CoinWeek IQ: How Gold Coins Are Made: Spotlight on the Vienna Philharmonic Gold Coin - 4K Video
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- Опубліковано 31 лип 2024
- In January 2016, the Austrian Mint gave CoinWeek unprecedented access to the inner workings of their state-of-the art coining facility.
In this video, we share with you how gold planchets are made,
we get to watch as a press operator replaces a pair of broken dies, we see the striking of Gold Vienna Philharmonic coins, and we get to see what the Austrian Mint’s inspection team sees when they look through the glass to make sure that each Gold Philharmonic coin packaged is absolutely perfect.
The Austrian Mint is a state-of-the art money factory and CoinWeek’s camera and microphones captured the unique sights and sounds of this amazing place.
CoinWeek IQ Video: #008
Produced by Charles Morgan and Hubert Walker. © 2016 CoinWeek, LLC. All Rights Reserved.
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Copyright © CoinWeek February 2016
CoinWeek is the most advanced independent on-line media source for print and video Rare Coin and Currency news; with analysis and information contributed by leading experts across the numismatic spectrum.
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No obnoxious music, just the sounds of the shop floor. Perfect. Thank you.
thumbs up
This gold spool has an approximate value of 39 million dollars. He said, casually.
OMG this was a fabulous insight in to high quality coin manufacturing. Thanks for NOT having music. The narrator was wonderful.... very ASMR. Nice. I subscribed!
thanks. we pushed for no background music on this video for that very reason.
this was great thank you. Not hyped up, just simple and allowing the actual process to show itself for what it is.
Fascinating - we don't see enough of these "behind the scenes" videos these days.
So, doing the math, $39 million dollars worth of gold on the spool in January 2016, when gold was $1100 per ounce, comes to about 35,500 ounces of gold. Today (11/1/20), with gold at $1902 per ounce, it'd be worth over $64 million.
The spool of gold actually has a mass of a tonne (t), metric ton, megagram (Mg), 1000 kg, 31103.4768 ozt, or about 2204 lb 10 oz.
The spot price of gold was just under $1840/ozt, so the coil of gold is worth $57.21M!
---
[XE 2020-12-06 11:51 UTC]
1 ozt Au = $1,839.34025072
31,103.4768 ozt Au = $57,209,876.82
The error of 4 lb 10 oz is 67.41323529464719 ozt, or about $123,995.88.
In the past I always collected fractional gold eagles, but have now switched to austrian fractional gold bullion. For being a higher purity as well as lower price point this is my new favorite gold coin. Only have the 1/10 and 1/4 oz philaharmonic, and they are both absolutely stunning coins. The details on these are perfect and can tell they take pride in their coin making.
I will check this out, just on looks alone they haven't been my favorite, but with its lower premiums I will definitely consider a fractional piece for my next purchase! My number one choice has been the krugerrand, then the Britannia.
I don't like the design and the sides aren't reeded. But gold is gold, but I don't stack the philharmonics.
@@lamarravery4094 they are reeded, but they have 6 lines between two big gaps that are 2 lines thick in a repeating pattern. Its actually pretty neat looking reeding for such a tiny coin
Great combination: Gold and the Vienna Philharmonic.
I think its cool that they make them the same diameter as their silver coins only a little thinner
high quality manufacturing, final quality checks - and that woman drop coins on each other and scratch them. BRAVO!! no words, how it's redicilous
Outstanding passion & craftsmanship. 😀😍
I have a couple of these, beautiful coins for sure! This is very interesting to watch them being made.
Great content, excellent quality. Thanks.
Wow those minting rooms are sooooo much quieter than at the business strike facilities!
Great video thanks again.
very intresting video ! thanks for sharing
Great video-my mouth was watering....
What a very Beautiful place 👍
I bet you have cameras all over the place watching everybody day and night.
Yeah it would be tempting 😳
She's got a mint job!
Underrated comment 😂👍
interesting video, thanks :)
Impressive!
Wonderful video
awesome.. very nice
Vidéo très instructive merci
Thank you.
Nice!
very good video ;-)
I love gold
God look 👀 at ALL that GOLD!! 🤩
This video does NOT suck!
Great video, not sure which would be the favorite, Perth Mint, Canada or this...
Tolles Video ich war schon dort wohne in der nähe
Seeing the coins being thrown around like that without denting makes me less worried about buying 24 karat instead of 22
If I worked there for long enough, I'd probably couldn't hold back the urge to steal one some day.
nice
Quite impressive viewing the gold spool and all that gold. MS69s and MS70s, any imperfection of the coin can only be viewed under 8x magnifying lens. As someone who loves MS70s, just goes to show you how narrow the difference yet that little extra is so meaningful is numismatic coin pricing. But these are just bullion.
The way they handle and stack the coins, it isn't surprising that a typical MS70 strike picks up a nick that drops it to MS69.
good gold
The spool in January 2023 is worth $66.35 million!
Great show! Do one on proofs 😸
All that shiny gold @_@
I wish everyone who bought 1st strike coins would watch this
I just love to watch coins being minted. 😂😂
They want to pay double for something 'special'
Absolutely fascinating, especially that these employees can shift around million-dollar buckets of coins like it's no big deal... And, I hope they get regular X-rays for obvious reasons...
Too many X-rays can lead to cancer.
Does striking the coin produce the ridges on the sides? Or is that added separately?
a seperate machine does the reeding, I couldn't see any on the coins in the video so I assume it's done after they inspect them for bad strikes
If each coin is an ounce gold coin, in Canadian terms, for each round containing 10 coins Is worth $28500 per round. Each tray consists of 9 deep 7 across for total of 63 rounds/10 coins per. Meaning just one tray of these gold planchets is worth $17,955,000. Looks to be about 9 complete trays there. SO just slightly under 17 million in Gold planchets in one scene alone, at the 7.03 mark. And that's just a drop in bucket compared to amount they are making, like wow! Actually my math is way off, there is a lot more there then one knows.
The scene with the gold coil being turned to coin blanks - those weigh 2,200 pounds each. So about $40 million in that scene.
yup my point quite a bit hey lmao
if I recall they aid coil was worth 47 million
The spool of gold actually has a mass of a tonne (t), metric ton, megagram (Mg), 1000 kg, 31103.4768 ozt, or about 2204 lb 10 oz.
The spot price of gold was just under $1840/ozt, so the coil of gold is worth $57.21M!
---
[XE 2020-12-06 11:51 UTC]
1 ozt Au = $1,839.34025072
31,103.4768 ozt Au = $57,209,876.82
The error of 4 lb 10 oz is 67.41323529464719 ozt, or about $123,995.88.
The worlds best gold coins are minted in Canada. The first mint to reach. 9999 pure gold.
Did they sort out milk spots on their silver coins?
@coinweek could you please make a video about CoinWeek IQ: How Silver Coins Are Made: Spotlight on the Vienna Philharmonic Silver Coin - 4K Video
Amazing any of these grade 70 after being handled so much. after all .9999 gold is VERY soft.
possibly. It depends on the size of a coin. You can definitely very easily make a dent in it with your keys for example. This softness of .999 gold is the reason why most wearable jewellery pieces (especially rings) are made out of .750 and .585 alloy
no. gold is not that soft. it's a metal. it might scratch but nothing more. don't get confused by idiots telling stories of gold being like maoam
JAS0N888 it's not that soft, it's a soft metal but it's not like indium or something
Even if the gold isn't that soft. the lack of quality control in this video has me flabbergasted. I expected a bit more "state of the art" and quality control
Looking at this makes me realise gold is gold. The image is just a stamp. Silly really that people pay crazy money for that image.
control of the blanks?
Are those dye's tooled by hand? Or by a CNC machine? I would think a machine how can one person consistently create multiple matched perfect dye's?
CNC
*die
Look up how master/working hubs/dies are made and used.
What is that weird ceremonial looking thing she is doing with the paper at 8:00? Some kind of static discharging or something?????
I think he said diffusing the light, maybe something to do with seeing scratches. Try reviewing at 6:58 +
are the dyes laser etched?
Yes. The die steel is mounted and a laser etches the design. It is then finished by hand.
Where can I get that lens? 7:41
Hand made coins have much more personality .
What did they do to the damaged dies?
+Comrade Collects The damaged dies are destroyed, the metal is recycled.
Frrrrreeeeeee thhheeeeee MAAAAAXXXXXX
1:25 its worth WAY more than that today...
The spool of gold actually has a mass of a tonne (t), metric ton, megagram (Mg), 1000 kg, 31103.4768 ozt, or about 2204 lb 10 oz.
The spot price of gold was just under $1840/ozt, so the coil of gold is worth $57.21M!
---
[XE 2020-12-06 11:51 UTC]
1 ozt Au = $1,839.34025072
31,103.4768 ozt Au = $57,209,876.82
The error of 4 lb 10 oz is 67.41323529464719 ozt, or about $123,995.88.
Its a pity i only have the silver version 😩😩
You could a plastic one.
Get it plated or layered in gold.
After this financial coup settles, Austrian mint ought to commemorate their school of economists by minting them on the very gold standard they upheld.
Can anyone tell me, why the Vienna Philharmonic's gold coin has currency... value - 50, 100 Euro.
They set a fantasy number for tax reasons i guess. becouse here in norway, and i think in england you have to pay sale tax for buying metal, say BARS.
But money-coins with a set value is tax free.
but only somone silly would use a gold ore silver coin to buy a bread. although its possible if your realy hungry. haha
i have only a few philarmonics silver coins 1.5 euro which i bought for around 25 dollar each + a few dollar premium.
IM SAVING UP FOR MY FIRST GOLD COIN. i want a 1 oz coin.. those half oz and 1/4 and 1/10 and say 1 gram is cool but often have a lot of premium.
now i want to work there
This is the money the fed should be printing but they would have to call it minting. I bet the fed would not be buying crap if they were buying it with gold
Can I have one please, please, pretty please hahaha
i want one
get you one!
Polish section missing
7:12 this sounds like a sentence from an English workbook
Impressive was Alexander's observation. LOL!
What hapens when a gold coin as a defect?
+Eduardo Esteves Great Question! Defective gold coins are melted down and the gold is recovered and made into new coining strip.
+Eduardo Esteves Defective coins can take home)))
Sold has seconds
@@firstlast3507 i see what you did there😄
If the gold is 24k, wouldn't they get bent with the tumbling and washing
+SilverStacking pro Not exactly. This is the standard practice for preparing gold blanks. We saw no bent or damaged blanks.
any bent will be flattened during pressing by tons of pressure between dies
gold is not that soft. nothing will bend..
Do you think gold is metallic butter or something?
I would like to play with the blanks, like I'm Scrooge McDuck!
Donald doesn't like it
Do they trow away the scraps? :)
I'd work here for just 1 coin a day, no benefits needed
They should make a Bruno coin.
Who needs pornography when you can watch this?
All this wasted gold on individuals, The Shame
Not enough details
I wish they would change the design. It looks so boring! Cool video though.
they need better counterfeit design, like maple leaf gold. some micro line from the outer ring of coin to center.
Ultra high relief with MSPL for Unc, or UCam for Proof.
That's why I don't buy these. Music instruments are so boring.
And no one of the staff steals these coins??
This video needs editing, and music to make it more interesting..😒
AGGGGGGGGGHHHHHHHHH.....er.... no.
Better to buy bars as the coins aren't worth more than gold weight, but yet people pay triple for a one kilo special coin of gold or silver, pretty stupid from An investor point of view. Not a good investment
i was told every european is a super model who lives on salads and yet every coin worker is overweight
can you imagine how much gold will lose its value once space mining is up and running
An asteroid is more likely to wipe out mankind, than mankind is to mine it. It's an extremely silly idea, considering how Earth is the best source of heavy elements in the known universe and there are immense amounts of gold in the crust, mantle and the core, and yet mining it is barely profitable.
Gold will always have value
Nice!