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Old 07-01-2018, 12:05 PM
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rlhjr72 rlhjr72 is offline
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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

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?
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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.
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Old 07-01-2018, 12:20 PM
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pryan67 pryan67 is offline
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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 you have little to nothing to lose by having the pin removed.

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Old 07-01-2018, 12:27 PM
zeemang zeemang is offline
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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.

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Old 07-01-2018, 01:02 PM
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amc rulz amc rulz is offline
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Id leave it the way it is, and keep it.
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Old 07-01-2018, 08:50 PM
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DirtyRob DirtyRob is offline
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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

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Old 07-01-2018, 09:09 PM
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BufordCityDawg BufordCityDawg is offline
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I remember that coin! I would keep it if you can. It is a very nice coin.


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

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