Hi Everyone, A silver loop was put on this coin so it could be attached to a bracelet. Will this effect the value and if so by how much? Thanks, Leggs
When a coin is turned into a piece of jewellery, in most cases the value goes down to bullion value. Only when it is a rare coin, a little numismatic value remains, depending of how rare the coin is.
I know I'm a Newbie and everyone else will know after I ask this question: "What do you mean by bullion value?" :hatch:
Bullion value is the value of silver (or gold...) content. After being turned into jewellery, a coin loses its numismatic value and keeps only its intrinsic value, in your case the silver value. I don't have my Krause at hand, otherwise I could give you the exact silver content of your coin.
My Krause (Standard Catalog of World Coins) states that your coin weighs 26,98 gram. It is struck in 0.8960 silver (which means that 89,6 % of your coin contains pure silver) This gives as a result your coin contains 0.7746 troy ounce of silver. The current silver rate is somewhat between 16 and 17 $ / troy ounce, so the bullion value of your coin must be around 13 $. On the other hand: that's what a coin collector would be prepared to pay. Perhaps a jewellery collector could be more interested ...
I've seen some of those coins sell for a couple hundred dollars. Kindof sad to think its only worth around $13 bucks now.
I'm pretty sure it is worth more than $13. As a rule of thumb a coin with numismatic value that has been cleaned or used in jewelry is worth about 50% of it's former value. Sometimes less if there is obvious damage. Rarely more. Not everyone is a purist. I have a few ex-jewelry gold coins that I was happy to acquire. It's still a real coin and not a copy or counterfeit, and half price is half price.
Firstly, it will affect the value of the piece... but I would pay over 13USD for your coin, It looks like you may be able to unsolder the ring without damaging the obv. or the rev. , it looks like the ring is exactly in the middle wich would probably only affect 5 or so reed dimples. If it's worth it to you , bring it in to a jeweler to have it cut and filled or un soldered. If I where to keep this piece in my collection I would probably ask the jeweler to doctor the affected dimples on the edge. But if it was truly me , I would do it myself (Your coin should increase in value if you follow what I said, note that you should be ethical when and if you sell off this piece after it has been doctored.)
This 960 reis was overstruck a 20 reales from Sevilla, which is scarcer thant the usual 8 reales overstrucks. Wanna sell it for 13 bucks? I would definitly buy it! (just joking, if solder is professionaly removed, it would nicely get US$ 100-150)
I'm not sure I'm picking up what you are laying down. Overstruck? Reales from Sevilla? Could you please explain what these things mean.:smile
These coins are struck over previous types so many people collect them beucause of the host coin. There 960 reis struck over American Dollars, Austrian Thalers, French Francs, UK Shillings, etc (these are the rarest types) but the most common type is over bust 8 reales. There´s a very nice book called "The 960 reis Overstrucks", by the Brazilian collector David Levy (this book is all sold out, but if anyone is interested, I can search for one). The Portuguese Govt. bought the host coins for 750 réis and the transformed them in 960 coins, in a very profitable business. All the best, Al Paashaus
