Mardi Gras Silver Doubloon
1970 Chitty-Chitty Bang Bang
Doubloons are brightly-colored
coins that are thrown from various floats during the Mardi Gras in
New Orleans. One side of the doubloon is stamped with the
different carnival club logo and the parade’s theme is on the
other side. No two clubs (a.k.a. krewes) have doubloons that are
exactly alike, and they are different for each Mardi Gras.
They are minted in various colors, and from different materials,
like aluminum, silver, bronze and more recently plastic with
silver being among the most valuable.
The Mid-City Krewe is responsible for the issuance of this silver
oxide coin for the 1970 Mardi Gras. In 1963, Mid-City started the
"Greatest Bands in Dixie" Contest and brought in high school bands
from throughout the South to compete in a Mardi Gras contest for
the title of "Greatest Band in Dixie." This coin features Kentucky
The 1970 Mid-City Oxidized Silver Mardi Gras Doubloon
The 1970 Chitty Chitty Bang Bang
Doubloon by the Mid-City Krewe features the Mid-City 'Entwined
Hearts' Logo and Motto "Pour La Joie De Vivre" (For the Joy of
Life) on the obverse. The reverse features the Kentucky Flag
superimposed on a Confederate Flag and reads "Honoring Greatest
Bands In Dixie...Salutations Great State Of Kentucky...Chitty
Chitty Bang Bang. Click on images for a larger view. It measures
1 1/2" in diameter and has "K.M.C. .999 SILVER" stamped into its
I picked up this .999 Silver Oxide Doubloon (which starts out as a
.999 Fine Silver doubloon and then is oxidized giving it the dull,
matte finish) at a small local coin show. The coin contains 25
grams of silver, slightly more silver than an uncirculated Peace
or Morgan silver dollar. The dealer I bought this from had picked
it up at an estate sale and wasn't aware of it's value. I paid $15
for the coin and according to 2015 Doubloon Guide, it is worth
approximately $55 as a collectible.
Doing basic research on the Internet, it appears there are at
least a few active groups that trade in Mardi Gras doubloons.
Whether I can get $55 or even double my money at $30 is no sure
thing. At some point I do plan on selling it for a profit
but if I can't find a buyer, I will simply keep it as a souvenir
of the New Orleans Mardi Gras.
To determine the
silver (melt) value of this coin,
we must first divide the grams in this coin (25) by the total
grams in a Troy ounce (31.1033). The result, what percentage of a
Troy ounce it is, yields .80377. Then multiply the current spot
price of silver times .80377.
Example: $15.00 x .80377 = $12.056
I have made every reasonable effort to
produce an informative and helpful article on Mardi Gras Silver
Oxide doubloons based on my research and experiences. However, I
make no representation or warranties of any kind with regard to
its completeness, accuracy or suitability for any specific
situation or purpose. See Terms and Conditions for more info.
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Investing Simplified - Silver Oxide Doubloons