What's A Fair Price On A 1912 P 5 Dollar Gold PEIce

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Author	Replies: 9 / Views: 1,252
Brian34Jersey Valued Member United States 234 Posts	Posted 08/16/2015 6:13 pm Found a platinum wedding band at the beach on Friday with the ole metal detector. At 11 grams the coin shop would be willing to give me a $300 credit. The scrap value is close to $340. Looking at a 1912 P 5$ NGC graded at MS 61. Is that an ok price there's not much on the ebay history search ? Report this Post to the Staff

Coinfrog Bedrock of the Community United States 94367 Posts	Posted 08/16/2015 6:26 pm If you don't like the quote on the platinum band, then why not try another LCS? And ask for a cash price. As for the 1912 in that low-MS holder, it's basically a bullion coin. Not worth more than $325 tops, and probably less. Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 08/16/2015 6:31 pm I hope you did your due diligence on your find. Anyway 11 grams of Pt, and the ring should be .995 fine as Pt is rarely alloyed in jewelry, melts at $351 right now. A bit better than your $340 scrap value. The 1912 G$5 Indian in 61 is a $450 piece. Likely $500 retail if it's attractive and no lower than $400 even if it's fugly. If somebody is offering it as a $300 trade they don't know what it's worth. Hope this helps. P.S. Just saw Coinfrog's post and he is mistaken. It is not a bullion piece in NGC MS61. ANA #R3154474 Edited by BH1964 08/16/2015 6:33 pm Report this Post to the Staff
Brian34Jersey Valued Member United States 234 Posts	Posted 08/16/2015 7:17 pm Missed a fact sorry the coin he's selling is $575 with the $300 credit I'd be paying $275 cash plus the ring. Report this Post to the Staff
Ploopy Pillar of the Community United States 1788 Posts	Posted 08/16/2015 7:19 pm If it's a wedding ring wouldn't it have someones's name on it? Report this Post to the Staff
Brian34Jersey Valued Member United States 234 Posts	Posted 08/16/2015 7:53 pm It doesn't have anyone's name on it. There are four stars and PL for platinum Report this Post to the Staff
paralyse Bedrock of the Community United States 12057 Posts	Posted 08/16/2015 9:17 pm Platinum has historically outperformed gold and its current market price is extremely depressed. I think you should wait on the market to recover, and it will, and you will be able to afford a much nicer coin for the same 11 grams of Pt. Just my Two Cents. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 08/16/2015 10:36 pm Quote: Missed a fact sorry the coin he's selling is $575 with the $300 credit I'd be paying $275 cash plus the ring. $575 would be full retail+ on an NGC 61. Consider $225 + the ring as the most you should pay. That ring likely cost the original buyer at least $1,000. ANA #R3154474 Report this Post to the Staff
jdiablo30 Pillar of the Community United States 946 Posts	Posted 08/17/2015 06:15 am Jewelry has such a huge premium! I wouldn't be surprised if that ring cost 1500. If you want a good business with huge profits. Being a jewelry is the way to go.! Report this Post to the Staff
Brian34Jersey Valued Member United States 234 Posts	Posted 08/17/2015 5:29 pm Yeah well the coin dealers are usually desperate around January anyways "Platinum has historically outperformed gold and its current market price is extremely depressed. I think you should wait on the market to recover, and it will, and you will be able to afford a much nicer coin for the same 11 grams of Pt." Report this Post to the Staff
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