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justdidit
New Member
Canada
16 Posts |
 Posted 01/01/2006 10:04 pm
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1- What is the process for colorization? Is it an overlay?
2- Is there any value in colorized coins or does any potential value diminish because of it?
3- Can a colorized coin be graded?
Thanks!
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ndgoflo
Valued Member
USA
496 Posts |
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justdidit
New Member
Canada
16 Posts |
Posted 01/01/2006 10:49 pm
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Thanks for the welcome!
I hope it's ok to post a photo here. Are the dots in the color due to silkscreening?
During my searches, I realized that the colorization may be a problem and would probably detract from the coin itself. The person who I purchased this coin from declared it's value at upwards of $200. I just want to confirm that I paid a ridiculous sum of money for it! sob! Why oh why did I ever buy it!
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crystalk64
Pillar Of The Community
USA
3147 Posts |
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lim118
Pillar Of The Community
Australia
1529 Posts |
Posted 01/02/2006 12:33 am
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Fully agreed with the comments made by crystalk64....coloured by the Mints at the time of minting is a Mint issue and coloured afterwards by another party are colourised junk.
Some Mints produce really beautiful issues and it is very hard to get them now.Here is one of them from the Australian Kookaburra series.
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lim118
Pillar Of The Community
Australia
1529 Posts |
Posted 01/02/2006 12:42 am
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Here is another one minted in 2005 by the Perth Mint. Mintage of 40,000 of which 2,000 only went on sale in Australia. The rest was sold overseas. Today, this coin has more than doubled in price if you can get one.I have not seen one listed on eBay for more than 6 months and dealers here do not have them.
Have a Look. Warning, it is a high resolution photo
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Metalman
Moderator
USA
6533 Posts |
Posted 01/02/2006 12:44 am
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Just cant seem to get myself into the colorised coins ,
Dont let it bother you justdidit ! If 200.00 bucks was all I spent before I got the book ! I would be more than happy !
Just keep in mind you will probly hear this more than once, buy the book, study the coin, then buy the coin.
This takes the hucksters power away from them, education is the key ,, and even then a coin collector will buy something off the wall, I think its just our nature.
Rick
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justdidit
New Member
Canada
16 Posts |
Posted 01/02/2006 07:53 am
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Thanks for confirming my foolish mistake...I will definately be staying away from colorized coins in the future! Luckily I only lost $60.00 in this deal, that's what I paid for it.
Those Aussie coins are stunning btw! Thanks for posting them!
So, my lessons learned today:
1- Do your research.
2- Don't buy "too much" on whim
3- Stay away from colorized coins unless they're too pretty to pass up :)
4- Keep an eye out for the year of the rooster coin!
Rick...you mentioned a book...what book should I invest in?
Thanks!
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national dealer
Pillar Of The Community
USA
2724 Posts |
Posted 01/02/2006 08:15 am
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quote:
Originally posted by justdidit
The person who I purchased this coin from declared it's value at upwards of $200.
Ask this person what "they" pay to buy them back.
If you were to offer this coin to us, the purchase price would be $3.96 and I would happily sell it for $7.00 Maybe $10 if I saw someone really "wanted" the thing.
I will add this:
Any US coin that has been colorized has lost its numismatic value. Same goes for the plated coins. (racketeer nickel exception)
We have bought a few over the years for customers who wished to waste their money, but I will not pay anything over 60% bullion for the piece.
I get calls every week from someone who paid 20 dollars or more for a colorized Silver Eagle, and it breaks my heart.
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wrk4lvg
Pillar Of The Community
USA
734 Posts |
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rggoodie
Moderator
2997 Posts |
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wrk4lvg
Pillar Of The Community
USA
734 Posts |
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crystalk64
Pillar Of The Community
USA
3147 Posts |
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justdidit
New Member
Canada
16 Posts |
Posted 01/02/2006 09:46 am
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Hi Terry,
I just read that the US mint does not produce or sell colorized coins, not even commemorative sets etc.
I guess if I'm going to buy any in the future, it should come from a mint that produces them directly.
The Lunar series is wonderful and while I now have developed somewhat of an aversion to colorized coins lol, I may just indulge!
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bromac
Valued Member
Canada
195 Posts |
Posted 01/02/2006 1:54 pm
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The Royal Canadian Mint has done many coloured coins, My avatar is just one example. For me, I like them all and I have lots of them.
Bill
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Metalman
Moderator
USA
6533 Posts |
Posted 01/02/2006 2:12 pm
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quote:
Originally posted by wrk4lvg
[quote]Originally posted by justdidit
Rick...you mentioned a book...what book should I invest in?
Thanks!
Ditto
The term book refers to books particular to any series that you may decide to collect, For me those are reference books for Mercury dimes, and Lincoln cents,
related material for die varieties, I use Breens Encyclopedia of US and colonial coins, Morgan Dollars would be the VAM book, Krause also produces a great reference ,, Redbook although not a true price guide is very useful for pictures, weights ,compositions of coins, ANA grading standards is another book that should be bought,Photograde
and other similar publications.
The whole Idea of buy the book, Is that a person educate themselves about any particular series of coins before buying, The resources of this forum are a great asset also, with folks who collect just about anything and everything here, it really can save a person alot of money on reference material..
combined knowledge here, with ND, catman, Nohope, Crystalk, Susanlynn, well you get the Idea, Is without a doubt second to none on the net.
If you need or want to purchase books that are of a particular coin ask which are used by the folks here, for any given series, Then Buy the book.
Rick
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Edited by Metalman - 01/02/2006 2:31 pm |
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