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by m_eiman 1518 days ago
Do you know what a ”cheap” pure gold coin costs, if there are such coins?
1 comments

I don’t know much about Roman coins, but in general cheap coins have the value of the metal they are made of. For more modern coins that’s actually quite common. There are fewer collectors because the coins are so expensive.

From quick look at a seller website you could find some gold Roman coins around €1000, no idea about how prices might vary in the US.

> For more modern coins that’s actually quite common. There are fewer collectors because the coins are so expensive.

FWIW modern gold coins (as in after countries went off of the gold standard) are pretty much only collectors or investment items e.g. the "Eagle" coins stopped being circulation coins in 1933, but since 1986 the US mint started issuing new "bullion" coins. These are legal tender at their face value, but the face value is nowhere near actual value (e.g. the 1oz $50 coin is currently worth about $2000 as gold prices have skyrocketed in the last three years)

Indeed. Some mints even stopped putting a face value on some coins, like the Royal Mint’s Britannias.

Union Latine coins from the 19th century (mostly Swiss, Belgian, and French francs) and some British sovereigns are quite easy to get at metal value (edit: I mention these because they are somewhat old; there are plenty of 20th-century coins in the same situation). They are convenient because everyone (interested) knows how much they weight and therefore how much they are worth, give or take some Greek shenanigans.