Posted on 02/23/2022 5:23:55 PM PST by SteveH
i am noticing what appear to be multiple 2022 D USA type 2 one ounce gold eagle milled edge defects.
In each coin that I have recently seen, there is one milled edge "tooth" that is entirely missing. It is as if the milled tooth was shaved off. Using a gear analogy, one gear tooth would be missing.
If anyone else is out there and has 2022 USA one ounce gold eagles, I would be curious to learn if they also have a missing milled tooth.
I have never seen such an edge on a coin before, with USA coins or non USA coins.
If the coin dimensions are constant from year to year, then some of the gold seems to have been shaven off from each coin. Considering how valuable gold is, it would not take many shavings in an industrial setting to accumulate some serious money in the form of nearly pure gold.
Oh, cool, Coin Porn! Thank you!
s’all right...
My father, who has since passed away, used to tell me repeatedly: There are two values for coins, that of the raw metal in which the coin itself is made of and then then value of the coin itself. Heads up.
There are at least THREE values for coins:
1. The FACE value (if it is a $20 Gold Eagle, it has a FACE value of $20).
2. The INTRINSIC value (i.e., the value of the metal). Thus, a $20 Gold Eagle would have the INTRINSIC value of one ounce of gold.
3. The value to COLLECTORS. Thus, if that particular coin were extremely rare, its value to COLLECTORS might actually exceed the intrinsic value (and most certainly the face value).
Regards,
And there you have it.
So anyone asserting that a coin(s) seems high priced compared to the value of the metal its made of is missing what?
Re: 5 - I hear ‘ya. The Type II reverse designs are not my cup of tea. I like to purchase/collect American Eagles just as a hobby, but after looking at all the Type II reverse designs for gold and silver AEs, will be passing on purchase/collecting them. I don’t find them appealing to look at. I’m guessing I’m in the minority.
Are you being serious? Are you asking in earnest?
What I clearly said already: Number 3: The Sammlerwert or Liebhaber value. The value of the coin - which might be made of mere base metals, and have a face value of a penny - to collectors / numismatists.
Regards,
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