CoinWeek IQ: How Gold Coins Are Made: Spotlight on the Vienna Philharmonic Gold Coin - 4K Video

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  • Опубліковано 24 гру 2024

КОМЕНТАРІ • 137

  • @jimmurphy6095
    @jimmurphy6095 3 роки тому +43

    No obnoxious music, just the sounds of the shop floor. Perfect. Thank you.

  • @macforme
    @macforme 5 років тому +32

    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!

    • @coinweek
      @coinweek  5 років тому +8

      thanks. we pushed for no background music on this video for that very reason.

  • @Mr_Chuckles
    @Mr_Chuckles 3 роки тому +32

    This gold spool has an approximate value of 39 million dollars. He said, casually.

  • @ewomack
    @ewomack 8 років тому +25

    Fascinating - we don't see enough of these "behind the scenes" videos these days.

  • @DannyPops
    @DannyPops Рік тому +2

    this was great thank you. Not hyped up, just simple and allowing the actual process to show itself for what it is.

  • @ksteege120
    @ksteege120 4 роки тому +9

    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.

    • @oahuhawaii2141
      @oahuhawaii2141 4 роки тому +1

      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.

  • @atreyu3573
    @atreyu3573 3 роки тому +14

    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.

    • @sbentsen2714
      @sbentsen2714 2 роки тому

      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.

    • @lamarravery4094
      @lamarravery4094 2 роки тому +2

      I don't like the design and the sides aren't reeded. But gold is gold, but I don't stack the philharmonics.

    • @snailsaredumb9412
      @snailsaredumb9412 Рік тому +1

      ​@@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

  • @jacc88888
    @jacc88888 2 роки тому +2

    Great combination: Gold and the Vienna Philharmonic.

  • @Strieltsov
    @Strieltsov Рік тому +1

    high quality manufacturing, final quality checks - and that woman drop coins on each other and scratch them. BRAVO!! no words, how it's redicilous

  • @Sky1
    @Sky1 2 роки тому +2

    I think its cool that they make them the same diameter as their silver coins only a little thinner

  • @maddoxinc1642
    @maddoxinc1642 3 роки тому +4

    I have a couple of these, beautiful coins for sure! This is very interesting to watch them being made.

  • @audreymuzingo933
    @audreymuzingo933 4 роки тому +3

    Wow those minting rooms are sooooo much quieter than at the business strike facilities!

  • @thrasherx9319
    @thrasherx9319 4 роки тому +4

    Great content, excellent quality. Thanks.

  • @NandiCollector
    @NandiCollector 4 роки тому +7

    Outstanding passion & craftsmanship. 😀😍

  • @deveelvraat3404
    @deveelvraat3404 5 років тому +17

    I bet you have cameras all over the place watching everybody day and night.

    • @cvdubya5774
      @cvdubya5774 5 років тому +7

      Yeah it would be tempting 😳

  • @MancunianStacker
    @MancunianStacker 8 років тому +21

    She's got a mint job!

  • @manatee-qj8lb
    @manatee-qj8lb 4 роки тому +2

    If I worked there for long enough, I'd probably couldn't hold back the urge to steal one some day.

  • @kode3
    @kode3 8 років тому +5

    Great video thanks again.

  • @Juan_Doooh
    @Juan_Doooh 4 роки тому +2

    Great video, not sure which would be the favorite, Perth Mint, Canada or this...

  • @boogalythegreat9854
    @boogalythegreat9854 3 роки тому +1

    Does striking the coin produce the ridges on the sides? Or is that added separately?

    • @NGRevenant
      @NGRevenant 2 роки тому +1

      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

  • @TheJMan152
    @TheJMan152 Рік тому

    Where can I get that lens? 7:41

  • @educationalfinancenewsmedi9682
    @educationalfinancenewsmedi9682 2 роки тому +1

    Seeing the coins being thrown around like that without denting makes me less worried about buying 24 karat instead of 22

  • @audreymuzingo933
    @audreymuzingo933 4 роки тому

    What is that weird ceremonial looking thing she is doing with the paper at 8:00? Some kind of static discharging or something?????

    • @CuriousEarthMan
      @CuriousEarthMan 4 роки тому

      I think he said diffusing the light, maybe something to do with seeing scratches. Try reviewing at 6:58 +

  • @tnorman3329
    @tnorman3329 8 років тому +3

    This video does NOT suck!

  • @haroldmclean3755
    @haroldmclean3755 3 роки тому +1

    What a very Beautiful place 👍

  • @robdavis1176
    @robdavis1176 4 роки тому

    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?

  • @EGru1
    @EGru1 8 років тому +5

    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.

    • @coinweek
      @coinweek  8 років тому +3

      The scene with the gold coil being turned to coin blanks - those weigh 2,200 pounds each. So about $40 million in that scene.

    • @EGru1
      @EGru1 8 років тому

      yup my point quite a bit hey lmao

    • @EGru1
      @EGru1 8 років тому +1

      if I recall they aid coil was worth 47 million

    • @oahuhawaii2141
      @oahuhawaii2141 4 роки тому

      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.

  • @aflemish4616
    @aflemish4616 8 років тому +2

    very intresting video ! thanks for sharing

  • @chrism7275
    @chrism7275 5 років тому +5

    I love gold

  • @GPCTM
    @GPCTM 4 роки тому

    control of the blanks?

  • @Nunzi3
    @Nunzi3 3 роки тому

    God look 👀 at ALL that GOLD!! 🤩

  • @wafdawg
    @wafdawg 8 років тому +1

    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.

    • @oahuhawaii2141
      @oahuhawaii2141 4 роки тому +1

      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.

  • @TGBCH
    @TGBCH 5 років тому +2

    interesting video, thanks :)

  • @topquark22
    @topquark22 4 роки тому +2

    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...

  • @darcymcnabb9259
    @darcymcnabb9259 5 років тому +2

    The worlds best gold coins are minted in Canada. The first mint to reach. 9999 pure gold.

    • @jakub2190
      @jakub2190 5 років тому +2

      Did they sort out milk spots on their silver coins?

  • @JASN-oj5qu
    @JASN-oj5qu 8 років тому +18

    Amazing any of these grade 70 after being handled so much. after all .9999 gold is VERY soft.

    • @oliverjarosi
      @oliverjarosi 8 років тому

      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

    • @swunt10
      @swunt10 8 років тому +7

      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

    • @colinmurphy2214
      @colinmurphy2214 7 років тому

      JAS0N888 it's not that soft, it's a soft metal but it's not like indium or something

    • @jujubegold
      @jujubegold 7 років тому +2

      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

    • @pow9606
      @pow9606 6 років тому +3

      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.

  • @wam44
    @wam44 3 роки тому

    Great video-my mouth was watering....

  • @667hodge
    @667hodge 8 років тому +25

    I wish everyone who bought 1st strike coins would watch this

    • @NandiCollector
      @NandiCollector 4 роки тому +1

      I just love to watch coins being minted. 😂😂

    • @Michel-7.7.7
      @Michel-7.7.7 4 роки тому

      They want to pay double for something 'special'

  • @667hodge
    @667hodge 8 років тому +1

    are the dyes laser etched?

    • @coinweek
      @coinweek  8 років тому +1

      Yes. The die steel is mounted and a laser etches the design. It is then finished by hand.

  • @jamiebehun1743
    @jamiebehun1743 5 років тому +1

    @coinweek could you please make a video about CoinWeek IQ: How Silver Coins Are Made: Spotlight on the Vienna Philharmonic Silver Coin - 4K Video

  • @LarryRickenbacker
    @LarryRickenbacker 8 років тому +3

    Impressive!

  • @comradecollects4730
    @comradecollects4730 8 років тому

    What did they do to the damaged dies?

    • @coinweek
      @coinweek  8 років тому

      +Comrade Collects The damaged dies are destroyed, the metal is recycled.

  • @carlmohr9941
    @carlmohr9941 Рік тому +1

    The spool in January 2023 is worth $66.35 million!

  • @Robbie7441
    @Robbie7441 5 років тому +3

    Its a pity i only have the silver version 😩😩

  • @philippebert4239
    @philippebert4239 3 роки тому

    Vidéo très instructive merci

  • @almamladenovic4830
    @almamladenovic4830 4 роки тому

    Can anyone tell me, why the Vienna Philharmonic's gold coin has currency... value - 50, 100 Euro.

    • @samkom33
      @samkom33 3 роки тому +1

      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.

  • @MilledSteel
    @MilledSteel 6 років тому

    Wonderful video

  • @goldcicvibefel9966
    @goldcicvibefel9966 4 роки тому

    Great show! Do one on proofs 😸

  • @ferebeefamily
    @ferebeefamily 5 років тому

    Thank you.

  • @Kenneth_H_Olsen
    @Kenneth_H_Olsen 4 роки тому +1

    Hand made coins have much more personality .

  • @chriskifaya735
    @chriskifaya735 4 роки тому +1

    1:25 its worth WAY more than that today...

    • @oahuhawaii2141
      @oahuhawaii2141 4 роки тому

      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.

  • @nickzaglitsch4400
    @nickzaglitsch4400 8 років тому +1

    Tolles Video ich war schon dort wohne in der nähe

  • @teamskovhugger8135
    @teamskovhugger8135 8 років тому

    very good video ;-)

  • @shengsun5916
    @shengsun5916 4 роки тому +1

    After this financial coup settles, Austrian mint ought to commemorate their school of economists by minting them on the very gold standard they upheld.

  • @silverfalkon9687
    @silverfalkon9687 8 років тому +1

    Nice!

  • @3dzuan
    @3dzuan 8 років тому

    awesome.. very nice

  • @paulogouveia5683
    @paulogouveia5683 4 роки тому +1

    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

  • @SilverStackingpro01
    @SilverStackingpro01 8 років тому +2

    If the gold is 24k, wouldn't they get bent with the tumbling and washing

    • @coinweek
      @coinweek  8 років тому

      +SilverStacking pro Not exactly. This is the standard practice for preparing gold blanks. We saw no bent or damaged blanks.

    • @mtube620
      @mtube620 8 років тому +6

      any bent will be flattened during pressing by tons of pressure between dies

    • @swunt10
      @swunt10 8 років тому +2

      gold is not that soft. nothing will bend..

    • @colinmurphy2214
      @colinmurphy2214 6 років тому +3

      Do you think gold is metallic butter or something?

  • @달려라코
    @달려라코 5 років тому

    good gold

  • @SoCalFreelance
    @SoCalFreelance 8 років тому +1

    All that shiny gold @_@

  • @dadoedu100
    @dadoedu100 8 років тому +2

    What hapens when a gold coin as a defect?

    • @coinweek
      @coinweek  8 років тому +3

      +Eduardo Esteves Great Question! Defective gold coins are melted down and the gold is recovered and made into new coining strip.

    • @giopirosd
      @giopirosd 8 років тому +2

      +Eduardo Esteves Defective coins can take home)))

    • @TheChiefCoin
      @TheChiefCoin 5 років тому

      Sold has seconds

    • @Michel-7.7.7
      @Michel-7.7.7 4 роки тому

      @@TheChiefCoin i see what you did there😄

  • @francis5944
    @francis5944 Рік тому +1

    Do they trow away the scraps? :)

  • @arungold4361
    @arungold4361 6 років тому +4

    Polish section missing

  • @FancyFarmOFFICIAL
    @FancyFarmOFFICIAL 8 років тому +1

    nice

  • @ndhikaatube
    @ndhikaatube 4 роки тому +1

    now i want to work there

  • @Alezhik121884
    @Alezhik121884 6 років тому

    i want one

  • @colinmurphy2214
    @colinmurphy2214 4 роки тому

    7:12 this sounds like a sentence from an English workbook

  • @tylersworldcoins7221
    @tylersworldcoins7221 4 роки тому +1

    I'd work here for just 1 coin a day, no benefits needed

  • @jackkktruuummmppp4078
    @jackkktruuummmppp4078 4 роки тому

    Frrrrreeeeeee thhheeeeee MAAAAAXXXXXX

  • @donttouchmysilver8202
    @donttouchmysilver8202 8 років тому +1

    I would like to play with the blanks, like I'm Scrooge McDuck!

  • @gcv980
    @gcv980 7 років тому +3

    Can I have one please, please, pretty please hahaha

  • @akuseru85
    @akuseru85 4 роки тому

    Who needs pornography when you can watch this?

  • @Allofussurvived
    @Allofussurvived Рік тому

    Not enough details

  • @Tazdingo01
    @Tazdingo01 5 років тому +3

    I wish they would change the design. It looks so boring! Cool video though.

    • @jerryhsi005
      @jerryhsi005 4 роки тому

      they need better counterfeit design, like maple leaf gold. some micro line from the outer ring of coin to center.

    • @oahuhawaii2141
      @oahuhawaii2141 4 роки тому

      Ultra high relief with MSPL for Unc, or UCam for Proof.

    • @lamarravery4094
      @lamarravery4094 2 роки тому

      That's why I don't buy these. Music instruments are so boring.

  • @RMokros
    @RMokros 4 роки тому

    They should make a Bruno coin.

  • @qalas7327
    @qalas7327 2 роки тому

    And no one of the staff steals these coins??

  • @brandonheyward8635
    @brandonheyward8635 4 роки тому

    All this wasted gold on individuals, The Shame

  • @carterhall2653
    @carterhall2653 5 років тому

    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

  • @tomjung4960
    @tomjung4960 3 роки тому

    i was told every european is a super model who lives on salads and yet every coin worker is overweight

  • @MINDSPARK-u6e
    @MINDSPARK-u6e 5 років тому

    This video needs editing, and music to make it more interesting..😒

    • @macforme
      @macforme 5 років тому +2

      AGGGGGGGGGHHHHHHHHH.....er.... no.

  • @azpatriot7937
    @azpatriot7937 5 років тому

    can you imagine how much gold will lose its value once space mining is up and running

    • @DanijelTurina973
      @DanijelTurina973 5 років тому +3

      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.

    • @jkjames5051
      @jkjames5051 4 роки тому +4

      Gold will always have value

  • @branned
    @branned 3 роки тому

    Nice!