Gold coin for $19.95?
 

The American Mint is offering a solid 14k gold coin for $19.95... What is the gold content of this coin and is it a good deal?

http://www.americanmint.com/IL4-34/

Re: Gold coin for $19.95?
 

If something sounds too good to be true.....

Re: Gold coin for $19.95?
 

11mm is pretty small and I wonder how thin???

Re: Gold coin for $19.95?
 

Calculated these mintings before:
58.5% gold * .5 grams /31.1034768 oz/gram * $953/oz = getting $10.51 of gold for $19.95.

Sweet.:sarc:

Re: Gold coin for $19.95?
 

Call and ask 'em.....ad says "11mm size".....but gives no other details.

By comparison, a 1/10 ounce US gold eagle is 16.5mm in diameter.

Get the weight.....multiply by that 14/24 times spot price and see what you're ACTUALLY buying besides a load of hype....I'd guess you're getting maybe 10 bucks worth of gold for 19.95 + shipping/handling.

Re: Gold coin for $19.95?
 

Just snag a 14k earring from the wife unit and smack it flat with a hammer!
Instant 14k coin. You're welcome!:36_1_11:

Re: Gold coin for $19.95?
 

I wouldn't get it simply because it does not have the weight and purity stamped on it.

Re: Gold coin for $19.95?
 

And when the wife smacks me flat with the hammer, then what?

Re: Gold coin for $19.95?
 

Also read the fine print. It looks like they will be sending you more overpriced coins in the mail that you will have to return.

Re: Gold coin for $19.95?
 

Hmmm, good point. You better take both of them and make 2 coins. She may not notice a missing pair but she would surely notice a missing one.
I'm here to help!!:36_1_11::bear_thumb:

Re: Gold coin for $19.95?
 

I have heard this ad on t.v. they call it a solid gold clad proof. I laughed until I realized how many old ladies and novices will fall for it.