Here is a good ? about silver coins. Should you buy .999 coins and pay huge premiums, commissions and taxes. Or should you buy .925 coins, and only pay a commission. I did the math, and I find that although .999 is more valuable obviously, buying .925 seems a better investment and you would keep more money. Any comments or questions?
Hi I found a natural silver nugget ( I think?) with a metal detector. It weighs about five oz's. when I cleaned it i noticed it was gold in the crevices. I did a acid scratch test on it here are the results. Silver test, turned milky than clear and left a bunch of bright gold particals on scratch stone. 22k acid, very little change, 18k test no change, Platinum acid test, no change? Any ideas on what it is or karat. Thanks
@staydput Yeah whoever made this ring must not have known much about coins. I wouldnt have put that in there but thats the way it came in the scrap. I didnt have the heart to melt it down.
Last time I looked, any decent $3 gold piece traded for over $1,000. It's the rarity.
Type collectors want examples of each type of coin. Freakishly rare $3 dollar gold pieces are Hell to come by. $4 pieces are even rarer, less than 200 IIRC.
Anyone in the know would chop off your finger to get the piece. I'd stop wearing it.
@staydput Seriously? The people who know what that coin is worth are not the type to cut your finger off and more often than not common thugs can't tell when jewelry is real... Aside from that, a couple k isn't worth the robbery unless you're being mugged cause of your own stupidity... (Like walking around oakland in a bad neighborhood at night.)
@cldball Funny that you ask that. Its a 3 Dollar gold coing 1857. Not my coin of choice, i wanted an indian head but this was in a scrap jewelry lot and it looks nice for the time being.
Unless you buy the whole lot it all gets melted down. I'm locked into a price each day with a buyer, it gets shipped out immediately at that days price. I don't know why that is so hard for everyone to understand. If i were to piece this lot out it would take weeks to sell this. When i ship it out, its all sold and i get my money back the same day. done. Plus dealing with the public sucks. never happy, returns, questions, scams.
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Here is a good ? about silver coins. Should you buy .999 coins and pay huge premiums, commissions and taxes. Or should you buy .925 coins, and only pay a commission. I did the math, and I find that although .999 is more valuable obviously, buying .925 seems a better investment and you would keep more money. Any comments or questions?
cloudskipper40 2 months ago
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Hi I found a natural silver nugget ( I think?) with a metal detector. It weighs about five oz's. when I cleaned it i noticed it was gold in the crevices. I did a acid scratch test on it here are the results. Silver test, turned milky than clear and left a bunch of bright gold particals on scratch stone. 22k acid, very little change, 18k test no change, Platinum acid test, no change? Any ideas on what it is or karat. Thanks
aznuggetbob1 4 months ago
@11mac11s rofl thanks you proved my point :)
jasenrhodes 5 months ago
@11mac11s racist piece of shit
jasenrhodes 5 months ago
@11mac11s you must be so perfect. Are you the Messiah?
jcmungus 8 months ago
i googled $3 coin and the highest valued one is 1,000,000
Digadogup 10 months ago
@Digadogup That's odd. They are selling on ebay for under $750.00
BayshoreBullionX 10 months ago
@BayshoreBullionX yeah, it must be the original printing dye model or something
Digadogup 9 months ago
we have to hold our scrap silver / gold 30 days before we can sell it (Tennesee) we have to turn in a buy sheet to the PD everyday!
TheHarleyhillbilly 1 year ago
You must realize that $3 gold coins are very rare and go for big bucks.
'Type' collectors want one for their collections.
staydput 1 year ago
@staydput Yeah whoever made this ring must not have known much about coins. I wouldnt have put that in there but thats the way it came in the scrap. I didnt have the heart to melt it down.
BayshoreBullionX 1 year ago
@BayshoreBullionX
Last time I looked, any decent $3 gold piece traded for over $1,000. It's the rarity.
Type collectors want examples of each type of coin. Freakishly rare $3 dollar gold pieces are Hell to come by. $4 pieces are even rarer, less than 200 IIRC.
Anyone in the know would chop off your finger to get the piece. I'd stop wearing it.
staydput 1 year ago
@staydput Seriously? The people who know what that coin is worth are not the type to cut your finger off and more often than not common thugs can't tell when jewelry is real... Aside from that, a couple k isn't worth the robbery unless you're being mugged cause of your own stupidity... (Like walking around oakland in a bad neighborhood at night.)
Yoni89 9 months ago
is that a coin ring you got on?what kind of coin is in it?
cldball 1 year ago
@cldball Funny that you ask that. Its a 3 Dollar gold coing 1857. Not my coin of choice, i wanted an indian head but this was in a scrap jewelry lot and it looks nice for the time being.
BayshoreBullionX 1 year ago
Unless you buy the whole lot it all gets melted down. I'm locked into a price each day with a buyer, it gets shipped out immediately at that days price. I don't know why that is so hard for everyone to understand. If i were to piece this lot out it would take weeks to sell this. When i ship it out, its all sold and i get my money back the same day. done. Plus dealing with the public sucks. never happy, returns, questions, scams.
BayshoreBullionX 2 years ago
Did I understand correctly that you melt it ALL down, or do you resell items with a good premium on them? =^[.]^=
Raycheetah 2 years ago
@Raycheetah
He's a retail buyer and is in no position to carry/ finance that much action.
He takes his percentage and lets his wholesale buyer deal with the re-marketing.
The whole market is very competitive. If the wholesaler starts jamming him, he is free to sell to others.
Obviously, he is in that part of town that does not draw droves of cash buyers.
The wholesaler will certainly work to get value out of the mix, not to worry.
staydput 1 year ago