Ultra Rare Spongebob 4 Coin Silver Set. 999 Fine Silver 4 Ounce Only 76 Sets. PFGBest SpongeBob SquarePants Silver Coins To. (Kitco News) – Silver collectable coins struck with the image of cartoon character SpongeBob SquarePants will be destroyed by this weekend, in accordance to an original licensing deal between PFGBest and Nickelodeon, the owner of the SpongeBob character, said the former director of business development at PFGBest Precious Metals. Peter Thomas, who was director of business development at PFGBest Precious Metals and was one of the people instrumental in creating the SpongeBob SquarePants coin, said the firms unsold coins were considered assets after PFGBest went bankrupt following fraud committed by Russell Wassendorf Sr. The coins were released late last week by the bankruptcy trustee, Thomas said in an interview with Kitco News. Thomas said PFGBest and Nickelodeon had a 13-month licensing contract that allowed use PFGBest to use the SpongeBob image. According to a November 2011 press release from PFGBest, the coins were a legal tender one-ounce silver bullion coin, and the coins were square, like the cartoon character. The set contained four silver coins, in a wooden box, with a certificate of authenticity by the New Zealand Mint, which struck the coins. There were plans to create more coins featuring others characters from the cartoon series. The New Zealand Mint said in July 2012 that they were paid in full for the coins. In total 6,096 coins will be destroyed. People who bought the coin sets prior to the bankruptcy are unaffected. Meanwhile, Thomas said, the unsold coins are at a smelter, ready to be melted down and the silver recast for another use. The coins will be destroyed this weekend sometime, he said. There hasnt been a square legal tender coin in hundreds of years. They were really beautiful coins, Thomas said. Nickelodeon said in an emailed statement that it does not comment on the terms of any deals. 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. And the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication. These sets are the rarest spongebob sets in existence with the crazy story to tell. Only 76 sets made it to the public and the rest were never minted and the court destroyed the rest. Good luck finding one. The item “Ultra Rare Spongebob 4 Coin Silver Set. 999 Fine Silver 4 Ounce Only 76 Sets” is in sale since Tuesday, March 2, 2021. This item is in the category “Coins & Paper Money\Bullion\Silver\Bars & Rounds”. The seller is “kookaburra2008″ and is located in St. George, Utah. This item can be shipped to United States.
- Precious Metal Content per Unit: 4 oz
- Composition: Silver