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March 2004 Buyers' Group
crown
The 'Mermaid' Denmark 20 Kroner

Denmark gold coins
(click for larger image)

.2592 net fine gold ounces

Minted: 1873-1900

Christian IX
We think you'll find March's special offer truly deserving of the word "special." The Denmark 20 kroner "Mermaid" gold coin is one of the most sought after of the European pre-1933 coins both for its old world solidity and its overall scarcity. To be able to obtain this piece in choice brilliant uncirculated condition represents a rare opportunity both as an investment and a collector's item.

The "Mermaid" 20 kronor has a total mintage of only 1.5 million, as compared to the nearly 110 million mintage of its period cousin, the Queen Victoria sovereigns. It gets its name from the blend of a stoic Lady Liberty enthroned with a herring swimming at her feet. The least expensive listing in the Krause Standard Catalogue of Coins is $190 in uncirculated grade, and that value is for a coin two grades below this choice example.

The 20 kroner gold coins (kroner is Scandinavian for crown) became the fixed standard of value and primary monetary instrument in Denmark, Sweden and Norway under the Scandinavian Coin Union in 1875. The Coin Union was a reaction to the recurring monetary crises caused by the undisciplined issuance of paper money. One such crisis led to the public burning of bank notes in 1728. Another in 1814 pushed the country toward an inflationary financial collapse and public rioting.

Christian IX was known as the 'father-in-law' of Europe because two of his daughters and one son married into the royal lines of England, Russia and Greece respectively. His grandson became the king of Norway.

This coin is exceedingly popular with the people of Denmark in that the mermaid is the national symbol of that country. We invite you to take advantage of this opportunity while it lasts. Orders as always will be filled on a first-come, first-served basis, and we encourage you to act quickly as we have only about 200 of this item.

Limited availability: 200 coins
Orders will be filled on a first-come, first-served basis.
Maximum purchase - 30 coins.
Prices subject to change without notice.

Christian IX 'Mermaid' 20 Kroner Gold Coins

Choice Brilliant Uncirculated
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* Listed in the Krause Standard Catalog of World Coins (2000):
$190.00 Uncirculated
[average spot gold approx $280/oz. in year catalog was published]


collector catalogThis booklet, Collecting Historic Gold Coins for Fun, Profit & Asset Preservation by Michael J. Kosares, will be included free of charge with orders over ten coins, or it can be purchased for $6.95.

Excerpt:
"Historic European gold coins from the mid-19th and early 20th Century offer a rich vein of opportunity for the individual interested in combining gold ownership with numismatic potential. The potential is not too different from the one presented by U.S. $20 gold pieces and silver dollars in the 1950s and 1960s when early accumulators were able to acquire quality specimens in bulk at slight premiums over the bullion price, then put their acquisitions away, and waited for the market to come to them. Those investor experienced multiple returns later when. . . . ."

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20 pages of history includes photos, vignettes on 27 different pre-1933 European gold coins.


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Centennial Precious Metals
Gold coins & bullion since 1973

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