CLNYC
I know 7 years olds who can Google
join:2006-01-16
New York, NY
 ·Verizon Online DSL
| reply to CLNYC
Re: Coin Dealers in NYC
Stern on W47th came through with the two coins I needed.
Unfortunately the price of gold shot up as the stock market became as volatile as it is and the coins were about 10% higher than the initial price I was looking at.
The jeweler who mounted the coins in the bezels I purchased said I did very well on the price of the coins I purchased. I am sure I could have negotiated a better price but since they made a strong effort to get the coins, and provided a fair price I just paid the price.
I would recommend Stern to anybody who is looking for a coin dealer.
--
THOSE WHO DENY FREEDOM TO OTHERS DERSERVE IT NOT FOR THEMSELVES. Lincoln
THE UNITY OF FREEDOM HAS NEVER RELIED ON UNIFORMITY OF OPINION. JFK |
|
HardwareGeek
join:2003-11-15
Brooklyn, NY
| reply to CLNYC
Glad you read the law, now be careful what you do with what you want to do.
As long as you don't drill holes, solder the coins together your ok.
I doubt even if you did drill holes in the coin they would give two craps but hey never know 10 years from now you piss someone in the gov off and they find this thread and try to get you for something silly like this. |
|
CLNYC
I know 7 years olds who can Google
join:2006-01-16
New York, NY
·Verizon Online DSL
2 edits | reply to HardwareGeek
said by HardwareGeek  :You know what since I am a nice guy I looked it up for you. It is illegal to make and sell coin jewelry I would share my source of info which is the US Government but since you aren't looking for legal advice I won't just thought I let ya know though. I can't imagine ShopNBC a huge corporate entity (as well as the other shopping networks and fine jewelers) would break the law on TV on a constant basis. The coin jewelry they are selling is a brand new 2008 coin. Look at the link in my post showing what they are selling.
They even include the box the coin came in from the US mint. I'll take my chances that the corporate attorneys at NBC know something about the law.
FYI. Here is the law.
Copying coins for jewelry purposes or altering them to create jewelry is legal according to Title 18 U.S.C., Section 331. This section provides criminal penalties for anyone who alters coins for jewelry purposes and represents them to be something other than jewelry.
Section 331 of Title 18 of the United States code provides criminal penalties for anyone who “fraudulently alters, defaces, mutilates impairs, diminishes, falsifies, scales, or lightens any of the coins coined at the Mints of the United States.” This statute means that you may be violating the law if you change the appearance of the coin and fraudulently represent it to be other than the altered coin that it is. As a matter of policy, the U.S. Mint does not promote coloring, plating or altering U.S. coinage: however, there are no sanctions against such activity absent fraudulent intent.
--
THOSE WHO DENY FREEDOM TO OTHERS DERSERVE IT NOT FOR THEMSELVES. Lincoln
THE UNITY OF FREEDOM HAS NEVER RELIED ON UNIFORMITY OF OPINION. JFK |
|
HardwareGeek
join:2003-11-15
Brooklyn, NY
1 edit | reply to CLNYC
You know what since I am a nice guy I looked it up for you.
It is illegal to make and sell coin jewelry
I would share my source of info which is the US Government but since you aren't looking for legal advice I won't just thought I let ya know though. |
|
HardwareGeek
join:2003-11-15
Brooklyn, NY
1 edit | reply to CLNYC
I didn't say it was illegal to sell it, I said its illegal to make it of coins in circulation. From my understanding coin jewlery that they sold is made of Mutilated coins that the tresurary department recycles. |
|
CLNYC
I know 7 years olds who can Google
join:2006-01-16
New York, NY
·Verizon Online DSL
| reply to HardwareGeek
It is not illegal to buy or sell coin jewelry. ShopNBC and the other shopping networks do it all the time. Proof is below. They are selling a brand new US coins as jewelry.
»www.shopnbc.com/14K_Gold_2008_1_···-_-N-_-N
I simply want to buy gold coins for children from the year they were born, mount them in a bezel and get a gold chains to hang them on.
I need information about where to find the coins not legal advice 
--
THOSE WHO DENY FREEDOM TO OTHERS DERSERVE IT NOT FOR THEMSELVES. Lincoln
THE UNITY OF FREEDOM HAS NEVER RELIED ON UNIFORMITY OF OPINION. JFK |
|
HardwareGeek
join:2003-11-15
Brooklyn, NY | reply to Mickeyme
From my understanding you can only use Mutilated coins for jewlery. Meaning the coin has to be damaged and out of circulation, and the tresurary is who decides to pull the coin from circulation and they are the ones that recycle them for jewlery. |
|
Mickeyme
You might be right, but, I don't care
Premium
join:2008-09-05
Carson City, NV | reply to CLNYC
I believe the only laws about coins are you can't make them nor melt them. |
|
KCrimson
Premium
join:2001-02-25
Brooklyn, NY | reply to HardwareGeek
He didn't say that by making it into jewelry he'd be defacing the coins. I could be wrong, but I think the law is against defacing the currency. There must be a way to mount a coin on a chain in some kind of holder without defacing the coin. |
|
HardwareGeek
join:2003-11-15
Brooklyn, NY | reply to CLNYC
You may not want to publicly say you want to turn the coins into Jewlery.
That is against the law and you can be fined if they feds wanted too. |
|
CLNYC
I know 7 years olds who can Google
join:2006-01-16
New York, NY
·Verizon Online DSL
| reply to Mickeyme
said by Mickeyme :You can start calling the ones on the top of the page and ask them if they have what you need. » www.google.com/search?sourceid=n···r+in+NYCIt is a federal offense to sell fake U.S. coins so I doubt any of them will rip you off except maybe for the price of them. When you buy gold in most of these stores you pay a commission on it. So make sure they give you a general idea of the price before you track all the way over to their store. They will likely tell you with the ups and downs of gold prices they can't quote a price, just say you want an idea of the cost and not the cost. I buy all my stuff off of Ebay. Thanks for the help. I tried all of the places listed before I posted. Most places deal in coins that are more collectible. I found a good dealer, Stern , on W47th but I am still need one more coin. I am hoping he can get it for me next week.
--
THOSE WHO DENY FREEDOM TO OTHERS DERSERVE IT NOT FOR THEMSELVES. Lincoln
THE UNITY OF FREEDOM HAS NEVER RELIED ON UNIFORMITY OF OPINION. JFK |
|
Mickeyme
You might be right, but, I don't care
Premium
join:2008-09-05
Carson City, NV
2 edits | reply to CLNYC
You can start calling the ones on the top of the page and ask them if they have what you need.
»www.google.com/search?sourceid=n···r+in+NYC
It is a federal offense to sell fake U.S. coins so I doubt any of them will rip you off except maybe for the price of them.
When you buy gold in most of these stores you pay a commission on it.
So make sure they give you a general idea of the price before you track all the way over to their store.
They will likely tell you with the ups and downs of gold prices they can't quote a price, just say you want an idea of the cost and not the cost.
I buy all my stuff off of Ebay. |
|
CLNYC
I know 7 years olds who can Google
join:2006-01-16
New York, NY
·Verizon Online DSL
| Can anybody recommend a coin dealer in NYC?
I am looking to buy some 1/10th ounce gold American Eagles. The coins will be made into jewelry so they don't need to be proofs or graded. I just need the coins to be from 1999 to present.
I am also looking for a 2002 platinum American Eagle but the price of platinum has changed so quickly no dealer wants to keep them in stock
Thanks in advance to anybody who can assist.
--
THOSE WHO DENY FREEDOM TO OTHERS DERSERVE IT NOT FOR THEMSELVES. Lincoln
THE UNITY OF FREEDOM HAS NEVER RELIED ON UNIFORMITY OF OPINION. JFK |
|
