to have written:
>Will the $50 Kellogg re-strikes hold their value? what are your thoughts?
IMO, no. They are very nice looking and worth more than Bulion, but I don't
think a coin on Ebay would bring anywhere near the issue price even now.
>Once the bars were melted down, doesn't the gold lose most of it's
>historical significance? I would love to obtain one of the original $20 gold
>double eagles that laid at the bottom of the sea for over a century, but I'm
>doubtful of the long-term value of the modern re-strikes.
IMO, yes. The reason behind it was that serveral of the larger gold bars simply
wouldn't sell for what they wanted. So they melted those bars down and made the
restrikes. Which resulted in a nice profit. They shaved the face of these bars
off before melting and sold those, so at least the identifying marks from the
minter are mostly intact. I'd rather have one of the small bars than one of the
faces. And I'd rather have one of the faces than one of the restikes.
Anybody have any data of reselling prices for the restrikes?