Friendly Metal Detecting Forums   Quality Metal Detectors
List all sponsors

Go Back   Friendly Metal Detecting Forums > Everything About Finds > What's the Value?

Reply
  
Thread Tools Display Modes
  #1  
Old 07-01-2018, 12:05 PM
rlhjr72's Avatar
rlhjr72 rlhjr72 is offline
Senior Member
 
Join Date: Jun 2012
Location: Peachtree City, GA
Posts: 284
Default Gold Turkish 500 Kurus - what to do?

I have an elderly family friend who found this coin in his boxes of junk collected over the years. It's an 1861 22k gold Turkish 500 Kurus coin. I've done research on it and have found it to be fairly rare and valuable.

Numista's rarity index is 95 and a mintage of 30,000 see:
1277 (1861) ١٠
https://en.numista.com/catalogue/pieces34993.html

The problem, as you can see from the photos, is somewhere in the last 157 years, someone decided to turn it into a pin. I took it to a local coin shop and his suggestion would be to have a jeweler remove the pin, have it graded, then it may be possible to sell it for its collector's value rather than its gold value.

I've always heard that damaging a coin in any way basically renders it not valuable to a collector. "Never rub your coins in the field" Does the rarity of this coin change that? Does anyone have any suggestions, either to follow the coin shop's advice, or just melt it for its gold value? Or try to sell it with the pin attached?
Attached Images
  

__________________
AT Pro / Ace 250 | Garrett ProPointer | 1" flat edge wood chisel | equipment paid by finds: 191.67%
Gold: 19 | .925: 65 | Silver coins: 19 | Wheats: 95 | Oldest: 1889 IH penny | 2019 clad: $72.06


Last edited by rlhjr72; 07-01-2018 at 07:05 PM.
Reply With Quote


  #2  
Old 07-01-2018, 12:20 PM
pryan67's Avatar
pryan67 pryan67 is offline
Elite Member
 
Join Date: Jan 2012
Location: Northern Illinois
Posts: 2,142
Default

My thoughts are that if you were going to sell it for melt value, there's no reason NOT to try to have a jeweler remove the pin. If it comes out good, then you could sell it for the collector's value (which would be less than mint of course). Selling it with the pin attached would be less than numinastic value I'm sure....so you have little to nothing to lose by having the pin removed.

__________________
Fisher F2, ACE 250, Garrett Pro-Pointer AT, Gator digger., PP-AT, AT-Pro, and a Nox 800

Reply With Quote


  #3  
Old 07-01-2018, 12:27 PM
zeemang zeemang is offline
Elite Member
 
Join Date: Feb 2010
Location: South of there
Posts: 19,812
Default

Even if you get the pin removed it would always have a "damaged" note on the grading if you had it done. Collectors seem to only pay up for US coins, I would guess it is worth scrap gold price, sorry.

__________________
E trac and an Excal II woowhoo!
Living the American dream, just a bit further south...

Reply With Quote


  #4  
Old 07-01-2018, 01:02 PM
amc rulz's Avatar
amc rulz amc rulz is offline
Supporter
 
Join Date: Jan 2011
Location: southern mich
Posts: 4,254
Default

Id leave it the way it is, and keep it.
Reply With Quote


3 members found this post helpful.
  #5  
Old 07-01-2018, 08:50 PM
DirtyRob's Avatar
DirtyRob DirtyRob is offline
Elite Member
 
Join Date: Aug 2010
Location: Northwest Indiana
Posts: 8,653
Default

melt value

__________________
Career-21478 coins-$1323.47/44-Silver Coins/253-Wheats/37-.925 BLING/8-Gold BLING/10-IH/3-Buf 1-Shield 1-V
2019 Totals-79-coins-$05.22 /0-.925 Jewelry/1-Wheats/0-GOLD/0-SILVER COINS/0-IH/0-Buff/0-V

Reply With Quote


  #6  
Old 07-01-2018, 09:09 PM
BufordCityDawg's Avatar
BufordCityDawg BufordCityDawg is offline
Elite Member
 
Join Date: Dec 2015
Location: Buford, Ga.
Posts: 1,665
Default

I remember that coin! I would keep it if you can. It is a very nice coin.

BCD

__________________
Metal Detecting, the worlds longest running game of hide and go seek.
Equipment: Minelab Equinox 600 Garrett Pro-Pointer AT
YTD Totals= (2018) Clad=50.44 Gold=2 Silver=0 925=3 Relics=0 Oldest Coin = 1891 IHP

Reply With Quote


1 members found this post helpful.
Reply


Thread Tools
Display Modes

Forum Jump


All times are GMT -4. The time now is 04:04 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2020, vBulletin Solutions, Inc.