By weight, and by relative size to an American coin. For example, is a dollar worth of gold, coined, bigger or smaller than a dime?
Little side story: I got my little brother (8) a hundred dollars in "gold" dollar coins for his birthday. I put it in a little treasure box and everything. Needless to say, he was stoked. Well fast forward to yesterday, he asked me if I can help him (s)melt the gold coins so he can make a gold bar with it. I told him its worth more as is, and he should just spend it on candy and games instead of hording it. (I didn't want to break it to him that theres no gold in dam coins.) Long story short, later that night my dad broke the news to him after catching him cooking coins with a skillet. Man did he felt betrayed by big brother. It was like looking at kid who just found out Santa isn't real.
afterwards he asked me alot of questions that I didn't have answers for, along with this one. So any help on the subject would be awesome thanks.
2007-03-08 06:50:39 · 6 answers · asked by Leon Clemens 2 in Business & Finance ➔ Other - Business & Finance
Oath: I got it for him as a b-day gift. 100 "gold" coins. I mean what looks better to a kid? A c-note, one hundred singles or a treasure chest filled with the new gold dollar coins? That and he collects state quarters so I figure its a good fit.
2007-03-08 07:13:01 · update #1
Today Gold is 28 dollars to a Gram. One gram of gold is much smaller than a dime. It would take about 27 grams to make a coin about the size of a gold dollar. So you can see that to make about one dollar Worth in gold would be a micro sized coin.. It would indeed take all 800 dollar coins just to buy one one real gold coin. And your right about not melting the coin down it would be worth less.
You would need miroscope to see your coin!!!
2007-03-08 07:03:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I would say its probably a little speck. The gold coins you normally see are only 1 oz and the price now is about $670 U.S.
Curious, if you knew they were fake, why did you pay $100 for them?
edit: Ah, the the gold dollar coins. Ok. Hey thats a pretty cool gift actually but you might want to tell him (and perhaps an excuse in the process?) that its illegal to destroy or damage those coins or any Money for that matter.
2007-03-08 06:55:53 · answer #2 · answered by Thought 3 · 1⤊ 0⤋
You should be up front and honest with your brother, he looks up to you. Tell him the truth; he'll understand, tell him that you found out after you gave it to him and didn't have the heart to tell him.
Because big brother has been stoked and didn’t want it to look bad and that you were more mad at yourself for being careless in not thinking and or checking out what was in front of you. Tell him that you also learned a lesson from this and that you felt bad, reading your message it seems like your brother has more courage to still talk to you about it, be the big brother and tell him the truth that it was you and not him and that you apologized and are very sorry that it happened and ask him if he would forgive you for your mistake.
You don’t want your brother looking at this and remembering what you have done to him, you want him to remember that his big brother had the courage to apologized and come up front with all this.
It’s a good lesson for the both of you, It’s seems like you both have a good relationship, don’t let this get in the way. You have the power to make your brotherly relationship get stronger.
Then you take him out!
Be a True Big Brother.
2007-03-08 07:21:15 · answer #3 · answered by Just me! 5 · 0⤊ 0⤋
1 oz of gold (about $650-700) is approximetly the size of a quarter, but much heavier. So divide a quarter in 700 pieces and you have the size of a dollarsworth of gold
2007-03-08 11:38:18 · answer #4 · answered by iball6 2 · 0⤊ 0⤋
it would be much smaller than a dime. A 1/10th ounce gold coin, which is the size of a dime (give or take a gram & millimeter here & there) is worth about $65. You would be talking about crumbs.
2007-03-08 07:06:07 · answer #5 · answered by ricks 5 · 0⤊ 0⤋
The mint when issuing a coin must give it a "Face Value" to make it legal tender. The "Face Value" ofthe coin is not what the coin is "worth" rather a fixed amount of currency value if the coin were to go into circulation. If you took the coin to a store, you could "spend" it for $50, but the coin is actually "worth" more due to it's gold content.
2016-03-18 04:18:24 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Depends on when you ask this question, it's all relative
2014-08-03 19:04:15 · answer #7 · answered by antonio 1 · 1⤊ 0⤋