22K vs 24K

[RoughDog]

Does anyone else feel a little uneasy about 22K gold? 

What if you had to melt a coin in 20 years time for some reason?

Would 22K be a problem?

[Goldfever]

My only problem is I don't have enough 22K yet 😉

That stack won't stack itself !!!

[HawkHybrid]

4 minutes ago, RoughDog said:

Does anyone else feel a little uneasy about 22K gold? 

What if you had to melt a coin in 20 years time for some reason?

Would 22K be a problem?

 

hold onto that pristine 1917 London sov

good inheritance that

 

HH

[RoughDog]

Don't have any sovs. 🙄

[Martlet]

11 minutes ago, RoughDog said:

Does anyone else feel a little uneasy about 22K gold? 

What if you had to melt a coin in 20 years time for some reason?

Would 22K be a problem?

I'm wonder what reason might be for melting.  As soon as you do, the authenticity of the gold is lost and you have to somehow prove it is what it is to anyone else. 

 

[Xander]

7 minutes ago, RoughDog said:

Does anyone else feel a little uneasy about 22K gold? 

What if you had to melt a coin in 20 years time for some reason?

Would 22K be a problem?

1oz of 22k gold... 1oz of 24k gold both =1Troy oz. If you sell them as scrap you would receive the same value of 1 Troy oz. I would prefer to let someone else do the melting.😉

[RoughDog]

SHTF scenario maybe.  One ounce needs to be turned into 1/2 grams.  Don't know really.  Seen videos of people melting junk gold jewellery and it looks awful.  

People melt silver yes?

[Money2Metal]

If you're investing/collecting then 22k vs 24k shouldn't be a problem as they still have their marked weight in gold. 

[sovereignsteve]

1 hour ago, RoughDog said:

Does anyone else feel a little uneasy about 22K gold? 

What if you had to melt a coin in 20 years time for some reason?

Would 22K be a problem?

sovereigns are 22ct therefore no problem exists

and why on earth would you want to melt a sovereign?

[fehk2001]

Just now, sovereignsteve said:

sovereigns are 22ct therefore no problem exists

and why on earth would you want to melt a sovereign?

need money?:

[sovereignsteve]

Just now, fehk2001 said:

need money?:

sovereigns are money

[fehk2001]

1 minute ago, sovereignsteve said:

sovereigns are money

depends on where u are 🤣 overseas normally charge extra to melt 22k 

[sovereignsteve]

12 minutes ago, fehk2001 said:

depends on where u are 🤣 overseas normally charge extra to melt 22k 

Surely you can sell sovereigns for pretty much spot anywhere in the world. No need to melt.

[fehk2001]

15 minutes ago, sovereignsteve said:

Surely you can sell sovereigns for pretty much spot anywhere in the world. No need to melt.

it is very hard in far east as far as I know , they will only give u melt price minus 10-15%

[sovereignsteve]

1 minute ago, fehk2001 said:

it is very hard in far east as far as I know , they will only give u melt price minus 10-15%

cheapskates

[RogerBelmar]

3 hours ago, Money2Metal said:

If you're investing/collecting then 22k vs 24k shouldn't be a problem as they still have their marked weight in gold. 

Yes, I agree. I collect 1/4 oz Sovereigns, Krugerrands and Queen’s Beasts which are, of course, a mix of 22k and 24k. From what I’ve read you’ll get more for even a scratched gold coin than for its melt value because the coins sell at a premium to bars or scrap.

[RoughDog]

from what I read you will get more for a scratched up coin.

I am not talking about now I am talking about the future.

what if they decide you can no longer buy or sell gold coins but your jewellery is OK?

what if there is a mad max senerio and you need to barter to tiny amounts of gold?

I guess I am saying what if in the future you need to melt it?  Surely 24K is better.  What could ever go wrong with pure gold?

 

[Lowlow]

I wouldn't have any trouble accepting 22k gold in SHTF ...

[RogerBelmar]

2 hours ago, RoughDog said:

from what I read you will get more for a scratched up coin.

I am not talking about now I am talking about the future.

what if they decide you can no longer buy or sell gold coins but your jewellery is OK?

what if there is a mad max senerio and you need to barter to tiny amounts of gold?

I guess I am saying what if in the future you need to melt it?  Surely 24K is better.  What could ever go wrong with pure gold?

 

Interestingly, the granddaughter of Pablo Picasso, Diana Widmaier-Picasso, would agree with you because she’s the cofounder of a company called Menē which crafts jewellery exclusively from pure 24k gold. She argues so persuasively about the benefits of her investment jewellery that I feel tempted to add some of her pieces to my bullion collection. Pure 24k gold doesn’t tarnish over time.

[Goldhooked]

4 hours ago, RoughDog said:

from what I read you will get more for a scratched up coin.

I am not talking about now I am talking about the future.

what if they decide you can no longer buy or sell gold coins but your jewellery is OK?

what if there is a mad max senerio and you need to barter to tiny amounts of gold?

I guess I am saying what if in the future you need to melt it?  Surely 24K is better.  What could ever go wrong with pure gold?

 

In a real Mad Max SHTF, what good will gold be?!  You would be a far ‘richer’ person with a stockpile of alcohol, cigarettes and bottled water  

[sovereignsteve]

6 hours ago, RoughDog said:

what if there is a mad max senerio and you need to barter to tiny amounts of gold?

If gold would actually be useful in your mad max scenario, how would people have confidence in the authenticity and purity of this gold?

[danmc82]

2 hours ago, sovereignsteve said:

If gold would actually be useful in your mad max scenario, how would people have confidence in the authenticity and purity of this gold?

They would bite it like a pirate 😁

[sovereignsteve]

might be some accidental choking if we're talking about very small pieces!

[Lowlow]

Well if early civilizations were able to trade in gold and silver, I'm sure even in the worst situations people would figure it out.

While it's true that people are really stupid about gold and silver right now, it wouldn't take long to reorient in the right environment.  The first time a mom walks up to someone trying to purchase food and they tell her they don't take dollars or pounds, but if she has an silver coins, ... that'll be when everybody figures it out.  Because if mom ain't happy, ain't nobody happy.

[sovereignsteve]

3 hours ago, Lowlow said:

Well if early civilizations were able to trade in gold and silver,

I doubt they had the capacity for fiendish fakery we have these days!