DIGDIG
Full Member
- Nov 23, 2009
- 189
- 41
- Detector(s) used
- WHITES SURF P.I.
- Primary Interest:
- All Treasure Hunting
Recently I been buying older gold coins to put away for my kids, even though I don't have much money when I get extra- such as overtime or tax time I try to pick one up. Today I went into a pawn/thrift store and asked the scum behind the counter if he ever gets gold coins- the first thing out of his mouth was "yeah, I melt them" UGH!!.
So I tried to explain to the dumb @$$ that the melt value on a old gold coin is nothing compared to it's numistic value.
So now I wonder how many stupid people take gold coins to the "we buy gold" place and sell them for the gold value, how many are getting melted down.
Now I am seeing it even more as a wise investment. Gold coins being melted merely for the gold makes the coins left even more rare but I just don't get the stupidity. I see these coins as a fantastic piece of art and history, I wonder all the things that coin traded hands for over the years. Keep in mind most of your gold coins are 100+ years old. The fact that they don't tarnish or corrode like silver and copper keeps them looking great. Unless a coin is total FUBAR, melting it should be crime.
So I tried to explain to the dumb @$$ that the melt value on a old gold coin is nothing compared to it's numistic value.
So now I wonder how many stupid people take gold coins to the "we buy gold" place and sell them for the gold value, how many are getting melted down.
Now I am seeing it even more as a wise investment. Gold coins being melted merely for the gold makes the coins left even more rare but I just don't get the stupidity. I see these coins as a fantastic piece of art and history, I wonder all the things that coin traded hands for over the years. Keep in mind most of your gold coins are 100+ years old. The fact that they don't tarnish or corrode like silver and copper keeps them looking great. Unless a coin is total FUBAR, melting it should be crime.