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 Replies: 13 / Views: 1,843 |
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New Member
Australia
2 Posts |
Hi Everyone,
I have recently had the oppertunity to buy the American Quarter Dollars that are finished in gold. Just wondering if it would be a wise investment? There are 50 coins in all. I cant find anything on these on the internet. If you can find a link can you please put it on this post.
Thanks in advance.
Brendanj
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Valued Member
United States
55 Posts |
They are probably just gold plated, which many collectors would consider damaged because they were done outside of the mint. I personally wouldn't buy them.
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Pillar of the Community
United States
1796 Posts |
First of all, welcome to the forum! Indeed, what dsmith23 said. All sorts of companies will do all sorts of things to otherwise unremarkable coins in order to sell them as "special" where most collectors aren't even remotely interested. I've seen gold plated coins, anodized coins (from green to pink to blue), otherwise colorized coins, coins with holograms, coins with images superimposed on them, coins with stamps, extruded coins... coins in slabs ( yes I went there for those of you who know what I'm talking about; and no I admit that not all slabs are bad). :-) Gold plated State Quarters are just as remarkable or unremarkable as the non-gold plated kind and should not be seen as an "investment."However, if you like them and the price is right (read: nothing above face value less, perhaps, reasonable shipping charges) then have fun. I'd buy something like that for my daughters as play pirate treasure. Edited by SteveCaruso
01/25/2012 8:51 pm
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Rest in Peace
United States
7075 Posts |
  My husband brought one of those home in change and I took it to my coin club where I was informed that those were for sale on the Home Shopping Network. They were claiming that they were investment pieces but as you found out -- nobody is selling them because nobody is buying them. The amount of gold on the coin is so small that it is not even worth recovering it off of the quarter. I'm glad you came here to ask first -- now you can decide if the price is right for you. |
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Pillar of the Community
United States
809 Posts |
Worthless...damaged coins...  |
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Bedrock of the Community
Australia
21786 Posts |
They are not my cup of tea, but I would consider buying them at the value of the gold plating, plus face value of the coin.
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New Member
 Australia
2 Posts |
Thanks guys, good to know they were trying to rip me off.
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Pillar of the Community
United States
2541 Posts |
I made the mistake of buying 2 of them. I am keeping them in my collection as a reminder of what not to buy...
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Pillar of the Community
United States
1817 Posts |
The sad thing is these rip off artists, HSN included, cheat the hobby as a whole, when the buyer eventually finds out what s/he bought is worthless, chances are they will never buy another coin again, doctored or legitimate. There goes one less person to sell your treasures to in the near or far distant future. That said, gathering as much knowledge as you can before spending a penny, is wise, sound advice. It's better said by other folks on this forum, but studying the coins you want to buy and what other people have said about them is the best "investment" you can give yourself.
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Pillar of the Community
Canada
838 Posts |
A bunch of these were in my local store's dollar box. I bought one for fun... I personally didn't mind the 75 cent loss for the novelty.
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Moderator
 United States
56855 Posts |
Quote:
The sad thing is these rip off artists, HSN included, cheat the hobby as a whole, when the buyer eventually finds out what s/he bought is worthless, chances are they will never buy another coin again, doctored or legitimate. There goes one less person to sell your treasures to in the near or far distant future. That said, gathering as much knowledge as you can before spending a penny, is wise, sound advice. It's better said by other folks on this forum, but studying the coins you want to buy and what other people have said about them is the best "investment" you can give yourself. What he said  John1  |
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Pillar of the Community
United States
1409 Posts |
I bought the 1999 Gold and Platinum ones, for a total of $5 in a junk bin at a coin show. That should tell you the value. I paid double face value for them still in the plastic case & box. I probably could have gotten them for $4. lol.
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Pillar of the Community
United States
1510 Posts |
But they come in this "awesome wooden box!" also if your on facebook there is a page called "Coins on Yardseller" check that out--unbelievable prices and blurry pictures!!  Retired USAF 1983-2003
Edited by Coinstar
01/26/2012 09:51 am
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Bedrock of the Community
United States
17884 Posts |
They'd be a good deal if you can pick them up for 20 cents apiece.
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Replies: 13 / Views: 1,843 |
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Posted 01/25/2012 8:51 pm
