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Platinum for Salvation Army

PENSACOLA, Fla.(AP) A platinum coin estimated to be worth more than $1,000 couldn't fit in a Salvation Army kettle, so the donor handed it over to the bell ringer.

An unidentified person donated the coin Friday outside a Belk department store.

"The man who donated the coin tried to put it in the kettle, but it wouldn't fit," Salvation Army spokeswoman Yvonne Warthen said. "So he just handed it to the bell ringer. It just shows how honest our bell ringers are."

The coin's face value is $100, but the Salvation Army had it appraised, and initial estimates put its value at about $1,300. The coin is from 2006 and is stamped with an image of the Statue of Liberty.

The Salvation Army has also received at least eight gold coins in its kettles this year. One, a one-ounce South African Krugerrand worth about $800, turned up earlier this month in Washington. And gold coins have turned up all the way back to 1982, the group said.

Salvation Army officials also have reported getting an Indian head gold coin in Barre, Vt., one-ounce American Eagle coins in Prescott, Ariz., and Fargo, N.D., and a Lady Liberty coin in Grand Island, Neb., among other unusual coins.



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Comments

  • A good handfull of silver roosies in Nh.image
    (Old man) Look I had a lovely supper, and all I said to my wife was, “That piece of halibut was good enough for Jehovah”.

    (Priest) BLASPHEMY he said it again, did you hear him?
  • BAJJERFANBAJJERFAN Posts: 31,113 ✭✭✭✭✭
    I wonder if anyone will give the SA an eBay account to sell all of the coins they get. The donor could do it in exchange for the right to search through all of the coins from the kettles.image I'd guess that it would be wiser to give the plain cash equivalent of those special coins as the donor is probably in the best position to maximize their value.
    theknowitalltroll;
  • PerryHallPerryHall Posts: 46,339 ✭✭✭✭✭


    << <i>I'd guess that it would be wiser to give the plain cash equivalent of those special coins as the donor is probably in the best position to maximize their value. >>

    image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • RYKRYK Posts: 35,797 ✭✭✭✭✭


    << <i>

    << <i>I'd guess that it would be wiser to give the plain cash equivalent of those special coins as the donor is probably in the best position to maximize their value. >>

    image >>



    image

    While I certainly enjoy reading these stories, I also think that some of these generous donations (lincluding silver Roosies suggested above) are not fully appreciated by the Salvation Army because they do not recognize of realize the full value of them. I prefer to donate cash to the kettles and checks to the agencies directly.
  • tander123tander123 Posts: 550 ✭✭✭
    I wonder who it could be? Florida Bill?image
    Excellent BST board members who complete their deals: WONDERCOIN, DABIGKAHUNA, GEMSTATECOINS, FIVECENTS, SILVEREAGLES92, NEWMISMATIST, GTOster, SCHMITZ7,
  • I wonder who appraised the coin at $1300 when platinum is over $1500.

    For those dealers who post here, would you take that big of a fee from a charity? If I was approached by them, I would donate my comission to them (and write it off as a charitable contribution).
    I'd keep playing. I don't think the heavy stuff will be coming down for quite a while!
  • droopyddroopyd Posts: 5,381 ✭✭✭


    << <i>If I was approached by them, I would donate my comission to them (and write it off as a charitable contribution). >>



    I don't believe you can write off the value of "time" donated (even if for a "service"), only the value of tangible goods.
    Me at the Springfield coin show:
    image
    60 years into this hobby and I'm still working on my Lincoln set!
  • 19Lyds19Lyds Posts: 26,491 ✭✭✭✭


    << <i>I wonder who it could be? Florida Bill?image >>



    Thats my guess and I'm fairly certain that it was. Usually folks deposit gold coins but Bill stated in his thread that he was going to drop a platinum.

    Way to go Bill!
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • So if the Salvation Army sells the coin, would PCGS put a special label on it? LOL
  • WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    and initial estimates put its value at about $1,300.

    sounds like they brought it into a B+M shop and the dealer offered 1300.00 for it.


    Steve


    Good for you.

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