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.
14 november 2004
Price oz gold
50 Pezos mex
10 $ US
20 $ US
20 fr suisse
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 generally 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
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.
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