“Bares for Rares”
Paid 40 marks – seller makes an incredible 17,750 percent profit
With “Bares for Rares” an old gold coin turns out to be a worthwhile investment. The piece once cost 40 D-Marks – today it is worth many times more.
“There we have a knockout”, says Horst Lichter when looking at the magnificent object: Gerhard Degenkolb from Norderstedt comes to “Bares für Rares” with an old gold coin. “My father got it from a business friend in the 70s,” explains the 70-year-old on the ZDF junk show. Since he owed him money, the price was a bargain at the time. “He paid 40 D-Marks.” Moderator Lichter suspects: “That wasn’t a bad deal at all.”
But in truth it is not a coin, but a medal. “The piece was never in circulation,” explains “Bares for Rares” expert Heide Rezepa-Zabel. The medal was minted on the occasion of the 300th birthday of Margrave Ludwig-Wilhelm von Baden in 1955. “It’s a 900 alloy, so heavy gold.” The edition of the medal was not rigid, but was placed on demand. Therefore, the exact number of pieces cannot be said.
“Bares for Rares” expert calculates the material value
Owner Degenkolb would like to have between 3500 and 4000 euros for his medal. That would correspond to a fabulous increase in value of 20,000 percent – measured against the 40 D-Marks that the father once paid. Expert Heide Rezepa-Zabel is by no means shocked. The material value of the gold alone would be 3377 euros. “The coin is being traded at five to ten percent more,” she says. Their price is between 3500 and 3700 euros.
In the dealer room, Julian Schmitz-Avila initially believes in a re-strike and gilding. When he hears the price of the material, he steps in with a bid of 3400 euros. Christian Vechtel raised it to 3500 euros, Schmitz-Avila added another 50 euros and was the highest bidder. “I hope I have enough money with me,” says the dealer from Bad Breisig. It’s just enough.
Seller Degenkolb is happy about the sale. The 20,000 percent profit that was aimed for was at least 17,750 percent. “I’m going home relaxed.”
Source: “Bares für Rares” from February 22nd, 2021. The junk show with Horst Lichter runs at 3:05 pm on ZDF and can be seen in advance in the media library.
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