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Cryptocurrency News Articles

Rare gold coin donated to Salvation Army Red Kettle in Pennsylvania is worth more than $2,700

Jan 02, 2025 at 05:46 pm

Local Salvation Army staff in Washington, Pennsylvania, were collecting donations with their Red Kettles in front of a Giant Eagle grocery store.

Rare gold coin donated to Salvation Army Red Kettle in Pennsylvania is worth more than $2,700

A rare gold coin was donated to a Salvation Army Red Kettle in Washington, Pennsylvania, by an anonymous good Samaritan after the donor dropped it inside amid holiday foot traffic.

The Salvation Army shared the news of the donation with Fox News Digital on Monday, revealing that a gold coin was found in one of the organization’s iconic Red Kettles.

“A generous donor dropped in a gold coin wrapped in a dollar bill that had been taped up with a note saying that he or she wanted to remain anonymous,” a Salvation Army spokesperson told Fox News Digital.

A rare gold coin was donated to a Salvation Army Red Kettle in Washington, Pennsylvania, by an anonymous good Samaritan after the donor dropped it inside amid holiday foot traffic. (The Salvation Army)

A spokesperson for the organization told Fox News Digital that the coin was stamped with Queen Elizabeth the II’s potrait and is worth more than $2,700.

“Increased foot traffic around the holidays is critical for The Red Kettle campaign,” the spokesperson said, adding that the Red Kettles raised an average of $2.7 million each day last holiday season.

“In fact, during a typical year, nearly half of the donations that The Salvation Army receives (including donations to Red Kettles) come from October through December,” the spokesperson continued.

David Zanca, senior portfolio manager of Louisiana-based Blanchard & Co., an American investment firm that specializes in rare coins, told Fox News Digital that the coin is a one-ounce, Canadian gold maple leaf.

“Canadian gold maple leaf coins are fairly popular with investors as a way to buy gold bullion. Gold bullion pieces are those that are primarily valued for their gold content,” Zanca said.

The coin is dated 1987 and has an engraved inscription, according to the Salvation Army.

“Assuming the person bought the coin in 1987, they would have paid an average price that year of $520. That’s over 500% difference from the 1987 value,” Zanca said, adding that the donation is “great” for the Salvation Army.

The Red Kettles raised an average of $2.7 million each day last holiday season. (Mark Rightmire/MediaNews Group/Orange County Register via Getty Images)

“One of the interesting aspects of gold coins is that they can be gifted/donated in a private manner,” Zanca said.

“God bless the person that chose to donate the gold coin to the Salvation Army not just because of the size of the donation. But, because it calls us now, at the start of a new year, to focus on and discuss kindness,” he added.

“The funds that come from the coin will go directly back into the local community to help provide critical social services for individuals and families throughout 2025,” the Salvation Army spokesperson said.

This is not the first time the Salvation Army has received a gold coin in one of its kettles, as in the last four years the organization has literally struck gold across the U.S.

Two South African Krugerrands were donated in Naples, California, and Canton, Michigan.

In Farming Hills, Michigan, two sovereign coins were dropped in along with a 10-ruble coin.

A gold coin worth $3,000 was found in a kettle in Monmouth, Oregon.

“Services such as alcohol/substance abuse recovery, clothing assistance, rent/mortgage/utility assistance, school supplies and more will be helped thanks to the coins,” the Salvation Army said.

News source:fox40jackson.com

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