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1853 $2.50 Gold Piece Suggestions

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Ancientnoob's Avatar
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 Posted 09/08/2012  10:38 pm Show Profile   Bookmark this topic Add Ancientnoob to your friends list Get a Link to this Message Number of Subscribers
I have this 1853 2.50 Gold piece, it was rescued from jewelry at some point. There seams to be some residual metal remaining on the coins and I am uncertain of the composition of the excess material. I was wondering if someone has some suggestions on conservation. Is it worth it to have it slabbed by NGC or should I handle it or are we past the point where common handling would detract from the value? I considered remounting it in jewelry or is it not worth it to do anything and it would be worth more to melt it?(Not that I would melt it) Would it further detract from value to gently clean it? I would love to hear any ideas anyone might have on the blackish brown material on the reverse, is that cleanable or is that part of the value? I would like to hear how people might "Grade" this coin? All comments, opinions and suggestions are greatly appreciated.

1853-$2.50-Gold-Piece-Suggestions
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BH1964's Avatar
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10982 Posts
 Posted 09/08/2012  11:47 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
I was wondering if someone has some suggestions on conservation.

This coin is not worth conserving. It is a heavily circulated, damaged, ex-jewelry piece that is worth melt value only.

Is it worth it to have it slabbed by NGC or should I handle it or are we past the point where common handling would detract from the value?

It is not worth slabbing and there is no problem handling it if you wish. You won't hurt a thing by handling it.

I considered remounting it in jewelry or is it not worth it to do anything and it would be worth more to melt it?

Putting it back in a piece of jewelry is not a bad idea. Just don't drill a hole in it!

Would it further detract from value to gently clean it?

Not at all. Clean away if you want. Use non-abrasive cleaners though.

I would love to hear any ideas anyone might have on the blackish brown material on the reverse, is that cleanable or is that part of the value?

Not part of the value (that's the gold only at this point) and it's probably just accumulated dirt and grime.

I would like to hear how people might "Grade" this coin?

VF/XF Details - Damaged/Ex-Jewelry. Worth about $210 at current gold prices.
ANA #R3154474
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Ancientnoob's Avatar
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 Posted 09/08/2012  11:58 pm  Show Profile   Bookmark this reply Add Ancientnoob to your friends list Get a Link to this Reply
WOW BH1964 thanks alot I appreciate your response, now its a matter of thinking about how I am going to go about sprucing it up...
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BH1964's Avatar
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 Posted 09/09/2012  12:22 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
You are welcome Ancientnoob. I would not recommend this on a coin with numismatic value, but you could just use soap and water on that piece. I sometimes use Q-Tips soaked in soapy water to remove grime from melt value pieces like this.

There's no harm in leaving it "as is" either. Cleaning it will add no value.
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yankee1227's Avatar
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 Posted 09/09/2012  08:43 am  Show Profile   Bookmark this reply Add yankee1227 to your friends list Get a Link to this Reply
I like the jewelery idea on this one, I think it'd look good with the obverse showing, with the reverse towards you. That's a really good idea!
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SDcoinguy's Avatar
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 Posted 09/09/2012  10:51 am  Show Profile   Bookmark this reply Add SDcoinguy to your friends list Get a Link to this Reply
put it in a nice ring
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IndianGoldEagle's Avatar
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 Posted 09/09/2012  12:00 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
I agree, put it in a ring or bezel and wear it. It has no collector value, just bullion now.
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Ancientnoob's Avatar
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 Posted 09/09/2012  4:07 pm  Show Profile   Bookmark this reply Add Ancientnoob to your friends list Get a Link to this Reply
It would look bling in a pinkie ring! Alass I am surprised that there is no numismatic value maybe it will return in 30 years ? Thanks all for chiming in. Still on the fence about the ring though, it feels invigorating to hold it. I keep seeing a chinky pinkie ring in my future though.
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 Posted 09/09/2012  4:14 pm  Show Profile   Bookmark this reply Add tzarmarko to your friends list Get a Link to this Reply
Always nice when you have a coin you can do almost ANYTHING with. lol
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Ancientnoob's Avatar
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 Posted 09/09/2012  4:22 pm  Show Profile   Bookmark this reply Add Ancientnoob to your friends list Get a Link to this Reply
I am still taking suggestions :-)
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ldhair's Avatar
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115 Posts
 Posted 09/09/2012  4:53 pm  Show Profile   Bookmark this reply Add ldhair to your friends list Get a Link to this Reply
It would make a cool necklace but the blob could make it tough to mount. The black of the reverse might be from being heated to try and remove the glob. I would try acetone on the black areas but not on the obverse.
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