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Colorized and Gold plated Silver

PostPosted: Sat Oct 02, 2010 3:58 am
by slickeast
I went to a little coin/pawn shop yesterday and he had a colorized and gold plated ASE that I think he wanted $20 each for. I didn't buy them but I am gonna go back first thing Monday and get.

Can they be melted with other .999 or would the color and gold plating not be removable by skimming?

He also had some Peace dollars for $16 and $17. Gonna go get them also.

I didn't have much cash so I only bought a Morgan for $17 ( Can read Liberty on it ) and a Peace for $16.

Re: Colorized and Gold plated Silver

PostPosted: Sat Oct 02, 2010 4:57 am
by Market Harmony
The paint would just burn off, and for such a small piece, it would not matter. If for some reason there was a lot of extra material (paint, varnish, glue, etc) then a pre-clean would pay dividends. I once got in a large lot of knock-off SAEs that had a thick layer of varnish over paint on one side of the round. I don't know why anyone would do that, but it was a real pain getting that crap off before I melted them down.

The gold plating would not even show up on the assay unless the whole piece was thickly electroplated. But, from what I am assuming about the piece, whatever minuscule amount of gold that is on there will not affect a remelt. If it came into my shop, then I would not use it as raw material for the bullion, but I would use it to bring up the purity of low grade scrap... makes it easier to refine when the purity is higher (thus the larger discount to spot for war nickels and 40% Half Dollars)

Anyways, sounds like a nice little honey hole that you found there. Make sure you walk out heavier than you walked in. Get rid of that paper and get some real money :D

Re: Colorized and Gold plated Silver

PostPosted: Sat Oct 02, 2010 12:53 pm
by blackrabbit
At this point I would buy all that stuff as the seller must not be watching the price of silver.