Anyone know gold coins too?

[Belfast1933]

Thank you both for your advice… I actually did receive an offer last night from an EBay Jewler to purchase as-is for $1200 for the pair. He indicated the resale value to be around $2k

Does that seem reasonable to both of you?

The other thought I have is to try and sell these myself on eBay to try and get closer to the $2k retail value but I am (obviously!) not a jewelry seller so I’m not sure I’d get the attention or credibility needed to sell at that level.

Thanks again for the advice

Jeff

[vintagetoppsguy]

Originally Posted by Belfast1933

Thank you both for your advice… I actually did receive an offer last night from an EBay Jewler to purchase as-is for $1200 for the pair. He indicated the resale value to be around $2k

Does that seem reasonable to both of you?

The other thought I have is to try and sell these myself on eBay to try and get closer to the $2k retail value but I am (obviously!) not a jewelry seller so I’m not sure I’d get the attention or credibility needed to sell at that level.

Thanks again for the advice

Jeff

If you got a $1200 offer, it's probably not legit. If it is legit, you should accept it quick! The coins themselves sell for a little under $500 each...and that's if they're not damaged from the bezels. The bezels may be be worth $100 each in scrap. I see maybe $1200 value there are best...no way $2K

[Jim65]

I wouldn't take the first offer, at least check around.

If they are $2.50, the current melt is just over $234 each. If the case around the coin and chain are gold, that would add to the value obviously. Take it to a jeweler and ask them to test if the chain and bezel are gold. Make sure you tell them you aren't interested in selling.

[Belfast1933]

Love this forum…. Even when I think I’m asking the most obscure question (gold coin cufflinks??) I still get helpful advice.

Thanks all - I really appreciate it.

Does anyone know of any reliable jewelers who I could bring these to to test the gold AND get the total weight in gold?

Would any jeweler be able to do this?

Jeff

[vintagetoppsguy]

Originally Posted by Belfast1933

Love this forum…. Even when I think I’m asking the most obscure question (gold coin cufflinks??) I still get helpful advice.

Thanks all - I really appreciate it.

Does anyone know of any reliable jewelers who I could bring these to to test the gold AND get the total weight in gold?

Would any jeweler be able to do this?

Jeff

• Jewelry Store
• Pawn Shop
• One of those "We Buy Gold" Places
• Coin Store

Any of the above places can test it for you.

But you would not go by the total weight. The coins are 90% gold, the bezels and chains are more than likely 10k (41.7%) or 14k (58.3%) gold. You would factor the bezels separately from the coins.

I can tell you the coins weigh 4.18 grams each and only 90% of that is gold.

4.18 X 2 = 8.36 total grams
8.36 X .9 (amount of gold content) = 7.524 grams of actual gold

Based on this gold estimator, with gold @ $1920 per ounce, you're looking at $418 in melt value (not including the bezels). But, as someone already stated, these are worth more than melt value assuming the coins are ok.

[butchie_t]

Jewelers are gonna more than likely undercut you. Find a coin dealer to work with. They will probably get closer to a better offer than a jeweler would.

You want to maximize your return. And if there is gold in the holders and the chains, you will probably get a better return from the coin dealer. Understand that they will also get their margin on the offer to you as well. But it will probably be better than the Jeweler. IMHO.

B. T.

Originally Posted by Belfast1933

Love this forum…. Even when I think I’m asking the most obscure question (gold coin cufflinks??) I still get helpful advice.

Thanks all - I really appreciate it.

Does anyone know of any reliable jewelers who I could bring these to to test the gold AND get the total weight in gold?

Would any jeweler be able to do this?

Jeff

[Belfast1933]

Update on my gold coin cufflink learning curve!
Have gotten other interested buyers and am learning through those discussions.

I just bought a digital scale - looks like 29.20 grams total weight - does that help me determine a more definitive value?

Also, can anyone here help me tell for sure if these are $2.50 or $5 pieces based on these photos and weights?

Thx again all

Jeff

[vintagetoppsguy]

Based on the weight, those are $5 Indians. That changes the numbers. Let me re-run the numbers.

[butchie_t]

Get a ruler and measure the diameter. And if they are $5 verses $2.5 based on you weights and the measurement, WOOT! Better score than you initially thought.

Get a ruler that measures in mm. Measure the front of the coins diameter.

21.6 mm is what you are looking for. Check the link below. You can see where the denomination is located on the back of the coins.

https://www.usacoinbook.com/coins/go...e/indian-head/

Cheers!

B. T.

[vintagetoppsguy]

Melt Value:
A $5 Indian weighs 8.359 grams
8.359 grams X 2 coins = 16.72 grams
16.72 grams X .9 (gold content) = 15.05 grams of actual gold
Using the calculator in the link below with gold being $1920, the coins would have a total melt value $836.16

If the total weight of everything is 29.20 grams and we know the coins weigh 16.72 grams, the means the bezels and chains weigh 12.48 grams combined. We don't know the purity, but let's just assume they're 10k. Using the same calculator, 12.48 grams of 10k gold would have a melt value of $321.02. And of course if they're a higher purity, they would indeed be worth more.

Your total melt value would be $1157.18 (or higher depending on the purity of the chains and bezels).

http://coinapps.com/gold/gram/calculator/

That said, these are worth more than melt value assuming no damage to the coins. I think you could get about $1400 ($700 each) for the coins, but you'd still only be looking at melt value for the chains and bezels.

Good luck! Keep us posted.