Salvation Army gets $14K coin

VTCoins

Click for link to the article

They showed the coin on the news last night, and it looked like a cleaned AU.

It is great that someone donated the coin, but I hope the Salvation Army isn't too disappointed when it comes time to sell.

ss350camaro

I hope it's real.

DeusExMachina

<< <i>I hope it's real. >>



I was going to say the same thing.

When I saw the 14k price quote, I thought it must be a MS+ 1911-D. Not quite...

jbsteven

I know the Houston area Salvation Army will get a 1880 $10 Lib in their kettle in a week or so.

TwoSides2aCoin

The donor couldn't fit PCGS plastic in the bucket I guess

Pentimento

<< <i>while it isn't unusual to come across a World War II-era silver penny or two during the Christmas season, gold coins are a rarity. >>

Weiss

I'm kind of torn about these. It's generous, but unless the publicity pays for the extra effort, it's not as helpful as just writing a check would be. They likely won't get what it's worth, it requires staff time, the coins could easily get slipped into a pocket along the way and nobody would ever know, etc., etc.

Of course, it never stopped me from doing it

mhammerman

Good on ya JB! I was thinking of something similar ('89-s $5 53/55 raw in flip). I'm thinking that a tpg holder may be the best way to do this so that they know it's something special. Comments from last year when this topic was discussed included some scrouge comment about making the SA have to get it sold and lots of other bah humbug stuff like the santa keeping it in his pocket but I believe that if a coin in a pot can generate news then it may encourage others to drop nice coins into the pot and it certainly can't hurt coin collecting either. So...drop those coins! Imagine seeing this story in the paper and knowing that you are the only one that knows what happened...hee hee.

skigropple

S.A. should do ok, since most run auctions on a websites, use ebay or use a auction service. Its hard to find high dollar items for sale at any donation store now.

Jim

VTCoins

I considered contacting the Salvation Army about purchasing the coin, but I don't want to be the bearer of bad news.

I'm also guessing that with the PR the coin is getting, they will probably get big bucks for it.

jbsteven

I know of a local dealer that gets the Salvation Army collector coins every year. This place is as honest as they come and the SA gets every penny of value from the coins. It really is not as hard as the media or others have made it out to be.

Also, having the local news report on thse gold coins only helps to get more people to either give money or other valuable coins.

MacCrimmon

<< <i>"You can see no flaws in it," he said. >>




Pssssst, I'll bet you $14K that I can see them.

VTCoins

I know of a local dealer that gets the Salvation Army collector coins every year. This place is as honest as they come and the SA gets every penny of value from the coins. It really is not as hard as the media or others have made it out to be.

I would have no problem buying the coin for more than it is actually worth (the funds go to a good cause). The coin is probably worth $160 to $190. But they are expecting $250 to $14,000, so I don't want to bust their bubble. They also may sell it to someone for significantly more than I would pay because of all the press the coin has gotten.

MrEureka

Quote from the article:

"It's worth anywhere from $250 to $14,000," he said, detailing plans to have the coin appraised.

RichieURich

When the value is quoted as anywhere from $250 to $14,000 that is a large bit of difference. It sounds like it's probably worth $200 to maybe $400. When I saw $14,000 and the 1908 date, I thought maybe they misstated the date and meant 1808. That one would probably bring the $14K and maybe more. But it's the same situation we've often seen with non-numismatists making judgements on values of coins: who can forget the story of the guy who had the $500,000 Lincoln cent at home in a dish with other pennies, and somehow it got lost. Not authenticated, uncertified, yet worth over double what any Lincoln ceent has ever sold for? I don't think so.

GoldenEyeNumismatics

even if it is worth melt, it is still a generous donation

Coinosaurus

It is a very generous thing.......

But wouldn't you want to at least get a receipt for your taxes?????

RichieURich

<< <i>It is a very generous thing.......

But wouldn't you want to at least get a receipt for your taxes????? >>



Very good point, Coinosaurus. I doubt that this deduction with withstand an IRS audit. Folks, the Salvation Army and other reputable charitable organizations accept personal checks, and those almost always will withstand an audit.