Yesterday, we were an army without a country. Tomorrow, we decide which country we want to buy!
Posted on 03/27/2017 3:20:40 PM PDT by dynachrome
Thieves broke into the German capital's Bode Museum before dawn Monday and made off with a massive 100-kilogram (221-pound) gold coin worth millions of dollars, police said.
Police spokesman Stefen Petersen said thieves apparently entered through a window about 3:30 a.m. Monday, broke into a cabinet where the "Big Maple Leaf" coin was kept, and escaped with it before police arrived.
A ladder was found by nearby railway tracks.
The three-centimeter (1.18-inch) thick coin, with a diameter of 53 centimeters (20.9 inches), has a face value of 1 million Canadian dollars ($750,000). By weight alone, however, it would be worth almost $4.5 million at market prices.
(Excerpt) Read more at apnews.com ...
Never mind. Read hastily. Is there a delete button???
You melt it down and sell the gold as ordinary bullion bars.
Bullion bars would have to be assayed and numbered,no?
The face value is one million Canadian dollars (USD 750,000). The value of the gold is 4.5 million USD.
BTW, there are 12 troy oz. in a troy pound, but each troy oz. weights more than a regular oz.
“Troy weight is a system of units of mass customarily used for precious metals and gemstones. One troy ounce equals 31.1034768 grams exactly (or about 1.0971 oz. avoirdupois).[1] There are only 12 troy ounces per troy pound, rather than the 16 ounces per pound found in the more common avoirdupois system. However, the avoirdupois pound has 7000 grains whereas the troy pound has only 5760 grains (i.e. 12 × 480 grains).”
https://en.wikipedia.org/wiki/Troy_weight
>>Wow<<
Most expensive parking meter ever.
They probably melted it down and found it to be gold plated lead. Arrrrgh!
No, professionals of the James Bond Caliber........
stolen on an order from a collector.
Don't you know that there are extremely wealthy collectors, of all kinds of different things, who pay theives, very big amounts of money, to get them something that they want to own and gloat over?
Government-declared face value vs intrinsic value of the precious metal.
It’s always a big problem with precious metal coins.
Troy oz.s and lbs are different than regular ozs and lbs. A troy oz is 31.1 grams and a Troy pound only has 12 ozs in it. Versus 28.35 grams per regular oz and 16 oz per regular lb.
I think the "face value of the coin is $75K, not melt value, e.g. a US $20 gold coin has .9675 oz of gold in it.
Ummm... it’s not how many ounces in a pound, precious metals are measured in Troy ounces. Just sayin...
Easily converted and sold. Just melt it down and cast it into one ounce ingots or smaller. Untraceable and negotiable.
Troy has their own way of weighing things?
Does the rest of Alabama know about this?
I’d hate to think that I ordered a Quarter Pounder at the McDonalds in Troy and I got like a Tenth Pounder, instead.
I suppose the Burger King in Troy is a Burger Duke or something.
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