Need Help Gold Mark

Bigcypresshunter

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South Florida
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70's Whites TM Amphibian, HH Pulse, Ace 250
Primary Interest:
Beach & Shallow Water Hunting
Im sure this ruby ring is gold but I dont know what karat. For some reason, I cant get a good pic of the mark. I even tried a white background and loupe.

There are 3 letters. The second and third Im sure are TC. The first maybe an I.

The numbers Im sure are 96910. There appears to be the upper part of a K.

ITC 969 10K? or ITC96910K? What is 969?
 

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I think silver was at 50+ in the 80's with the Hunt Brothers. If the coin dealers really knew what they were talking about........I went to a show a few years back when silver was $9, and the guy guaranteed me that it would be 12 by the end of the year. Wasn't close. But time goes on........... After being in the jewelry business as a hobby, I purchased gold at under 300 when Russia was doing the sell off. Then I waited untill it reached the lofty heights of $600 to purchase 5-10-20-and 20 gold pieces, kicking myself while I paid such an intolerable price. Trouble is, I don't want to sell them...yet.
 

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diggummup said:
bigcypresshunter said:
There is no doubt in my mind that gold will continue to rise with the coming bad times.

Gold is now at an alltime high of $1604!! Thats good for beach hunters.
Silver is $40.56. I dont know if thats an all time high.

I will sell most of my gold and some of my silver when it reaches $45. The rest I will save. Im afraid Ill have to bury some of it to be safe.
I'm not sure but I think silver hit $50 an ounce back at the end of April, if not it was darn close. I'm waiting to see what happens with silver, I think an all time high is coming in the next several months. I got a few pounds to let go of if it does. That guy gave you more than melt on that cross, i'll have to keep him in mind before I sell on ebay this time. Did you post a photo of the cross anywhere on tnet? Haven't been on here in a few days.

High Plains Digger said:
I think silver was at 50+ in the 80's with the Hunt Brothers. If the coin dealers really knew what they were talking about........I went to a show a few years back when silver was $9, and the guy guaranteed me that it would be 12 by the end of the year. Wasn't close. But time goes on........... After being in the jewelry business as a hobby, I purchased gold at under 300 when Russia was doing the sell off. Then I waited untill it reached the lofty heights of $600 to purchase 5-10-20-and 20 gold pieces, kicking myself while I paid such an intolerable price. Trouble is, I don't want to sell them...yet.

I believe we are witnessing one of the "great meltings" of the last hundred years. There is no telling how much stuff is getting smelted down right now - or where it is ultimately ending up. You would think these great meltdowns would increase the value of Granny's tea set or your coins, but the Red Book still uses all the numbers from the Mint. If you ask the old timers, they will tell you this has happened in the 60's, it happened in the 80's, and it's happening now. It is like the Wild West out there and gold and silver "technically" have not yet reached "all-time highs" yet since the price during the 80's was actually higher when adjusted for inflation. Scrap gold sells on eBay now in minutes or even seconds - there are literally people who sit on ebay all day long doing a search for "Scrap Gold" that must be clicking refresh every 30 seconds. Buyers came into town and ran a full page newspaper ad and stayed for three days a while back. If you post a "I Buy Coins" ad on craigslist it gets flagged off by competitors within minutes - you have to post 8-9 ads a day to do any good at all. The "WE BUY GOLD" places have cropped up on what seems like every street corner. The shizz is really getting crazy out there, and if they (Govt.) decide to do a third round of Quantitative Easing there is no telling where this is going to stop. God forbid we should lose our credit status. One thing is for certain IMO, and that is that the party has got to end sometime, as it always does. As for silver, I imagine there will be some who will sell early and lose out, but there will even more who hold on too long until the next inevitable crash and be left with pile of $12/oz stuff to sit on for another 30 years just to try and break even. A very small amount of Cowboys are going to come out very well if they can hold on for the ride and get out at the right time.
 

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I agree what goes up must come down. I remember the 80's. I still have silver I bought. The balloon will always bust and those that buy late will burn. But Im afraid this is much different. I believe the price of gold is rising because people are worried about the paper dollar.

I remember silver coins as common pocket change. I remember Silver Certificates and "will pay to the bearer on demand $10 in gold". The government no longer backs up our paper money in gold because THEY DONT HAVE IT. I always thought we used paper money because silver dollars are too heavy lol. Boy was I foolish. They just keep printing when they need money. Paper and ink. Our GNP is so low that we are no longer credit worthy and its possible our paper could become practically worthless. I think that is what is driving up the price of gold this time around..

I dont know much about politics and we cant talk about it here. I think at one time our goverment made it illegal to own gold. They say another depression where the banks shut down cannot happen because our money is FDIC insured. Insured with what? That brings us back again to paper and ink and credit worthiness.
 

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Actually, I think the US is the largest holder of physical gold in the world (or so they claim). Switzerland actually has the highest amount of gold per capita, and thus the Swiss Franc has always been a fairly stable currency and an attractive one to investors.

BigCy - you were around during the Carter Administration, I take it. So was I, but I was very young. Anyway, do you remember things being this crappy back then? Was the Dollar teetering like it is now? I know there was inflation and high gas, but how does 1980/1981 stack up to the present date in terms of overall crappiness?
 

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hombre_de_plata_flaco said:
Actually, I think the US is the largest holder of physical gold in the world (or so they claim). Switzerland actually has the highest amount of gold per capita, and thus the Swiss Franc has always been a fairly stable currency and an attractive one to investors.
That may be true. What I meant is that money is being printed that is not backed by gold. We dont even know how much is being printed. Im afraid we are getting close to politics and this post will disappear.

hombre_de_plata_flaco said:
BigCy - you were around during the Carter Administration, I take it. So was I, but I was very young. Anyway, do you remember things being this crappy back then? Was the Dollar teetering like it is now? I know there was inflation and high gas, but how does 1980/1981 stack up to the present date in terms of overall crappiness?
No I think its different. I will have to think about it. It was a long while back. I remember I bought all the silver I could get and it fell very quickly.

I think the ecomomy was much different. I think jobs were everywhere. Interest rates were high. Our first house was 18% and we had excellent credit. We thought gas over one dollar was high.
 

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bigcypresshunter said:
hombre_de_plata_flaco said:
If that 18K cross weighed 8.7 grams then you got a good deal. I'm surprised.
I am very surprised too. I was worried about the check but I just cashed it no problem. The bank is across the street and a few blocks east.
Maybe he knew he cold sell it. http://www.fountainsjewelers.com/ http://www.fountainsjewelers.com/

Ill have to try my 14K junk next. I dont know if Im allowed to post this.

My guess is this particular jeweler already had a buyer for your type of vintage ring. I'm sure he made a buck or two on the deal, but you got an outstanding price for your gold IMHO.

These "WE BUY GOLD" places make a killing doing this. They will pay only 50-60% of spot on ALL gold jewelry - no matter if it is a broken nugget bracelet from the early 90's or a $10,000 Tiffany piece from the 1850's. They cull all the vintage and high dollar designer pieces and send the trashed and common stuff off to the refinery.
 

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He said he would pay me $750+ for my 1/2 Krugerrand without seeing it which is a little under but not bad.
 

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bigcypresshunter said:
Read this. In 1933 President Roosevelt made it illegal to own gold. http://users.rcn.com/mgfree/Economics/goldHistory.html

Scroll down to The New Deal and the New "Emergency"


History repeats itself.

This would really suck. Like I have heard here before though, if it gets that bad, the most precious metal will be lead.
 

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bigcypresshunter said:
He said he would pay me $750+ for my 1/2 Krugerrand without seeing it which is a little under but not bad.

Nothing wrong with that offer. In fact, it's a little on the heavy side. You might get $50.00 more on eBay, but there would be fees totaling more than $50... I would sell to this guy if he was in my neck of the woods.
 

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hombre_de_plata_flaco said:
bigcypresshunter said:
He said he would pay me $750+ for my 1/2 Krugerrand without seeing it which is a little under but not bad.

Nothing wrong with that offer. In fact, it's a little on the heavy side. You might get $50.00 more on eBay, but there would be fees totaling more than $50... I would sell to this guy if he was in my neck of the woods.
He quoted me that price when gold was still under 1600. Maybe I should ask him if he want to advertise here at TN lol.

Times were never this bad, Tuco, in my lifetime. Gas was always under a dollar when I was young and jobs were everywhere. I remember you could quit a job, walk down the block and start another the same day. I remember 25 cents a gallon.

The only thing good now is homes are cheap.
 

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I know I've never seen jobs this bad since I have been old enough to work, which is about 20 years. I too remember quitting a job and being hired the next day. It was like that in the mid-late 90's, before the economic house of cards began to tumble. I still hold out hope as an American that it is not beyond repair, but now I could definitely foresee a "Greece-type scenario" taking place here at the least.
 

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If gold goes way up, its a sign that people do not trust our paper money. IMO
 

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I, too, remember the 70s and 80s quite well. Paid .249 for gas but usual price was .32 and when it went to .39.........Then I was a real estate agent from 76 on. Times were very different from today. Interest rates at 12% because "the government has borrowed all the money". Bank rates were 9-12% for certificates. I could figure how much interest I would loose if I didn't get a check in the bank before 3:00. But jobs were all over (oil was big here in Colorado). There was a lot of talk about how the "count" of coins was affected by melt. Theoretically, the 1921 Morgans would be worth as much as the CC because so many of the 21s were melted. Didn't happen. But one thing I did do: I purchased a $10 gold with a minage of 960,000 (about the same as the 16-d Merc) for gold value. I was amazed at that. And that was at $600 gold. My theory is, I don't think they are melting gold and silver coins to make ingots out of when they are in an acceptable form without the extra cost. Yes, times are way different from the 80's, and the worst part is our socialist progressive government. By the way, I want all you Virginia boys to share some of your bullets with me, since you have so many and I have so few. Doesn't matter that I don't bust my hump and get out there all the time, or actually live in an area where I can find some. Just doesn't matter. I deserve to have hundreds of bullets, too.

By the way, oil at the time, was 2 or 3 dollars a barrel. Some years later, a equipment salesman told me that if oil went to $19, he could sell all his eauipment stock, make a ton of money and retire. That is when it was maybe $15. Don't know if he made his fortune, I had to evict him for non payment of rent.
 

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I just dug up a ring that looks very similar to the one that started this thread and I'm happy I found it as I believe mine is made by the same company (different logo and model number - but I'm thinking it's a good match). Mine has the "JTC: in a circle-type logo and the "10K" and then a number: "129". The main stone was lost and I thought of going back to sift for it but if it's some low-grade stone I'll just forget it and sell this ring as is.

Thanks again to TNet for their storehouse of information!!!
 

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black651 said:
I just dug up a ring that looks very similar to the one that started this thread and I'm happy I found it as I believe mine is made by the same company (different logo and model number - but I'm thinking it's a good match). Mine has the "JTC: in a circle-type logo and the "10K" and then a number: "129". The main stone was lost and I thought of going back to sift for it but if it's some low-grade stone I'll just forget it and sell this ring as is.

Thanks again to TNet for their storehouse of information!!!
Cool. Looks like the same ring :headbang:

Mike
 

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I forgot to update, I sold my half Krugerrand for $772 last Friday. I think gold was about 1620 at the time..
 

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black651 said:
I just dug up a ring that looks very similar to the one that started this thread and I'm happy I found it as I believe mine is made by the same company (different logo and model number - but I'm thinking it's a good match). Mine has the "JTC: in a circle-type logo and the "10K" and then a number: "129". The main stone was lost and I thought of going back to sift for it but if it's some low-grade stone I'll just forget it and sell this ring as is.

Thanks again to TNet for their storehouse of information!!!
I missed this. Yes that looks like it. :icon_thumright:
 

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