Hey there everyone! Its been a while..

So hope everyone is well. I havent forgotten about Coin talk..but you know how life goes.

So. Got a certified letter in the mail a couple of weeks ago. It was addressed to my dead younger brother. He passed in 2018 at 34 y.o. Anyways come to find out he had a safety deposit box. Well my Dad had and Alex was the second on it.

Anyways, after a lot of b.s. back and forth and one snotty bank lady later and I was able to go pick it up.

My Dad had owned a Gold Buying company so he came across alot. ( By the way got about 30 small, but not super tiny loose diamonds, if you know what to do with them shoot me a message please)

All in all, nothing over the top, but interesting to say the least. Plus it hit close pulling stuff out and seeing my Dads handwriting again after all these years he has been gone (2013).
I had no idea this existed. So kinda cool to have out of the blue. And glad I was able to stop it from going to the state!

Anyways,I thought I would share a lil bit of it with you guys

 

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Very nice! The real value is knowing it was put there by your Dad.

 

Lifes unexpected Treasures, Gratz!!

 

Quite a few possibilities to build around with which ever you choose as the center piece. The real value is beyond the monetary.

 

Glad you're back. So very sorry for your loss. Sort through everything and catalog the items. Ask around about a trustworthy jeweler.

 

my sincere condolence(s) on both account(s)

lovely coin(s) and interesting in reading about the diamond(s)

not an every day score

 

Sorry to hear about your loss from years ago. What a wonderful surprise and I’m glad you were able to get it. That’s something to hang onto.

 

There was a bunch more..mostly commemorative silver rounds, silver bars, more silver certificates, a couple more gold coins, a platinum diamond ring (thinking it was maybe my Grandmas? Not to sure), mercury dimes etc.

 

I lost my Grandma, Dad, fave Uncle and older brother all within 2 years then my younger brother 5 years later. Never had a Mom, so I guess I am the last one standing. Who would have thought my crazy ass would be the one to last. Smh.

 

I am so gun shy on trusting anyone. From what I gather its too hard to get rid of the diamonds?? Shoot I have plenty in my safe, (all though a little smaller) from 2 broken yennis bracelets that I have trashed beyond repair. To even get them set into something new is outrageous, so there they sit in my safe.

 

It's easy to "get rid of" diamonds, especially if you don't insist on getting every possible dollar out of them.

Find a local jeweler who makes custom pieces. A reputable place that's been around for a while.

They won't offer you the absolute top dollar (they have to make margin themselves), but they can make a fair offer - buying some to use, some to wholesale to others, etc.

 

Agreed....goto a place that's been around for a while and prerably in a nice part of a larger town or city. You don't want to goto some rural WE BUY GOLD AND SILVER place that is just looking to buy at a 40% discount to FMV.

Most of what you have appears to be VERY liquid and even if not possessing large numismatic premiums, would sell pretty quickly.

Do you intend to keep some/most of the collection for collecting or sentimental reasons, Kristine ?

 

before you decide in parting way(s) with anything , do your homework and have a price that your willing to sit with

esp this day in age , everyone wants something for nothing ( at least in the area at where i am at ) in obtaining anything

 

Given the price of gold, you might be quite surprised at what the gold pieces are worth. The two five dollar gold pieces in the U.S. capital set are worth at least $500 apiece.

I collected those double sets in the wooden boxes. I have all of them except the big double set for the 1996 Atlanta Olympics. I have the smaller set in the wooden box with Proof coins in it. The numismatic value for most of those gold coins has pretty much disappeared, but the rise in the gold price has offset that by a wide margin.

 

@Kristine Garrant . I am not familiar with you from previous posts but I am familiar with your position. I have buried two sets of Grandparents, two sets of parents, two brothers,and one child. Don't know about you but I was the executor for 5 people. One piece of advice I always offered was take your time. Consider both what your lost one may have felt about the item(s) involved and what it could mean to you. But remember this, it is easier to dispose of things than it is to get them back.
As far as the diamonds are concerned, I have had a jeweler creat 3 diffferent pieces for my wife. The cost was actually not that bad but it did take awhile. Good luck no matter what you do. James

 

So when the gold price was alot lower, the coins had a numismatic premium tacked-on ?

Are we talking 10% or 40% ?

 

Yes, they did. It was around 20%. Some of them, like the Jackie Robinson coins, it was a lot more because of their “low mintages,” like 5,000, for the Uncirculated version. The prices for those have fallen quite a bit. The Smithsonian coins used to good too. Now they might be worth $50 more. Good luck getting it. So much for the Unc. Jackie Robinson as a “great investment.”

 

It's hard to keep up with gold prices these days, but melt value for $5 gold pieces is over $730. $750+ for the quarter-ounce piece.

I keep doing double-takes on the figures, because I apparently locked in my notion of what gold coins should cost when the metal was around $1600.

 

The gold commemoratives are 90% gold and slightly less than a quarter ounce. The quarter ounce pieces are full weight and .999 gold. Yes, my $500 number was low, but the melt for the $5 gold coins is not one fourth of the of the gold spot price per ounce.