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Q: Where to buy German gold coins ( Answered 5 out of 5 stars,   0 Comments )
Question  
Subject: Where to buy German gold coins
Category: Miscellaneous
Asked by: sfilzen-ga
List Price: $5.00
Posted: 22 Feb 2003 12:50 PST
Expires: 24 Mar 2003 12:50 PST
Question ID: 165672
My local Thomas Cook office sells numerous gold coins from around the
world but none from Germany.

How can I purchase German gold coins? Please provide detailed contact
information, name, address, phone, email, website, etc of a reputable
source.

If Germany does not mint gold coins, does anyonw know the reason why?

Thanks.
Answer  
Subject: Re: Where to buy German gold coins
Answered By: scriptor-ga on 22 Feb 2003 13:44 PST
Rated:5 out of 5 stars
 
Dear sfilzen,

The Bundesfinanzministerium (German Federal Ministry of Finance) does
issue Gold Euros. In 2002, a 100-Euro-coin has been issued in a
limited edition of 100,000 pieces per minting place, with a total
number of 500,000 pieces. Also, a 200-Euro-coin was issued, with only
20,000 pieces per minting place, in a total number of 100,000 pieces.
I did not find these 2002 Gold Euros being available from dealers
anymore. Because of their very small number, they are regarded highly
collectable. Currently, they are objects of speculation rather than
collector's items.

But the Bundesfinanzministerium has announced that from 2003 to 2007,
each year a commemorative 100-Euro gold coin will be issued. These
coins are, of course, fully-fledged currency in addition to their gold
and collector's values.

The safest, most convenient and most reputable way of purchasing the
German Gold Euros, as well as other current German collector's coins,
is obtaining them directly from the Bundeswertpapierverwaltung (German
Federal Administration of Bonds), a sub-authority of the Ministry of
Finance. They have a special collector's service which you can reach
using this contact information:

Bundeswertpapierverwaltung 
Bahnhofstr. 16-18
61342 Bad Homburg v.d. Höhe
Germany
Phone (general contact): +49(0)6172-108-0
Phone (coin collector service): +49(0)6172-108-521
Fax: +49(0)6172-108-450
E-Mail via contact form:
http://213.70.97.11:8080/emtmailer/Kontaktformular.html
Website (coin collector service):
http://www.bwpv.de/sammlermuenzen.php3

Once you have pre-ordered a coin in time, it will be sent to you as
soon as it is issued. The price is calculated after the gold price on
the day before first issue, plus packaging, shipping and a general fee
of 25 Euro.

To see the front and back of the 2003 Gold Euro, please follow these
links:
http://www.bwpv.de/bilder/gold_03_v_web_gr.gif
http://www.bwpv.de/bilder/gold_03_r_web_gr.gif

A short remark about the history of German gold coins: Gold coins were
minted in Germany until 1915. When, during WWI, gold became too rare,
no further Goldmarks were issued. It was not before 2001 that an
official German gold coin was issued again, a 1-Mark-piece, shortly
before the Deutsche Mark had to give way to the Euro.

Sources:

AOL.de: Finanzen Spezial - 200-Euro-Goldmünze Deutschland
http://www.aol.de/finanzen/special/contentview.jsp?nr=16&cid=300275

AOL.de: Finanzen Spezial - Wo bekommt man einen Gold-Euro?
http://www.aol.de/finanzen/special/contentview.jsp?nr=16&cid=300629

numisWEB: Das Highlight des Jahres: Die Goldeuros
http://www.numisworld.net/print.php?sid=28

Chard: German 100 & 200 Euro Coins in Gold
http://www.24carat.co.uk/2002germanygoldeuros.html

Search terms used:
"german gold coins"
://www.google.de/search?hl=de&ie=UTF-8&oe=UTF-8&newwindow=1&q=%22german+gold+coins%22&meta=
goldmünzen euro
://www.google.de/search?q=goldm%C3%BCnzen+euro&ie=UTF-8&oe=UTF-8&hl=de&meta=
"gold euros"
://www.google.de/search?q=%22gold+euros%22&hl=de&lr=&ie=UTF-8&oe=UTF-8&newwindow=1&start=10&sa=N
bundesbank goldmark
://www.google.de/search?hl=de&ie=UTF-8&oe=UTF-8&newwindow=1&q=bundesbank+goldmark&meta=

Hope this answers your question!
Best regards,
Scriptor

Request for Answer Clarification by sfilzen-ga on 22 Feb 2003 15:23 PST
Hi

Do you know where I can purchase them in the United States (especially
in the New York City area)?


Thanks
sfilzen

Clarification of Answer by scriptor-ga on 22 Feb 2003 15:42 PST
Dear sfilzen,

Since the German gold coins are official currency, I recommend not to
buy them at a dealer. It would be very expensive and precarious, due
to the small number of coins minted. Branches of German banks in New
York are also able to supply you these coins, though pre-orderin is
highly recommendable.

Next time you are in Wall Street, visit the Deutsche Bank Private
Banking branch there:

Deutsche Bank Company
16 Wall Street
New York, NY 10005-1901
Phone: (+1) 212 469 5000

Make sure they don't try to get rid of you with excuses; they can
pre-order and supply official German collector's coins. But they might
try to avoid the extra work connected with it.

Best regards,
Scriptor

Request for Answer Clarification by sfilzen-ga on 23 Feb 2003 12:30 PST
hi Scriptor,

I don't want to buy any commerative coins, just want to buy coins that
are priced at only a slight premium to the actual gold content.

Do you know if the coins are imprinted with any sort of German
identification, like Government of Germany. It would be a shame if
after going to the trouble of buying these coins, they just say
European Union.

sfilzen

Clarification of Answer by scriptor-ga on 23 Feb 2003 13:10 PST
Dear sfilzen,

All German Euro gold coins are marked with the German Federal Eagle
(the German Coat of Arms) and with the words "Bundesrepublik
Deutschland" (= Federal Republic of Germany) on the back side to
identify them as coins of German origin.

Actually, all European Euro coins do only share the front side
designs; on the back sides, there are national coin motifs, such as
Federal Eagle or Oak Leaves (Germany), composer Wolfgang Amadeus
Mozart (Austria) or monarchs (Spain, Netherlands, Belgium...). No Euro
coin bears the words "European Union" or the like, all coins are
identifiable as coming from a particular country by their different
national back side designs. Yet the standard coins are, of course,
valid in all countries participating in the common European currency.

The 100-Euro-gold coins are not commemorative items in the sense that
they are only made for collectors. They are real currency.
Theoretically, you could walk in any German shop and buy something for
100 Euros (though the gold value might be significantly higher).

Apart from these special gold Euros, Germany does not issue any other
gold coins, since they are not part of the European common coin
system.

I know for sure - I am German.

Best regards,
Scriptor

Request for Answer Clarification by sfilzen-ga on 23 Feb 2003 13:38 PST
Glad to meet a fellow German. My father is German.

Thank you very much for your thorough answer and will rate your answer accordingly.

Clarification of Answer by scriptor-ga on 23 Feb 2003 14:08 PST
Dear sfilzen,

It was a pleasure to help you!

Best regards,
Scriptor
sfilzen-ga rated this answer:5 out of 5 stars
Great work!

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