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Author
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Topic: coin value
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jonyann01
New Member Posts:
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posted 04-18-2005 06:58 PM
   
my mother gave me a milestone of space exploration coin set to sell ...there are 24 $50 silver proof coins in this case..i need to know how much is this coin set worth..thanks joann ------------------
joann hein |
zee_aladdin
Member Posts: 781
From: California
Registered: Oct 2004
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posted 05-10-2005 11:43 AM
it is worth at least 50 x 24 = $1200.00 |
Spacepsycho
Member Posts: 818
From: Huntington Beach, Calif.
Registered: Aug 2004
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posted 05-10-2005 12:06 PM
Joanne,
Do you know who made these coins or is there a makers mark on them? What does the paperwork say who made these coins?Are they marked on the edge or reverse with a .925, .999 or Sterling mark or does the paperwork say the coins are silver?
If the coins are Marshall Island $50 proof coins that aren't silver, the set is worth about $25-30. If they're silver or sterling coins, figure about $6-8 a coin and if they are Franklin Mint coins from the 70's, then the set is worth about $300-400.
Anything out of the Marshall Islands is virtually worthless to collectors and they're made strictly for the QVC buyer who has more money than sense.
If you can send me pics, I'm happy to look at them for you. If these are worth $1200 to Zee, I'm sure he'd be happy to pay you $500 and I'd sell them in a heartbeat. Take care, Ray ------------------
"There are 2 things that are infinite, the Universe and man's stupidity, but I'm not so sure about the Universe". Einstein |
lunarrv15
Member Posts: 1355
From: Cincinnati, Ohio, Hamilton
Registered: Mar 2001
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posted 05-11-2005 10:21 AM
Anything out of the Marshall Islands is virtually worthless to collectors What'da you talking about Willis? so the four $5 dollar coins, postal covers, and bronze coins are worth what they are. Nada? |
Glint
Member Posts: 1040
From: New Windsor, Maryland USA
Registered: Jan 2004
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posted 05-11-2005 04:02 PM
quote:
Originally posted by jonyann01:
my mother gave me a milestone of space exploration coin set to sell ...there are 24 $50 silver proof coins in this case..i need to know how much is this coin set worth..thanks joann
Are they like these?
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=546&item=3973998776&rd=1
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zee_aladdin
Member Posts: 781
From: California
Registered: Oct 2004
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posted 05-11-2005 10:22 PM
$50 marshall island money =
$50.00 U.S. money. Therefore, $50 x 12 = $1200.00 U.S. DOLLARS |
Robert Pearlman
Editor Posts: 42988
From: Houston, TX
Registered: Nov 1999
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posted 05-11-2005 10:29 PM
You're assuming that these commemoratives are legal tender. My understanding is that the Marshall Islands, initially stung during the 1980s by so many trying to redeem the coins, has placed such harsh restrictions on their redemption that they are essentially not (legal tender). [This message has been edited by Robert Pearlman (edited May 11, 2005).] |
zee_aladdin
Member Posts: 781
From: California
Registered: Oct 2004
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posted 05-11-2005 10:36 PM
Robert,I thought they were still legal tender. But maybe my information is outdated. - Zee |
jonyann01
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posted 05-12-2005 05:49 AM
i guess my mom was taken for her money by the marshall islands..oh well...thanks guys for all your information..JoAnn |
Spacepsycho
Member Posts: 818
From: Huntington Beach, Calif.
Registered: Aug 2004
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posted 05-12-2005 10:47 AM
She's in a LONG line of others who thought the same thing. I think anything out of the Marshall Islands is a scam and unfortunately it feeds on people's ignorance.Ray ------------------
"There are 2 things that are infinite, the Universe and man's stupidity, but I'm not so sure about the Universe". Einstein |
Robert Pearlman
Editor Posts: 42988
From: Houston, TX
Registered: Nov 1999
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posted 05-12-2005 11:10 AM
I have several Marshall Island commemoratives in my collection and I'm happy to have them. If owners appreciate these coins for their designs rather than hope for a future return, then there is no injustice committed. As a general rule, with perhaps artwork as the largest general exception, if an item is created as a limited edition, commercially marketed collectible product, then its not likely its going to rise much in value over the years and will more likely be devalued by collectors. Its the items that were never meant to be collected or distributed to a very limited few that become the highly-prized rarities. |
Spacepsycho
Member Posts: 818
From: Huntington Beach, Calif.
Registered: Aug 2004
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posted 05-12-2005 11:34 AM
Robert,Point taken about appreciating the designs. My biggest complaint with the Marshall Islands issued coins is that they attach an intentionally false dollar value to their coins to lure in people who aren't familiar with these coins. It's preying on peoples ignorance and greed, but apparently it works pretty will considering how many sets are out there. Like Zee thinking these were worth $50 each, so many other people who don't know about the Marshall Islands issues, assign the same false value thinking that they're getting a great value. In fact just the opposite is true and these Marshall Island coins are worth a hair over their silver content. Even if you like the designs, you still want to have your collectibles retain some value, instead of being worth the metal they're minted with, which has been my experience with these Marshall Island coins. The question is, would people still pay retail money for these sets if the coins said "Not Legal Tender"? Then the buyer would know the coin isn't worth $50, as so many currently do. Ray ------------------
"There are 2 things that are infinite, the Universe and man's stupidity, but I'm not so sure about the Universe". Einstein |
jonyann01
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Registered:
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posted 05-12-2005 06:51 PM
The coins are beautiful...dont get me wrong...they have wonderful art work on them...space is a wonderful place..magical....i have a star out there with my name on it..marshall islands should not be able to take old people who do not know any better for their money on worthless things in hopes of passing on these things to their kids and grandkids...joann |
zee_aladdin
Member Posts: 781
From: California
Registered: Oct 2004
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posted 05-12-2005 07:11 PM
Well, after everything is said and done, the coins could worth their silver value, which is $7.00 (an ounce) x 24 coins =
$ 168.00 U.S. DOLLARSI hope this helps |
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