Dealer Jeff Garrett recently made an appearance on Pawn Stars, as described in this article from The Sun.
-Editor
A FEW unique aspects of jewelry set with gold coins has made it worth hundreds of thousands of dollars.
The set's owner, Jeff, recently brought it in for evaluation by the Pawn Stars, who quickly discovered its jaw-dropping worth.
Jeff, an avid coin collector who'd brought in several pieces to the shop before, met with Pawn Stars' Corey Harrison in the Season 22 episode.
"I've got something that I think is pretty magnificent," he teased.
The coin collector revealed the piece in a velvet box — two necklaces from the early 1900s with 33 "ancient" gold coins.
Underneath it was even more jewelry featuring the coins.
In total Jeff's box included two necklaces, earrings, hairpins, and a single bracelet made of the gold coins.
The set was crafted by Emile Froment-Meurice, a famous french jeweler and designer from the late 1800s.
It was even shown off at the 1900 Paris World's Fair as one of Froment-Meurice's most adored jewelry.
The 33 gold coins in the set featured legendary Roman leaders like Marcus Aurelius and even Alexander the Great, former King of Macedonia.
Jeff, an expert in his own right, told Corey that the gold coins attached in the set were each worth between $5,000 to $20,000.
He'd purchased it at a charity auction a few years back, and estimated it to be worth around $250,000 today.
David Vagi also made an appearance in the episode
-Editor
Corey told Jeff he was "speechless" at the sight of the set, as it was something that he'd read about before and couldn't believe he was now seeing in real life.
Still, he wasn't quite ready for hand over a quarter of a million dollars to Jeff without a second opinion from ancient coin expert David Vagi.
Vagi immediately noted that he was at the auction where Jeff bought it, and called the set "astonishing" because of two factors — that it remained intact for over 120 years, and that it featured historical figures that everyone knows.
After further evaluation, Vagi also concluded that it was worth about $250,000, just as Jeff predicted.
Corey offered $200,000, a $50,000 deduction from the evaluation, but Jeff wouldn't budge.
To read the complete article, see:
COINING IT My jewelry set has 33 gold coins attached – Pawn Stars expert says two ‘astonishing' factors make it worth $250k
(https://www.the-sun.com/money/12264688/jewelry-set-gold-coins-pawn-stars-astonishing-factors/)
As it happens, I was present at the charity auction as well - it was the 2018 American Numismatic Society Gala. Here's what I published in my Numismatic Diary that week.
-Editor
The ANS Annual Gala Dinner raised more than $210,000 for its research, publications and various programs. This includes $10,110 raised through its live auction, called by Melissa Karstedt of Stack's Bowers Galleries. The eleven items included coins donated by Heritage Auctions, medals, wine, books, and other items donated by ANS members and Trustees, as well as a signed copy of Early Greek Coins from the Collection of Jonathan P. Rosen donated by Jonathan Rosen.
An unexpected surprise was the auction of a spectacular intricate gold necklace and jewelry ensemble on display from the Stack Family. The ensemble is made of ancient Greek and Roman coins, crafted by the premier 19th century French goldsmith-jeweler dynasty, the family Froment-Meurice. The ensemble has been in the Stack family for many years. Mr. Lawrence Stack promised to give whatever was raised over the reserve amount of $80,000 to the Society's $4 million Campaign to Endow the Chair of the Executive Director. This ensemble was on display at the Gala with the intention of letting people know it would be available through auction at a later date. However, some guests were so enthusiastic about the pieces that they insisted on bidding on it that night. Renowned Sotheby's auctioneer David Redden, who was attending the event, volunteered on the spot to handle the bidding. As a result of his spirited, and greatly appreciated, efforts, the necklace was purchased for $120,000, with $40,000 going to support the ANS campaign.
To read the earlier E-Sylum article, see:
2018 ANS GALA DINNER
(https://www.coinbooks.org/v21/esylum_v21n04a07.html)
Wayne Homren, Editor
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