0.5 G Gold St. Gaudens 20$ Bar/scrap/bullion…does This Coin Has Any Value?
It says 20$ on it, can it be used as a 20$ value? There are like 500 coins on ebay sold by a single seller…kind of curious as to where he gets these from…couldn’t find them anywhere in the internet except ebay…i might be wrong…anyone willing to give an insight?
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If I understand the weight to be 0.5 grams, than the gold must be at least 19K or better to be worth $20US. Gold coins usually say .999 fine, which would correspond to 24K. A half gram of 24K gold is worth about $26.34US.
Bar/scrap/bullion could be anything. Just because something says $20 on it, dosn’t mean it’s worth $20. I suspect this person is trading on people’s ignorance. Even it it was real gold, your local grocery store probably would not accept it in payment.
Compare with a krugerrand:https://online.kitco.com/sellprice/coins…
Grandpa