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Subject:
gold dubloon
Category: Miscellaneous Asked by: nanney-ga List Price: $25.00 |
Posted:
09 Dec 2004 08:28 PST
Expires: 08 Jan 2005 08:28 PST Question ID: 440381 |
Going to be selling a gold dubloon from venezuela that has been incorporated into a pendant. Front:(along top) "CACIQUES DE VENEZUELA" Bottom: MARA" . A picture of a native in the middle. Back side: same saying on top, a hand holding arrows in the middle. the bottom - "ACUNACION INTERCHANGE BANK" "SUIZA 1955" "20 GRAMOS DE ORO PURO" Any idea what it may be worth? The pendant in no way effects the dubloon |
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Subject:
Re: gold dubloon
Answered By: tutuzdad-ga on 09 Dec 2004 10:19 PST |
Dear nanney-ga; Thank you for allowing me to answer your interesting question. I recommend you use caution in how you advertise this ?coin? in order to avoid misrepresenting it at sale (or at the very least appearing that you don?t really know what you have). The coin you have is not a ?doubloon? at all, but one example of a Swiss minted series coin intended to be used as a gold trade unit. You will see the whole set here: CACIQUES DE VENEZUELA http://www.italcambio.com/bille_mone/html2/caciques/NombreCaciques.htm "Caciques" means "Chiefs" and all of these wonderful gold trade units [there were several in this series] has a portrait of a Venezuelan Indian Chief. They were minted in Switzerland by the Inter-change Bank Suiza for Venezuela. The sizes were made to be interchangeable with European gold coins. In 1955 gold was still the money of choice by which countries paid their bills. The largest Caciques unit weighs 22.2 grams of .900 fine gold (.6430 troy oz pure).? THE COIN DOC http://www.coinsite.com/content/cdanswers/cdarchive6.asp Though a good example might have somewhat more value to an eager collector, "Caciques of Venezuela" trade coins are generally available at close to their gold content - about 1/4 to 2/3 troy ounce of gold or about US $65 to about $175 per coin depending on the size of the coin and depending of course on the current gold spot price on the bullion market. Today?s market (12-09-040) is currently at hovering at $434.20 an ounce so it is safe to say that the coin would be valued at 1/4 to 2/3 that amount (or perhaps a little less since they are .900 in content) ? which, by all accounts, is also about what they are worth on the collector market. I hope you find that my research exceeds your expectations. If you have any questions about my research please post a clarification request prior to rating the answer. Otherwise I welcome your rating and your final comments and I look forward to working with you again in the near future. Thank you for bringing your question to us. Best regards; Tutuzdad-ga ? Google Answers Researcher INFORMATION SOURCES THE COIN DOC (cached document) http://64.233.179.104/search?q=cache:YaC-YP9FQ7EJ:www.coindoc.com/content/cdanswers/cdarchive54.asp+%22CACIQUES+DE+VENEZUELA%22+1955+VALUE&hl=en (mid way down the page) GOOGLE IMAGES http://images.google.com/images?hl=en&lr=&safe=off&q=Caciques+mara http://images.google.com/images?hl=en&lr=&safe=off&q=Caciques+de+Venezuela SEARCH STRATEGY SEARCH ENGINE USED: Google ://www.google.com SEARCH TERMS USED: Caciques of Venezuela Caciques de Venezuela Mara Trade Coin Value |
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