Yes, there is a dealer who is pushing this stuff at the shows. It's not my cup of tea.
The host coin was probably a piece of junk problem coin anyway. It's a shame that counterfeit coins could not be put to this use.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
Are the matte looking parts (fields, stars, denticles, etc...) sand blasted or otherwise abraded? Possible environmental damaged? Not digging this one, or any of the other "zombie" damaged coins.
oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's
I like it. If I remember correctly, the coin in question did have problems. That's why it was chosen. Don is an avid collector of carved/hobo coins and also makes elongated coins to give to kids at shows. He spends a lot of effort to try and get kids and others to enjoy the hobby. I don't think it's a waste.
There must be millions of damaged, cleaned, polished, and ex-Jewelry US classic gold coins out there. Common date $5 Libs in such condition are essentially "melt" value coins. I've seen no one here on the forums offering to pay above melt for such items. I don't think a couple pieces out of millions is going to hurt any. We don't see anyone crying about "collectible" Buffalo nickels or Morgan dollars getting carved up. Every Buffalo nickel carved up is one less than can be placed on some biker's leather jacket.
If it's that big a crime against numismatics, I'd start getting your money together and be prepared to buy up the low end of the gold $5, $10 and $20 Liberty markets.
<< <i>You'd be amazed at how many non damaged US gold coins get bought by jewelers and are taken to the smelters. >>
I'm surprised because they could just ship them to Heritage, Rarcoa, and others and probably get above melt. If they can't, then at least at the smelter they will end up in a newer product with fresher demand. And one less $5 Lib on the market makes all the rest of them a "little" more valuable.
That's the sound of a window of opportunity opening. Get out there, make contacts with local jewelry shops and have the money to buy their coins for more than the smelter pays, and turn them around for a profit!
depends on the value placed on "time and effort"
Would probably have to do a whole lot of volume to make this activity worthwhile. The margins aren't high enough to support a small scale activity. I'd expect a beginner to pound the pavement for a while then give up.
A few years ago I saw an elongated where someone used a gold $5 Liberty.
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
The host coin used here was 100% a junk ex-jewelry piece that was most certainly going to be melted by a local dealer. I believe it was literally purchased out of a dealer's "melt bucket." Compared to what the coin looked like before, Don turned this coin into something that some collector may actually want in their collection... obviously not the OP though!
Don is the president of a local coin club that I am part of (Verdugo Hills Coin Club) and he's been rolling elongated coins and carving coins for many years. He destroys tens of thousands of coins every year, but in doing so he turns unwanted coins into things that folks actually collect! I know he's only carved a couple of gold coins to date, all were problem coins to start. I listed this one for sale as a favor to him and bring it to shows as well. While it now has a significant premium over the melt value and what it cost as a junk ex-jewelry piece, when I have the piece in my case at shows like the Long Beach show, it gets lots of attention (almost 100% positive) from collectors of all types. In particular, on Saturday's at Long Beach when the kids are doing the Treasure Hunt at the show, many of them will notice this coin in the case and get excited about it. I figure anything coin related that can get the attention of some of these kids is great.
For those here that thought they are neat... here are a couple of others that Don made which have I have helped him sell in the past:
He also artificially toned this one and named it "the painter"
Some fancy watch company (Corum) uses a US Liberty $20 gold coin for the watch case on some of their models. I always though that was a waste of a coin that are no longer being made.
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
Comments
It's still nice that the artist, Don Berry, is known.
<< <i>The end result of Hobo nickels.
It's still nice that the artist, Don Berry, is known. >>
I would also guess the coin had issues or was not great to begin with knowing the carver, he is a good guy.
Now if he starts carving DMPL's we will have words. I only say this because I know it will get back to him before I see him at Long Beach this week.
The host coin was probably a piece of junk problem coin anyway. It's a shame that counterfeit coins could not be put to this use.
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If it's that big a crime against numismatics, I'd start getting your money together and be prepared to buy up the low end of the gold $5, $10 and $20 Liberty markets.
I like the piece.
Much more pleasing than another damaged melt value only coin.
<< <i>You'd be amazed at how many non damaged US gold coins get bought by jewelers and are taken to the smelters. >>
I'm surprised because they could just ship them to Heritage, Rarcoa, and others and probably get above melt. If they can't, then at least at the smelter they will end up in a newer product with fresher demand. And one less $5 Lib on the market makes all the rest of them a "little" more valuable.
The coin looks to have been pretty much a waste. Just a common date worth pretty much melt.
Joseph J. Singleton - First Superintendent of the U.S. Branch Mint in Dahlonega Georgia
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It would be a shame if it were a rare coin.
That said, I wish this zombie/skull thing would pass.
Does nothing for me and I'd be embarassed to own that item
Liberty: Parent of Science & Industry
depends on the value placed on "time and effort"
Would probably have to do a whole lot of volume to make this activity worthwhile. The margins aren't high enough to support a small scale activity. I'd expect a beginner to pound the pavement for a while then give up.
Liberty: Parent of Science & Industry
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--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.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
Not crazy about the skull carving craze, although I do have a couple Zombucks I like. Looks like Liberty had some serious maxillofacial issues.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Don is the president of a local coin club that I am part of (Verdugo Hills Coin Club) and he's been rolling elongated coins and carving coins for many years. He destroys tens of thousands of coins every year, but in doing so he turns unwanted coins into things that folks actually collect! I know he's only carved a couple of gold coins to date, all were problem coins to start. I listed this one for sale as a favor to him and bring it to shows as well. While it now has a significant premium over the melt value and what it cost as a junk ex-jewelry piece, when I have the piece in my case at shows like the Long Beach show, it gets lots of attention (almost 100% positive) from collectors of all types. In particular, on Saturday's at Long Beach when the kids are doing the Treasure Hunt at the show, many of them will notice this coin in the case and get excited about it. I figure anything coin related that can get the attention of some of these kids is great.
For those here that thought they are neat... here are a couple of others that Don made which have I have helped him sell in the past:
He also artificially toned this one and named it "the painter"
I think this is the first gold that he carved:
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
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