Northeast Posted March 25, 2018 Share Posted March 25, 2018 Beautiful finds. You say they are $5 gold coins. I assume $5 value at the time they were created. What do they weigh? What purity of gold are they? Just the other day a lady I work with brought a Krugerand (I think that's how it is spelt) to work. A South African gold coin that weighs exactly an ounce. Beautiful . She has 7 of them that her father left her. 1 Link to comment Share on other sites More sharing options...
GB_Amateur Posted March 25, 2018 Share Posted March 25, 2018 49 minutes ago, Northeast said: I assume $5 value at the time they were created. What do they weigh? What purity of gold are they? Up until 1970's the price of gold was locked to the dollar, so, yes, $5 gold coin had $5 of gold in it when minted. Prior to 1934 the fixed price was $20.67 per tr.oz and starting then until 1975 it was $35.00. According to my Red Book, beginning in 1839 and going all the way until early 1930's when gold was no longer minted into US coins, the $5 piece had a mass of 8.359 g and a composition of 90-10 gold-copper by weight. 1 Link to comment Share on other sites More sharing options...
Northeast Posted March 25, 2018 Share Posted March 25, 2018 Thanks GB. So a little over $400 Australian of gold per coin. Very nice! Link to comment Share on other sites More sharing options...
johnedoe Posted March 25, 2018 Share Posted March 25, 2018 Huge congrats to the finder.... What a fantastic find....... Link to comment Share on other sites More sharing options...
GB_Amateur Posted March 25, 2018 Share Posted March 25, 2018 1 hour ago, Northeast said: So a little over $400 Australian of gold per coin. Very nice! That's the melt value (ignoring processing costs). Similar to nuggets, the collector value even for a common date US gold coin is higher, and of course if it's a rare date+mintmark then much higher. Any way you slice it, a once in a lifetime find. 2 Link to comment Share on other sites More sharing options...
deathray Posted March 26, 2018 Share Posted March 26, 2018 Fantastic!!! Link to comment Share on other sites More sharing options...
Walker Posted March 26, 2018 Share Posted March 26, 2018 I have only found that much in nuggets in one day a few times. So so nice. Those nuggets bring a premium for sure. They are so much more rare than their native brothers. Link to comment Share on other sites More sharing options...
nolan_dusty Posted March 26, 2018 Share Posted March 26, 2018 On 3/12/2018 at 8:49 PM, Gerry in Idaho said: GOLD COIN ALERT. A HAND FULL of $5 US Gold Coins found today. Not only has he been a friend of our family for many years, my dad got him involved into metal detecting 20+ years ago and today was the PAY DAY. 1st his daughter digs a 1905-S $5, but then they dig 8 more. Congratulations to you both. Gold nuggets come in many ways and they will remember this day forever. Them would be fine by me. Just a cool if not cooler than a nugget in my book. Awesome find keep it up! 1 Link to comment Share on other sites More sharing options...
tvanwho Posted March 26, 2018 Share Posted March 26, 2018 so, did they read like pulltabs or foil or ? Link to comment Share on other sites More sharing options...
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