I haven’t been following the pm markets but I think $900 is close to spot. I’d certainly help my friend but I can only give so much help.
I'm with Mac McDonald... friends are friends and all but it's a coin with no numismatic value and around $850 for melt is being a tad bit generous but not out of hand and more than he'd get from a "we buy gold guy" would be a bit below $850 today probably around $825 actually because they are just gonna send it off to melt or sell it for bullion to someone else and take the $25 or so Friends are one thing, but money is money and it's only worth so much. Just my opinion, ball is in your court, you can do what you like. at $900-$950 you might have to sit on it a good while to then liquidate it back to cash to break even. My opinion, it's a bullion piece at this point and not worth really anything more than that. golds up about $5.00 an ounce in the last 30 days but down about $60 over the past year. it's down about $15 right now from yesterdays close. it's been on the downside for the past year mostly.
I bought an 1895 Gold Eagle several years ago for about $650. I had it graded by NGC. It came back MS61. My Red Book 2019 72 Edition doesn't show an MS61 amount. It shows MS60 at $850 and MS63 at $1,000. I don't have a reference for an MS61, but with the cost of gold going up, my MS60 would probably be a little over $1,000, but not for sale.
I took a closer look but am stumped. Can you guys share with me what are the tell-tale signs that it was used in jewelry? Thanks.
If you're partial to using a Pocket Watch, you could shop for a Pocket Watch Fob Chain--with or without the Watch--and order a 14-K Mount for it to fit the 25 mm diameter; the combination would be a nice conversation piece while also repurposing the ex-jewelry coin (while hopefully, by trends, the spot price keeps on increasing). Also, if you do wear it on a Vest, or carry it around in your pocket (with the Chain attached to a Belt Loop for security), the coin will, over time start to pick up a patina from contact with your hand or other items, and the protected areas will begin to tone as is evidenced on many original coins of that age. The attached Image is representative of what I'm referring to; I purchased this from Great Collections back in 2012. The coin, an 1834 Half Eagle, had quite a bit of wear (about EF-30) but looked good because of the "crust" (i.e. patina) it had developed over the years.
@JeffC Look closely at the Rim and you will see a depressed "step" that is coincident with the coin's edge that almost completely encircles the circumference; this was caused by the pressure of the Coin Bezel over many years. Also, sometimes if the bezel is not sized properly (that is not a tight fit), the wearer may have had a habit of fiddling with the coin or attempting to orient it to upright in the Bezel by rotating it, and that would also result in a wear pattern. NOTE: the TPGs will still still slab an ex-jewelry piece as-long-as it does not have any other issues.
NUMISMEDIA PRICES ARE FULL RETAIL FOR PROBLEM-FREE PCGS OR NGC SLABBED COINS ...and why are we shouting?