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 Replies: 32 / Views: 5,543 |
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Pillar of the Community
United States
1882 Posts |
Only 3 Peru 8 Escudos coins have sold for more than $11K on Heritage (one for $20K!). Many more than that for less than $10K, including some from the same time frame as the coin the guy on Pawn Stars sold.
I say he did just fine by getting $11K cash-on-the-spot for it.
Seeing the expert touch it did bother me, even if it didn't hurt it. On top of that, I think the coin may have been dropped on the counter at about the 4:50 mark.
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Pillar of the Community
Canada
3692 Posts |
If he ever did that to my stuff I'd say: "You break it you bought it."
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Valued Member
South Africa
169 Posts |
LOL, Libertad, what about ' You touch the gold, consider it sold!
Great Thread, also can't watch the movie from my location.
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Pillar of the Community
Philippines
1156 Posts |
Pawn Stars is just a show with a coin and an actor.
But one thing is true, that's a real gold coin in high grade and someone out there is the owner of that coin and just lent it for the show.
Wonder how the owner felt, when he got his coin back with those fingerprints? wow!
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Valued Member
United States
57 Posts |
Quote:Quote:
If they actually knew anything about it, they would not have taken it to a pawn shop. Exactly!
Living here in Las Vegas, I have been to the Pawn Shop in question a number of times. While it is an interesting place, it is not where I would take something to sell. |
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Moderator
 United States
16679 Posts |
I actually went in to the Pawn Stars shop in Vegas. They had the most overpriced coins I have ever seen. They had 64 Kennedy halves for $24. I got out of there and blew $24 at a dollar slot. Probably should have bought that half! swcoin.ecrater.com
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Bedrock of the Community
United States
20753 Posts |
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Do you leave fingerprints if you have just washed your hands?
Depends on many things. 1. Are you touching something? 2. Do you sweat easily? 3. What kind of soap did you use? 4. Have your fingerprints been removed by acid? 5. By JUST exactly what is JUST?  All sort of kidding. As soon as you finish washing your hands mother nature attempts to restore the oils so your fingers don't fall off. |
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Bedrock of the Community
United States
20753 Posts |
As to touching or mishandling of coins. This happens all the time on TV in shows. I've seen so many shows where people handle a valuable coin as if it was a broom. Of course the writters are not coin collectors so to them who cares. The coins on the shows are props anyway.
At coin shows and coin stores though I've seen people handle coins as if they were just something you found on the ground. At one coin store I asked to see a certain coin and, although in a 2x2, it was flipped on the counter to me as if it was supposed to bounce into my hands or something. I walked out of course.
Mishandling of coins is really common. And if you asked the average person about the proper handling of coins they would usually look at you as if your nuts. I've done that and got a "Are you nuts? It's a piece of metal. Who cares how you handle a piece of metal?"
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Valued Member
United States
258 Posts |
What I am pleased about is the fact that my wife has seen me hold coins by the edges so often she now does it with her pocket change as well. She has given me several very nice coins received as change from stores over the last few years. I am so proud of her. She is not a coin collector but she understands the concept. Why a real coin dealer does not grasp this same concept we may never know....  Sincerely, John Leckrone |
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Pillar of the Community
United States
2049 Posts |
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Yet once again an "expert" on Spanish Gold coins puts his finger on the face of the coin pointing out features multiple times on a coin he values at $18,000. What I still can't figure out is why the guy who had the coin heard that it was worth $18k and still sells it for $11k? The $18,000 is an estimate first of all, and not a guarantee what it will sell for. Second, he got cash on the spot without having to go through the troubles of trying to sell it himself. If he sent it to an auction house, he would lose 25-35% of the sale for fees and commissions, plus would have to wait months to get his payment. That's alot of cash for a dealer to tie up in a single coin without having a buyer lined up, so you have to consider that too. |
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Pillar of the Community
United States
2049 Posts |
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Wow, just watched the 8 Escudos video. That guy thinks he's hot stuff cause he got 11k by threatening to walk. The pawnshop could just drop it on heritage and sell it for 16+ with out blinking. lol. Fool and his money I guess. So if he sells it on heritage for $16K, and has to pay 25-35% commissions and fees, he won't make that much on it, and there's even a risk of breaking even or losing money after all the costs are considered. |
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Valued Member
United States
71 Posts |
I still enjoy watching the show, getting out my blue book and "being the expert" ... wouldn't touch a coin with my fingers ... and I'm a rookie !!
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Pillar of the Community
United States
958 Posts |
yes 18,000 was a appraisel if the coin was prof graded and auctioned off in this economey
things are only worth what you can sell it for.
what if another or a dozen of the same exact coin were found in draw somewhere in better condition and showed up on the market place
yours might not be worth as much anymore.
11,000 cash would be a fair price in my opinion and the person buying it could still make a profit ( maybe ) you never no know adays he still takes a gamble that he could sell it for more but could always ( maybe ) get his 11k back out of it if he had to
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Pillar of the Community
 United States
2448 Posts |
I too was amazed how the "expert" grabbed the coin and was surprised that he didn't come back and say that it was badly marked with fingerprints so he could buy it himself. If you've been in coin shops in Vegas and Reno, you'd understand. Quote:
OK, Disclaimer: I have not been in ALL coin shops in Las Vegas and Reno, just some! The PCGS video blew me away too. I guess that I respect my coins and their history more that others. I never could get my wife to understand. She came back from a trip to Spain once and one by one, between her forefinger and thumb, each of her remaining coins were dropped on the kitchen counter. I loved her but sometimes she drove me NUTS! |
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New Member
Switzerland
46 Posts |
Those people in pawn shops have no experience with coins.
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Posted 06/17/2010 8:57 pm
