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Sword

10kg Gold Coin

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The Royal Mint has made a 10kg gold coin with a face value of £10000. The scrap value is approaching 400k and the price is supplied on application. I imagine the price won't be much less than a million. 

https://www.bbc.co.uk/news/uk-wales-56920734

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Love it and love the design.  Not in the same league but I will be buying the 1 oz gold bullion version at some point over the next few months.

There are some nice silver and platinum versions too, both in proof and bullion.

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It's not a coin in my eyes. Coins are for spending. 

Pretty it may be but it's just an artistic exercise as far as I'm concerned. 

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Is it possible to call something a coin that hasn't been struck?

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That's no more a coin than my last poo.

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15 minutes ago, Peckris 2 said:

That's no more a coin than my last poo.

The coin has a bullion value , your last poo has not

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1 hour ago, blakeyboy said:

Is it possible to call something a coin that hasn't been struck?

Yes. Cast Potin units for example.

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38 minutes ago, copper123 said:

The coin has a bullion value , your last poo has not

A couple of centuries ago, people were paid to collect it.  What goes around comes around, so if he plays his cards right he might be quids in. Not sure about the resale value though, should he go for a change of occupation. 

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My initial impression is that the item is just another gimmick from the Royal Mint. 

However, it is not any less a "coin" than the countless commemorative offerings from the RM. It has a face value of £10,000. The modern commemorative "coins" cannot be spent either. 

The design is really rather nice. The unusual size makes it a statement piece. Not a bad purchase for the seriously rich. 

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Posted (edited)

It is quite true poo and piss both had values , the piss in the dyeing trade it was shipped from london to north yorkshire to help with colour fastness in quite rich peoples clothes probably wool as yorkshire specialised in processing wool

The most valueable piss was from a red headed  ginger virgin male under 18 , don't ask me why it just was.

Second thoughts they might have been better looking for the above in scotland

Edited by copper123

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coppied and pasted from the national trust

At first glance the stunning views on the Yorkshire Coast seem like a rugged natural landscape created by time and tide. In fact, human history is as significant as natural history in the shaping of this beautiful coastline.

In the 16th-century alum was essential in the textile industry as a fixative for dyes. Initially imported from Italy where there was a Papal monopoly on the industry, the supply to Great Britain was cut off during the Reformation. In response to this need Thomas Challoner set up Britains first Alum works in Guisborough. He recognised that the fossils found around the Yorkshire coast were similar to those found in the Alum quarries in Europe. As the industry grew, sites along the coast were favoured as access to the shales and subsequent transportation was much easier. 
 
Alum was extracted from quarried shales through a large scale and complicated process which took months to complete. The process involved extracting then burning huge piles of shale for 9 months, before transferring it to leaching pits to extract an aluminium sulphate liquor. This was sent along channels to the alum works where human urine was added.
 
At the peak of alum production the industry required 200 tonnes of urine every year, equivalent to the produce of 1,000 people. The demand was such that it was imported from London and Newcastle, buckets were left on street corners for collection and reportedly public toilets were built in Hull in order to supply the alum works. This unsavoury liquor was left until the alum crystals settled out, ready to be removed. An intriguing method was employed to judge when the optimum amount of alum had been extracted from the liquor when it was ready an egg could be floated in the solution. 
 
The last Alum works on the Yorkshire Coast closed in 1871. This was due to the invention of manufacturing synthetic alum in 1855, then subsequently the creation of aniline dyes which contained their own fixative.
 
There are many sites along the Yorkshire Coast which bear evidence of the alum industry. These include Loftus Alum Quarries where the cliff profile is drastically changed by extraction and huge shale tips remain. Further South are the Ravenscar Alum Works, which are well preserved and enable visitors to visualise the processes which took place.

 

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And yes I have visited it

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... back to the £10,000 coin, apparently "it has already been sold to an unnamed buyer for a price that’s likely to be in the region of six figures" according to the Metro.

 

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