5 Coin Gold Bracelet Help With Value.....

dantheman984 · October 3, 2020 8:55AM

Hi Everyone,
Just wondering if you guys could help me out on the value of this bracelet that contains 5 gold coins. Picture sucks but all the coins are in decent shape except the smallest. It has a ding and a mark on the bottom of obverse. Each one is held inside a reeded holder. They can spin. I also think the chain and holders are gold too. (not positive) One last thing, should I take each coin out and sell separately or try to sell the whole bracelet. I am trying to get the value for a friend who`s mother past away. Thank you for any help. I really appreciate it, Dan. Here are the coins:
1) 1906-S $20 Double Eagle
2) 1897 $10 Gold Eagle
3) 1882-S $5 Liberty Half Eagle
4) 1911 Indian Head $2.50 Quarter Eagle
5) 1853-O Gold $1.00

silverpop · October 3, 2020 9:05AM

a photo would help a lot to see these coins

tommy44 · October 3, 2020 9:06AM

Melt on the coins alone is about $3600. I'd guess if someone put those coins in a bracelet the bracelet is probably gold (14K) also as are the bezels. I don't see a picture, did you post one?

jabba · October 3, 2020 9:07AM

It’ sounds unique can you get photos? It depends on how there mounted are they holed, solder together, or in pendant? It’s going to affect the values

dantheman984 · October 3, 2020 9:11AM

Whoops. Here it is. Not so good.

MFeld · October 3, 2020 9:13AM

As jewelry pieces, the $20, $10 and $5 are worth approximately (only) melt value, while the $2 1/2 and $1 pieces are worth premiums over melt value.
I have listed approximate current wholesale values and melt values next to each coin below. It shouldn’t matter whether they are sold individually or as a group, but it would be easier and more efficient if you could do the latter. You’ll probably need to take the bracelet to a jeweler or coin dealer to determine its value.

1) 1906-S $20 Double Eagle $1840 (melt value)
2) 1897 $10 Gold Eagle $920 (melt value)
3) 1882-S $5 Liberty Half Eagle $460 (melt value)
4) 1911 Indian Head $2.50 Quarter Eagle $300 (melt value $230)
5) 1853-O Gold $1.00 $175 (melt value $92)

dantheman984 · October 3, 2020 9:14AM

@jabba said:
It’ sounds unique can you get photos? It depends on how there mounted are they holed, solder together, or in pendant? It’s going to affect the values

No holes or scratches at all. Pretty good shape except the smallest one. Thanks!

dantheman984 · October 3, 2020 9:15AM

@dantheman984 said:

@jabba said:
It’ sounds unique can you get photos? It depends on how there mounted are they holed, solder together, or in pendant? It’s going to affect the values

No holes or scratches at all. Pretty good shape except the smallest one. Thanks!

No solder. Coins can spin in Bezel.

291fifth · October 3, 2020 9:17AM

Expect to be offered somewhat less than melt. There is nothing there that is going to get a dealer excited. Still, there is plenty of gold value.

dantheman984 · October 3, 2020 9:17AM

@MFeld said:
As jewelry pieces, the $20, $10 and $5 are worth approximately (only) melt value, while the $2 1/2 and $1 pieces are worth premiums over melt value.
I have listed approximate current wholesale values and melt values next to each coin below. It shouldn’t matter whether they are sold individually or as a group, but it would be easier and more efficient if you could do the latter. You’ll probably need to take the bracelet to a jeweler or coin dealer to determine its value.

1) 1906-S $20 Double Eagle $1840 (melt value)
2) 1897 $10 Gold Eagle $920 (melt value)
3) 1882-S $5 Liberty Half Eagle $460 (melt value)
4) 1911 Indian Head $2.50 Quarter Eagle $300 (melt value $230)
5) 1853-O Gold $1.00 $175 (melt value $92)

Thank you so much!

derryb · October 3, 2020 9:25AM

authenticity may be an issue if it's simply costume jewelry

dantheman984 · October 3, 2020 9:27AM

@derryb said:
authenticity may be an issue if it's simply costume jewelry

I will definitely check this out. If they are not real, I would be shocked. I am going to go to a place by me that buys gold in a little bit and see what they think. Thanks.

jabba · October 3, 2020 9:35AM

Be careful about the we buy gold guys it’s best to use a reputable coin shop in the area

jabba · October 3, 2020 9:36AM

@dantheman984 said:

@derryb said:
authenticity may be an issue if it's simply costume jewelry

I will definitely check this out. If they are not real, I would be shocked. I am going to go to a place by me that buys gold in a little bit and see what they think. Thanks.

Be careful about the we buy gold guys it’s best to use a reputable coin shop in the area

philographer · October 3, 2020 11:54AM

"Honey, dont forget your wallet"

"I'm not bringing it. I'll wear this."

tommy44 · October 3, 2020 1:05PM

The bezels the coins are in come in "two flavors", gold filled and 14K, I've had both over the years. With gold at these levels even a small amount of 14K has quite a bit of value. Usually there will be a "14K" stamp near where the small screw holds the bezel together. Any reputable dealer should be able to tell you what you have.

As stated above be weary of the "we buy gold" folks, not all are reputable but now that you have some idea of the melt value of the coins you should be able to evaluate the offers you receive. Where do you live? Most bullion dealers at any decent coin show should make you an offer of around 98% of melt, at least that's the going rate here in Atlanta.

SeattleSlammer · October 3, 2020 1:14PM

Awesome bracelet

@MFeld nailed it I’d say

Good luck

ricko · October 3, 2020 1:15PM

Nice looking bracelet. I cannot determine condition or authenticity from the picture though. If real, the quote above by @MFeld will be in the ball park for value....Watch out for the 'we buy gold' guys.... Many are rip off artists. Good luck.... Cheers, RickO

dantheman984 · October 3, 2020 3:18PM

You guys are right about the "We buy Gold" guys. I went to this local place (antique shop) and she told me it was worth $2,700.00 but she needs to make some money so she offered me $2,200.00. I told her thanks but I need to think it over. Thank you for all your help, I really do appreciate it!

davewesen · October 3, 2020 3:30PM

almost 2 ounces of gold if authentic, the antique shop needs to make some money.

amwldcoin · October 3, 2020 6:26PM

I can't imagine wearing that as a bracelet!

WillieBoyd2 · October 3, 2020 7:59PM

Show me the money.

coinpalice · October 3, 2020 10:25PM

@dantheman984 said:
You guys are right about the "We buy Gold" guys. I went to this local place (antique shop) and she told me it was worth $2,700.00 but she needs to make some money so she offered me $2,200.00. I told her thanks but I need to think it over. Thank you for all your help, I really do appreciate it!

@dantheman984 said:
You guys are right about the "We buy Gold" guys. I went to this local place (antique shop) and she told me it was worth $2,700.00 but she needs to make some money so she offered me $2,200.00. I told her thanks but I need to think it over. Thank you for all your help, I really do appreciate it!

i would never step in that place again, the declared value is about 1,400 short, they flat out lied to you

lkeigwin · October 3, 2020 10:27PM

Dang...for a moment I thought @mozin was back.
Lance.

SilverProofQuarter1883 · October 4, 2020 2:54PM

Well you know someone a coin guy if there wearing that chain of coins

Namvet69 · October 5, 2020 4:37AM

A reputable jeweler would scan each coin with an xrf and show you the metallic composition. Good luck. Peace Roy

dantheman984 · October 5, 2020 4:46AM

@Namvet69 said:
A reputable jeweler would scan each coin with an xrf and show you the metallic composition. Good luck. Peace Roy

I took it to another place (reputable) and he offered me $3,200.00 My nephew is going to hold on to it and hope it keeps going up in value! Thank you for all the responses. I appreciate it!

PerryHall · October 5, 2020 4:49AM

@Namvet69 said:
A reputable jeweler would scan each coin with an xrf and show you the metallic composition. Good luck. Peace Roy

Do "reputable jewelers" typically have an xrf machine? I seriously doubt it. Also, I don't think it's necessary for vast majority of US gold coins.

291fifth · October 5, 2020 6:10AM

@dantheman984 said:

@Namvet69 said:
A reputable jeweler would scan each coin with an xrf and show you the metallic composition. Good luck. Peace Roy

I took it to another place (reputable) and he offered me $3,200.00 My nephew is going to hold on to it and hope it keeps going up in value! Thank you for all the responses. I appreciate it!

It shows you why the "We Buy Gold" places should be avoided. Personally, I think he should have taken the $3200 and bought some more easily liquid gold bullion pieces if he wants to speculate in gold pricing.

MFeld · October 5, 2020 6:30AM

@291fifth said:

@dantheman984 said:

@Namvet69 said:
A reputable jeweler would scan each coin with an xrf and show you the metallic composition. Good luck. Peace Roy

I took it to another place (reputable) and he offered me $3,200.00 My nephew is going to hold on to it and hope it keeps going up in value! Thank you for all the responses. I appreciate it!

It shows you why the "We Buy Gold" places should be avoided. Personally, I think he should have taken the $3200 and bought some more easily liquid gold bullion pieces if he wants to speculate in gold pricing.

As long as the coins are genuine, he should be able to get a minimum of $300 more than that, even on a wholesale basis.

davewesen · October 5, 2020 6:35AM

it looks like screw in bezels, coins may not be damaged. check the dates and mintmarks for rarities.

291fifth · October 5, 2020 7:15AM

@MFeld said:

@291fifth said:

@dantheman984 said:

@Namvet69 said:
A reputable jeweler would scan each coin with an xrf and show you the metallic composition. Good luck. Peace Roy

I took it to another place (reputable) and he offered me $3,200.00 My nephew is going to hold on to it and hope it keeps going up in value! Thank you for all the responses. I appreciate it!

It shows you why the "We Buy Gold" places should be avoided. Personally, I think he should have taken the $3200 and bought some more easily liquid gold bullion pieces if he wants to speculate in gold pricing.

As long as the coins are genuine, he should be able to get a minimum of $300 more than that, even on a wholesale basis.

This may well be true but only if local buyers are available who will pay such prices. Once he has to start shipping or driving long distances his costs of selling increase rapidly. There is also the "time is money" factor which so many collectors seem to ignore. In many areas it may be difficult to find competetive buyers, especially for the jewelry piece. He may actually do better if the coins are removed from the jewelry piece and sold individually. Much depends on how the coins actually look. Coins used in jewelry pieces often don't look good when viewed close-up in person.

tommy44 · October 5, 2020 9:33AM

I would think if the bezels and bracelet ae 14K you are talking at least another $400.00 melt so around $4000.00 total.

marcmoish · October 5, 2020 10:47AM

I see you are being advised on your OP needs by others in the know.

I'm just here to say I smiled when I saw Archie Bunker, of yesteryear, a solid source of many hilarious evenings decades ago.

metalmeister · October 5, 2020 10:54AM

That was worn back in the day when Gold was pegged at $35 / ounce

MFeld · October 5, 2020 1:01PM

@291fifth said:

@MFeld said:

@291fifth said:

@dantheman984 said:

@Namvet69 said:
A reputable jeweler would scan each coin with an xrf and show you the metallic composition. Good luck. Peace Roy

I took it to another place (reputable) and he offered me $3,200.00 My nephew is going to hold on to it and hope it keeps going up in value! Thank you for all the responses. I appreciate it!

It shows you why the "We Buy Gold" places should be avoided. Personally, I think he should have taken the $3200 and bought some more easily liquid gold bullion pieces if he wants to speculate in gold pricing.

As long as the coins are genuine, he should be able to get a minimum of $300 more than that, even on a wholesale basis.

This may well be true but only if local buyers are available who will pay such prices. Once he has to start shipping or driving long distances his costs of selling increase rapidly. There is also the "time is money" factor which so many collectors seem to ignore. In many areas it may be difficult to find competetive buyers, especially for the jewelry piece. He may actually do better if the coins are removed from the jewelry piece and sold individually. Much depends on how the coins actually look. Coins used in jewelry pieces often don't look good when viewed close-up in person.

Any shipping and "time is money" adjustments wouldn't approach the $300+ left on the table if the item were sold for $3200. Additionally, my estimated value didn't even include the value of the bracelet and already took into consideration the fact that the coins are just jewelry pieces. But to each, his own.

291fifth · October 5, 2020 3:03PM

If the coins are not damaged by their use as jewelry then they would be perfectly good items to keep as bullion holds. The jewelry item I would sell. I have sold estate jewelry in the fairly recent past and am well aware that most of it ends up in a plastic bag destined for the smelter. (That literally is how my buyer keeps it ... in a plastic bag until they get enough for a decent size shipment.) That chain would almost certainly be going to the smelter. It looks fairly heavy so it will probably bring good money even if discounted assuming that it is good gold.

Most collectors (and other hobbyists as well) undervalue their time and fail to consider all selling costs.

kiyote · October 6, 2020 12:06AM

Wearing that as a bracelet would drive me crazy, it would be super distracting

jonruns · October 6, 2020 2:14AM

I would pack up it up and ship it off to Midwest Refineries...

dantheman984 · October 6, 2020 4:33AM

@291fifth said:
If the coins are not damaged by their use as jewelry then they would be perfectly good items to keep as bullion holds. The jewelry item I would sell. I have sold estate jewelry in the fairly recent past and am well aware that most of it ends up in a plastic bag destined for the smelter. (That literally is how my buyer keeps it ... in a plastic bag until they get enough for a decent size shipment.) That chain would almost certainly be going to the smelter. It looks fairly heavy so it will probably bring good money even if discounted assuming that it is good gold.

Most collectors (and other hobbyists as well) undervalue their time and fail to consider all selling costs.

My nephew decided to sell the bracelet to me. In my opinion the coins are in great shape. Is it easy to remove the bezels from the coins?

291fifth · October 6, 2020 5:06AM

@dantheman984 said:

@291fifth said:
If the coins are not damaged by their use as jewelry then they would be perfectly good items to keep as bullion holds. The jewelry item I would sell. I have sold estate jewelry in the fairly recent past and am well aware that most of it ends up in a plastic bag destined for the smelter. (That literally is how my buyer keeps it ... in a plastic bag until they get enough for a decent size shipment.) That chain would almost certainly be going to the smelter. It looks fairly heavy so it will probably bring good money even if discounted assuming that it is good gold.

Most collectors (and other hobbyists as well) undervalue their time and fail to consider all selling costs.

My nephew decided to sell the bracelet to me. In my opinion the coins are in great shape. Is it easy to remove the bezels from the coins?

It looks like the bezels are held together by small screws. All you should need is a set of miniature screwdrivers such as those used for eyeglass screws.

Kliao · October 6, 2020 5:17AM

Typically they will come apart like this with the screw head at the small part of the bezel.

dantheman984 · October 6, 2020 5:40AM

Thanks again, I will be taking them apart later today!

cccoins · October 6, 2020 3:17PM

Ok. I have to ask. After all of the conversation on value, what did you pay your nephew for it?

5 Coin Gold Bracelet Help With Value.....

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