Stuck gold today!

[Mkelly315]

*Struck*

My first gold find while CRH! Inside of the reject tray of the coin counter at my dump bank happened to be a couple chucky cheese tokens and this beauty:

It's a replica of a Turkish coin that women wear around their neck as a necklace. Gold though! $44 worth of scrap gold to be exact. My best find yet!



It's a replica of a Turkish coin that women wear around their neck as a necklace. Gold though! $44 worth of scrap gold to be exact. My best find yet!

 

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[Coppercrazy]

wow...and it's free

 

[CoinFetcher]

Are you sure it's solid gold? How did you determine the karat of this piece? Looks fake to Me man...

 

[Mkelly315]

Are you sure it's solid gold? How did you determine the karat of this piece? Looks fake to Me man...

I brought it to my LCS and he also does scrap gold. He showed me what it was in a book. He tested it with some kit and offered me $44. I sold it and bought $44 worth of 90% silver Quarters.

 

[drcaulfield]

May I ask why you sold it and bought quarters. It would seem to me you took a hit on both sides if that deal since he is buying less than melt and selling for more than melt?

 

[Iamrussell]

May I ask why you sold it and bought quarters. It would seem to me you took a hit on both sides if that deal since he is buying less than melt and selling for more than melt?

I was thinking the same thing

just keep stacking, just keep stacking, stacking stacking stacking

 

[Mr. Silver Stash]

Nice find!

Word of advice - never trust anyone with the weight or value of gold.

 

[BuffaloBoy]

Exactly, I would have held onto it as a conversation piece.

May I ask why you sold it and bought quarters. It would seem to me you took a hit on both sides if that deal since he is buying less than melt and selling for more than melt?

 

[Mkelly315]

May I ask why you sold it and bought quarters. It would seem to me you took a hit on both sides if that deal since he is buying less than melt and selling for more than melt?

What am I going to do with a Turkish pendant? I have been trying to fill my quarter tube with 90%ers. It was free to me! I don't mind losing a few dollars for what I'm looking for.

 

[Mr. Silver Stash]

Did he tell you how much it weighed - grams, pennyweights?

 

[Mkelly315]

Did he tell you how much it weighed - grams, pennyweights?

I weighed it at my house. It was 1.1 grams. Then he weighed it and it was spot on.

 

[Mr. Silver Stash]

Nice deal. I am glad you got a fair price. And silver has a lot of upside.

 

[Mkelly315]

Nice deal. I am glad you got a fair price. And silver has a lot of upside.

Thanks!

 

[silverdollarbill]

Awesome find, but I would never trade gold for silver. Also, no one who buys scrap gold pays 100% of the gold value. There must be value beyond the gold. However, as long as you are happy, that is what matters.

 

[sack0silver]

Free, even if you get a little ripped off, free so win. GJ

 

[jerseyben]

Are you sure it's solid gold? How did you determine the karat of this piece? Looks fake to Me man...

Do you even know what it is? Why would you automatically say "it looks fake"?

 

[CoinFetcher]

I think it looks fake because: First, it's holed. Second, not all that glitters is gold.

If all I had was that pic, I would say its not real. Would you make an eBay purchase based on that photo?

So many gold colored Mardi gras style beads, and pennants. Or, perhaps fake marriage coins. That is what was going though my head.

If I had my test kit, blah blah blah, item in hand, then duh. I would assessed it as gold.

I'm not questing his story after that. Cool, got $44 from it, awesome, it was real!