24k Gold Plated Coins...virtually worthless?

[dirtragart-migration]

I've got a question regarding some gold plated coins that I've got posted on eBay: Are these proof sets actually less valuable than a regular proof set?

[jtryka]

They are altered coins, so I would say yes, they are worth less than an unaltered proof set.

[dirtragart-migration]

That's what I suspected...thank you for the information. I lowered the minimum to $1 per set, so we'll see if there's any takers.

 

[gmarguli]

They have no relation to a proof set as these are not proofs. They are business strikes.

 

Coin shops usually sell these sets for $6-$12.

[James_OldeTowne]

From a numismatist's perspective, these coins are damaged. But commercially, they are worth a small premium, with the packaging actually being worth more than the coins.

 

When I buy stuff like this, I pay about $2.

 

James

[dirtragart-migration]

Very interesting. Now I understand why the numismatist who purchased most of the collection passed on them. All things considered, I'm pretty pleased to have recieved high bids on the two items of $7.09 and $8.39 respectively.

 

Thanks again for the information.

[Coin]

I took 3 of the 24kt gold plated quarter sets I had gotten along the way as extra stuff tossed in to lots I've bought to the FUN show and gave them to dealers to give out to hometown kids when they got back to their shops . The dealers that got them were the ones that I had either purchased a fair deal from or sold coins to and all said that since they did not really sell these things , they had no problem giving them out to kids that come in to their shops as freebies .

I actually got a gold plated bicentennial quarter from an ebayer once when I emailed them about them forgeting to send me an auction win...I still have that one as a keeper as it looks cool to me .....I wish the mint made a real $10 gold coin with the drummer boy dude on it back then .