Old Pueblo Coin – Tucson, AZ Finest Coin Dealer

The Coin Geek

Estate Sale versus outright sale

A question we get frequently is if you should use an estate sale or sell items outright. The answer is there is a time and a place for both.

Estate Sale Pros:

  • Everything goes! This is the most important thing about an estate sale and it provides some insight into when you should have one.
  • Someone else does the work. When you are thinking of having an estate sale you are usually in the middle of an emotionally trying time. Having someone else do the work for you is a great relief.

Estate Sale Cons:

  • You lose control of pricing.  An estate seller is going to do all the pricing for you. Although the workload being off your shoulders is good, not being in control of certain items is not.
  • Things can sell for too little. Things that don’t sell quickly will have their price cut in half!
  • Costs about 1/3 of sale price.  It is well worth the commission price to sell hard to sell things at an estate sale, but you don’t want to lose 33% on items you can sell at 20% margins!

Selling Outright Pros:

  • You control the price. This gives you a chance to search the market place for fair pricing.
  • You can often work on smaller margins for items like: Gold, Silver, Coins, Jewelry, Watches.
  • You never sell things you don’t want to sell. Unlike an estate sale, if a price is too low, you can keep the item.

Selling Outright Cons:

  • There is more leg work. It takes time to sell your valuables.
  • You may end up keeping things that others don’t want to buy. (But at this point you can give them to the estate sale.)

So when should you sell outright and when should you have an estate sale? The question should be more of a ”what should you sell outright and what should you sell at an estate sale?”. Our advice : bring the following items, Gold, Silver, Coins, Currency, Jewelry, Flatware, Watches, Historical items to Old Pueblo Coin and get a FREE APPRAISAL.

The reason you should sell these items is because we see people every week who bought the above items at estate sales and then they bring them to Old Pueblo Coin (4255 E Speedway) to sell them. This means that it sold for less at the estate sale than what Old Pueblo Coin would pay for them (and then you pay the estate 33% on top of that!).

The other reason to sell these items is because they are the concentrations of value. You can sell an entire room full of furniture for a couple of thousand dollars, and yet you can have that much money in just a pocket full of gold jewelry!

Bringing your Coins, Gold, Silver, Jewelry, Flatware, Watches, and other Historical Items to Old Pueblo Coin is the most economical move you  can make. It keeps you in control, maximizes your return, and is FREE to get an appraisal. After that, you can have your estate sale!

Call (520) – 881 -7200.

Open M-F 9-5 and Saturdays 10-4.

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ikriki Sex indicator and egg tester QUACK item …. or is it!?

Some things in life , some products in life, you just have to see to believe! This is a great piece of QUACK medicine. It may be an even better piece of advertising. As you read the ”instructions” you will see what I mean. If you want to read the instructions just scroll down.

The item is called an ”ikriki’‘. This is onomatopoeia – or the sound of something that has been turned into a word. In english it would be ”cock a doodle do”. Although the item appears to be Japanese in origin, the ”ikriki” sound appears to be the closest to the German (In German it’s: kikeriki) sound or the Italian sound (Italian: chicchirichì (pron. kikkiriˈki)).  Or perhaps Spanish (In Spanish it’s: quiquiriquí).

The item itself is about two inches long and hangs on a string. It comes in a nice red box with a rooster on the front and the name ”ikriki”. It has the directions on the back of the box. In theory you hold the ”ikriki” still over an egg and it tells you if it is a hen or a rooster or neutral.  But if you read on you will see it gets really good with the claims on the instructions.

ikriki4

 

ikriki5ikrikiikriki2ikriki6ikriki3

Here are the Directions:

Apparatus is a scientific passtime for everybody.   Any animal, small or large, dead or alive, as well as their products, such as milk, butter , raw or boiled meat, etc can be tested with this apparatus. With objects, such as leather bags, pocket-books, gloves, mother of pearl, and bone-buttons, mussels, etc. It can be ascertained whether they come from masculine or feminin animals.

 

The apparatus is of great interest to scholars and zoologists to apply the same to butterflies, bugs, worms, vaterpillars, etc.

When digging up human or animal remnants such as bones, theeth , hair, feathers, etc. the apparatus will determine the sex.

With this apparatus various experiments can be managed. Lay a man or lady-photo upon a table and hold the apparatus there above so by man-photos pendeling motions and by lady photos circular ones will arise.

If holding the apparatus betwenn two fingers but not above the hand and calling the name of any acquainted person the a apparatus will pendel by male and circulate by a female one.

Also ghosts can be called to in naming a deceased one. In case a male person pendeling and a female one circulating motions will arise. 

So you may find various matters for much still lays hidden that can be discovered.

The effects of the egg-tester and dividing-rod are based on similar, secret magnetic influences.

See publications of Dr. Von Reichenbach and Dr. med. Voll on divining rods.”

Side two.

“Sex-indicator and egg-tester. 

The egg-tester is used for testing eggs before they are used for hatching. Place the egg upon the table, take the cord of the egg-tester between thumb and forefinger, rest your elbow upon the table and hold the apparatus about 5mm above the egg. In about 1/2 a minute pendeling motions will appear in case of a masculine egg, circular motions if feminine and none at all, if the egg is sterling, as shown b the illustrations. To test the effect of the apparatus, place your hand upon the table and hold the apparatus over the same as above described and the same motions will be observed.

The apparatus is indispensable for every household, as sterile eggs can be preserved much longer as others. 

Protected by patent-law! apparatus elegantix made and in fine case.”

 

 

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Depression Era Scrip

Scrip or Script is a medium of exchange that is produced in place of federal currency. It can be made by a municipality, a bank, a business or individual.  In the late 1920’s and mid 1930’s the use of scrip spread to many areas of the country as cash was scarce and banks were closing down. Below are photos of some Scrip from the City of Detroit dated June 10, 1933.

The notes were printed by the Columbian Printing Company. They have the look of currency, but are printed on a plain paper, unlike the fiber paper the US uses. These notes also had water marks that run vertically near the ends of the notes. US notes of that era do not have water marks.

Detroit Depression Scrip 1933

Detroit Depression Scrip 1933

The front of the notes have a serial number and have a seal on them referring to them as “Series A”. It is roughly the same size as a current Federal Reserve Note (you know, the currency we use now).

1933 Detroit Depression Scrip

1933 Detroit Depression Scrip

The moto of Detroit is printed on the note. The latin phrases read “SPERAMUS MELIORA””RESURGET CINERIBUS”.  This translates to “We hope for better things. It will arise from the ashes”. I’ve never seen a more prophetic motto! This motto was given to Detroit in 1805 after a fire destroyed much of the city.

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New Coin Competition

The US Mint is giving you a chance to design a coin! In 2018 they will release a Breast Cancer Awareness coin.

The application process is now through October 17th, 2016. The mint will pick from the ideas presented and then the design portion will begin.

The Breast Cancer Research Foundation is the benefactor of the program.  According to the mint website the gold coin will be ”pink”. This will be a first for a US coin.

You can find more information at the US Mint Website address below.

http://www.usmint.gov/competition/breast-cancer-awareness/

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Gold Standing Liberty Quarter

The US Mint came out with a gold version of the Mercury dime earlier this year to mark the 100 anniversary of the coin. The same will be true for both the Standing Liberty Quarter and the Walking Liberty half dollar.

There was a lot of hullabaloo about the way the mint sold the Mercury dime. It had a mintage of 125,000 pieces, but you could order up to 10. This caused a stir because it sold out in less than 45 minutes.  Many consumers were frustrated with the process.

According to the Mint Website the new Gold Quarter (set to be issued September 8, 2016) will have a mintage of 100,000 and a household limit of 1! Can you say ”knee-jerk reaction”.

I suppose the mint really wants people to have a shot at getting one…but only one! I think the mint may anger just as many people by having a limit of 1 per household. Many people I know want things in quantities of 2 or 3. Not necessarily 10, but enough to buy one for each kid, or one for them and one for their spouse. You get the idea.

With the dime many people with an entrepreneurial spirit bought 10 so they could sell some off and keep the rest. It will be interesting to see what happens with those people when it comes to the Gold Quarters. Will all those people avoid buying one – “how can I make money if I just get one?”, causing it to not sell out and causing the secondary market to be weak by having demand met at the day of issue? Or will it still sell out quickly (in a matter of hours – depending on how well the US mint website can handle the load).  In which case the dealers will quickly start issuing higher buy out prices to get  some for customers who were unable to get one?

It will be interesting to see if this 1 per household issue starts a new trend with the mint. If it causes the coin to not sell out then the mint just hurt themselves. That would be the egalitarian way, the American way…or wait…the French way of doing things!

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Arizona 1940’s Movie Script for Old Tucson Studio

arizonamovieOld Tucson Studios, located just west of the Tucson Mountain range, is known as a mecca for western movie buffs. Many famous movies and TV shows were made there. Columbia pictures actually built Old Tucson Studios. It is reported that it took 40 days to build the sets.  The studio was built in 1938 for the filming of the movie “Arizona“.  The movie has a 6.9 (out of 10) rating on imdb.com.

After filming was done the studio was open to the public in 1939. Old Tucson Script was issued for the occasion. The script came in four denominations – 25 cents, 50 cents, 1 dollar and 5 dollars. All four had the same format. They were printed on plain white paper that measured 5-3/4″ x 2-1/2″.  The front side (the side with the serial number) says “OLD TUCSON” 1860/1940. PROMISE TO PAY BEARER (denomination inside) with a different animal in the circle to the right of the note.  They are signed by ”Mayor Nick C Hall” and “Treasurer Donna Lewis”. All the notes have a different color scheme for each denomination. The reverse side has an image from the movie/Old Tucson, the denomination, and read “THIS SCRIPT ONLY VALID AT OLD TUCSON AND IS REDEEMABLE IN UNITED STATES COIN PRIOR TO NOVEMBER 19, 1940”.

The 25 cent note is in a purple-blue color and has a calf for the animal. The scene on the back appears to be a chapel with a flag in the middle of the scene.

OTscript25r

 

OTscript25

The 50 cent note has a brown under print on it and has a rooster for the animal. The scene on the reverse is “Phoebes’ Pie Shop”.

The 1 dollar note has a red under print. It has a stallion in the circle. The reverse has the US Post Office Old Tucson on it.

OTscripttwonotes

OTscripttwoback

The 5 dollar note is printed with yellow and has a lion on the right. The reverse has a street scene. The 5 dollar note has one difference to it versus the other notes. It says “REDEEMABLE ONLY IN GAMBLING CASINO”. This would indicate that one of the attractions on site was a ”casino”. It is unknown whether this was a curiosity shop or if it had any form of gambling inside.

 

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1970 Quarter on Canadian Quarter Error

There have been many news reports about 1970 US Quarters that are worth tens of thousands of dollars. The news reports show pictures that need lines drawn on them so you can see what they are trying to show you. Truth be told they are very hard to tell from a normal quarter.

Here is one quick trick to help you know if your coin is a quarter struck on a US planchet or a Canadian Planchet. As you can see in the picture below the US and Canadian quarters are the same size and measurements. But if you look at the second picture you will find that the EDGE of the coins look very different. That is because the US coin has a ”sandwich” appearance, but the Canadian Coin has one color to it.

US quarter and Canadian Quarter.

US quarter and Canadian Quarter.

 

The bottom is the US quarter. The top the Canadian.

The bottom is the US quarter. The top the Canadian.

 

What this means for you is that if your coin has the sandwich copper look, it is NOT the error coin. If it looks like it is all one color then it possibly is on the wrong planchet.

 

 

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Feinsilber UV Protected Silver from Germany

feinsilberfeinsilberrevSome companies are getting clever with their anti-counterfieting techniques. The German Company Geiger Edelmetalle is producing bars that have many different techniques that no one else is using. First of all they are putting reeding on the bars instead of smooth edges. They also have high quality finishes to them and a security number on them. But what really stands out is that they are putting a special UV reflective stamp on the bars so under a ”blue” or ”black” UV light you can see it. Leave it to the Germans to produce silver you can enjoy at a rave!

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“LEV” mark in UV light.

 

Year Stamp in UV light.

Year Stamp in UV light.

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Scrap Gold Jewelry Purity Math

Gold jewelry comes in many different purities. These are often referred to as ”karats”.

The standard in Gold is 24 karat. This is pure gold, without imperfection or alloy. Gold is measured in Troy Ounces, so there is 31.103 grams in an ounce (we’ll use 31.1).  Any time you want to figure the purity of gold you divide the karat purity by 24. For example – 18k is 75% pure (18/24=.750). The chart below gives details to the rest of the normally seen purities.

These numbers will help you know how much gold you have in your jewelry and gold items. If you have other questions on gold just give us a call. We also buy gold jewelry by the karat weight. 520-881-7200.

Karat
Purity
Grams : Pure Ounce
 
Comments
24K 100% 31.10g This is pure gold!
22K 91.7% 33.91g Most Far East countries prefer 22-24K gold for jewelry.
21.6K 90% 34.56g

90% Gold Stamp on Ring.

Many coins are 90%. This karat weight is not usually used in jewelry…unless it is made from a coin!
18K 75% 41.47g

18k Gold Stamp

Often used in high end and custom jewelry.
14K 58.5% 53.16g

14k GOLD Stamp Back of Watch.

This is the most common karat weight for jewelry.
10K 41.6% 74.75g

10K Gold Ring Stamp.

In the US 10K is becoming the most commonly used weight as many jewelry stores try to lower their costs.
9K 37.5% 82.93g Scarcely seen. Mostly in 19th century Western Europe and UK.
8k 33.3% 93.3g Sometimes used in 19th century Mexico and UK.

 

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Grading Tips – Starting Point

There are a lot of books on grading coins, and many are useful for understanding and identifying the condition of your coins. But most of these books focus on US coins. So what do you do when you have foreign coins? The first thing to know is what the coin looked like when it was first struck. You can not tell how worn a coin is if you have no idea what it looked like brand new. We see this often with people who come in the shop (non-collectors) and they have a coin in G-4 condition but they think it is ”nearly new”, or ”almost uncirculated”. Each coin starts off a bit different and it is helpful to understand the starting point for the coin so you can determine how much wear or contact is on the coin.

Some of the coin books, especially on silver dollars, go into detail on how much detail the coin had to start. Some issues have very soft strikes or had very worn down dies so that the detail was already flat when the coin was struck. All this needs to be taken into account when grading a coin. Many 17th and 18th century coins have either unusual planchets or worn dies. This means you can have a coin with very little detail and still be a very high grade.

So as you learn your coins take note of the starting points on the coins you are collecting.

 

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