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METAL PORN FRIDAY : Bitcoin's Revenge

WeissWeiss Posts: 9,941 ✭✭✭✭✭
in Precious Metals

As many of us predicted, digital currencies "corrected" this week, falling precipitously. Will it spell the end of the bubble? Who knows. But gold and silver are always gold and silver, and will always be gold and silver.

But in honor of the concept of something maybe not being what you thought...

Two pieces I bought late last year and early this year. Both came in groups of otherwise very nice pre-1933 gold. I love pretty early 20th century gold that makes your blood pump and heart skip a beat!

Both sent across the street for certification.

Both rejected.

These pieces should both be made of 90% gold, 10% copper. But they aren't.

But the ...silver...lining to these pieces, likely made between 1950 and 1975 in Lebanon or Cairo by skilled goldsmiths not trying to deceive collectors, rather trying to provide Americans with gold that wouldn't be confiscated by their government, is that they often used higher karat gold than the originals were made from. In this case "crown gold", or 22k, the same as British sovereigns:

And the purchase and subsequent rejection of these pieces prompted me to really focus on the gold (and silver) passing through my hands. To purchase a digital caliper, to use my digital scale with every transaction. To refresh my brain to look for the tells and the "too good to be trues". And to buy my own Sigma tester, so I could be sure that everything I buy and sell is the very best.

Got any new purchases this week? Let's see some real GOLD and real SILVER, not that crazy digital stuff that may or may not be here in 10 years, or even 10 months.

We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame

Comments

  • jmski52jmski52 Posts: 22,814 ✭✭✭✭✭

    Good thread!

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Yep... love that gold.... be it legit coin or even better gold, non-legit... :D Just like gold... tried to hold a bitcoin in my hand..kept slip sliding away.... :D:D Cheers, RickO

  • ashelandasheland Posts: 23,183 ✭✭✭✭✭

    Weiss, under a loupe, do they look mushy? (the strike)

    My YouTube Channel

  • mkman123mkman123 Posts: 6,849 ✭✭✭✭

    I need to get a sigma like weiss.........have used one, it comes in handy and its easy to use!

    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭

    @asheland said:
    Weiss, under a loupe, do they look mushy? (the strike)

    Nice and crisp, @asheland. I've got and I've seen Sovereigns that are fake. Some of those are really deceptive--until you notice one or two spots that just aren't as solidly struck as they should be. Once you know what to look for, those pieces stick out like a sore thumb.

    Really relevant post, though, because I'll be listing a counterfeit $2.5 indian later today that is really very cool.

    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • ashelandasheland Posts: 23,183 ✭✭✭✭✭

    I find studying the counterfeits fascinating.

    My YouTube Channel

  • renman95renman95 Posts: 7,037 ✭✭✭✭✭

    My 'haul' this week...

    One Gram silver gift from APMEX,

    A few ounces of 100% copper from my Secret Santa.

    ...and smoe gold from YT.

  • WildIdeaWildIdea Posts: 1,877 ✭✭✭✭✭

    I had this out for posting on another thread. Something you can hold.

  • cmanbbcmanbb Posts: 1,059 ✭✭✭✭✭
    edited December 22, 2017 7:24PM

    3-20oz engelhard 4th series bars added to my stack.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @WildIdea .... What is that?? Some kind of gold ore?? Cheers, RickO

  • WildIdeaWildIdea Posts: 1,877 ✭✭✭✭✭
    edited December 23, 2017 9:41AM

    @ricko said:
    @WildIdea .... What is that?? Some kind of gold ore?? Cheers, RickO

    Yes, high grade ore. Any visible gold I would technically call high grade, when it's packed it's just a nice specimen and displayable. Most of this stuff gets crushed and refined. A subset of ore in my collection



    In the natural gold dept, I break it down to nuggets, nuggets with matrix, and ore. Ore is the hardest to find nice.

    Others raw ores of copper, silver etc are nice too, this is where I crossover from gold bug to rock hound.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @WildIdea .... Thank you.... some very nice ore there.... Cheers, RickO

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