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The E-Sylum: Volume 12, Number 13, March 29, 2009, Article 21

WOMAN CASHES IN DOUBLE EAGLE GOLD COINS AT FACE VALUE FOR GROCERY MONEY

In a story on the AP wire from Salt Lake City, a woman apparently trying to scrape together some grocery money cashed in a group of gold coins at face value. -Editor
Police and a St. George bank are trying to locate a woman who cashed in 14 rare gold coins face value to pay for groceries.

The Double Eagle coins have a face value of $20 each, but are actually worth 50 times that just based on the current price of gold. The oldest of the coins was minted in 1875. The newest, in 1927.

Each coin weighs close to an ounce. They are 90 percent gold and 10 percent copper.

Zions Bank's executive vice president over marketing and communications Rob Brough said the coins have not been appraised.

Banks deal only in face value transactions, so a bank teller paid the woman $280 in the March 16 exchange, Brough said. The woman told the teller she had groceries waiting at a nearby Wal-Mart, which had refused the coins as payment.

Brough said the bank wants to return the coins to their owner. But so far, there is little information to go on. A bank surveillance video shows a woman with short, dark hair who may be in her 20s or 30s.

So who's more clueless - the poor woman or the Wal-Mart cashier who refused the coins? -Editor


To read the complete article, see: Traded: Woman cashes in rare coins for grocery money at St. George bank (www.fox13now.com/news/sns-ap-ut--rarecoins,0,6366083.story)



Wayne Homren, Editor

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