18 Year Tradition

[Basil]

18 year tradition continues

 

[DrEntropy]

Somebody is Walking...

 

[tao724]

My fav char......

 

[DrEntropy]

I think that's stellar. Anonymity. :thumbsup:

 

[Mickey Richaud]

Been happening here and in Nashville the last several years.

Good on whomever!

 

[vagt6]

The true spirit of giving.

Cheers on him!

 

[RomanH]

While I commend the donor for their generous gift I am a bit aghast at the price paid by the dealer who bought the coin.

"Stillwell said the coin was sold to a local dealer for $500"

The picture in the article showed a 1 ounce coin. The current rate for gold is $1120. Seems to me someone profited at the Salvation Army's expense. :madder:

 

[Basil]

While I commend the donor for their generous gift I am a bit aghast at the price paid by the dealer who bought the coin.

"Stillwell said the coin was sold to a local dealer for $500"

The picture in the article showed a 1 ounce coin. The current rate for gold is $1120. Seems to me someone profited at the Salvation Army's expense. :madder:

It would certainly seem so, but how pure is the coin? I dunno, just asking.

 

[Mickey Richaud]

The news report here said that the coins discovered in Clarksville and Nashville were worth $1100. May be subjective...

 

[RomanH]

It would certainly seem so, but how pure is the coin? I dunno, just asking.

This from Wikipedia: The Krugerrand's actual weight is 1.0909 troy ounces (33.93 g). It is minted from gold alloy that is 91.67% pure (22 karats), so the coin contains one troy ounce (31.1035 g) of gold. The remaining 8.33% of the coin's weight (2.826 g) is copper (an alloy known historically as crown gold which has long been used for English gold sovereigns), which gives the Krugerrand a more orange appearance than silver-alloyed gold coins. Gold alloy coins are harder and more durable, so they can resist scratches and dents.

The coin has 1 ounce of pure gold. So the price of the coin is face value plus the spot price of the gold which total is more than $1100.

 

[bugimike]

Was that local dealers name... Madoff?...Taking advantage of a charity like that is lower than low !!! Yeah, c'mon folks turn your old gold into cash (mostly for the "dealer"!!).

 

[GregW]

Seems to me someone profited at the Salvation Army's expense. :madder:

Maybe, but no one forced them to sell at that price. With their chain of stores, I'd wager they have easy access to figuring out the value of just about any item.