By Charles Morgan and Hubert Walker for CoinWeek Notes …..
(n.)
The term “generic gold” generally refers to gold coins wherein their primary value is derived from the intrinsic worth of the precious metal they contain. In numismatic terms, generic gold can mean pre-1933 gold coins that are too plentiful to command a significant premium over spot. The term can also describe gold rounds or bullion coins of no particular value over the spot price of gold.
Examples of Generic Gold
- Post-1900 Liberty Head Quarter Eagles and Indian Head Quarter Eagles
- Common-date Liberty Head Half Eagles
- Lower-grade Uncirculated (MS60 to MS63) common-date Indian Head Half Eagles
- Common-date With Motto Liberty Head Eagles
- Lower-grade Uncirculated (MS60 to MS64) common-date Indian Head Eagles
- Common-date Type Three Liberty Head and St. Gaudens Double Eagles
- Modern gold bullion coins
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