France will begin producing circulating gold coins

[cpm9ball]

According to the latest Coin World, the Monnaie de Paris will produce gold Euros for circulation sometime in November. They will begin with a E100 with a diameter of 15mm, that will contain 3.1 gms of .900 fine gold. In 2009, they will release a E250, and in 2010, a E500. Apparently, the mintage for each denomination of gold coins is 50,000 though the article wasn't too clear on this. Talisman Coins is the U.S. distributor for the Paris Mint.

 

Chris

[harvey8542]

Hmm I dont see these circulating long before being added to collections by collectors

[RWB]

50,000 is not enough for any circulating coin and valuing gold at $2,069 won't help. Sounds like a marketing gimmick.

[EZ_E]

The face value is close to double the gold (silver) content which would tend to discourage savings a wee bit.

 

Still, the design concept is awesome! With all circulating denominations placed side by side, it will show "The Sower" in animated, consecutive motions which can play like a moving picture reel.

[cpm9ball]

50,000 is not enough for any circulating coin and valuing gold at $2,069 won't help. Sounds like a marketing gimmick.

 

It was stated that there is a limit, one or two coins, on purchases.

 

Chris

[cpm9ball]

The face value is close to double the gold (silver) content which would tend to discourage savings a wee bit.

 

Still, the design concept is awesome! With all circulating denominations placed side by side, it will show "The Sower" in animated, consecutive motions which can play like a moving picture reel.

 

Yes! This is a stylized version of Oscar Roty's "La Semeuse", and it is cool how she is "sowing" stars.

 

Chris

[gmarguli]

According to the latest Coin World, the Monnaie de Paris will produce gold Euros for circulation sometime in November. [...] Talisman Coins is the U.S. distributor for the Paris Mint.

 

Why do they need a US distributor for "circulating" coins?

 

A pathetic marketing gimmick for what they are really producing - collector coins for sale at face value.

[cladking]

Japan makes a gold 100,000Y coin that can actually circulate in large quantities.

 

They've had relatively little trouble with counterfeiting but increasing gold prices are threatening these coins.

[cpm9ball]

According to the latest Coin World, the Monnaie de Paris will produce gold Euros for circulation sometime in November. [...] Talisman Coins is the U.S. distributor for the Paris Mint.

 

Why do they need a US distributor for "circulating" coins?

 

A pathetic marketing gimmick for what they are really producing - collector coins for sale at face value.

 

I guess you could save yourself the money bypassing Talisman by flying to France and getting them at the Paris Mint.

 

Chris

[gmarguli]

According to the latest Coin World, the Monnaie de Paris will produce gold Euros for circulation sometime in November. [...] Talisman Coins is the U.S. distributor for the Paris Mint.

 

Why do they need a US distributor for "circulating" coins?

 

A pathetic marketing gimmick for what they are really producing - collector coins for sale at face value.

 

I guess you could save yourself the money bypassing Talisman by flying to France and getting them at the Paris Mint.

 

Chris

 

Yes, but why would I need them here if they are CIRCULATING coins? Does the French Mint have a US distributor for other CIRCULATING coins they mint? If not, then these aren't circulating coins like they are saying.

[EZ_E]

It's all wrapped up nice and tidy under the heading--MARKETING.

[just-john]

would think with the European Union having the EURO and France part of that union. Then all of them should come out with circulating gold coins if not it's just one more way to get in the collectors pocket.New gold coins if it's not over spot plus a little I'll pass

 

[cpm9ball]

I wonder how many people have bought the U.S. GAE's & Commems at 20x-50x face? The French Gold Euros are going to be selling at about 2x face.

 

Chris

[RWB]

"Face value" is irrelevant – gold content is all that counts. France is charging more than double the market price for these little non-circulating tokens.

[Conder101]

If the face value is twice the gold content, and they only charge the face value for them I don't see a problem because you can always circulate them at face. You haven't lost anything. If you can spend them at face value they haven't "ripped you off" at all. How would it be any different than back in the 30's when they made and circulated silver dollars for one dollar that had 35 cents worth of silver in them?

[RWB]

For the euros used to buy the token, the purchaser gets a quantity of commodity worth less than half what was paid. The same euros used to purchase gold bullion would produce twice the "value." The only "protection" offered by a nominal monetary value is against a reduction in gold's market price, but even here, since the buyer paid 2x what it was worth, gold would have to drop to about half its present value for the token buyer to net anything.

 

Just another marketing gimmick to get the ignorant to pay far more than something is worth, by attaching a "cute" or emotionally engaging name to something very ordinary.

[Conder101]

For the euros used to buy the token, the purchaser gets a quantity of commodity worth less than half what was paid. The same euros used to purchase gold bullion would produce twice the "value."

And a paper dollar in 1900 could buy a silver dollar, or buy a quantity of silver about twice that contained in the silver dollar..