Dead Dolphin ashore May 2016

Dead Dolphin ashore May 2016

Sunday, 22 February 2009

A private treasury ?




Has anyone heard of the private treasury of the Jenkins family ? This 26 mm diameter coin dated 1971 contains 1000 grains of pure silver and has been properly struck with a reeded edge. Perhaps it may have been someones answer to the economic problems of the seventies.
As predicted gold today passed through the $1000 dollar mark and silver passed the £10 a troy ounce mark. US mint sales of the popular American Eagles are rocketing. The Sovereign now contains something in the region of £170 in fine Gold. For the smaller investor come hoarder, pre 1947 silver coins containing 50% silver are worth £125 a kilo when weighed in at Hatton Garden.
There are many scholars still differing how the the 1930's depression started and how it ended. Some say it was the second world war, in this current climate a war is the last thing anyone wants. However, it will be interesting to see if gold will have a role to play in any economic recovery and will a gold standard return as a stabilizing factor.

1 comment:

jnm1122 said...

I have a similar coin stating 1971
"Stephen P. Schandel" Private treasury. I am having difficulties finding information about the coin.