UPDATE IN FIRST POST MORE PHOTOS: 1980 Krugerrand - How do I tell if this is real or not (Not in han
mrpaseo
Posts: 4,753 ✭✭✭
I received these photos from my nephew, he does constructions and found this in a home that they were tearing down.
There is more in the small box, some coins and pocket watches. He is going to get me some more photos.
I asked him for the weight and measurements of the coin. Not sure what else to do as I am no expert. What would be a fair price on this if it is determined to be real?
UPDATE 03/09/15: So my nephew works for a gentleman that buys homes, fixes them up and resells them (A flipper I believe they are called). He purchased a home that belonged to a hoarder and had my nephew do the dirty work of removing the... stuff. This stuff was found in a little wooden box buried in a crate full of crayola crayons...
More to follow.
There is more in the small box, some coins and pocket watches. He is going to get me some more photos.
I asked him for the weight and measurements of the coin. Not sure what else to do as I am no expert. What would be a fair price on this if it is determined to be real?
UPDATE 03/09/15: So my nephew works for a gentleman that buys homes, fixes them up and resells them (A flipper I believe they are called). He purchased a home that belonged to a hoarder and had my nephew do the dirty work of removing the... stuff. This stuff was found in a little wooden box buried in a crate full of crayola crayons...
More to follow.
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Comments
Too many positive BST transactions with too many members to list.
FYI: The Krugerrand is 32.77 mm in diameter and 2.84 mm thick. The Krugerrand's actual weight is 1.0909 troy ounces (33.93 g)
<< <i>Appears to be "real." In it's condition, I doubt you would get spot for it....It's ready for the melting pot.
FYI: The Krugerrand is 32.77 mm in diameter and 2.84 mm thick. The Krugerrand's actual weight is 1.0909 troy ounces (33.93 g) >>
Agree. Looks real. If the weight, diameter, and thickness meet specs, determining the specific gravity (which isn't easy without the proper equipment) is not necessary. It looks undamaged and a quick dip to clean it up and should make it worth at least melt retail value. A dealer will of course pay a little below melt.
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
Its real, it has the Kruggerand 'Orange' look.
Man, I hope he dug around, when there is smoke there is fire, where there is one there is usually 2-3 or 4?
<< <i>I wouldn't dip it, I like it as it is. >>
That original light toning from the copper alloy does grow on you and certainly does give that coin character. I don't see any physical damage so there's no reason it can't be held as regular bullion in response to OPA who said "it's ready for the melting pot."
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
<< <i>Crazy stuff there. How much gold did he find? >>
Not fully sure, he mentioned a Morgan dollar and some Wheaties. He also mentioned six pocket watches (I'm more interested in these, I asked for photos). I'll ask him for the full story as well.
More to follow.
Ray
--Severian the Lame
<< <i>That morgan looks fake. Everything else looks ok, but having one suspect piece should raise flags about everything. >>
Agreed. One of my issues with this whole thing is they are in Massachusetts, I am not. We'll see.