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 Replies: 7 / Views: 5,160 |
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New Member
Sweden
5 Posts |
I know this is a turkish gold coin. weight: 35,9g diameter 34,7 mm What coin is it, how much is it worth and more importantly is it 21.6 carats or 24 carats? I have these pics:    Edited by Capablanca79
10/02/2012 3:58 pm
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Moderator
 Australia
16826 Posts |
Your coin is a 500 kurush; the number "500" in Arabic numerals is at the bottom of the obverse (middle picture). here is the NGC data page for this coin. Unfortunately, there's an error in the catalogues which has been propagated onto this page; the correct weight is 36.08 grams, not the 17.54 grams shown on that page (that's the correct weight for a 250 kurush). The date on yours is accession year 1327 regnal year 4, written as 1327//4 (AD 1912). So your coin is genuine, but you'll notice the little discoloured knob on the rim at the top, visible as the discoloured patch on the edge-shot. That's where a jeweller has attached a loop, to allow the coin to be worn on a chain; the loop has since been broken off. That pretty much destroys the numismatic premium this coin might have had. However, there is still $918 worth of gold in it. To answer the other question, the "book" fineness is .917, which converts to 22 carat. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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New Member
 Sweden
5 Posts |
Tyvm!
But is it only worth $918?
36.08 grams total.
Fineness of 0.917.
Amount of gold in the coin 33.09 grams.
Price of gold per gram is at the moment $57.01.
So shouldnt the coin be worth 57.01 * 33.09 = $1886.5 ?
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Pillar of the Community
Mexico
1304 Posts |
I'm willing to bet he accidentally used the wrong figure, that of the 250 kurush. Double the figure he gave you and you have almost the same numbers as yours.
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New Member
Sweden
5 Posts |
Yes, that was my thought also.
The fact that the seller of the coin lists
a weight of 35.9 g, not 36.08, and that
its the book fineness that is 0.917 should
that maybe prevent me from buying this coin
which is for sail at the price $1844.25?
Edited by Capablanca79
10/02/2012 9:40 pm
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Pillar of the Community
Mexico
1304 Posts |
The weight seems to be within reason, especially given that it was worn, polished etc over the years. The decision on weather its fineness is suitable for you, well, that seems to be a personal choice. Gold below spot, not a bad deal...if you like the coin.
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Moderator
Australia
16826 Posts |
Quote:
So shouldnt the coin be worth 57.01 * 33.09 = $1886.5 ?
I'm willing to bet he accidentally used the wrong figure, that of the 250 kurush. Double the figure he gave you and you have almost the same numbers as yours.Yep, sorry, I was assuming the weight was the only thing Krause/NGC had wrong on that page; but of course they use that exact same weight figure to give their BV estimate.  Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
Mexico
1304 Posts |
...and he never saw it coming.  |
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Replies: 7 / Views: 5,160 |
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Posted 10/02/2012 9:20 pm
