No obnoxious music, just the sounds of the shop floor. Perfect. Thank you.
@stvjjgcj Жыл бұрын
thumbs up
@Mr_Chuckles3 жыл бұрын
This gold spool has an approximate value of 39 million dollars. He said, casually.
@macforme4 жыл бұрын
OMG this was a fabulous insight in to high quality coin manufacturing. Thanks for NOT having music. The narrator was wonderful.... very ASMR. Nice. I subscribed!
@coinweek4 жыл бұрын
thanks. we pushed for no background music on this video for that very reason.
@ksteege1203 жыл бұрын
So, doing the math, $39 million dollars worth of gold on the spool in January 2016, when gold was $1100 per ounce, comes to about 35,500 ounces of gold. Today (11/1/20), with gold at $1902 per ounce, it'd be worth over $64 million.
@oahuhawaii21413 жыл бұрын
The spool of gold actually has a mass of a tonne (t), metric ton, megagram (Mg), 1000 kg, 31103.4768 ozt, or about 2204 lb 10 oz. The spot price of gold was just under $1840/ozt, so the coil of gold is worth $57.21M! --- [XE 2020-12-06 11:51 UTC] 1 ozt Au = $1,839.34025072 31,103.4768 ozt Au = $57,209,876.82 The error of 4 lb 10 oz is 67.41323529464719 ozt, or about $123,995.88.
@ewomack8 жыл бұрын
Fascinating - we don't see enough of these "behind the scenes" videos these days.
@atreyu35733 жыл бұрын
In the past I always collected fractional gold eagles, but have now switched to austrian fractional gold bullion. For being a higher purity as well as lower price point this is my new favorite gold coin. Only have the 1/10 and 1/4 oz philaharmonic, and they are both absolutely stunning coins. The details on these are perfect and can tell they take pride in their coin making.
@sbentsen2714 Жыл бұрын
I will check this out, just on looks alone they haven't been my favorite, but with its lower premiums I will definitely consider a fractional piece for my next purchase! My number one choice has been the krugerrand, then the Britannia.
@lamarravery4094 Жыл бұрын
I don't like the design and the sides aren't reeded. But gold is gold, but I don't stack the philharmonics.
@snailsaredumb9412 Жыл бұрын
@@lamarravery4094 they are reeded, but they have 6 lines between two big gaps that are 2 lines thick in a repeating pattern. Its actually pretty neat looking reeding for such a tiny coin
@DannyPops Жыл бұрын
this was great thank you. Not hyped up, just simple and allowing the actual process to show itself for what it is.
@jacc888882 жыл бұрын
Great combination: Gold and the Vienna Philharmonic.
@Strieltsov Жыл бұрын
high quality manufacturing, final quality checks - and that woman drop coins on each other and scratch them. BRAVO!! no words, how it's redicilous
@Sky12 жыл бұрын
I think its cool that they make them the same diameter as their silver coins only a little thinner
@maddoxinc16423 жыл бұрын
I have a couple of these, beautiful coins for sure! This is very interesting to watch them being made.
@NandiCollector4 жыл бұрын
Outstanding passion & craftsmanship. 😀😍
@audreymuzingo9334 жыл бұрын
Wow those minting rooms are sooooo much quieter than at the business strike facilities!
@thrasherx93193 жыл бұрын
Great content, excellent quality. Thanks.
@deveelvraat34045 жыл бұрын
I bet you have cameras all over the place watching everybody day and night.
@cvdubya57745 жыл бұрын
Yeah it would be tempting 😳
@MancunianStacker8 жыл бұрын
She's got a mint job!
@NandiCollector4 жыл бұрын
Underrated comment 😂👍
@kode38 жыл бұрын
Great video thanks again.
@chrism72755 жыл бұрын
I love gold
@haroldmclean37553 жыл бұрын
What a very Beautiful place 👍
@667hodge8 жыл бұрын
I wish everyone who bought 1st strike coins would watch this
@NandiCollector4 жыл бұрын
I just love to watch coins being minted. 😂😂
@Michel-7.7.73 жыл бұрын
They want to pay double for something 'special'
@educationalfinancenewsmedi96822 жыл бұрын
Seeing the coins being thrown around like that without denting makes me less worried about buying 24 karat instead of 22
@tnorman33298 жыл бұрын
This video does NOT suck!
@manatee-qj8lb3 жыл бұрын
If I worked there for long enough, I'd probably couldn't hold back the urge to steal one some day.
@Nunzi32 жыл бұрын
God look 👀 at ALL that GOLD!! 🤩
@aflemish46168 жыл бұрын
very intresting video ! thanks for sharing
@LarryRickenbacker8 жыл бұрын
Impressive!
@Juan_Doooh4 жыл бұрын
Great video, not sure which would be the favorite, Perth Mint, Canada or this...
@carlmohr9941 Жыл бұрын
The spool in January 2023 is worth $66.35 million!
@wam443 жыл бұрын
Great video-my mouth was watering....
@TGBCH5 жыл бұрын
interesting video, thanks :)
@darcymcnabb92594 жыл бұрын
The worlds best gold coins are minted in Canada. The first mint to reach. 9999 pure gold.
@jakub21904 жыл бұрын
Did they sort out milk spots on their silver coins?
@wafdawg8 жыл бұрын
Quite impressive viewing the gold spool and all that gold. MS69s and MS70s, any imperfection of the coin can only be viewed under 8x magnifying lens. As someone who loves MS70s, just goes to show you how narrow the difference yet that little extra is so meaningful is numismatic coin pricing. But these are just bullion.
@oahuhawaii21413 жыл бұрын
The way they handle and stack the coins, it isn't surprising that a typical MS70 strike picks up a nick that drops it to MS69.
@topquark223 жыл бұрын
Absolutely fascinating, especially that these employees can shift around million-dollar buckets of coins like it's no big deal... And, I hope they get regular X-rays for obvious reasons...
@oahuhawaii21413 жыл бұрын
Too many X-rays can lead to cancer.
@JASN-oj5qu8 жыл бұрын
Amazing any of these grade 70 after being handled so much. after all .9999 gold is VERY soft.
@oliverjarosi7 жыл бұрын
possibly. It depends on the size of a coin. You can definitely very easily make a dent in it with your keys for example. This softness of .999 gold is the reason why most wearable jewellery pieces (especially rings) are made out of .750 and .585 alloy
@swunt107 жыл бұрын
no. gold is not that soft. it's a metal. it might scratch but nothing more. don't get confused by idiots telling stories of gold being like maoam
@colinmurphy22147 жыл бұрын
JAS0N888 it's not that soft, it's a soft metal but it's not like indium or something
@jujubegold6 жыл бұрын
Even if the gold isn't that soft. the lack of quality control in this video has me flabbergasted. I expected a bit more "state of the art" and quality control
@pow96066 жыл бұрын
Looking at this makes me realise gold is gold. The image is just a stamp. Silly really that people pay crazy money for that image.
@EGru17 жыл бұрын
If each coin is an ounce gold coin, in Canadian terms, for each round containing 10 coins Is worth $28500 per round. Each tray consists of 9 deep 7 across for total of 63 rounds/10 coins per. Meaning just one tray of these gold planchets is worth $17,955,000. Looks to be about 9 complete trays there. SO just slightly under 17 million in Gold planchets in one scene alone, at the 7.03 mark. And that's just a drop in bucket compared to amount they are making, like wow! Actually my math is way off, there is a lot more there then one knows.
@coinweek7 жыл бұрын
The scene with the gold coil being turned to coin blanks - those weigh 2,200 pounds each. So about $40 million in that scene.
@EGru17 жыл бұрын
yup my point quite a bit hey lmao
@EGru17 жыл бұрын
if I recall they aid coil was worth 47 million
@oahuhawaii21413 жыл бұрын
The spool of gold actually has a mass of a tonne (t), metric ton, megagram (Mg), 1000 kg, 31103.4768 ozt, or about 2204 lb 10 oz. The spot price of gold was just under $1840/ozt, so the coil of gold is worth $57.21M! --- [XE 2020-12-06 11:51 UTC] 1 ozt Au = $1,839.34025072 31,103.4768 ozt Au = $57,209,876.82 The error of 4 lb 10 oz is 67.41323529464719 ozt, or about $123,995.88.
@ferebeefamily4 жыл бұрын
Thank you.
@Kenneth_H_Olsen3 жыл бұрын
Hand made coins have much more personality .
@nickzaglitsch44007 жыл бұрын
Tolles Video ich war schon dort wohne in der nähe
@philippebert42393 жыл бұрын
Vidéo très instructive merci
@MilledSteel6 жыл бұрын
Wonderful video
@branned3 жыл бұрын
Nice!
@SoCalFreelance8 жыл бұрын
All that shiny gold @_@
@3dzuan8 жыл бұрын
awesome.. very nice
@goldcicvibefel99663 жыл бұрын
Great show! Do one on proofs 😸
@Robbie74415 жыл бұрын
Its a pity i only have the silver version 😩😩
@TheChiefCoin4 жыл бұрын
You could a plastic one.
@oahuhawaii21413 жыл бұрын
Get it plated or layered in gold.
@user-ge1bo3tm4q4 жыл бұрын
good gold
@teamskovhugger81357 жыл бұрын
very good video ;-)
@chriskifaya7354 жыл бұрын
1:25 its worth WAY more than that today...
@oahuhawaii21413 жыл бұрын
The spool of gold actually has a mass of a tonne (t), metric ton, megagram (Mg), 1000 kg, 31103.4768 ozt, or about 2204 lb 10 oz. The spot price of gold was just under $1840/ozt, so the coil of gold is worth $57.21M! --- [XE 2020-12-06 11:51 UTC] 1 ozt Au = $1,839.34025072 31,103.4768 ozt Au = $57,209,876.82 The error of 4 lb 10 oz is 67.41323529464719 ozt, or about $123,995.88.
@boogalythegreat98543 жыл бұрын
Does striking the coin produce the ridges on the sides? Or is that added separately?
@NGRevenant2 жыл бұрын
a seperate machine does the reeding, I couldn't see any on the coins in the video so I assume it's done after they inspect them for bad strikes
@jamiebehun17435 жыл бұрын
@coinweek could you please make a video about CoinWeek IQ: How Silver Coins Are Made: Spotlight on the Vienna Philharmonic Silver Coin - 4K Video
@shengsun59164 жыл бұрын
After this financial coup settles, Austrian mint ought to commemorate their school of economists by minting them on the very gold standard they upheld.
@GPCTM3 жыл бұрын
control of the blanks?
@FancyFarmOFFICIAL8 жыл бұрын
nice
@TheJMan152 Жыл бұрын
Where can I get that lens? 7:41
@paulogouveia56834 жыл бұрын
This is the money the fed should be printing but they would have to call it minting. I bet the fed would not be buying crap if they were buying it with gold
@667hodge8 жыл бұрын
are the dyes laser etched?
@coinweek8 жыл бұрын
Yes. The die steel is mounted and a laser etches the design. It is then finished by hand.
@jackkktruuummmppp40783 жыл бұрын
Frrrrreeeeeee thhheeeeee MAAAAAXXXXXX
@audreymuzingo9334 жыл бұрын
What is that weird ceremonial looking thing she is doing with the paper at 8:00? Some kind of static discharging or something?????
@CuriousEarthMan4 жыл бұрын
I think he said diffusing the light, maybe something to do with seeing scratches. Try reviewing at 6:58 +
@robdavis11764 жыл бұрын
Are those dye's tooled by hand? Or by a CNC machine? I would think a machine how can one person consistently create multiple matched perfect dye's?
@SufiRepublic4 жыл бұрын
CNC
@oahuhawaii21413 жыл бұрын
*die Look up how master/working hubs/dies are made and used.
@ndhikaatube4 жыл бұрын
now i want to work there
@arungold43615 жыл бұрын
Polish section missing
@comradecollects47308 жыл бұрын
What did they do to the damaged dies?
@coinweek8 жыл бұрын
+Comrade Collects The damaged dies are destroyed, the metal is recycled.
@almamladenovic48303 жыл бұрын
Can anyone tell me, why the Vienna Philharmonic's gold coin has currency... value - 50, 100 Euro.
@samkom333 жыл бұрын
They set a fantasy number for tax reasons i guess. becouse here in norway, and i think in england you have to pay sale tax for buying metal, say BARS. But money-coins with a set value is tax free. but only somone silly would use a gold ore silver coin to buy a bread. although its possible if your realy hungry. haha i have only a few philarmonics silver coins 1.5 euro which i bought for around 25 dollar each + a few dollar premium. IM SAVING UP FOR MY FIRST GOLD COIN. i want a 1 oz coin.. those half oz and 1/4 and 1/10 and say 1 gram is cool but often have a lot of premium.
@Alezhik1218846 жыл бұрын
i want one
@teller1215 жыл бұрын
get you one!
@gcv9807 жыл бұрын
Can I have one please, please, pretty please hahaha
@SilverStackingpro018 жыл бұрын
If the gold is 24k, wouldn't they get bent with the tumbling and washing
@coinweek8 жыл бұрын
+SilverStacking pro Not exactly. This is the standard practice for preparing gold blanks. We saw no bent or damaged blanks.
@mtube6208 жыл бұрын
any bent will be flattened during pressing by tons of pressure between dies
@swunt107 жыл бұрын
gold is not that soft. nothing will bend..
@colinmurphy22146 жыл бұрын
Do you think gold is metallic butter or something?
@colinmurphy22144 жыл бұрын
7:12 this sounds like a sentence from an English workbook
@audreymuzingo9334 жыл бұрын
Impressive was Alexander's observation. LOL!
@dadoedu1008 жыл бұрын
What hapens when a gold coin as a defect?
@coinweek8 жыл бұрын
+Eduardo Esteves Great Question! Defective gold coins are melted down and the gold is recovered and made into new coining strip.
@giopirosd8 жыл бұрын
+Eduardo Esteves Defective coins can take home)))
@TheChiefCoin4 жыл бұрын
Sold has seconds
@Michel-7.7.73 жыл бұрын
@@TheChiefCoin i see what you did there😄
@tylersworldcoins72213 жыл бұрын
I'd work here for just 1 coin a day, no benefits needed
@francis594410 ай бұрын
Do they trow away the scraps? :)
@donttouchmysilver82028 жыл бұрын
I would like to play with the blanks, like I'm Scrooge McDuck!
@carlhenry39976 жыл бұрын
Donald doesn't like it
@RMokros3 жыл бұрын
They should make a Bruno coin.
@qalas7327 Жыл бұрын
And no one of the staff steals these coins??
@Allofussurvived Жыл бұрын
Not enough details
@Tazdingo014 жыл бұрын
I wish they would change the design. It looks so boring! Cool video though.
@jerryhsi0054 жыл бұрын
they need better counterfeit design, like maple leaf gold. some micro line from the outer ring of coin to center.
@oahuhawaii21413 жыл бұрын
Ultra high relief with MSPL for Unc, or UCam for Proof.
@lamarravery4094 Жыл бұрын
That's why I don't buy these. Music instruments are so boring.
@akuseru854 жыл бұрын
Who needs pornography when you can watch this?
@brandonheyward86354 жыл бұрын
All this wasted gold on individuals, The Shame
@tomjung49602 жыл бұрын
i was told every european is a super model who lives on salads and yet every coin worker is overweight
@carterhall26534 жыл бұрын
Better to buy bars as the coins aren't worth more than gold weight, but yet people pay triple for a one kilo special coin of gold or silver, pretty stupid from An investor point of view. Not a good investment
@TacticalTrucker5 жыл бұрын
This video needs editing, and music to make it more interesting..😒
@macforme4 жыл бұрын
AGGGGGGGGGHHHHHHHHH.....er.... no.
@azpatriot79375 жыл бұрын
can you imagine how much gold will lose its value once space mining is up and running
@DanijelTurina9735 жыл бұрын
An asteroid is more likely to wipe out mankind, than mankind is to mine it. It's an extremely silly idea, considering how Earth is the best source of heavy elements in the known universe and there are immense amounts of gold in the crust, mantle and the core, and yet mining it is barely profitable.