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Gold coin donated for 18th straight year
upi ^
| Dec. 11, 2009
Posted on 12/12/2009 5:12:49 PM PST by JoeProBono
CAPE GIRARDEAU, Mo., Dec. 11 (UPI) -- Salvation Army officials in Missouri said someone carried on an 18-year tradition by dropping a gold coin into one of the charity's donation kettles.
Maj. Ben Stillwell of the Salvation Army said a Krugerrand South African gold coin wrapped in a U.S. dollar bill was dropped into a kettle at the Sam's Club in Cape Girardeau, marking the 18th straight year that a gold coin has been donated to a kettle in the city, the Southeast Missourian reported Friday.
Stillwell said the coin was sold to a local dealer for $500, bringing the charity closer to its Tree of Lights celebration goal of raising $307,000 by Jan. 11. He said the local Salvation Army has thus far collected just over $160,000.
TOPICS: Society
KEYWORDS: charity; gold; jpb; krugerrand; merrychristmas; mo; salvationarmy
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To: JoeProBono
What fools! I would have given them $800.
ML/NJ
2
posted on
12/12/2009 5:16:28 PM PST
by
ml/nj
To: JoeProBono
3
posted on
12/12/2009 5:17:25 PM PST
by
JoeProBono
(A closed mouth gathers no feet)
To: JoeProBono
Aren’t Krugerands 1oz? If so, I think they got ripped-off since gold is now selling for over $1,000/oz
4
posted on
12/12/2009 5:17:26 PM PST
by
1raider1
To: JoeProBono
Is the Krugerrand minted in 1/2 oz denomination? Otherwise, $500 for the coin is a ripoff.
5
posted on
12/12/2009 5:17:37 PM PST
by
NautiNurse
(Obama: A day without TOTUS is like a day without sunshine)
To: JoeProBono
Good people all along the chain. bump.
6
posted on
12/12/2009 5:17:56 PM PST
by
allmost
To: JoeProBono
***src on***That coin is RACIST!!! The Salvation Army should of rejected it.***src off***
7
posted on
12/12/2009 5:19:08 PM PST
by
C19fan
To: JoeProBono
My bro just bought some for $1190 last week. Purchase price is about $100 less.
Nam Vet
8
posted on
12/12/2009 5:19:34 PM PST
by
Nam Vet
("Goodnight Mrs. Calabash, Wherever you are ! ")
To: ml/nj
What fools! I would have given them $800.
Had to be a 1/2 coin.
9
posted on
12/12/2009 5:19:45 PM PST
by
WackySam
(To argue with a man who has renounced his reason is like giving medicine to the dead.)
To: 1raider1
Denominations of Gold Krugerrand Coins
Originally, there was only one size gold Krugerrand and that was the 1 Troy ounce coin. Over the years, however, the gold Krugerrand has been minted in additional sizes to appeal to private investors of all sized pocketbooks, including:
- 1 Troy Ounce Gold Krugerrand
32.6 mm diameter with 2.75 mm thickness - 1/2 Troy Ounce Gold Krugerrand
27.0 mm diameter with 2.24 mm thickness - 1/4 Troy Ounce Gold Krugerrand
22.0 mm diameter with 1.83 mm thickness - 1/10 Troy Ounce Gold Krugerrand
16.5 mm diameter with 1.19 mm thickness
10
posted on
12/12/2009 5:19:51 PM PST
by
NautiNurse
(Obama: A day without TOTUS is like a day without sunshine)
To: NautiNurse
Krugerrands come in 1 oz, 1/2 oz, 1/4 oz and 1/10 oz denominations.
To: JoeProBono; GOP_Lady; All
Cape Girrardeau, MO is Rush Limbaugh’s home town. Wonder if he or David have anything to do with this? ;)
12
posted on
12/12/2009 5:23:01 PM PST
by
Diana in Wisconsin
( "When you subsidize poverty and failure, you get more of both." - James Davidson)
To: JoeProBono
The only multmillionaire from that area that I know is Rush Limbaugh. He has been doing well for at least the last 18 years.
13
posted on
12/12/2009 5:25:14 PM PST
by
donmeaker
(Invicto)
To: allmost
They come in 1/10, 1/4, 1/2 and 1 oz. That looks like a 1/2oz so they probably did OK but I would have given $550 for it based on the last spot price. Right now dealers are paying around $1100 for the 1oz coins. They usually pay slightly more for the smaller coins because they have to mint more for an oz. If that coin is a 1oz coin then the dealer totally ripped them off.
To: Diana in Wisconsin
15
posted on
12/12/2009 5:28:14 PM PST
by
JoeProBono
(A closed mouth gathers no feet)
To: Ethan Edwards
Somebody dropped this in a bucket. The moral of stated company continues to amaze my jaded soul.
16
posted on
12/12/2009 5:28:48 PM PST
by
allmost
To: donmeaker
17
posted on
12/12/2009 5:31:00 PM PST
by
budwiesest
(It's that girl from Alaska, again.)
To: JoeProBono
Did they ever succeed in killing Farrakhan? :)
18
posted on
12/12/2009 5:31:07 PM PST
by
Diana in Wisconsin
( "When you subsidize poverty and failure, you get more of both." - James Davidson)
To: Ethan Edwards
That looks like a 1/2oz so they probably did OK but I would have given $550 for it based on the last spot price.
It's was probably a small dealer, and only one coin, so the price is fair.
19
posted on
12/12/2009 5:32:35 PM PST
by
WackySam
(To argue with a man who has renounced his reason is like giving medicine to the dead.)
To: Ethan Edwards
How will gold ever be re-instated as a medium of exchange at these prices? For instance, what size 'coin' would I need to buy a twelve-pack?
With that in mind, could it be that the gov. would like to deflate the value of the currency enough to ensure gold may never make a comeback? How about a pack of gum?
20
posted on
12/12/2009 5:37:02 PM PST
by
budwiesest
(It's that girl from Alaska, again.)
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