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What is the approximate value of the governor's edition of the 1970 Franklin Mint states of the union series 24KT gold on sterling silver 500 grains?
Wiki User
∙ 13y ago
As of today's prices May 7th 2010 the Gold and Silver calculates the cost structure of the year 1970 issue price / raw materials i.e. Gold and Silver, you will find that the ratios are 33-1 Gold and 18-1 Silver. (to the Original Costing).
Using the today's market raw material prices with Walnut 21" x 11-3/4" x 3" box and the housing materials this set is worth.................are you ready for this?
.....................$15,000+...just to produce the "Set" as the original.
39mm of 24kt Gold Plated Sterling Silver $277.25
The Franklin Mint would need to spend $15,000 just to be able to reproduce them at today's prices. Their selling price would contain today's margin of 18% to 27%.
$2,520 to $3,780.
Along with the fact the 1303 original sets issued are quite rare.
And the fact that their dies are no longer available.....just.....keeps adding value.
The asking price of $3000 was a steal.
For the guy with the set of 500 grain Sterling with no 24k
It is worth just in Silver alone ..........$1,000+
Wiki User
∙ 13y ago
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Franklin Mint States of the Union Series-Governors' Edition sterling silver What is the worth?
I would need more information on the particular coin you have to give you an exact price, but these are highly collectible coins. The Franklin Mint States of the Union Series (mostly .925 Sterling, and some Bronze), The Franklin Mint States of the Union Series "Governors' Edition" (24K on .925 Sterling or .925 Sterling), and The Franklin Mint States of the Union "Treasures Edition" (24K on .925 Sterling) are all very respectable, rare coin sets. These coins were all issued by The Franklin Mint from 1969 until 1972. The Franklin Mint also made a mini "Platinum Edition" States of the Union Series in 1969. The 24K on Sterling "Governors' Edition" were minted from 1970-1972. And, the Bronze "Governors' Edition" series were minted in 1970-1971. These sets all fall into the category of commemorative coins. The vast majority of commemorative coins, even if Sterling Silver or 24K clad Sterling, are worth little more than the value of the metal they're made of. This is because they're not minted by the Federal Reserve, and are generally produced in very vast quantities. However, these three Franklin Mint sets were all very limited in quantity, and are now quite rare. The value varies on the series, the metal, and the year. The main factor in the value of these coins is the number of coins minted in each particular year/series/metal. I won't estimate a value on the Bronze or mini Platinum series, but the Bronze coins are the most common and the mini Platinum coins are among the rarest. Falling close behind the Platinum series, in terms of rarity, are the 24K gold clad Treasures Edition coins. Both the mini Platinum and the 24K gold clad Treasures series are extremely valuable. The standard Sterling Silver States of the Union Series and the Sterling Silver "Governors' Edition" range in value from $25-$30 each to well over $100 each. Some coins from the standard set exceed the "Governors' Edition" in value, again depending on series and mintage. Remember, all of these coins become much less valuable once removed from their original cards, which seals the coin in plastic. Jerry Austin, Independence Coins Charlotte, NC
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