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Saturday, 12 November 2011 16:16

The 1888 & 1900 $10,000 Gold Certificate

The $10,000 Gold Certificate’s (Fr#: 1225) are available due to a treasury warehouse fire which occurred in New York in 1935. These notes where thrown out the warehouse windows during the fire and were scooped up by bystanders. Most of the notes are punch cancelled as shown by the note pictured above but a small number were not. In any event, none are redeemable and they are the only available examples of $10,000 Gold Certificates issued by the U. S. Government. Additionally, many are water stained or have evidence of fire damage. It is estimated that over 300 notes survived and these notes occasionally come on the auction block. They are very collectable to the joy of paper money collectors everywhere.

http://www.treasuredstocks.com/currency.html

If you have any questions call Jeff @ 870-670-4255

Published in Currency News

mic2006 $50 Gold Buffalo First Strike PCGS MS 69

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If you have any questions call Jeff @ 870-670-4255

Published in Gold US Coins
Sunday, 15 May 2011 15:16

What a rip off..!!

You may have seen the advertisements in your hometown newspaper: “We Buy Treasure, Old Coins, Antiques,” the headlines scream. “Bring Your Gold and Other Treasures for Our Buyers’ Honest Appraisal.”

Recently, such an outfit paid a visit to my small town, running just such an advertisement for several days. Although some newspapers give indications, often in fine print, that the apparent news feature is really an advertisement, the local paper did not.

Not long after the visit, I got a call from a woman who had gotten my name from a friend who had told her I knew about coins. She wanted to tell me about her experience with the motel buyers.

She had taken some coins that her husband had left her to see what the buyers would pay. Among the coins were 52 silver dollars, a mixture of Morgan and Peace. When the woman showed the coins to the buyer, he asked: “What do you want for them?”

At any rate, the woman told the buyer she didn’t have a clue as to the value of her coins. Big mistake.

At this point, the motel buyer offered $276 for the 52 dollars, which was a little over $5 apiece. The price of silver at this time was approximately $35 an ounce. As each silver dollar contains about 0.77 ounces of silver, the bullion value of the coins alone was nearly $27. Obviously, this buyer was trying really low ball her.

Fortunately, she didn’t think that $276 sounded fair, so she picked up her coins and started to leave.

“Wait,” the buyer said. “Let me talk to my manager and see if I can’t get you a better offer.” The manager appeared, was told the situation, and quickly came up with another price: $484. Now, we’re over $9 a coin, which is still ridiculously low.

Again, the woman tried to get away. Again, she was asked to wait. This time the motel buyers would go all the way to the top of the chain in their efforts to get an offer the woman would like. They called their district manager.

Once again a higher offer was forthcoming. The price now stood at $830, or approximately $16 per coin.

If you think about it, this whole scenario is almost comical. Imagine offering to sell something to a person who, each time you balked at selling, came up with a better offer. Presumably, this approach works with some people or the motel buyers wouldn’t use it.

Fortunately for her, the woman with the coins kept them and exited as quickly as she could, saying that she wanted time to think about it and would probably be back. Instead of going back, of course, she called me.

To make a longer story short, she brought the coins to me and I was able to write the woman a check for $1,550. Not bad for some coins that were initially worth only $276.

Also, if the motel buyers are coming to your town, tell anyone you know who might have some coins to check with you before taking them to the motel. If at all possible, talk them out of offering their coins to motel buyers, because you and I know that the offers are likely to be pennies on the dollar.

http://www.treasuredstocks.com/coins.html

 

If you have any questions call Jeff @ 870-670-4255

Published in Coin News

mic2006 - W First Strike 20th Anniversary Reverse Proof $50 Gold Eagle PCGS PR 70

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If you have any questions call Jeff @ 870-670-4255

Published in Gold US Coins
Thursday, 31 March 2011 22:02

1898 $5 Gold Half Eagle PCGS MS 61

mic1898 $5 Gold Half Eagle PCGS MS 61

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If you have any questions call Jeff @ 870-670-4255

Published in Gold US Coins
Thursday, 31 March 2011 22:02

1895 $5 Gold Half Eagle PCGS MS 62

mic1895 $5 Gold Half Eagle PCGS MS 62

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If you have any questions call Jeff @ 870-670-4255

Published in Gold US Coins
Thursday, 31 March 2011 22:02

1881 $5 Gold Half Eagle PCGS MS 62

mic1881 $5 Gold Half Eagle PCGS MS 62

http://www.treasuredstocks.com/coins.html

If you have any questions call Jeff @ 870-670-4255

Published in Gold US Coins
Thursday, 31 March 2011 21:58

1878 $3 Princess Indian Gold, NGC MS 62

mic1878 $3 Princess Indian Gold, NGC MS 62

http://www.treasuredstocks.com/coins.html

If you have any questions call Jeff @ 870-670-4255

Published in Gold US Coins

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Australian Koala 2009 Gilded Edition 1oz Silver Coin

Silver Lunar Coin

 

 

 

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If you have any questions call Jeff @ 870-670-4255

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