| Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day’s top stories directly to your inbox. Sign up here! |
(Kitco News) – Holiday magic is in the air as a $5 donation turned into $2,000 for Salvation Army volunteers in Vermont as they tallied up the money raised during their annual fundraising drive.
According to media reports, the volunteers found a one-ounce American Eagle gold coin tucked into a five-dollar bill.
“As we were separating the dollars, I noticed a five-dollar bill that was taped,” Major Keith Jache, an officer for the Salvation Army’s Barre Corps, said in an interview with the Boston Globe. “At first, I thought, ‘Who is being a joker?'”
“We do get all kinds of weird things in our kettles, or all kinds of foreign money,” Jache added. “This was a blessing wrapped up in a $5 bill.”
The one-ounce coin is worth more than $2,000 at current prices, as the gold market has seen significant upward price momentum in the last few weeks. This was the first time the Barre, Vermont Salvation Army has received a gold coin donation.
While rare, gold coins have been known to make their way into donation bins during the holidays. So far this year, Salvation Army volunteers in Indiana and Detroit, Michigan have also found gold coins in their red kettles.
The coin donated in Detroit was a South African gold Krugerrand. According to media reports, this is the eleventh consecutive year someone donated a Krugerrand.
While a donated gold coin can make headlines itself, the generosity of the gift is greater than ever this year as prices of the precious metal trade near all-time highs. Spot gold last traded at $2,032 an ounce on Thursday.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Credit: Source link