8 oz. coin
 

I have a couple of half pound (8 oz.) silver coins covered in 24 kt. gold. They have liberty on one side and an eagle on the other. I also have the CA for them (US minted). Do they carry a nice (or any) premium?

Re: 8 oz. coin
 

Try searching for them on ebay and see what they are selling for. Do they say 8 oz .999 silver on them?

When coins/medals etc. are dipped in gold, the amount of gold used is generally so tiny that it doesn't matter.

When you say US minted, you mean they were minted by a private company in the US, right? I can pretty much promise you they weren't minted by the US mint.

Got a pic?

Re: 8 oz. coin
 

I have the same question about this coin. ive tried looking in ebay, google, the washington mint site ... nothing. I cant find any evidence this coin even exists. Any clues about this? :confused:

Re: 8 oz. coin
 

I already looked on eBay- no go.

Here's some details from the CA:

The Washington Mint
Certificate of Authenticity
Giant Half-Pound Golden Eagle

...Each Giant Half-Pound Golden Eagle has been individually die struck by The Washington Mint, and each contains one-half pound of .999 pure silver layered with genuine 24 karat gold.

It also gives specifications repeating the .999 silver claim and giving the diameter and design (St. Gaudens' and American Eagle)

However, the coins themselves DO NOT have .999 on them (which concerns me). They have "One Half Pound Fine Silver"

Re: 8 oz. coin
 

Attachment 13746

If it's this one, it's a golden eagle.

5000 minted each year. Nothing special really. If you hit the right buyer on the flea, you might get a nice amount over spot.

Re: 8 oz. coin
 

Yeah, the Washington Mint is a private company that puts out stuff like that at a pretty big premium over spot for collectors, not investors or people interested in the metal content

If you like it and you want it as a collectible, then cool. If you are interested in it as a store of silver, I would suggest you sell it to someone on ebay or whereever, and take the proceeds and buy some sort of recognizable silver like 90%, one ounce rounds or bars, or ASE's. I just say this because when silver goes through the roof people will want assurances that what they are paying for or trading for is what they are getting. A privately minted coin that does not say that it is 999 fine silver, and is dipped in gold to boot might not cut it. Just my opinion.

Re: 8 oz. coin
 

That's the one- Not too worried about selling as I'm PM for the long haul but I just hadn't heard much about it and wondered if I was sitting on something really special...

Re: 8 oz. coin
 

Re: 8 oz. coin
 

Nice looking coins. I don't really like it when silver is encased in plastic though. Just something about it. If I was not selling silver, I would just keep ahold of them.