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$20 gold question. How were they packaged?
Mission16
Posts: 1,413 ✭✭✭
Back in the day, I mean. Where they put into bags? How many? What did the bags look like?
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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
of the era - "U.S. Mint", the denomination,
and the face value. There are variations
over the years, of course.
Most of the $10 & $20 Gold Canvas bags
that are around (but not all of 'em) are from
a very huge deal of U.S. gold bought by
MTB of NYC, in the '80's, as I recall.
Among my 'accumulation' of U.S. Mint
coin bags are $10 Indians from
1926/1932 (most common year), and
either a 1924 or 1927 $20 bag.
Gold coin bags are very very scarce, and
seldom offered.
The packing was intended to keep the coins from sliding around and losing value during shipment. When banks ordered gold coins in quantities less than $40,000 they were usually charged for shipment. Most shipments were by Parcel Post, insured.
PS: Gold coin bags are very scarce because they were commonly burned to recover gold dust and flecks. A few months ago, a board member posted photos of a gold bag and the flecks of metal he found in it.
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<< <i>Tightly backed bags of $5,000 face. In most instances, these were boxed 8 bags/box, and box was sealed.
The packing was intended to keep the coins from sliding around and losing value during shipment. When banks ordered gold coins in quantities less than $40,000 they were usually charged for shipment. Most shipments were by Parcel Post, insured.
PS: Gold coin bags are very scarce because they were commonly burned to recover gold dust and flecks. A few months ago, a board member posted photos of a gold bag and the flecks of metal he found in it. >>
Hermetically sealed???
<< <i>Tightly backed bags of $5,000 face. In most instances, these were boxed 8 bags/box, and box was sealed >>
Can you imagine how much that box would weigh?!
At 250 coins/bag times 8 bags/box, we're talking about 2,000 coins that weigh 33.44 grams each! One box of Double Eagles would weigh 147 adv. pounds!
Central America shipwreck coin piles
No, just nailed shut, banded and with a lead seal. However, this might have been done by hermits, so you could say "hermitec sealing" was possible...unless they used penguins instead of seals.
<< <i>Hermetically sealed???
No, just nailed shut, banded and with a lead seal. However, this might have been done by hermits, so you could say "hermitec sealing" was possible...unless they used penguins instead of seals. >>
BWAH-HA-HA-HA!!!
That was kinda funny.
Thank you for all the great info! Still waiting for a picture from someone.
<< <i>Hermetically sealed???
No, just nailed shut, banded and with a lead seal. However, this might have been done by hermits, so you could say "hermitec sealing" was possible...unless they used penguins instead of seals. >>
Not kept in a mayonaisse jar on Funk & Wagnalls back porch?
puns, of course.
<< <i>link >>
Does anyone have a rough idea on what that bag might be worth? I really have no clue.