Gold Eagles Boost Charity Fundraising

Many non-collectors view coins as small change of little consequence. Then, at the other end of the numismatic spectrum, there are the sometimes common but sometimes valuable coins that are anonymously dropped into the holiday season Salvation Army kettles for charity. American Eagle and South African Krugerrand gold coins have once more been reported being donated to the Salvation Army through their kettles in Indiana, Michigan, and Vermont – likely in other states as well. A donation described as “two rare gold coins worth more than $4,000” helped the Salvation Army of Metro Detroit reach its 2023 fundraising goal. (The two coins were likely 1-ounce gold American Eagles.)

The public doesn’t realize it, but these coins will need to be redeemed for their value through a local coin dealer. The more important takeaway is that coins are still in common use despite the publicity given to the cashless society folks and that some of the coins given to charity may have a lot of value. This also suggests Joe Average should and sometimes is encouraged to check his change.

You may also like: Gold Rises, Coins Follow 

The U.S. Mint’s successful sales of numerous non-circulating legal tender coins meant primarily for collectors attest to the strength of the hobby, but circulating commemorative quarters are also helping encourage new collectors as well.

For coin collecting in general, it’s been an upbeat year across the board: clubs rejuvenating themselves, attendance at major conventions increasing, and significantly more individuals participating in auctions. As always, there have been areas that are more popularly collected than others, as should be expected, but the less-popular areas are often where bargains can be had. We can’t expect to get a gold coin in change, but it’s great the Salvation Army can benefit from receiving a few of these expensive pieces. 

Look for this month's complete Coin Market pricing online at Numismatic News.