Newbie here...Dutch Ducat 1776 .. question??

I know I paid WAY to much. What I would like to know is how much "WAY" to much.

I never purchase anything without doing a ton of research. But I LOVED (LOVED LOVED) this coin. I know NOTHING about coins...so the reasons I bought it was as a piece of jewelry and the history.


It is a Dutch Ducat 1776. The only thing that confused me is that they "said" it was 22k gold, but I have never heard of such.

I bought it from a store in Grand Cayman that does offer a 90 day money back guarantee...so I am still within that window.

The coin is in excellent condition. It is encased in 18K gold so that it can be worn on a gold chain. Loved the design....loved the history of the coin. It has very special meaning to me.


I paid $1,700.00. I have seen a coin like it on Ebay for $600.00 but that was not with the 18K gold setting so that it can be worn on a necklace.


I know Grand Cayman is the worse place to purchase anything (except Rolexs) because of the high cost of living there. But I just LOVED IT!!
And still do.

I know I will end up keeping it even though I paid WAY to much...because (in case you have not guessed) I LOVE IT! But I still want to know how much I overpaid and were they truthful about it being 22K???


Thanks !!!

 

Log in or Sign up to hide this ad.

20K probably. We need to see pictures to know the grade and thus value however.

 

Thanks so much. I will get the ole digital camera out and see if I can load some pictures.

Unfortunately, I am as inexperienced at computer stuff like that as I am about coins...which is why I purchased this as a piece of jewelry!! I will give it the ole college try!!!

Thanks again!!

 

This is certainly not my area of expertise but your original post kind of scares me.
You paid $1700 for a coin that you have basically seen on ebay for $600.

You bought it from the Grand Caymans.

You're new to coin collecting.

Sorry but I'm getting a lot of bad vibes here. Sincerely hope I'm wrong but unless $1700 is like a roll of dimes to you I'd do some reading, ask more questions THEN drop a bunch of money.

clembo

 

Inhymn,

The gold purity in a Dutch ducat is 98.6% or more like 23 + carat.
The gold encasing is probably 22 carat.

As far as the numismatic value of a 1776 ducat with mounting marks (damage) ...... Estimated: $900/oz (bullion value) x .1107 oz (AGW of ducat) + 50% mark-up = $150 (OK... OK because it is a 1776 and we are in the USA, $250 tops:headbang:.)

I hope the gold encasing is very heavy.

Anyway after all it is now jewelry, so wear it well.


Please post pictures .... I'm sure it is a beauty. I love Dutch ducats !!!

 

That's what I figured.

Thankfully, yes, we are blessed. I have spent more than this on a purse.
(but after all, it was a Louis Vuitton)

I just wanted to know the "real value" as opposed to the value it has as a piece of jewelry to me.

I never thought I would find the world of coins interesting...but it has been so cool looking up the history behind this coin. And it has gotten me to looking into other coins.

I loved the 1776 because the warrior on the front (to me) looks like a "Patriot of old". And since that is when they got their independence and it is when we got our independence...I thought that was neat.

Like I said, I still have 60 more days that I can return it for a full refund.
But I think I will keep it.

I will still try to post a picture... if I can figure it all out.

Thanks again!!

 

I would suggest you should read a few reference books before spending too much more money . A good start is this article about ducats authored by Cointalk's Administrator, GDJMSP: The Ducat

The warrior is actually a knight and 1776 is the date the coin was minted not the date "they got their independence". The article above will explain a lot of history regarding the "Ducat".

Enjoy !!!

 

If it were me I'd buy a circulated example for $600 or less and pay a jeweler to make a gold mount and chain. I am guessing the mount and chain can be had for much less than $1,100.

But that's just me. I hate wasting money when I don't have to.

 

Sorry...that phrase should have read when they "recognized" (not got) "our" independence. (not theirs) sorry.

(Typing is not my first language!!) :goof:

I thought that was really cool.

And now we have a Dutch-American Heritage Day!!



"We are here today to honor another defining moment in the relationship between the United States and The Netherlands. Only four months after our newly minted nation declared its independence, a brigantine – a small two-masted vessel – called the Andrew Doria that had recently been converted from a merchant ship to one of the first four ships in the Continental navy, sailed into the Dutch port of St. Eustatius. When the Andrew Doria fired the ritual salute of 11 guns upon entering the harbor, the Governor of St. Eustatius Johannes de Graaff ordered the guns of Fort Orange to return the salute. That day, November 16, 1776, marks the first instance in which a foreign power recognized the American colonies as a sovereign nation. And this event has found its place in the annals of both Dutch and American history as the first salute by any foreign power to an American flag."

http://amsterdam.usconsulate.gov/dutchamerican_heritage.html

 

I am pretty much the same way...until I see something I love!!!

My husband was just glad I loved this coin more than the $10,000 sapphire bracelet I was looking at!!! Kiss

I have wanted a gold coin to put on a necklace since our honeymoon almost 20 years ago. I even bought back some kind of Italian money from our honeymoon with the intent of having it encased (which I will probably still do). I don't even know what kind of money it is....I only know that it is pretty. I will try to add pictures of it as well.

But these coins were gold and silver (in color) and I wanted all gold.

I have been looking on and off ever since....but the ones that I found were either to big or to small or I did not like the setting.

Just like Goldielocks....this one was "just right"!! Size wise and the rest (as they say) was "history".

Thanks again folks. I will give it try with the pictures (hopefully) tomorrow.

 

The Andrew Doria has a more proud history than its sister ship - the Andrea Doria.