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Ottoman Coins

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Richard Grinstein's Avatar
United States
0 Posts
 Posted 01/28/2010  5:48 pm Show Profile   Bookmark this topic Add Richard Grinstein to your friends list Get a Link to this Message Number of Subscribers
I have a number of ottoman gold coins that unfortunately were pierced to be used as jewelry. Does that completely devalue them, or might they still have some value over melt?
Thanks
Rich Grinstein

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BH1964's Avatar
United States
10982 Posts
 Posted 01/29/2010  02:07 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Not sure if your post is in the correct area but....most coins are reduced to melt value when holed. Rarities are an exception and there are a few people who collect holed coins but if it were mine, I'd value it at melt.

P.S. Ottoman coins are not my bag.
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Sap's Avatar
Australia
16865 Posts
 Posted 01/29/2010  03:33 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Becoming jewellery pieces is a common fate for Ottoman gold and silver coins. It does reduce the value, but perhaps not all the way down to "melt" - mainly because for many ottoman coins, the actual bullion content for the coins is quite low.

The value also depends on which province they came from - Turkish and Egyptian coins are relatively common, but other provinces such as Tunisia and Libya are much scarcer.

I should also point out that there are many fake gold and silver "coins" around, which were made specifically for use as jewellery; here's one in this thread. We'd have to see some pictures to tell exactly what you've got.
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molydeii's Avatar
Turkey
870 Posts
 Posted 02/01/2010  08:58 am  Show Profile   Bookmark this reply Add molydeii to your friends list Get a Link to this Reply
hello rich, I am rewritng this message I have written to your other post.
in order to give you an average value, I have to know mintage years, details, sultans, etc. of the coins.
ottoman coins are hard to identify, and also they have got many varieties.
maybe some pictures help me identifying some of your coins
but unfortunately, after getting removed from a piece of jewelery, most post-1550 ottoman coins have minimal premium over their melt value and sometimes, even none.
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