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Usage of low purity gold in modern coins

Started by agoodall, September 16, 2022, 07:20:54 PM

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agoodall

Hello eurocoin, I realise this might not be the best thread for asking questions but one thing has been bugging me for several years now. Last time gold had a big run upwards in 1979/80 mints responded by issuing commemorative coins in 75%, 50%, even 37.5% (9 carat) gold. Over the last decade or two the preference seems to have been half or one gram for the lower end of the market and very high priced 1 ounce (or more) for the upper end. As someone who obviously has extensive contacts/involvement in the industry, do you have any idea why lower purity gold coins are no longer issued? Is there a technological reason that tiny mintages of high value coins are cost effective now where they wouldn't have been 30 or 40 years ago? To my mind a half gram coin is pretty useless, I have a couple in my collection but I really can't appreciate them without magnification (and I couldn't even when I was younger!). I would very much appreciate your insight or knowledge and opinions (and anyone else's) about this.

Andrew