Gold plated commemoratives versus Gold coins

The Professional Numismatists Guild thinks some collectors might need a little help and has issued a warning about buying gold-plated tribute coins under the mistaken impression they are an investment in gold.

“These tribute replicas may be fine souvenirs and mementos as inexpensive medallions, but should not be considered an actual precious metal investment because they have only a razor-thin coating of gold and virtually no secondary market value as gold,” explained Jeffrey Bernberg, PNG president.

“Some of the look-alike tribute ‘coins’ are advertised as containing 14 milligrams (mgs) of 24 karat gold. That equals a minuscule .00045 troy ounce of gold; less than one-thousandth of an ounce. So, if the price of gold is at $1,690 an ounce, then 14 milligrams would be equal to only about 76 cents’ worth of gold,” he said.

Citeer: coinsoldier“Some of the look-alike tribute ‘coins’ are advertised as containing 14 milligrams (mgs) of 24 karat gold. That equals a minuscule .00045 troy ounce of gold; less than one-thousandth of an ounce. So, if the price of gold is at $1,690 an ounce, then 14 milligrams would be equal to only about 76 cents’ worth of gold,” he said.

If you want to invest in 76 cents in precious metals, invest in a tiny silver coin!

Great souvenirs only.

Citeer: coinsoldierGreat souvenirs only.

I wouldn't even go as far as to call them that lol