LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

This Is Not a Printing Press
By: Peter Schiff, President and CEO Euro Pacific Capital

Gold Resource Corporation Reports Record Third Quarter Gold Production and Increases 2019 Annual Gold Production Outlook by 42%
By: Gold Resource Corporation

Signs Still Point To Lower Levels In Metals
By: Avi Gilburt

Precious Metals Update Video: BREXIT in focus, gold price in a stall
By: Ira Epstein

The Days the Music Died
By: Gary Christenson, The Deviant Investor

Precious Metals Update Video: Gold downside bias, supports below
By: Ira Epstein

SILVER PRICE UPDATE: Key Technical Levels While The Underlying Fundamentals Improve
By: Steve St. Angelo, SRSrocco Report

Asian Metals Market Update: October-16-2019
By: Chintan Karnani, Insignia Consultants

The Optimist’s Guide to Airlines and Gold
By: Frank Holmes, US Funds

“Baghdad Jerome” Powell Denies the Fed Is Using Financial Crisis Tools
By: Clint Siegner, Money Metals

 
Search

GoldSeek Web

 
Gold Coins

By: Thomas Chaize, Dani 2989, Dani 2989


-- Posted Tuesday, 16 November 2004 | Digg This ArticleDigg It!

Here is a fast panorama of the situation of golden coins. I would explain in next articles the history of each of these coins. The numistique is a part of the market of the gold and as such it deserves some lines from time to time.

I. The price.

Data

14 november 2004

Price oz gold

437.5 $/oz

Quotation

Paris

 

Coins

Gold weight

Total weight

Values gold €

stock exchange

Premium

Premium %

20 francs

5.8

6,45

62.98 €

61.90 €

-1.08 €

-1.8

50 Pezos mex

37.49

41.66

407.22 €

392.75 €

-14.47 €

-3.7

10 $ US

15.04

16.71

163.4 €

180 €

16.6 €

9.2

20 $ US

30.09

33.43

326.8 €

397 €

70.2 €

17.7

20 fr suisse

5.8

6.45

63.05 €

61.9 €

-1.15 €

-1.9

10 Florins

6.05

6.72

65.77 €

63 €

-2.77 €

-4.4

Krugerrand

31.07

33.93

337.4 €

329 €

-8.4 €

-2.6

Souverain

7.32

7.98

79.5 €

80 €

0.5 €

0.6

20 Marks

7.16

7.96

77.85 €

74 €

-3.85 €

-5.2

 

II. Details(rooms).

20 francs (France):
Weight: 6.4516 grams
Security(Title): 900/1000th
Diameter: 21mm
This coin also is to call Louis, Napoleon, cock or Marianne.

 

50 Pesos (Mexico):
Weight: 41.666 grams
Security(Title): 900/1000th
Diameter: 37mm
It is a Mexican coin with 37.5 grams of pure gold. She is g
enerally very close to the price of the gold.

$10 (USA):
Weight: 17.7185 grams
Security(Title): 900/1000th
Diameter: 27mm
Head of freedom? 1838 in 1907.
Head of Indian? 1908-1933

$20 (USA):
Weight: 33.437 grams
Security(Title): 900/1000th
Diameter: 34mm
Head of freedom 1? 1850ΰ 1908.
Head of freedom 2? 1909-1933

20 francs (Switzerland):
Weight: 6.4516 grams
Security(Title): 900/1000th
Diameter: 21mm
It is made from 1883 till 1949.

 

10 guilders (Netherland):
Weight: 6.729 grams
Security(Title): 900/1000th
Diameter: 22mm
It is made from 1875 till 1933.

 

(South Africa) Krugerrand:
Weight: 33.93 grams
Security(Title): 916/1000th
Diameter: 32mm
Krugerrand is made since 1967.

 

Sovereign (England):
Weight: 7.988 grams
Security(Title): 916.5/100th
Diameter: 22mm
Coins between 1817 and 1932.

 

20 marks (Germany):
Weight: 7.965 grams
Security(Title): 900/1000th
Diameter: 22mm

 

III. Example.

An example: the 20-franc coin (more known under the name of Napoleon).
The coin weighs 6.45 grams and contains 5.8 grams of gold.

The quotation in the Paris Stock Exchange gives a value 61.9€ to the Napoleon, and the gold contained in the coin has a value 62.98 euro. Be careful!! it is a theoretical value at the precise moment between a seller and a buyer. But if you buy a Napoleon below 62.98 euro, it is less than the value of the gold that it contains.

Coins globally have no premium or a very weak premium, that is we do not more pay dearly a coin than a piece of raw gold. This is a temporary abnormality which should evolve bit by bit with the price increase of the gold. In 1980, the napoleon had a premium of almost 100 % on the price of the raw metal, today this premium completely disappeared, for how long?


Gold coins still have no extra premium and it should not last Eternally with the increase of the price of the gold. Golden coins should see "mechanically" their price rising with the increase of the gold and the second reason so that the price horsemanship it is that their premium is in most low.

Thomas Chaize

Mailing

dani2989@voila.fr 


-- Posted Tuesday, 16 November 2004 | Digg This Article



Previous Articles by Dani



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.