A Funny Story About $20 Gold Coins

A Funny Story About $20 Gold Coins5.5102

We came back from Vancouver with two $20 gold pieces in our pocket. Actually, the idea came from Jim Rogers, who gave us one. We bought another to give to Henry for his 18th birthday.

"Hey...what's this?" Henry wanted to know.

"It's a gold coin... A Canadian maple leaf..."

"Oh...is it worth anything? It says it's worth $20...kind of a measly birthday present, wouldn't you say, Dad?"

"Well, it's worth a lot more than that. It's gold. An ounce of gold..."

"What's that worth? Two hundred dollars?"

"A lot more than that..."

"But it says it's worth $20. I guess at one time it was worth $20..."

"Yep."

"Can you still use these for money? I mean, can you go into a shop in Canada and pay for things?"

"Well, maybe, but I don't think it would be a good idea..."

"Or maybe you can say to your boss that you want to be paid in these coins? And then, when the IRS asks you how much you made, you can say $20?"

"I don't know Henry, but I think that's the sort of thing that people go to jail for."

"Well, it's their fault the coin is worth more than $20, isn't it? You should be able to use it as $20. I mean, what's going on, anyway? Something funny about this..."

"Oh Henry...this is a very long story...but you're right. It's very funny."

Bill Bonner
for The Daily Reckoning Australia

VN:F [1.7.5_995]
Rating: 5.5/10 (2 votes cast)
VN:F [1.7.5_995]
Rating: 0 (from 0 votes)

P.S. to get The Daily Reckoning direct to your inbox sign up to our free e-mail newsletter or if you prefer to use RSS, subscribe to the Daily Reckoning RSS feed.

Related Articles:

About the Author

Bill BonnerBest-selling investment author Bill Bonner is the founder and president of Agora Publishing, one of the world's most successful consumer newsletter companies. Owner of both Fleet Street Publications and MoneyWeek magazine in the UK, he is also author of the free daily e-mail The Daily Reckoning.

See All Posts by This Author

There Is 1 Response So Far. »

  1. the $20 coin is most probably worth $1000 or more. definately wouldnt want to use this at the local shop

    UN:F [1.7.5_995]
    Rating: 0.0/5 (0 votes cast)
    UN:F [1.7.5_995]
    Rating: -1 (from 1 vote)

Post a Response

Comment moderation policy: Port Phillip Publishing supports free speech and frank and open conversation. But we reserve the right to modify or delete your comments if we consider them to be offensive or in violation of any laws, including Australia's anti-discrimination laws

By submitting your comment you agree to adhere to our comment policy.


© Copyright The Daily Reckoning Australia & Port Phillip Publishing Pty LTD 2010 All rights reserved.

Port Phillip Publishing Pty Ltd holds an Australian Financial Services License: 323 988. View our Financial Services Guide.

ACN: 117 765 009 ABN: 33 117 765 009

Port Phillip Publishing
Attn: Daily Reckoning Australia
PO Box 899
Braeside
VIC 3195

Tel: 1300 667 481
Fax: (03) 9558 2219