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Gold coin donated for 18th straight year
upi ^ | Dec. 11, 2009

Posted on 12/12/2009 5:12:49 PM PST by JoeProBono

CAPE GIRARDEAU, Mo., Dec. 11 (UPI) -- Salvation Army officials in Missouri said someone carried on an 18-year tradition by dropping a gold coin into one of the charity's donation kettles.

Maj. Ben Stillwell of the Salvation Army said a Krugerrand South African gold coin wrapped in a U.S. dollar bill was dropped into a kettle at the Sam's Club in Cape Girardeau, marking the 18th straight year that a gold coin has been donated to a kettle in the city, the Southeast Missourian reported Friday.

Stillwell said the coin was sold to a local dealer for $500, bringing the charity closer to its Tree of Lights celebration goal of raising $307,000 by Jan. 11. He said the local Salvation Army has thus far collected just over $160,000.


TOPICS: Society
KEYWORDS: charity; gold; jpb; krugerrand; merrychristmas; mo; salvationarmy

1 posted on 12/12/2009 5:12:49 PM PST by JoeProBono
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To: JoeProBono
What fools! I would have given them $800.

ML/NJ

2 posted on 12/12/2009 5:16:28 PM PST by ml/nj
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To: JoeProBono

3 posted on 12/12/2009 5:17:25 PM PST by JoeProBono (A closed mouth gathers no feet)
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To: JoeProBono

Aren’t Krugerands 1oz? If so, I think they got ripped-off since gold is now selling for over $1,000/oz


4 posted on 12/12/2009 5:17:26 PM PST by 1raider1
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To: JoeProBono

Is the Krugerrand minted in 1/2 oz denomination? Otherwise, $500 for the coin is a ripoff.


5 posted on 12/12/2009 5:17:37 PM PST by NautiNurse (Obama: A day without TOTUS is like a day without sunshine)
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To: JoeProBono

Good people all along the chain. bump.


6 posted on 12/12/2009 5:17:56 PM PST by allmost
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To: JoeProBono

***src on***That coin is RACIST!!! The Salvation Army should of rejected it.***src off***


7 posted on 12/12/2009 5:19:08 PM PST by C19fan
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To: JoeProBono
My bro just bought some for $1190 last week. Purchase price is about $100 less.

Nam Vet

8 posted on 12/12/2009 5:19:34 PM PST by Nam Vet ("Goodnight Mrs. Calabash, Wherever you are ! ")
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To: ml/nj
What fools! I would have given them $800.

Had to be a 1/2 coin.
9 posted on 12/12/2009 5:19:45 PM PST by WackySam (To argue with a man who has renounced his reason is like giving medicine to the dead.)
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To: 1raider1

Denominations of Gold Krugerrand Coins

Originally, there was only one size gold Krugerrand and that was the 1 Troy ounce coin. Over the years, however, the gold Krugerrand has been minted in additional sizes to appeal to private investors of all sized pocketbooks, including:


10 posted on 12/12/2009 5:19:51 PM PST by NautiNurse (Obama: A day without TOTUS is like a day without sunshine)
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To: NautiNurse

Krugerrands come in 1 oz, 1/2 oz, 1/4 oz and 1/10 oz denominations.


11 posted on 12/12/2009 5:20:34 PM PST by I_Like_Spam
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To: JoeProBono; GOP_Lady; All

Cape Girrardeau, MO is Rush Limbaugh’s home town. Wonder if he or David have anything to do with this? ;)


12 posted on 12/12/2009 5:23:01 PM PST by Diana in Wisconsin ( "When you subsidize poverty and failure, you get more of both." - James Davidson)
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To: JoeProBono

The only multmillionaire from that area that I know is Rush Limbaugh. He has been doing well for at least the last 18 years.


13 posted on 12/12/2009 5:25:14 PM PST by donmeaker (Invicto)
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To: allmost

They come in 1/10, 1/4, 1/2 and 1 oz. That looks like a 1/2oz so they probably did OK but I would have given $550 for it based on the last spot price. Right now dealers are paying around $1100 for the 1oz coins. They usually pay slightly more for the smaller coins because they have to mint more for an oz. If that coin is a 1oz coin then the dealer totally ripped them off.


14 posted on 12/12/2009 5:25:44 PM PST by Ethan Edwards
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To: Diana in Wisconsin

15 posted on 12/12/2009 5:28:14 PM PST by JoeProBono (A closed mouth gathers no feet)
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To: Ethan Edwards

Somebody dropped this in a bucket. The moral of stated company continues to amaze my jaded soul.


16 posted on 12/12/2009 5:28:48 PM PST by allmost
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To: donmeaker

Ditto.


17 posted on 12/12/2009 5:31:00 PM PST by budwiesest (It's that girl from Alaska, again.)
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To: JoeProBono

Did they ever succeed in killing Farrakhan? :)


18 posted on 12/12/2009 5:31:07 PM PST by Diana in Wisconsin ( "When you subsidize poverty and failure, you get more of both." - James Davidson)
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To: Ethan Edwards
That looks like a 1/2oz so they probably did OK but I would have given $550 for it based on the last spot price.

It's was probably a small dealer, and only one coin, so the price is fair.
19 posted on 12/12/2009 5:32:35 PM PST by WackySam (To argue with a man who has renounced his reason is like giving medicine to the dead.)
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To: Ethan Edwards
How will gold ever be re-instated as a medium of exchange at these prices? For instance, what size 'coin' would I need to buy a twelve-pack?

With that in mind, could it be that the gov. would like to deflate the value of the currency enough to ensure gold may never make a comeback? How about a pack of gum?

20 posted on 12/12/2009 5:37:02 PM PST by budwiesest (It's that girl from Alaska, again.)
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To: Diana in Wisconsin

21 posted on 12/12/2009 5:37:41 PM PST by JoeProBono (A closed mouth gathers no feet)
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To: 1raider1

They come in different sizes... :-)


22 posted on 12/12/2009 5:38:29 PM PST by Star Traveler (The God of Abraham, Isaac and Jacob is a Zionist and Jerusalem is the apple of His eye.)
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To: NautiNurse

They come in different sizes... :-)


23 posted on 12/12/2009 5:38:58 PM PST by Star Traveler (The God of Abraham, Isaac and Jacob is a Zionist and Jerusalem is the apple of His eye.)
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To: Nam Vet

They do come in different sizes... :-)


24 posted on 12/12/2009 5:39:35 PM PST by Star Traveler (The God of Abraham, Isaac and Jacob is a Zionist and Jerusalem is the apple of His eye.)
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To: Diana in Wisconsin
Cape Girrardeau, MO is Rush Limbaugh’s home town. Wonder if he or David have anything to do with this? ;)

That's what leapt to my mind, as well. I remember a touching Christmas episode of MASH, where Major Winchester made a lavish contribution to charity anonymously, because 'true charity is anonymous'; it asks no accolade or reward or recognition, whatsoever.

25 posted on 12/12/2009 5:42:16 PM PST by Riley (The Fourth Estate is the Fifth Column.)
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To: JoeProBono

Like ANY of us really needed THAT! LOL!


26 posted on 12/12/2009 5:43:44 PM PST by Diana in Wisconsin ( "When you subsidize poverty and failure, you get more of both." - James Davidson)
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To: Riley

27 posted on 12/12/2009 5:48:50 PM PST by JoeProBono (A closed mouth gathers no feet)
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To: JoeProBono

There is a person in Clarksville,TN that does the same. This year it was a 1oz coin wrapped in a 20 Bill.


28 posted on 12/12/2009 5:58:03 PM PST by eyedigress
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To: 1raider1

Indeed, they were totally ripped off. They got less than 50% of its value.


29 posted on 12/12/2009 6:05:47 PM PST by SampleMan (No one should die on a gov. waiting list., or go broke because the gov. has dictated their salary.)
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To: budwiesest
How will gold ever be re-instated as a medium of exchange at these prices? For instance, what size 'coin' would I need to buy a twelve-pack?

Well, the trick is to pay for it with your ATM card that settles the debt in gold (or silver, platinum, etc), or you can go bimetallic and pull out a couple of shiny, silver quarters to pay for it.

https://www.e-gold.com/unsecure/qanda.html

30 posted on 12/12/2009 6:11:14 PM PST by seowulf (Petraeus, cross the Rubicon.)
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To: eyedigress

Could be the same person. CAPE GIRARDEAU, Mo. and Clarksville,TN are only around a hundred miles apart. A Sunday drive through the country side.


31 posted on 12/12/2009 6:24:12 PM PST by Dust in the Wind (U S Troops Rock)
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To: Dust in the Wind

Could be. This was the 13th year in a row. Wednesday


32 posted on 12/12/2009 7:32:18 PM PST by eyedigress
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To: Star Traveler
Not Kruggerands.

Nam Vet

33 posted on 12/12/2009 8:02:19 PM PST by Nam Vet ("Goodnight Mrs. Calabash, Wherever you are ! ")
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To: Diana in Wisconsin

Post #18 LOLOLOLOL


34 posted on 12/12/2009 9:59:54 PM PST by Extremely Extreme Extremist (10 YEARS OF FREEPING! HAPPY ANNIVERSARY EEE!!!)
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To: Nam Vet

the different sizes of the Krugerrand... :-)


35 posted on 12/13/2009 8:00:39 AM PST by Star Traveler (The God of Abraham, Isaac and Jacob is a Zionist and Jerusalem is the apple of His eye.)
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To: Dust in the Wind; eyedigress

Wifey heard on the radio a couple of weeks ago that one had been dropped someplace in Colorado.


36 posted on 12/13/2009 8:05:46 AM PST by ErnBatavia (It's not the Obama Administration....it's the "Obama Regime".)
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To: ErnBatavia

And in New York, too, as posted here on Free Republic...


37 posted on 12/13/2009 8:21:09 AM PST by Star Traveler (The God of Abraham, Isaac and Jacob is a Zionist and Jerusalem is the apple of His eye.)
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To: Star Traveler
I stand corrected. Been in many coin shops and never seen anything but 1 oz krugs

Nam Vet

38 posted on 12/13/2009 10:29:49 PM PST by Nam Vet ("Goodnight Mrs. Calabash, Wherever you are ! ")
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