Precious Coins as Charitable Donations: A Holiday Tradition?

In 2017, the Salvation Army of Metro Atlanta received a surprise donation in one of their red kettles: a one-ounce Canadian Gold Maple Leaf coin. With a value of $1,200 at the time, the donor’s generosity was sure to bring some holiday cheer to a local family. Here are several other examples of people donating valuable coins and bullion during the holidays.

Gold Coin Donations in Wisconsin

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Organizations across the country have reported an increase in anonymous donations of precious coins during the holidays. These acts of kindness have gained recognition for the massive impact they have on fundraising efforts. Salvation Army kettles have collected thousands of dollars each year from these donations. In 2016, a total of 80 one-ounce American Gold Eagle coins were left in several different Salvation Army kettles in Manitowoc, WI. With a total value of over $90,000, these donations were a massive boost to this small county.

Charitable Auctions and Iconic Coins

Rare coins have also become notable pieces that charities and other philanthropic groups auction off at fundraisers. Shortly after New Year’s in 2015, Stephen Winthrop allowed his remarkable coin collection to be sold at an auction to help fund ALS research. The dozens of rare coins brought in more than $1.3 million. There were several standouts in the collection that sold for over $100,000, including the following coins:

  • A $10 1799 Capped Bust for $188,000
  • A 1915-S Panama-Pacific gold round for $129,602
  • 1799 Draped Bust silver dollar for $111,625

As valuable items that tend to increase in value, rare coins and bullion can make a significant impact when donated, but there’s nothing wrong with giving a dollar or two instead. As the leading coin dealer in the Atlanta metro area, we know how much time and effort it can take to acquire rare coins. At Atlanta Gold & Coin Buyers, we can buy or sell coins and appraise the items in your collection. Our staff has combined decades of experience with coins and bullion made of gold, silver, platinum, and other precious metals. To schedule an appointment with our experts, call (404) 236-9744 today.

Tony Davis
Tony Davis