| Author |
 Replies: 12 / Views: 14,633 |
|
|
New Member
United States
29 Posts |
|
|
|
|
Moderator
 United States
56855 Posts |
There isn't much gold to add value. Canada RCM has a nice $20 "bat" coin for 2017 for sale that looks very cool,cost under $100. Go take a look! John1  |
|
Rest in Peace
United States
17900 Posts |
Another fringe item sucking money away from actual numismatic coins and tokens. It's your money to spend as you please, but wouldn't you rather have a nice classic coin in decent condition for the same money?
|
|
Pillar of the Community
United States
7510 Posts |
Novelty strikes do not carry much premium nor will they go up in value and have a very limited buyer's market, I would rather invest the money on the authentic coins.
|
|
Pillar of the Community
Canada
5239 Posts |
These should be better described as "art" rather than coins. These coatings/ platings are very thin. Regardless of how rare the metal is, there cannot be more than a few milligrams in total. So it is safe to say that the precious metal value is less than $1. So most of the price is due to the cost of making the "art". Unless you think that the artistic value is $20 or more, there will be no sales. I doubt that there is a huge demand for such novelities. Coin collectors want coins, and art collectors want art.
|
|
Pillar of the Community
 United States
4589 Posts |
Because it's GARBAGE?
If you take a commode and gold plate it outside the factory, it's still a commode right?
If you take a common date coin and gold plate it after the mint, it's damaged and numismatically worth NOTHING.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
|
Pillar of the Community
United States
4212 Posts |
With free shipping, this offering is actually cheaper than on Merrick's website.
|
|
Pillar of the Community
United States
1261 Posts |
|
|
Pillar of the Community
United States
1307 Posts |
I wouldn't waste my money on one of these coins, JMHO.
|
|
Pillar of the Community
United States
3058 Posts |
Quote:
I wouldn't waste my money on one of these coins, JMHO.  |
|
Bedrock of the Community
United States
17884 Posts |
Because they don't exist. This is just a regular cent that someone has taken after it left the mint and plating it with a few cents worth of Ruthenium and gold. This is an alteration that destroys the numismatic value. So what it now is is a cull Indian Head cent, worth maybe 50 cents with maybe 5 cents worth of Ruthenium and gold on it that would cost more then 5 cents to recover. Total value as a novelty maybe a dollar. And that would be if it looked as nice as the one in the ad. He stresses "full LIBERTY" which means you will get a coin in VG to Fine. He even says VG to Fine. So at $19 for an altered coin, he is making a killing. (if he sells any.) |
|
Pillar of the Community
Norway
1358 Posts |
Samlerhuset did the same in Norway with a few 'older' coins, mostly low-end, high-mintage and thus numismatically non-interesting samples of already cheap coins and plated them with silver and gold, in a way that the actual detail on the coin looks much higher than it actually is. They sold them for about 10 to 20 times their numismatic and metal value combined, I think, and now you just find them in the junk bins at local coin shops.
The same goes for the Shell 5 cent coin from The Netherlands. Shell, the oil company, decided to have a bunch of Dutch 5 cent coins gold plated to give as presents to loyal customers. I think that was in the 1970s. I've picked some of them out of the junk bins here. They go for $5 per pound or $0.25 each.
Let that be a warning.
|
|
Valued Member
United States
493 Posts |
I like the hologram they put on the ASE as I found one recently in a junk bin at a LCS, grabbed it up and put it in a lighted area in my apt. They do ruthenium on all different coinage, it's just faddish. |
| |
Replies: 12 / Views: 14,633 |
|
Posted 08/21/2017 04:21 am
