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Now browsing: Hometown News > News > St. Lucie County

Rare coin worth thousands
Rating: 2.46 / 5 (13 votes)  
Posted: 2013 Nov 22 - 06:57

For Hometown News

PORT ST. LUCIE - Local coin-dealer and jewelry store St. Lucie Jewelry & Coins, owned by Hawk Levy, recently helped discover treasure on the Treasure Coast.

While evaluating the collectibles left to a Port St. Lucie woman from her mother's estate, Tara Henderson, a St. Lucie Jewelry & Coins employee, found a rare Morgan silver dollar in circulated condition. Her sharp eye identified the coin as a true rarity, seldom seen, when others evaluated the coin as a common Morgan silver dollar.

"As many fakes and forgeries exist in the coin collectible marketplace, we are always a skeptical when something like this discovery takes place," said Ms. Henderson. "She was aware of the proliferation of counterfeits, and altered silver dollars; but she also knew the significance if this rare coin was authentic."

After further review, the coin was sent to a Professional Coin Grading Service for additional evaluation.

"I explained to the client that it could either come back worth 100 bucks, or much, MUCH more," said Mr. Levy. The coin was returned graded and was valued at much more. At auction, it is estimated to have a value of $30,000-$35,000.

While not wishing to be identified, the woman who inherited this rare coin has extremely high praise for Saint Lucie Jewelry and Coins for their painstaking work on validating the coin's authenticity and for their honesty in pointing out the coin's value.

This coin belonged to a daughter of immigrants, a New York transplant to the Port St. Lucie area. She was the first of her family born on American soil, and the first American child. So, this coin was valuable in many different ways.

"My parents would be very pleased be that the glimmer of a better future in the coins they saved are now a glimmer of a better future for their daughters," the anonymous coin owner said.

While the preliminary estimate is of an auction value of up to $35,000, the actual value is in the eye of the collector.

"We are just extremely happy to have helped our customer discover this family treasure," said Mr. Levy. "We take great pride in our honesty and integrity and treat every customer with respect. In this particular case, our customer will be thousands of dollars richer and have even more precious memories of her parents because we went the extra mile to help. That's simply the way we do business and why we encourage Treasure Coast residents to put their trust in our integrity."

St. Lucie Jewelry and Coins provides free verbal appraisals on all items, this always assures an accurate value when selling unwanted valuables.

For more information, call (772) 337-4700, or visit www.stluciejewelry.com.

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