Gold is a fairly popular numismatic metal, but suffers from the obvious flaw – cost. With gold around 40 times the price of silver, you’re not only going to have to splash out a ton more money for a gold numismatic, it’s going to be tiny in comparison. BGM is going to rebalance that equation.
These new Pope Francis coins are a demonstration of the potential of this game-changing technique. We’ve knocked up a modified version of CIT’s press image below to make the point clear. The big coin in the background at 65 mm in diameter is a one-ounce piece of gold. To put that in perspective, the US Mint’s Gold Eagle bullion coin in front is also an ounce in weight, but comes in at just over 32 mm across. Remember, that doesn’t mean the CIT coin is twice the size, it’s actually covers almost FOUR TIMES the surface area, a staggering 3,318 versus 840 sq.mm in surface area.
The one ounce coin is actually a bad example, the real potential being far lower in the range. No longer will the gold version of a coin be the tiny sibling of the silver. We’ll use the New Zealand Mints superb Classic Star Wars coins as a perfect example. The NZM generally issues a 40mm silver coin. It’s a great size, perfectly capable of showing plenty of detail and being easy on the eye. Their other mainstay is a ¼oz gold that is just 22mm wide. It’s a decent size, but it clearly falls short compared to the silver. With CIT’s new BGM, that ¼oz gold could be over 150% larger at 35mm in diameter. Remember that those coins in particular sell extensively to non-coin collectors, people for whom the subject matter is king. How much more attractive a coin so much larger would be to the the casual collector?
Happy with the 22mm diameter for the gold version? It can now be struck, actually to a slightly bigger size (50% bigger), in just 40% of the metal – a 1/10 oz. It doesn’t take Einstein to realise that the resulting drop in raw material will have a huge impact on the price of the coin. With thickness being the only real difference, probably the least important metric, it will open up collecting gold numismatics to a far wider audience, potentially invigorating the market.