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Posted (edited)

Here is a ring my mom left me:  Rubies and small diamonds:

Any idea on value of something like this? Guessing tree fiddy?(picture quality again sucks)

 

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Edited by zork
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15 hours ago, zork said:

Here is a ring my mom left me:  Rubies and small diamonds:

Any idea on value of something like this? Guessing tree fiddy?(picture quality again sucks)

 

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I wish I could help on this. If you want to sell it I would take it to a lot of places, because I bet the offers would be all over the park from gouge to OK. A lot of places just take things like this apart. Seems like best bet would be to find somebody who appreciates it for itself.

 

 

15 hours ago, zork said:

was at safe deposit box today with my shitty phone. here are some pics of what my grandfather gave me a few years before he died:

Silver Balboa, giant silver coin

$20 gold, keep trying to will a D on that spot below the date

$10 gold

 

There are other things but that is a start. (sorry for the shitty quality, the little rooms where you view your stuff are not well lit)

Any thoughts?

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Granddad did you a solid.

Those Balboas are weapons, throw it like a frisbee you could stun a bull. There are lots of them around. IIRC 3.85 oz silver. We have a few, my wife calls them "Flintstones money." Probably get $75-90 for one now, maybe a smidge more if you found a collector who wanted the box and stuff, but coin shops will just pay for the metal.

You probably already know more about the US gold than I do. I'd hang onto those.

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Question for the preppers.

In a true, shit-hits-the-fan scenario, how would 98% of the country know the difference between a valuable piece of gold/coin and something fake?  I've seen preppers put a lot of resources and effort into collecting gold and silver, but I've always wondered how that would work in reality.

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1 hour ago, Knoxtnhorn said:

Question for the preppers.

In a true, shit-hits-the-fan scenario, how would 98% of the country know the difference between a valuable piece of gold/coin and something fake?  I've seen preppers put a lot of resources and effort into collecting gold and silver, but I've always wondered how that would work in reality.

They wouldn't.

If I were prepping I'd concentrate on making lots of friends, having a reliable water supply, and a ton of food. Throw in a cheap reliable weapon for hunting or crazies coming through the window. Last thing I'd worry about would be gold or silver.

I used to lurk on a forum purely for metal bugs, they'd routinely talk about SHTF and fantasies like bartering with Mercury dimes, various weaponry. I got to wondering, what countries are currently in SHTF status? Maybe Somalia? What would happen to a friendless loner with high-tech weapons and a bag of gold in Somalia? Well OK, maybe not as bad off as Somalia. What about Honduras? Compared to here, that's pretty SHTF.

So I checked to see if they were bartering with the equivalent of Mercury dimes or gold ingots in Honduras. I did it by going on Mercado Libre. No, they were just buying and selling kids' clothes and cell phones for what looked like their normal bumwad money.

From what I know of my own family in the SHTF post-Civil War South, they were pretty busy plowing fields, planting food, growing food, harvesting food. I don't know if they had a dime.

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My bad-- for the Panamanian coins, a Balboa is their silver dollar sized coin which matched up to our $1. The giant hunk of silver is a 20 Balboa coin. I believe they made them in the 70s by melting down old demonetized silver coins, and it's sterling silver. Lots of little countries were selling silver coins to tourists and collectors at that time, and many of them were actually minted in Philadelphia.

Disclaimer: random memories from prowling coin sites, may or may not be accurate.

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Posted (edited)
23 hours ago, RDCanecutter said:

My bad-- for the Panamanian coins, a Balboa is their silver dollar sized coin which matched up to our $1. The giant hunk of silver is a 20 Balboa coin. I believe they made them in the 70s by melting down old demonetized silver coins, and it's sterling silver. Lots of little countries were selling silver coins to tourists and collectors at that time, and many of them were actually minted in Philadelphia.

Disclaimer: random memories from prowling coin sites, may or may not be accurate.

I think it is a 20 Balboa, from 1973.  Wouldn't buy any numismatic type coins today.  Bid/Ask is a nightmare unless you are holding for a long time and a big swing in price in your favor.  If holding constant or goes against you due to bad timing, the bid/ask totally fucks you and then there is the storage costs.(just rented a box for $168 a year but it is for mortgage docs, titles, etc as well as the few valuables and jewelry)

My mom, back in the 80's, an art major from way back,  melted down a Krugerrand and a diamond ring and made this(she wore it with that chain, the backside pic is extra blurry )  Not sure she used a total oz of gold or what.  Haven't had it weighed or anything.  Kind of sentimental value since she made it(not the chain of course, just the simulated nugget design w/diamond).   

 

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Edited by zork
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  • 2 weeks later...
8 minutes ago, Shaggy3.0 said:

I'm eyeing more silver eagles (type2).   Type 1 premiums are insane.  No way I touch them.

I managed to get a hold of a single gold eagle (type 2) since gold was below $1800.

  

You doing online, or a local dealer?

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21 minutes ago, RDCanecutter said:

You doing online, or a local dealer?

Both.  Local Dallas dealer for silver.  Gold online.  I like SD bullion.  I try to find the best deals, but I'll pull the trigger and take the premium hit if the metal itch gets too strong : )

 

 

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On 8/29/2021 at 12:20 AM, Knoxtnhorn said:

Question for the preppers.

In a true, shit-hits-the-fan scenario, how would 98% of the country know the difference between a valuable piece of gold/coin and something fake?

you bite it.  the bite test never fails

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  • 2 weeks later...

This is the kind of crap that people do to scam old people and the uninformed out of money. Slipped into my email, I suspect from an expired AARP membership that I had for a year before I got tired of those geezers.

You've got a 1-ounce hunk of silver that's worth 1/10 what they are asking, encased in plastic and with a Certificate of Authentication that are each worth maybe 5 cents more at the pawn shop. They'll flog these things to anybody who missed out on Beanie Babies or otherwise thinks its value will go up. If anybody ever gets 200+ bucks out of reselling this thing, either they found a bigger mark, or else a gallon of milk costs 50 bucks.

This isn't the worst one. Recently got an ad for a "numismatic" American Silver Eagle for maybe $350, that's like 30 dollars of ASE plus 320 for air.

HarryPotterSilver.jpeg

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12 hours ago, RDCanecutter said:

This is the kind of crap that people do to scam old people and the uninformed out of money. Slipped into my email, I suspect from an expired AARP membership that I had for a year before I got tired of those geezers.

You've got a 1-ounce hunk of silver that's worth 1/10 what they are asking, encased in plastic and with a Certificate of Authentication that are each worth maybe 5 cents more at the pawn shop. They'll flog these things to anybody who missed out on Beanie Babies or otherwise thinks its value will go up. If anybody ever gets 200+ bucks out of reselling this thing, either they found a bigger mark, or else a gallon of milk costs 50 bucks.

This isn't the worst one. Recently got an ad for a "numismatic" American Silver Eagle for maybe $350, that's like 30 dollars of ASE plus 320 for air.

HarryPotterSilver.jpeg

 

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10 hours ago, workswithseed said:

 

Pretty much. Mark up on jewelry that contains actual amounts of gold is often 4 to 1, silver about 10 to 1. And hey, tons of jewelry is grotesque plated junk with zero resale.

Thing is, people aren't buying rings at those prices thinking they're investments. I mean, the ones with any synapses. And hopefully nobody thinks that about the Harry Potter Silver Glob-- I noticed no "investment" talk in the accompanying text, probably thanks to the company's lawyer.

But get into actual coins, and it gets cloudier. Back in the early 90s a bunch of dudes did time for misleading investors about collectible coins-- yes, that silver dollar had some collectible value... just 1/3 as much as they told Granddad it did. Those guys are long out of jail now, and it looks like there are constant replacements for both wolves and sheep.

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Posted (edited)

Ha.  I like that kind of transaction---trading for silver is a good thing.  Are  you trading with/for 1oz Eagles?  The premiums are so high right now, accumulating silver through trade sounds good to me.


My 2021 gold stacking is done.  The final two 1 oz Buffaloes should arrive today. 

Edited by Shaggy3.0
im covid day drinking
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3 hours ago, Shaggy3.0 said:

Ha.  I like that kind of transaction---trading for silver is a good thing.  Are  you trading with/for 1oz Eagles?  The premiums are so high right now, accumulating silver through trade sounds good to me.

Well, it was Wild West at the coin shop when I swung by with the painting-- there were jewelry stores during the Russian Revolution who got pillaged by Cossacks and still had more silver afterwards than my guy did. He had some numismatic stuff, and three 10 oz bars. And somebody called in and bought the bars while I was standing there. We are talking lots of empty shelves.

Dude ended up just offering me 10% more in cash than he would have sold any bullion for, and I took it. Watch silver go to $40/oz about 15 minutes from now.

The masterpiece in question was a cartoon Ape in a fedora, saving a Centenario. A niche product, but it's found a home.

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Awesome!  I might have to trade with you some day.  That art makes for an interesting  zoom meeting background. 
 

The final pieces for my tube herd arrived.   Buffalo is my favorite coin.

 

 

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47 minutes ago, Shaggy3.0 said:

Awesome!  I might have to trade with you some day.  That art makes for an interesting  zoom meeting background. 
 

The final pieces for my tube herd arrived.   Buffalo is my favorite coin.

 

 

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Sweet buffaloes.

Feel free to use the art for Zoom backgrounds. Not sure if it's hi-res enough, but I can get you a better scan if it's not.

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Got my October Silver Fix. Nabbed some 90% because I was standing in the shop while another guy was in there selling it. My coin dude let me have it for 19 to 1. Online the best I see is about 23 to 1 if it's even available. I joked that whatever I didn't buy would be gone in 15 minutes, he said people had been calling to buy all morning.

 

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  • 3 weeks later...

New month, a new installment on the Dollar Cost Averaging. My mystical algorithm is pointing me towards silver again. Frankly, barring a spike in the old argent, or the bottom dropping out of gold, I will probably stick to the white shiny metal for several more months.

The prices online are much higher than what I can find locally, so I'll probably just carry some cash and dawdle around various shops to see what comes in. I don't even haggle anymore-- if I just ask the guys what they want, they usually quote a better price than if I'd tried to beat them down.

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I thought I'd have to scrip and scrap this month, picking up a crumb here and there from bare-shelf coin stores, but the first place I stopped in had lots of inventory for the first time in months.

Got some 90% half dollars at 19.5 x face value, and a couple of 1980s Silver Towne rounds with some toning on one side and mirror finish on the other, they'd been in a tube and probably hadn't seen sunlight since the Reagan administration. $3 over spot.

 

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53 minutes ago, Superhero said:

How much do shops pay for silver maples; philharmonics etc above/below spot?

For Maples and Philharmonics, guy near me with the fancy store is offering spot. For American Eagles, he's offering 2 or 3 dollars over spot. 

You could probably do a little better than that if you ask around.

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  • 2 weeks later...

OK, if you have something that you even suspect might be old or collectible, never

I mean never

ever...

...clean it. Doing so can leave tiny marks that an expert will notice and change your valuable rarity into a hunk of metal, worth whatever hunks of metal are worth. Same thing with making it into jewelry. Do that with something common.

But hey, suppose you've already got non-collectible hunks of metal, they're tarnished, and you just want them to be shiny? Because you feel like it?

Well alright then. You could break out the silver polish, and reenact being an Irish servant on a Gilded Age estate. You could use "Dip," available at some coin shops and probably only mildly corrosive to coins, eyes, and lungs. Or you could just use the Baking Soda method.

You need:

1. Nasty filthy tarnished silver object

2. Glass or ceramic bowl

3. Scrap of clean aluminum foil

4. Baking soda

5. Water, hot is better than cold

You scrunch up the foil and put in the bowl. Gently set your silver on top of it. (Don't grind them together, we are using chemistry, not friction.) Toss a smidge of baking soda on it, you don't need much. Cover the whole coin in hot water, dissolving the baking soda.

Tarnish will leave the coin and transfer to the foil. When the water cools a little I like to flip the coin in case there were air bubbles under it. I let it sit a few minutes.

After 5 minutes or so, if you still have a filthy looking coin, that's probably not tarnish, that's sludge from decades gone by. While the coins are still wet, just put a dot of dish soap on them and rub it around with your thumb. Wash in clean water, pat dry on soft towel.

Shiny.

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  • 2 weeks later...

I did this chemistry experiment with some nice results before. I first bought a silver round, one in the style of bust dollars from 200 years ago or so, with a nice shiny mirror surface, that I got a deal on for basically silver price. I next did my first chemistry experiment, which was to encrust the silver round with sulfur powder. (Do NOT do this to anything valuable!) After this horribly stained the coin, I did the baking soda and aluminum foil experiment, which cleaned off a lot of the tarnish, but still left it weathered looking, but with hints of the original shiny luster, in a nice way, and still a good ounce of 0.999 silver, and fun to hold in hand.

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On 8/29/2021 at 12:20 AM, Knoxtnhorn said:

Question for the preppers.

In a true, shit-hits-the-fan scenario, how would 98% of the country know the difference between a valuable piece of gold/coin and something fake?  I've seen preppers put a lot of resources and effort into collecting gold and silver, but I've always wondered how that would work in reality.

Ive learned the most foolproof way to check a coin is by biting it

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On 11/3/2021 at 3:24 PM, Superhero said:

How much do shops pay for silver maples; philharmonics etc above/below spot?

As mentioned before, my silver stash (averaged at $30) has become unwieldy and I’d like to trade most of it for gold instead. 

Shops buy thing above spot?!??!

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