Nordic Gold

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Nordic Gold

What is Nordic Gold?
The first and most important thing to know is that "nordic gold" is not gold. It contains no gold whatsoever.

Base Metal
Nordic gold is a base metal alloy.

Its composition is 89% copper, 5% aluminium, 5% zinc, and 1% tin.

It has been used as an alloy for the production of coins for some time.

It was originally developed for the Swedish Mint, who used it for the new base metal 10 kronor introduced in 1991. It is a source of possible confusion that previous Swedish ten kronor coins from 1873 to 1901 were made of real gold.

Since then, it has been used for a growing number of coin denominations worldwide, including the eurozone's 10 cent, 20 cent, and 50 cent coins.

One of the reasons for its development and selection was its low allergenic properties. It contains no nickel, which has been a common constituent of coin alloys. The US 5 cent coin has been made using a nickel alloy since 1866. Nickel has many useful and desirable properties for use in coins, but its main negative property is that it is a known common allergen, i.e. it caused allergic reactions in many people. Obviously it is undesirable for coins to cause allergic reactions, bearing in mind that coins are handled by most people in everyday transactions. In litigious societies, it would not be surprising for individuals or groups to mount legal action against governments which continue to use nickel in coins.

Wikipedia
Interestingly, the Wikipedia page about nordic gold included the statement "this is unlikely to lead to many misleading trade descriptions since its colour and weight are quite unlike real gold."
We have added the following paragraph to the Wikipedia page:-

As a professional numismatist (coin dealer) with over 40 years experience, I believe that the name "nordic gold" is very likely to lead to many misleading trade descriptions. Its colour is similar to that of gold, and is probably at least an indirect contributory factor in its choice. Granted when compared with most gold coins, it is fairly easy to tell it apart, but there are many different gold alloys, and gold alloys can be produced in an almost infinite range of colours. Nordic gold coins could also be gold plated which would give them a visual appearance identical to gold. In this case, it would be necessary to compare weights or densities, something which many consumers would not think of doing before purchase, and arguably requires at least some degree of knowledge and expertise. Dishonest dealers and individuals will use any advantage, loophole, or other opportunity unfairly. Even a cursory look at internet auction sites such as eBay will quickly reveal many coins described and sold as "gold", which are clearly not gold, sometimes gold-plated, sometimes made of nordic gold. In some listings there is a note in the description that the coin is gold plated, but often any such clarification is omitted. It is our firm opinion that any such "trade description" should contain a clear indication in the item title, and also in the description, that the item is not real gold. Failure to state this clearly could be due to ignorance or inexperience, but in most cases appears to be deliberately intended to mislead, i.e. it is made with fraudulent intent.

Legal Loophole
Anybody accused of misleadingly or fraudulently describing an item as "nordic gold" without any clear statement or indication that the item was not real gold, or that nordic gold contains no gold, could use the argument that they have simply used the accepted and correct name of the alloy. We do not believe this defence should be permitted to automatically succeed. If the item title majors on the term "nordic gold", rather than for example "Swedish 10 Kronor", then the title should be considered to be intended to mislead, at least in the absence of a clear and unequivocal statement about the true nature of the item and its metal content, specifically the nordic gold is not real gold, and contains no gold.

Our Advice
We advise any potential buyers to make a note of vendors who use misleading titles and descriptions, and boycott them. You could also try reporting them to eBay, although this is time-consuming, and usually ineffective, but if everybody always reported all phoney listings, eBay might just be pushed into taking action.

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Author & Copyright Notice
This page was written by Lawrence Chard of Chard Coins, and is extracted from our "Gold Sovereigns" website. We hope you find this page useful and informative, please feel free to use the information we have provided, but please note we retain copyright on all contents including both textual content and images. Please do not copy our text or images without our prior written permission.



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