- Jul 5, 2014
- North Shore, MA
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Not sure if this was an edit to the story or you saw it already : “The “uncirculated” the US Mint is referring to means the coin comes in the Mint’s presentation box with a Certificate of Authenticity.”Uncirculated is just whatever pops out of a mint tube, right? $67?
Edit - just saw in the story that they say uncirculated is a step above the tubes but not quite numismatic. Still - $67?
When Germany invaded Denmark in World War II, Hungarian chemist George de Hevesydissolved the gold Nobel Prizes of German physicists Max von Laue (1914) and James Franck (1925) in aqua regia to prevent the Nazis from confiscating them. The German government had prohibited Germans from accepting or keeping any Nobel Prize after jailed peace activist Carl von Ossietzky had received the Nobel Peace Prize in 1935. De Hevesy placed the resulting solution on a shelf in his laboratory at the Niels Bohr Institute. It was subsequently ignored by the Nazis who thought the jar—one of perhaps hundreds on the shelving—contained common chemicals. After the war, de Hevesy returned to find the solution undisturbed and precipitated the gold out of the acid. The gold was returned to the Royal Swedish Academy of Sciences and the Nobel Foundation. They re-cast the medals and again presented them to Laue and Franck.
Just typically government waste. It should not cost $67.
I've put away some silver bullion and a couple of gold coins, mainly for it's SHTF value and to complement the guns, ammo, emergency food stores. What is everyone's thoughts regarding graded silver and gold coins? I've seen various graded/proof coins that have a cost premium well above it's actual metal value. Would such coins retain a premium if the SHTF? Or is the consensus of NES to simply stick with bullion/non-graded coins?
Yea but gold was around 40-50$ an ounce back then. I was in the service and was making 80$ a week.
Yeah, Gold was fixed at $35 until 1971, but was very undervalued and foreign governments were cashing in their dollars for gold, that's why Nixon had to take us off the gold standard
I have a friend whose husband runs a pair of businesses that are very cash centered. They’re always finding big stacks of small bills squirreled away around their house, in the walls, etc.
My dad had enough foresight to save up all his pre-64 dimes, quarters, and half-dollar coins, and gave them to me when I was a kid.
I still have those plus a lot more from what I collected over the years.
Much later, he handed off his gold stash to me about 5 years ago (yep he was smart enough to also hang on to all the Au he bought going back to the 60's and never sold any of it) .
I'm sure glad he saved everything, instead of selling off....
I think gold in 1971 was still fixed by the government, but it was adjusting the price. It didn't float the price completely til 1976.
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With inflation on the rise and a gold run looming, President Richard Nixon's team enacted a plan that ended dollar convertibility to gold and implemented wage and price controls, which soon brought an end to the Bretton Woods System.www.federalreservehistory.org
the price was still fixed (but regularly adjusted) I think until 1976. In 1975 the government allowed the public to buy gold again.
And you posted mint prices, that's retail gold, mint coins etc, rather than the official spot price, or whatever they called it back then.
In 1971, President Richard Nixon said the U.S. would no longer convert dollars into gold at the official exchange rate
in 1976, Nixon officially abandoned the gold standard altogether.