A Real Crying Shame. What Not To Do To A Gold Coin

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Author	Replies: 11 / Views: 1,593
mds308 Pillar of the Community United States 1721 Posts	Posted 11/14/2012 1:56 pm I had to share this one with you guys. I had the opportunity to buy a 14K gold mans ring with a 1914P 2 1/2 dollar Indian in the center. I try not to pay more than 14K scrap value because of the fact that the coin sometimes comes out looking bad or cut in half to make two rings. This one was no exception. A dumb moron decided to grind the edge off of the coin so it would fit inside the ring. I've seen it before and I'll probably see it again. Sometimes you really feel like hitting somebody. Fortunately, the gold is worth more than what I paid but this kind of stuff just hurts. Report this Post to the Staff

oih82w8 Pillar of the Community United States 7840 Posts	Posted 11/14/2012 1:59 pm Sad, reminds me of stories I have heard about "shaving a little" off the the edges before passing it off on to the next person. If I remember correctly there was a reeded edge on this quarter eagle. Edited by oih82w8 11/14/2012 2:00 pm Report this Post to the Staff
BenjaminsBaby Valued Member United States 250 Posts	Posted 11/14/2012 2:00 pm whyyyyyyyyyyyyyyyyyyyyyy Report this Post to the Staff
Dave H Pillar of the Community United States 1436 Posts	Posted 11/14/2012 2:39 pm Yes, it is very unfortunate, but I'm sure the guy was definitelty more concerned about making a nice piece of jewelry, not w/ collecting coins... Probably didn't realize that damaging it ruined the value Report this Post to the Staff
jbuck Moderator United States 188213 Posts	Posted 11/14/2012 2:41 pm At least you did not over pay for it. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
mds308 Pillar of the Community United States 1721 Posts	Posted 11/14/2012 2:49 pm jbuck, Over paying is NOT my middle name. Sometimes it's my nickname (oops). The ring was probably made when gold was around 175 dollars an ounce. I'm sure there was little notice made to the coins numismatic value which was way under the 175 spot price. The coin was probably worth less than 60 dollars at that time. The only thing that mattered was pleasing the customer. Report this Post to the Staff
CGCoins Pillar of the Community United States 797 Posts	Posted 11/14/2012 3:01 pm Ouch, One of my favorite looking coins I've never had the chance to own. Makes some one who loves the design of the coin cringe Report this Post to the Staff
tzarmarko Pillar of the Community 614 Posts	Posted 11/14/2012 3:05 pm Id love to have that coin, even in that condition. Ill shoot you a PM. :) Report this Post to the Staff
argentum Pillar of the Community United States 1195 Posts	Posted 11/14/2012 4:19 pm I would not mind having a similarly problemed coin. Report this Post to the Staff
blackjack Valued Member United States 386 Posts	Posted 11/14/2012 4:46 pm Hope that jeweler never gets near the Pieta. Report this Post to the Staff
DNA Pillar of the Community United States 2734 Posts	Posted 11/14/2012 7:56 pm Still better than a holed Liberty Head Double Eagle, and I've seen a couple of those. Report this Post to the Staff
mkman123 Pillar of the Community United States 3184 Posts	Posted 11/14/2012 8:28 pm sucks but something like this will make mine and others more valuable and scarce in the future! Report this Post to the Staff
	Replies: 11 / Views: 1,593

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