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'Pawn Stars' store melts down $50K in gold coins
UPI ^
| March 14, 2014
| Danielle Haynes
Posted on 03/14/2014 6:16:29 AM PDT by ConservativeStatement
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To: latina4dubya
21
posted on
03/14/2014 6:38:13 AM PDT
by
Responsibility2nd
(NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
To: DoodleDawg
I wish someone would start a Pawn Stars Channel. Then maybe theyd put some history shows on it.
The Travel Channel has become almost exclusively food shows and the Military Channel has been hijacked too ... more shows about religion, ancient Egypt, etc. WTF?
22
posted on
03/14/2014 6:41:06 AM PDT
by
oh8eleven
(RVN '67-'68)
To: Responsibility2nd
But to a pawn shop?
Its just scrap metal.
precisely and it's just that, the daughter/father needs to talk.
LEOs/DAs are "involved"..the Richardsons are "clean" on this.
hopefully, "Dirty" Reid won't hear of this and demand his "share".
23
posted on
03/14/2014 6:42:17 AM PDT
by
skinkinthegrass
(The end move in politics is always to pick up a gun..0'Caligula / 0'Reid / 0'Pelosi)
To: 2banana
Unless you're trying to hide something. Unless he had his collection professionally appraised, the victim of the theft can claim anything he likes about the supposed value of the coins. After the fact, common gold coins in beat-up condition (with no numismatic value at all) can suddenly and magically be transformed into rare ones in mint condition.
24
posted on
03/14/2014 6:42:44 AM PDT
by
Bob
To: ConservativeStatement
Their McReality show is a fraud anyway so why should something that looks shady be a big shock?
25
posted on
03/14/2014 6:43:15 AM PDT
by
Orangedog
(An optimist is someone who tells you to 'cheer up' when things are going his way)
To: Mich Patriot
The recent story of the family that found $10M in coins on its property confirms your post. Everyone thought the couple was stupid to report the find... We later learned they had the coins for one year before the find became public. They were probably appraising the coins to determine value. If the coins were “scrape”, then they would have been quietly melted and sold. But it turned out the coins were very rare and worth more as antiquity. Thus the publicity even though they will pay much more in taxes....
To: 2banana
LOL! People in Cali who find a bunch of them in old rusty cans. Would have been my guess. ;>}
27
posted on
03/14/2014 6:45:15 AM PDT
by
rktman
(Ethnicity: Redneck. Race: Daytona 500)
To: ConservativeStatement
It would depend on what sort of coins they were.
If they are the bullion coins currently being minted and sold since 1986, then their value is essentially the gold alone. Same for silver bullion coins and bars.
If they are the coins once used and circulated as currency, their value is both their metal content and their numismatic value based on the year minted and their condition.
28
posted on
03/14/2014 6:47:17 AM PDT
by
GBA
(Here in the Matrix, life is but a dream.)
To: 2banana
Who melts down valuable old gold coins just for their gold?When talking about the $10,000,000 gold coin find in California, many Freepers were suggesting they should melt down the coins so they could avoid taxes. Of course the melt value was $50,000 or so, and they would have cleared $6,000,000 after taxes. In this case I believe Rick, the family is conservative and I think that they try to avoid the typical pawn shop sleaze.
29
posted on
03/14/2014 6:50:17 AM PDT
by
sharkhawk
(Mr Gorbachev, tear down this wall.)
To: ConservativeStatement
The gold coin was a 1903 $20, the rest were 1880's silver coins.
IIRC, the expert ID'd the gold coin as an Omega Man fake.
30
posted on
03/14/2014 6:51:31 AM PDT
by
PeaceBeWithYou
(De Oppresso Liber! (50 million and counting in Afghanistan and Iraq))
To: Bob
Unless he had his collection professionally appraised, the victim of the theft can claim anything he likes about the supposed value of the coins. He may have been going on "insurance value" which is generally far higher than real market value.
31
posted on
03/14/2014 6:52:05 AM PDT
by
Fresh Wind
(The last remnants of the Old Republic have been swept away.)
To: ConservativeStatement
oops...
32
posted on
03/14/2014 6:53:08 AM PDT
by
Hatteras
To: DoodleDawg
Chuck Grassley feels the same way:
33
posted on
03/14/2014 6:53:39 AM PDT
by
rightwingintelligentsia
(Democrats: The perfect party for the helpless and stupid, and those who would rule over them.)
To: ConservativeStatement
From the article it appears the coins were brought in at different times. It also appears like all the coins may not have been melted down. Evidently they didn’t trust the grader. The uncle probably bought these things over priced.
34
posted on
03/14/2014 7:01:00 AM PDT
by
Starstruck
(If my reply offends, you probably don't understand sarcasm or criticism...or do.)
To: mmichaels1970
O no! You mean The “History Channel” might have to drop “Tales of the Occult” or some of the other hosshiite that has caused it to lose respect among anyone who went beyond 3rd Grade?
35
posted on
03/14/2014 7:02:00 AM PDT
by
Kenny Bunk
( The Republican Party is in Hospice Care. Hold all contributions.)
To: ConservativeStatement
Anyone that pawns ANYTHING at that store is an idiot.
And the store owners are COUNTING on idiots desperate for a few bucks which is why they placed their pawn shop right in the ghetto not far from the casinos.
36
posted on
03/14/2014 7:02:05 AM PDT
by
TexasFreeper2009
(Obama lied .. the economy died.)
To: ConservativeStatement
History Channel? Must be aliens.
37
posted on
03/14/2014 7:04:03 AM PDT
by
Darren McCarty
(Abortion - legalized murder for convenience)
To: Fresh Wind
He may have been going on "insurance value" which is generally far higher than real market value. He probably bought them from the Franklin Mint which consistently overvalues the worth of the crap they sell.
To: 2banana
If the show is to be believed,(and therein lies the rub), Harrison bought an old Lincoln that the guy wanted 100,000 for.
They agreed on 90,000 if the shop paid him in gold. Harrison gave him 60 one ounce gold coins for the car as the price of gold that day was 1,500 per ounce. So, in that instance, Harrison figured that the coins were only worth their spot gold value.
To: DoodleDawg
I wish someone would start a Pawn Stars Channel. Then maybe theyd put some history shows on it. Amen.
40
posted on
03/14/2014 7:24:38 AM PDT
by
Colonel_Flagg
(Some people meet their heroes. I raised mine. Go Army.)
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