| Author |
Replies: 20 / Views: 2,431 |
|
Valued Member
United States
379 Posts |
hello all I saw this really big 4 kilo silver coin. it appears to have some light toning at the top right side edge of the coin, especially around the words "life of". I spoke with the seller, he said that it was just a reflection of the case and not toned at all. I am not doubting the seller, he seems very sincere, but I would be interested in your opinions. do any of you have silver coins that look toned but are not, that the toned look is due to the holder only? http://www.ebay.com/itm/22238331461...RK:MEBIDX:ITthanks... mike
|
|
|
|
Moderator
 United States
54280 Posts |
If you are talking about what I have circled in the image below, I agree with the seller. That looks to me like the reflection of "Elizabeth" and the coat of arms in the inside lid of the holder. 
Edited by nss-52 01/22/2017 1:19 pm
|
|
Valued Member
Slovenia
459 Posts |
 Most obviously on the first photo.
|
|
Valued Member
 United States
379 Posts |
|
|
Valued Member
United States
467 Posts |
While I agree with the previous comments that it is likely not toning and is a reflection...you would think for $5,000 he would be willing to take a moment and snap another photo or two and send them to you to put your mind at ease.
Before you spend that kind of money, you could ask him if he could just take another photo and send it to you.
Cool coin by the way!
|
|
Pillar of the Community
United States
4211 Posts |
 I hate trying to photograph proof coins. The mirror finishes will pick up everything. 
|
|
Valued Member
Canada
343 Posts |
One of the toughest things to photograph - and yes, you are essentially photographing a mirror.
|
|
Valued Member
 United States
379 Posts |
again, thanks guys, yes it would be best to get another picture, we will see what happens, the thing is that I cannot pay that much or even close to it, it started out at $5,900, then $5,500, then $5,000 and now $4,900. I have seen this coin go for $5,900 at auction without the auction house's buyer's "premium" of 15%.
I offered him $3,600 like the slug and cheapee that I am, he would still be making around $1,500 over spot (the premium), so I am hoping for the best. I live in a 28 year old rv, I have very little except for my modest precious metals hoard and spend all my money on coins... no offense, but they are safer and cheaper than many women in the long run.
In any case, thanks again fellows... mike
|
|
Valued Member
 United States
379 Posts |
hello
he will not budge from $4,800 (took of a whole $100 from the offer provision from $4,900)). this would sorely be a hit to my fiances, I did offer him in a message $4,400.
I would hate to lose this coin over a lousy $400, but I do not not know. I have paid high premiums, sometimes over twice a coin is worth, but I am not sure this is the one.
I guess I have to ask you hi-rollers in here... would you pay $4,800 for this coin? it has gone for more, yet at that time the spot price for silver was more than it is now.
deal, or no deal? consider that it would wipe out every cent that you had practically.
thanks... mike
|
|
Pillar of the Community
United States
3644 Posts |
Leaving these kind of coins in an old rv just doesn't sound very safe to me. And I certainly would not condone you spending your very last cent on this just my opinion,good luck.
Edited by Slamnbass 01/23/2017 11:30 pm
|
|
Valued Member
 United States
379 Posts |
I appreciate the comment bass, but all of my collections is in a safe deposit box, hopefully that will suffice as far as protection. I know I could do much more as far as preservation of the coins other than merely sticking them in a s.d. box. thanks for you opinion in any case, I do depend on those who have more experience than I...
again, thanks... mike
|
|
CCF Advertiser
United States
1533 Posts |
If its at $4800 on ebay, he will be paying over $400 in fees. If you can find it outside of ebay you should be able to do better. I have no idea what this is worth, but if you don't value it much above metal value, then I suggest you just buy a more standard gold bullion and be done with it. This would be very hard to sell when it comes time.
|
|
Pillar of the Community
Canada
1747 Posts |
Just remember this interaction and how you are thinking when you try and sell this coin. the NCLT market is going down down down. I would personally rethink the decision to invest over $4K in a coin worth less than half that in spot.
If you really love the coin, wait. I highly doubt the coin will sell (at that price)
|
|
Pillar of the Community
Canada
1747 Posts |
to add, I bought this coin http://www.mint.ca/store/coin/fine-....WIdzZmczWUkit was the most amazing coin I had ever seen. However I could NEVER SHOW ANYONE. I could not freely display the coin, it sat in the locked case for 2 years. I was afraid almost everyday someone would steal it. (These Kilo Coins do not fit into most Safety deposit boxes, they are too large) I ended up selling it through a local auction house, and ended up loosing about $600 on the deal. Just my thoughts.
|
|
Pillar of the Community
Canada
5239 Posts |
I don't collect these huge "coins", fascinating though they are, because of storage and display issues, among other reasons.
|
|
Valued Member
 United States
379 Posts |
wow Ace, that is an amazing huge coin, super design... and price! jeez! I don't know how long ago you bought it and hence the spot silver price at the time, but they had it "out of stock" (for only a 100 made, this is understandable), at a price of $7,536.96!, for a 5 kilo coin. did you buy it when silver was high, or did you just decide to buy it nevertheless, knowing that it was highly unlikely it would come up at any time... at any price. I have to admit I have never seen anything close to it... even the one I WAS looking at. and I understand and agree with those who say that to sell such coins can be very difficult, due to their size and price, and that as insurance and liquidity (did I spell that right?), the 1 oz bullion coins are MUCH easier to sell. see if this makes any sense, or is my head filled with more rocks than I had thought... At the start of my collecting, I did buy a large amount of common 1 oz bullion gold coins...kangeroos, philharmonics, eagles, etc. the problem was this... whenever I got into a financial bind, which was more often than I like to admit, it was so easy to go down to my local coin shop and sell them at basically the spot price was at the time. they even paid $10 over spot for the eagles. that was the problem. my stack soon pretty much disappeared, because it seemed like I was having one financial "disaster" after another. next think I knew, within a few years, my stack was pretty much gone and I was broke again. so I thought (which can and is a dangerous thing for me), why not buy coins that are difficult to sell? because they were either too big, or too expensive, or too exclusive, etc. the deal is that my collection is not for my personal usage... it is for my disabled son as an inheritance after I am gone. what I did not want to happen was the thing that happened to me... they were just too easy to sell. the old saying "a fool and his money are soon separated". I am that fool. the way I figured it, if and when he needed money it would be difficult for him to sell the coins right away one by one (unless he went with HA or great collections (which, btw, is a great site to sell large or small amounts). I would highly discourage him to sell on these sites or ebay unless it was one coin at a time (HA has a $5,000 minimum, no minimum that I know for great collections. (I suggest you check them out if not familiar with them). if this makes any sense to anyone besides me, great. if there is a flaw in my "logic", then I would listen to that too... my skin is pretty thick... in any case, thanks to all for your insights, just about every answer I get usually informs me of something I was not aware of before and I am very grateful to all of you. mike that way, it would be more difficult for him to just "piss away" his inheritance in a relatively short time.
|
| |
Replies: 20 / Views: 2,431 |