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Franklin Mint Presidents - Melt Or Sell?

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New Member

United States
4 Posts
 Posted 05/06/2012  3:51 pm Show Profile   Bookmark this topic Add EdPell to your friends list Get a Link to this Message Number of Subscribers
I have a set of Franklin Mint Presidential medals. Each being 500-grains sterling silver, they have a few hundred dollars in melt value, but for some people, they may have a slightly greater collectible value.

The medals are still in the envelopes they were mailed in, each medal encased in clear plastic, three medals to a card (they were shipped in sets of three). Apparently the edge of the plastic on some medals broke open which resulted in some tarnish.

Which comes to my question ...
I plan to sell these to a coin dealer for melt value, but if the tarnish does not detract from their collectible value, I'll try to sell them myself for a little more. Would the tarnish appreciably affect the collectible value?

The attached pic is typical of the tarnish on four of the 36 medals except for a fifth medal which has a pretty bad tarnishing mark

Thanks for any advice you can offer.

EdP

Franklin-Mint-Presidents---Melt-Or-Sell?
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 05/06/2012  6:08 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
, EdPell!
Don't waste time and money cleaning. Best offer gets them, and if they want shiny, it's their problem.

You need 250 posts to sell here.
New Member
United States
4 Posts
 Posted 05/11/2012  11:45 am  Show Profile   Bookmark this reply Add EdPell to your friends list Get a Link to this Reply
Thanks for the response. I may try to sell them on ebay as soon as I learn a little more. I never bought or sold on ebay.

EdP
Pillar of the Community
oih82w8's Avatar
United States
7840 Posts
 Posted 05/11/2012  11:59 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
That looks like an electrical contact burn (arcing) on the bottom of that presidental round.
New Member
United States
4 Posts
 Posted 05/11/2012  12:12 pm  Show Profile   Bookmark this reply Add EdPell to your friends list Get a Link to this Reply
>That looks like an electrical contact burn<
Can't imagine how that could happen.

Four other medals have virtually identical marks, but poor Woodrow got it bad.

Franklin-Mint-Presidents---Melt-Or-Sell?
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The Silver Searcher's Avatar
United States
1388 Posts
 Posted 05/11/2012  12:31 pm  Show Profile   Bookmark this reply Add The Silver Searcher to your friends list Get a Link to this Reply
Were they like that when you bought them?
New Member
United States
4 Posts
 Posted 05/11/2012  1:41 pm  Show Profile   Bookmark this reply Add EdPell to your friends list Get a Link to this Reply
I don't know.
A member of my family subscribed to the mailings when they were released in 1970. I didn't even know he and his wife had them.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 05/17/2012  12:13 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
, EdPell!

That looks like a mark left by contact from a rubber band. It will go right through some plastics.
Valued Member
tmaring's Avatar
United States
88 Posts
 Posted 05/31/2012  09:59 am  Show Profile   Bookmark this reply Add tmaring to your friends list Get a Link to this Reply
So what's the deal with Franklin Mint stuff? Their die work really is quite well done, but their choice of themes is smarmy and the way they do their marketing is creepy. They actually approached me at one point to design something for them... flew me to headquarters, picked me up in a limo. But when it came down to the nitty gritty they would pay me for the master prototype, but no royalties whatsoever. Why would I even THINK about doing that? And I don't think they publish mintages.

They design and market 'collectibles' to people who don't know anything about collectibles. It's really unfortunate because some folks who might otherwise have enjoyed our hobby have been so abused by the Franklin Mint sales people that they will never look at a coin again.

AND... it's weird to specify weight in grains! Forcing people to do arithmetic just to figure out what they bought. So at 480 grains/ troy oz. That's 1.042 troy oz of sterling, so multiply by .925 = 0.96 troy oz of silver.
Edited by tmaring
05/31/2012 10:01 am
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