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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 bands.

The 1970 Mid-City Oxidized Silver Mardi Gras Doubloon

.999 Silver Oxide Mardi Gras Doubloon - Front View .999 Silver Oxide Mardi Gras Doubloon - Back ViewThe 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 edge.

.999 Silver Oxide Mardi Gras Doubloon - Edge View

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


Disclaimer: 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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