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Fair prive for a $5 lib set in a ring?

AnkurJAnkurJ Posts: 11,370 ✭✭✭✭
A customer wants to sell it. I havent seen it yet though.
So what is fair?
AJ
All coins kept in bank vaults.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!

Comments

  • PerryHallPerryHall Posts: 46,911 ✭✭✭✭✭


    << <i>A customer wants to sell it. I havent seen it yet though.
    So what is fair?
    AJ >>



    Ex-jewelry. Worth a little more than melt which would be about $290 now.

    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

  • ShamikaShamika Posts: 18,785 ✭✭✭✭
    Depends on the date and how bad the damage is.


    Buyer and seller of vintage coin boards!
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,634 ✭✭✭✭✭
    What's fair to the seller ?

    Don't forget the difference between the purity of gold in the ring vs. the coin. Subtract the weight of the coin and then give the rest of the story. How many grams/pennyweight ?
  • PerryHallPerryHall Posts: 46,911 ✭✭✭✭✭


    << <i>Depends on the date and how bad the damage is. >>



    My response was based on the coin being a common date that's been polished and with numerous contact marks from use as jewelry. It's unlikely that a rare date coin would be used. Also, the coin may not be authentic. Many fake gold coins are recycled into use in jewelry.

    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

  • AnkurJAnkurJ Posts: 11,370 ✭✭✭✭
    How do I tell if its real?
    All coins kept in bank vaults.
    PCGS Registries
    Box of 20
    SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
  • PerryHallPerryHall Posts: 46,911 ✭✭✭✭✭


    << <i>How do I tell if its real? >>



    It would take an entire book to answer your question. Post a high resolution pic and we can let you know if it's an obvious fake. If it's been heavily polished, it may be impossible to authenticate. At least most counterfeit gold coins are made with the full specified weight and fineness of gold.

    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

  • AUandAGAUandAG Posts: 24,947 ✭✭✭✭✭


    << <i>

    << <i>Depends on the date and how bad the damage is. >>



    My response was based on the coin being a common date that's been polished and with numerous contact marks from use as jewelry. It's unlikely that a rare date coin would be used. Also, the coin may not be authentic. Many fake gold coins are recycled into use in jewelry. >>



    image
    bob
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • ShamikaShamika Posts: 18,785 ✭✭✭✭


    << <i>

    << <i>Depends on the date and how bad the damage is. >>



    My response was based on the coin being a common date that's been polished and with numerous contact marks from use as jewelry. It's unlikely that a rare date coin would be used. Also, the coin may not be authentic. Many fake gold coins are recycled into use in jewelry. >>



    I remember about 10 years ago a gold coin design from a previously unknown date was discovered in a piece of jewelry. It was on the front page for COINS magazine. I'm probably butchering the story, but I do remember it was authenticated as genuine.

    Buyer and seller of vintage coin boards!
  • PerryHallPerryHall Posts: 46,911 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Depends on the date and how bad the damage is. >>



    My response was based on the coin being a common date that's been polished and with numerous contact marks from use as jewelry. It's unlikely that a rare date coin would be used. Also, the coin may not be authentic. Many fake gold coins are recycled into use in jewelry. >>



    I remember about 10 years ago a gold coin design from a previously unknown date was discovered in a piece of jewelry. It was on the front page for COINS magazine. I'm probably butchering the story, but I do remember it was authenticated as genuine. >>



    I remember that. I think it was a California privately minted gold coin in the one dollar denomination where it was thought that this company only made higher denomination coins.

    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

  • ShamikaShamika Posts: 18,785 ✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>Depends on the date and how bad the damage is. >>



    My response was based on the coin being a common date that's been polished and with numerous contact marks from use as jewelry. It's unlikely that a rare date coin would be used. Also, the coin may not be authentic. Many fake gold coins are recycled into use in jewelry. >>



    I remember about 10 years ago a gold coin design from a previously unknown date was discovered in a piece of jewelry. It was on the front page for COINS magazine. I'm probably butchering the story, but I do remember it was authenticated as genuine. >>



    I remember that. I think it was a California privately minted gold coin in the one dollar denomination where it was thought that this company only made higher denomination coins. >>



    It was certainly a $1 denomination and it wasn't a regular issue. But as I recall, it was a pattern coin. The design was known, but the date was unique.



    Buyer and seller of vintage coin boards!
  • 291fifth291fifth Posts: 24,717 ✭✭✭✭✭
    Less than melt. How much are scrap dealers paying?
    All glory is fleeting.

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