Old Pueblo Coin – Tucson, AZ Finest Coin Dealer

The Coin Geek

Coin of the Week June 6, 2017

The US Mint recently released a new ”High Relief” $100 gold coin. This coin is one ounce of .999 gold and is produced at the West Point mint. It celebrates the 225th anniversary of the United States Mint.  This coin is the first US coin to depict an African American woman on it. The reverse has a brilliant Eagle in flight. It is struck in proof condition.

The mint has limited production to 100,000 pieces. The mint is currently selling this coin for $1690. Our price is $1600. Only one available.

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Coin of the Week 5/8/17

This week we feature a rare “Trime”, which is a nickname for the 3 cent silver coins produced by the US mint from 1851-1873.  This piece is an 1869 Graded by PCGS Proof 64 Cameo. The original mintage for this coin is only 600 pieces.  The survival rate is low on these coins and many are not very attractive. We are pleased to offer this piece for $1550.

1869 Proof 64

 

520-881-7200

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2017 Silver Marlin Cayman Islands

The Cayman Islands has my vote for the Coin of the Year (COTY) – at least for the first quarter of the year. These coins have fantastic security devices by way of fine lines that go around the peripheral of the coin. But instead of having circular lines they form waves. The background behind the queen looks like rippling water and the Marlin on the other side looks like it is jumping off the coin! They are 1 ounce of solid silver .999 and dated 2017.

 

2017 Silver Marlin

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Gold Jewelry Recycle – Repurpose

One of the nice things about the element known as gold is its versatility. Another nice thing is that gold is recyclable and reusable. When you have gold scrap to sell, (Scrap is a term for old gold earrings, rings, watches, chains, necklaces that are used) you can bring them to Old Pueblo Coin where they will get recycled. But unlike most recycling that costs you money, this form or recycling pays you money for your old jewelry and gold items. Most of these items get repurposed into new jewelry, bullion or electronics.

Look for the small gold marks of 10k (.417), 14k (.585), 18k (.750) on your jewelry. Sometimes it is hard to see. If you see marks like ”AVON” or “KREMENTZ”, or “HGE” it is most likely plated gold and not real gold.

10K Gold Ring Stamp.

14k GOLD Stamp Back of Watch.

18k Gold Stamp

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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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