A machine that spits out gold! Fortunately, it didnt chew.

halfdime

Silver Member
Oct 31, 2006
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A machine that spits out gold! Fortunately, it didn't chew.

Last year, our community discovered that funding for our local park was drying up; where once we could rely upon government money for amenities like fireworks and pool improvements, we the citizens would have to find other ways to pay for those things. Fireworks on July 4th are a town tradition, and we were in real danger of losing them until a group got together and organized as "Friends of the Park." We had meetings, and people were encouraged to submit their ideas for fundraisers. My idea, based on recent experience, was to ask people to donate those jars of coins they had sitting around the house. Two of my aunts had reason in the last few years to cash in what they had gathered, and between them it was over $600! I reasoned that many other people were in the same boat, not concerned or even realizing how much money in coins they had in the house. Though there was some skepticism from members of the Park Board (men, I'm ashamed to say), the ladies in charge of "Friends" embraced the idea; it ultimately was our biggest fundraiser last year, to the tune of over $6000!
Last year, among the coins turned in, someone included a Krugerrand; this ultimately added about $900 to the amount we collected. I found out this week that during this years drive, someone had put in a 1906S $20 gold piece! How was it found? When all the coins were placed in the bank's coin counting machine, the gold piece was spit out! I recommended that next year we look through the coins before putting them in a machine that could easily damage one so valuable. Now that we've received gold two years in a row, why take that chance again? A coin dealer looked at the coin this morning and is willing to give us $1200, but I think we can get more than that for it. A local jeweler is keeping it in his safe. This is a real beauty, and it was a privilege just to hold it and feel it's weight! What I wouldn't give to find one with my XLT! Here are pictures:
 

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dank

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Mar 18, 2009
180
16
Olympia Wa
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Re: A machine that spits out gold! Fortunately, it didn't chew.

wow that thing was close to being bag up and sent out, CRH would love to find that when hunting!!!

nice find!!!
 

2bits

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Nov 19, 2009
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Re: A machine that spits out gold! Fortunately, it didn't chew.

Very nice! HH
Doc
 

civilman1

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Nov 29, 2005
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Re: A machine that spits out gold! Fortunately, it didn't chew.

Congratulation's on your fund raising effort's and for counting machine's to not recognize gold coin's ;D Cool story.
 

Chug And Red

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Re: A machine that spits out gold! Fortunately, it didn't chew.

WOW!!!! I Want one!!!!
 

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Deepdiger60

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Jun 18, 2009
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Re: A machine that spits out gold! Fortunately, it didn't chew.

That is one gorgeous coin your lucky to get it back that is a dream find for any detector hunter thanks for showing Dd60
 

DrDetector

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Jan 20, 2007
1,363
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Pittsburgh, PA
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White's Spectrum XLT
Re: A machine that spits out gold! Fortunately, it didn't chew.

Glad to hear it was discovered by the true person (or group) that owned it.

That being said, this is the reason we all check those coin reject slots :laughing7:
 

creeper71

Silver Member
Dec 5, 2007
2,936
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South Central PA
Re: A machine that spits out gold! Fortunately, it didn't chew.

I would think it would grade about a AU-50 OR 55 so max value for it would be around 1450.00 so 1200.00 isn't bad.....
 

Tank69

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May 5, 2009
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Yuma Az
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Re: A machine that spits out gold! Fortunately, it didn't chew.

thats one beautiful old lady .......simply beautiful .
 

HISPAN

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Mar 15, 2009
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Re: A machine that spits out gold! Fortunately, it didn't chew.

amazing coin .....
finance their local holidays while you can :wink:........ (begin collecting taxes for the local festivals and Hospitals ... and end up banning religion etc) :laughing7:
 

girardpaguy

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Dec 11, 2008
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Girard Pa
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Re: A machine that spits out gold! Fortunately, it didn't chew.

wow That is outstanding :o
 

rileyboy

Bronze Member
Jan 15, 2010
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Re: A machine that spits out gold! Fortunately, it didn't chew.

Why not raffle it off for twenty dollars a chance. You may make more money for your cause. Just a thought.
rileyboy
 

Cal_Cobra

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Oct 3, 2008
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Re: A machine that spits out gold! Fortunately, it didn't chew.

Very nice find for your cause :hello2:

I do wonder though, if there were two gold coins, how many SILVER coins went right through the banks coin counter with ease :icon_scratch:

Definitely would be worth some effort to sort out the coins next time your group does a similar fund raiser IMHO.
 

sscindercoop

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Apr 14, 2009
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Re: A machine that spits out gold! Fortunately, it didn't chew.

Wow. I would also love to find one :icon_thumleft:
 

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halfdime

halfdime

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Oct 31, 2006
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Re: A machine that spits out gold! Fortunately, it didn't chew.

Cal_Cobra said:
Very nice find for your cause :hello2:

I do wonder though, if there were two gold coins, how many SILVER coins went right through the banks coin counter with ease :icon_scratch:

Definitely would be worth some effort to sort out the coins next time your group does a similar fund raiser IMHO.
I think they spit out silver, too. I know they spit out just about anything that doesn't meet modern standards.
 

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halfdime

halfdime

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Oct 31, 2006
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Re: A machine that spits out gold! Fortunately, it didn't chew.

floodlight said:
Here is a link for your $20 Gold Liberty Head 1906S coin:

http://www.pcgs.com/prices/PriceGuideDetail.aspx?MS=1&PR=1&SP=1&c=66&title=Liberty+Head+$20

If you scroll down to your coin it mentions prices ranging from $1500 to several times that (depending on condition). A very nice coin indeed. I guess some good samaritan is helping out your organization.
I looked at this site yesterday as well. They do post a disclaimer that these prices refer only to PCGS graded coins. Still a good reference, though.
 

Chug And Red

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Feb 18, 2010
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Re: A machine that spits out gold! Fortunately, it didn't chew.

rileyboy said:
Why not raffle it off for twenty dollars a chance. You may make more money for your cause. Just a thought.
rileyboy

That is a great idea, as long as i can throw in twenty for a chance to own that beautiful coin, and to help with your cause!!!!
 

creeper71

Silver Member
Dec 5, 2007
2,936
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South Central PA
Re: A machine that spits out gold! Fortunately, it didn't chew.

halfdime said:
Cal_Cobra said:
Very nice find for your cause :hello2:

I do wonder though, if there were two gold coins, how many SILVER coins went right through the banks coin counter with ease :icon_scratch:

Definitely would be worth some effort to sort out the coins next time your group does a similar fund raiser IMHO.
I think they spit out silver, too. I know they spit out just about anything that doesn't meet modern standards.
I know they spit out silver coins this is what I got from someone at a coinstar be4 (this was all in one night an from one person
 

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