Community post
Restrike That
As precious metals become more and more expensive, I'm starting to wonder if I should switch to buying 1/20-ounce pieces. Fortunately, there are always deals from exchanges that work with my budget. Even then, I might still have luck trying out the secondary market.
This gold coin is an official restrike of the 1915 1 Austrian Ducat. It's approximately 0.1107 troy ounces. The face on the coin is Franz Joseph I. Coins like this were trade coins. In other words, they were used to settle trades between countries and not by the general public as legal tender.
For about $280, I thought this was a pretty good purchase given most 1/10 oz gold denominations are slightly more expensive than it.
An actual trade coin would cost much more than the coin's spot price in troy ounces. For example, a one-ducat piece would be around 120K!
While the one I bought may have no collector value, I'm all about being economical with how many ounces I can get. Besides, the design on it is pretty cool. I hope to come across pieces like this in the future.
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Replies (42)
That is sweet! Where did you buy it from?
This one was from APMEX.
I’ll give it a look see
The coin were made of good purpose, as it was used to settle trade between country's, I am sure, coins like this will keep appreciating in value.
The coin looks really good
I would just stick with kilo bars. They look the coolest.
I saw this one, a one kilo gold coin lol.
Yes.
That looks kind nda cool to have.
This coin is really looking so shiny
It’s a very precious coin
Anyway you can add to the stack add to it. Those re-strikes are pretty readily available, I’ve seen them a lot. They originally thought they’d sell well like the silver re-strikes but they didn’t.
It is an affordable way to check out history.
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BEER.My hats off to anyone who are able to collect European gold coinage, a field of immense variety and history. Since my pockets are not very deep I'm forced to mostly stack the typical gold Maple Leaf.
I'm cheap, so I take the restrikes versus getting the actual old coins.
That really looks so golden and shining so bright I must confess
It seems like THEMARKYMARK is dealing with some personal drama and mental issues, which might be causing them to spam us and others with baby pics, GIFs, and questionable content he's been doing the same for years. The fun doesn't stop there, as this seems to be a recurring theme with multiple online personas. The real question is, do we want to trust these drama-magnets with our hard-earned funds or any significant influence on Hive?
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lol the Marky mark keeps dreaming
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STOPI've bought a lot of these over the years and I like them. I think they're a great deal on gold and have never purchasing any of them. Great buy!
What? That paragraph was a bit hard to understand.
Sorry, probably these stupid pain pills they just gave me! I bought up a bunch of the 1/10 oz years ago at a jewelry shop, paid spot on all of them. It was a great buy, they're great gold!
That sounded like great deals!
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Franz Joseph I was an old fox beast. .. very nice addition to your collection!
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I check history in more cheap and convenient way, watching stories on YT, !LOLZ 😝
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Heh clever!
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