Why Don’t We See Worn Down Gold Coins?
This video tackles a viewer’s question regarding pre33 cull gold and why we don’t see it as prevalent as cull constitutional silver. I stack silver and gold to hedge against our debt-fueled, fiat currency-based economy that I am convinced is in severe trouble. Consider stacking silver and gold yourself to help you build and preserve wealth. And thank you for watching Campbell’s Coins! Reach me: [email protected] Follow me on Instagram for more gold and silver content https://www.instagram.com/campbellscoins/ Mailing: Campbells PO Box 911 Davis, CA 95617 If you’re looking to support my channel, consider using one of the Amazon links I have listed below. It costs you NOTHING to use my links and you don’t have to purchase the item in the link. Thank you all! Items I use: Capsules for Silver Eagles: https://amzn.to/3fKIX2b Capsules for Gold Eagles and Gold Buffalos: https://amzn.to/3AobJPz Capsules for Gold Maples and Britannias: https://amzn.to/3tO7Dzh Plastic coin flips: https://amzn.to/3KAouLC Clear coin display easel: https://amzn.to/3Am6Jeu Jewel lupe: https://amzn.to/3Io4Pgf Small Scale: https://amzn.to/3Iub2XN Cotton gloves: https://amzn.to/3qMyidO My camera set up: Camera: https://amzn.to/3tK4pwF Camera lens: https://amzn.to/2JJ58Jr 100mm Macro lens: https://amzn.to/3qNnCvf Microphone: https://amzn.to/2LhVWwB DISCLAIMER: I am a participant in the Amazon Services LLC Associates Program and B&H Affiliate Program, both an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. Some of the above links are affiliate links where I may earn a small commission at no additional cost to you. I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice. Music and sound effects by: https://www.epidemicsound.com/music/featured/ Topics Discussed: gold bullion, gold coins, gold coin, cull, cull gold, worn down gold, worn gold, old gold coin, old gold coins, question of the day, viewer question, Q&A, the more you know, why don’t we see worn gold coins, where is the cull gold, cull silver, is gold soft, how soft is gold, precious metals, questions about gold, questions about gold coins, gold stacking, buying gold, worn down gold coins, pre33, pre33 gold, gold eagle, double eagle, half eagle, quarter eagle #gold #pre33gold #goldcoins
Never thought about cull Gold until now, and now I know. Thank You Sir.
Love the video, never saw a worn out gold piece before. I’m willing to bet there will never be a culled platinum bullion piece. If there were, it’d be so rare it’d be priceless. Hey, wait a minute! Note to self: Start carrying around a platinum coin as a pocket piece for the next 30 years, then retire wealthy.
exactly , melted, ie scrapped ,in fact the same massive melting issue is occuring for gold jewelry , solid and filled 14,12 and 10k..i work with a lot of scrappers and see “culls” go into the pot frequently. and right now with the physical shortage of pms goin on, its goin on more than ever before.
Love your videos man
Interesting indeed, never thought about that before. Thanks for digging into it a bit!
If worn out gold coins are worth more … then I’m gonna put some coins in a Rock tumbler!
Interesting topic, thanks for posting.
A1
Agree with many of the comments.
Many more silver coins were minted than gold and more commonly used in daily commerce–hence greater wear. In the 1880s, for example, the average annual US wage was ~$500-600 per year or ~$10 per week. Most purchases in daily life were small compared to our experience. Small denomination silver and copper coins were more practical, useful and “used.” There were a few $1 gold coins minted but they were diminutive and I suspect not as desirable to use compared to a Morgan. Carrying a larger 5 dollar gold coin would be like walking around with half your weekly wage/salary in your pocket.
Consider how many skanky $100 and $50 federal reserve notes you see compared to skanky $1 bills?
Didn’t they settle international trade with gold coins? If so very little ware would have occurred.
You ever seen a Leprechaun in a gold mine? ⛏️
Exactly.
Gotta come from somewhere. 🍀
Excellent question. Your theory is most likely spot on. Great video bro.
Good question but yes down to melting. One of the coin shops I can occasionally get to has either nice coins or he’ll melt them. I’ve seen some dealers offer ‘grade b’ stock which is too good to melt but has some sort of damage probably ex jewellery mount or similar
Even “Cull” gold would have high premiums right now… 😒
Recently bought an 1882 liberty half eagle. Not in the greatest of shape, but it’s my first gold coin, and I love it lol
Purchasing a worn indian gold coin wouldn’t bother me in the least. I’d probably buy cull morgans/peace dollars if there were a reasonable deal. But they’re one of the worst premiums right now. I could see buying 10 or 20 though, just to know they were protected from melting by me. I’m funny like that lol
I think gold coins were just not put in circulation as much as lower value silver coins… Gold coins were saved for “big” purchases. Just think about this: when was the last time you came across a raggedy 100 dollar bill.
Great video! Thanks for sharing.