME. ©Bill
  • Options
    StorkStork Posts: 5,205 ✭✭✭✭✭
    "Women don't wear Slinkies.

    But imagine if they did!"


    Ummmm, ouch???


    imageimageimage




  • Options
    pontiacinfpontiacinf Posts: 8,915 ✭✭


    << <i>"Women don't wear Slinkies.

    But imagine if they did!"


    Ummmm, ouch???


    imageimageimage >>



    I sure as heck would not be sending em down the stairs! image
    image

    Go BIG or GO HOME. ©Bill
  • Options
    SwampboySwampboy Posts: 12,905 ✭✭✭✭✭


    << <i>Slinkies can also keep squirrels out of your bird feeder. Cheers, RickO >>




    image




    The entertainment can never be overdressed....except in burlesque

  • Options
    bumanchubumanchu Posts: 1,383 ✭✭✭


    You obviously are not talking about a BIG slinky.
    And I ain't lying this time.
  • Options
    droopyddroopyd Posts: 5,381 ✭✭✭


    << <i>I Can trade you two slinkies for one small ounce of gold. >>



    If you have an original Slinky (or two for that matter) from the 1940s still in the box, that might be a losing proposition.
    Me at the Springfield coin show:
    image
    60 years into this hobby and I'm still working on my Lincoln set!
  • Options
    BaleyBaley Posts: 22,659 ✭✭✭✭✭
    Am I missing something? this one is so easy.

    Gold is useful for many many things to many many people.

    A slinky can only do a rather limited amount of things, only some of which are useful. Change it's essential shape and it's only so much stainless steel, and not very high grade steel at that. I use a lot of 316L and 304 steel at work and it's better than slinky steel by a mile. Every see a rusty slinky? Someone else mentioned tangle. it's a spring a spring a wonderful thing, and everyone loves a Slinky, but it aint gold

    Liberty: Parent of Science & Industry

  • Options
    MrEurekaMrEureka Posts: 24,072 ✭✭✭✭✭
    This forum is so popular it has the power to move markets. The prices of gold and the Slinky have already begun to converge!
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • Options
    TwoSides2aCoinTwoSides2aCoin Posts: 44,026 ✭✭✭✭✭


    << <i>I admit that the fascination with gold's aesthetic and tactile qualities is a source of real value.

    But it seems to me that a Slinky is even cooler than gold, and should be worth more.

    What am I missing?

    image >>


    I can't imagine walking streets of slinkies image
  • Options
    "What walks down stairs, alone or in pairs, And makes a slinkity sound?
    A spring, a spring, a marvelous thing, Everyone knows it’s Slinky…
    It's Slinky, it's Slinky, for fun it's a wonderful toy
    It's Slinky, it's Slinky, it's fun for a girl and a boy"

    Ok ... now try and tell me you're not going to have that running through your head all day! image
  • Options
    MrEurekaMrEureka Posts: 24,072 ✭✭✭✭✭
    With gold at $850 today, the Gold/Slinky ratio touched the magic 200 level. (Slinkys retail for $4.25.) If it breaks 200, watch out! I'm told the next support level is 184! image
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • Options
    relicsncoinsrelicsncoins Posts: 7,878 ✭✭✭✭✭
    Didn't a forum member used to have a saying in their posts about a slinky?

    Something like:

    "Some people are like slinkies........not good for much, but fun to push down the stairs"

    JJ
    Need a Barber Half with ANACS photo certificate. If you have one for sale please PM me. Current Ebay auctions

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file