NEW GOLD COIN!

[jewelerdave]

I am finally in production of the new gold coins I have been talking about. Thank you to those I have been asking for for Input.

The Front is the Indian head penny and the back is the Gold Eagle Reverse.

Each one is 1/10th ounce of .999 fine Gold all from recycled jewelry and scrap electronics, and double refined for extra purity.
Fact is I make each one heavy Instead of making them 3.11 grams each they are 3.15 to 3.2+ I figure no one can complain if the melt amount is higher than the face.
Dated 2008 and will have a very limited mintage. First Run of 100 will be today. April 2 2008 As to the future of how many will be minted for this year is all dependent on Demand. I will have a web site up in the next few days to market them and to show yearly mintage stats. The first 100 will be going up for sale today. As with any new coin there will be some that are a hair off center but I should have that fixed today with a new centering device. I dont know how many of the first run will be left after today as I will be introducing them on several web sites and selling to several pawn shops and PM dealers over the next few days.

They are the same size as a 1/10th American Eagle.


Web site for the coin!

http://www.enviromintcoins.com/index.html

Forgive all the Environmental liberal stuff but its for our target market.

Thanks!

[Silver Stripe]

Very pretty Dave. Nothing shines like gold. HH Mark

[bradyboy]

I'm not sure I get this.
First of all, is this legal? You show on the obverse side "Gold $ 100" ?
Are you a registered mint / company / corp?
Taxes
How did you measure the .999 fine?
Of what interest would these medallions be to a collector?
I know I sound negative but maybe someone can help me understand.

[jewelerdave]

I'm not sure I get this.
First of all, is this legal? You show on the obverse side "Gold $ 100" ?
Are you a registered mint / company / corp?
Taxes
How did you measure the .999 fine?
Of what interest would these medallions be to a collector?
I know I sound negative but maybe someone can help me understand.

Looks like someone has not been keeping up on things.
I own a business and refinery, its refined to .999
I had the lawyer go over it all.
There is nothing at all mystical about it. We take scrap gold, refine it to pure. And either manufacture it into jewelry and now coins and bars.
We are doing several designs this year of very low mintage specialty coins for collectors. I would guess we will do less than 1000 this year of this design.

Likewise, Any person, organization, business etc. can contract with any number of private mints to have coins, Tokens etc made. Where do you think car wash and Casino tokens come from? yes, you could make them in gold or silver but mostly its base metal.
All I have done is buy a die, press etc, and combined it with our jewelry business and tools as it made more sense to do it ourselves rather than pay upwards of $40 per coin over melt value for limited run collectible gold coins to have some other company do it.

A good comparison is like changing the oil in your car, sure, you can have a dealership do it, or a service station, or you can do it yourself if you have the right tools...and dare I say it, you could open up your own service station and offer the same service for less and make a profit.

I am merely extending my services from fine jewelry to gold coins on the side.

[Immy]

I'm curious about this too and before you get the wrong impression, I believe you're a legit business person and they're beautiful designs. A few questions -

- Is it necessary to label it "recycled"? Isn't all gold recycled?

- Denominations can only be legitimately used on US coins and paper money. Even private mints can't use the "$" or "cents" designation. Isn't doing this "creating" another form of currency, even though that wasn't your intent?

- If I were to turn around and sell these a few years from now, wouldn't they have to be assayed?

[Silver Stripe]

What do the bars look like? I have some placer I was thinking of having refined and cast. HH Mark

[stanjam]

Hehe, now I know who to talk to if I hit that huge cache! Can you turn a large amount of "found" gold into coins without too many questions?

In all seriousness, you would almost HAVE to do something like this if you made a serious find.