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(UPI)   Scrap dealer buys golden egg for $13,000 intending to sell it for scrap. meh: He couldn't find a buyer and holds onto it. Fark: googles the name "Vacheron Constantin" that was in it. Ultrafark: It's one of the missing Faberge eggs   (upi.com) divider line 114
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14718 clicks; posted to Main » on 19 Mar 2014 at 10:11 PM (27 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-03-19 08:30:22 PM
i.imgur.com

I know scrap dealers probably tend to see things in terms of the scrap value alone, but who in his right mind would consider melting down something that looks like this, or even selling it, without finding out what it is first?  I don't care if the scrap value is enough for a new doublewide.  It seems like something that would be worth looking into.  Maybe it's just me.
 
2014-03-19 08:38:30 PM
www.top10films.co.uk
 
2014-03-19 08:59:20 PM

Radak: [i.imgur.com image 232x306]

I know scrap dealers probably tend to see things in terms of the scrap value alone, but who in his right mind would consider melting down something that looks like this, or even selling it, without finding out what it is first?  I don't care if the scrap value is enough for a new doublewide.  It seems like something that would be worth looking into.  Maybe it's just me.


Is that a pic of the item in question or another?
 
2014-03-19 09:02:39 PM
that article makes no sense. he bought it to melt it down but held onto it for a decade? if he was going to melt it why did he need a buyer? that entire thing was just illogical bullshiat.
 
2014-03-19 09:07:17 PM

InterruptingQuirk: Is that a pic of the item in question or another?


That is the item in question.  That picture and various other photographs of the same egg accompany a bunch of other articles about this find.  Unbelievable that someone would a) consider melting that down or selling it without researching it and b) let it sit around on the kitchen counter for years like a knickknack.
 
2014-03-19 09:10:37 PM

Radak: InterruptingQuirk: Is that a pic of the item in question or another?

That is the item in question.  That picture and various other photographs of the same egg accompany a bunch of other articles about this find.  Unbelievable that someone would a) consider melting that down or selling it without researching it and b) let it sit around on the kitchen counter for years like a knickknack.


did you see any articles that made any sense?
 
2014-03-19 09:12:03 PM

Radak: InterruptingQuirk: Is that a pic of the item in question or another?

That is the item in question.  That picture and various other photographs of the same egg accompany a bunch of other articles about this find.  Unbelievable that someone would a) consider melting that down or selling it without researching it and b) let it sit around on the kitchen counter for years like a knickknack.


Cool, thanks. The link subby gave us didn't have any pics.(that I could see)
 
2014-03-19 09:21:51 PM
This one has a little bit more information and makes somewhat more sense.  Also includes a link to the article he found which told him it deserved a better home than sitting next to his salt and pepper shakers.
 
2014-03-19 09:32:03 PM

Radak: This one has a little bit more information and makes somewhat more sense.  Also includes a link to the article he found which told him it deserved a better home than sitting next to his salt and pepper shakers.


thats a little better, I still am not buying some flea market sold a 15k egg to someone buying on weight for scrap, who also was too lazy to weigh it and overestimated its gold content, then he proceeded to try to find a buyer but since he paid too much he just let it sit for 10 years rather than cutting his losses. then they are playing up this rags to riches poor folks find a treasure thing. poor folks don't buy 15k worth of gold on spec. gold is one of the easiest things in existance to price and no scrappers would sell to someone else to smelt like they are describing.
 
2014-03-19 09:44:16 PM

NickelP: Radak: This one has a little bit more information and makes somewhat more sense.  Also includes a link to the article he found which told him it deserved a better home than sitting next to his salt and pepper shakers.

thats a little better, I still am not buying some flea market sold a 15k egg to someone buying on weight for scrap, who also was too lazy to weigh it and overestimated its gold content, then he proceeded to try to find a buyer but since he paid too much he just let it sit for 10 years rather than cutting his losses. then they are playing up this rags to riches poor folks find a treasure thing. poor folks don't buy 15k worth of gold on spec. gold is one of the easiest things in existance to price and no scrappers would sell to someone else to smelt like they are describing.


Yeah I'm a little dubious as well. I can't believe that he didn't try to find out if it had an antiquities value before even thinking about scrapping it. If he was a scrap metal dealer maybe he never considered it. I'm doubtful...but whatever. It's still pretty cool whatever the reason.
 
2014-03-19 10:13:09 PM
Who cares about the egg. I want to goose that laid it.
 
2014-03-19 10:14:15 PM
How did it disappear? Do we expect "scrap dude has to hand over stolen egg" as a follow up?
 
2014-03-19 10:17:36 PM
This sounds like one of those stories where somebody stole this egg decades ago and sent some yokel off later to sell it. I'd be interested to know the provenance of the egg, because this story is ridiculous from all angles.
 
2014-03-19 10:18:23 PM

Tellingthem: NickelP: Radak: This one has a little bit more information and makes somewhat more sense.  Also includes a link to the article he found which told him it deserved a better home than sitting next to his salt and pepper shakers.

thats a little better, I still am not buying some flea market sold a 15k egg to someone buying on weight for scrap, who also was too lazy to weigh it and overestimated its gold content, then he proceeded to try to find a buyer but since he paid too much he just let it sit for 10 years rather than cutting his losses. then they are playing up this rags to riches poor folks find a treasure thing. poor folks don't buy 15k worth of gold on spec. gold is one of the easiest things in existance to price and no scrappers would sell to someone else to smelt like they are describing.

Yeah I'm a little dubious as well. I can't believe that he didn't try to find out if it had an antiquities value before even thinking about scrapping it. If he was a scrap metal dealer maybe he never considered it. I'm doubtful...but whatever. It's still pretty cool whatever the reason.


dnrtfa but offhand I can think of a couple of reasons that someone would want to downplay how much they knew about this thing before they bought it. The extent to which he took advantage of the seller, the degree to which he suspected it was stolen goods or otherwise iffy, recording it in a misleading way on the books, maybe some more personal/specific reasons since it sounds like he's had it around for a while...
 
2014-03-19 10:18:44 PM
American Roadshow:

"My Mom used to take care of an elderly woman who told her she loved her and could take anything she wanted from the house because she loved her for taking care of her an such."

"This is a jade diamond encrusted egg from the Russian dynasty"

"Oh, Mama."

"Anything else?"

"Well, some old man asked my Daddy if he would go on in and take down a dangerous vacant building he had and, if he a done it, could take whatever he wanted as a gift cause he showed such bravery in taken down this here abandoned building"

"Anything he wanted?"

"Yes'm"

"This is about 48 pounds of copper piping"

"Oh, Papa"
 
2014-03-19 10:19:39 PM

Radak: [i.imgur.com image 232x306]

I know scrap dealers probably tend to see things in terms of the scrap value alone, but who in his right mind would consider melting down something that looks like this, or even selling it, without finding out what it is first?  I don't care if the scrap value is enough for a new doublewide.  It seems like something that would be worth looking into.  Maybe it's just me.


Were you around for the threads about the people who discovered gold coins stolen from the mint 100 years ago? Farkers were suggesting melting them down for the raw gold in order to hide any connections to a crime. Never underestimate the destructive power of ignorance and greed.
 
2014-03-19 10:20:35 PM

KidneyStone: How did it disappear? Do we expect "scrap dude has to hand over stolen egg" as a follow up?


Only if descendants of the original owner show up. I know they have a few cousins in the UK, but I think the last daughter died a while back.
 
2014-03-19 10:21:08 PM

Radak: I know scrap dealers probably tend to see things in terms of the scrap value alone, but who in his right mind would consider melting down something that looks like this, or even selling it, without finding out what it is first?  I don't care if the scrap value is enough for a new doublewide.  It seems like something that would be worth looking into.  Maybe it's just me.


Only if you thought or knew it was stolen.....
 
2014-03-19 10:21:49 PM
The thing about golden egg-laying geese is that it, uh, it makes you greedy, and, uh, you kill the goose. Every time, everyone kills the goose, because they're greedy and stupid. I think that's the moral of the story - everyone is greedy and stupid.
 
2014-03-19 10:23:26 PM
I never found a Fabares, but I saw Mike Farrell at a restaurant once.

CSB

www1.pictures.zimbio.com
 
2014-03-19 10:23:26 PM

Hector Remarkable: The thing about golden egg-laying geese is that it, uh, it makes you greedy, and, uh, you kill the goose. Every time, everyone kills the goose, because they're greedy and stupid. I think that's the moral of the story - everyone is greedy and stupid.


That or Veruca Salt gets sorted as a bad egg and that German kid clogs the choco-tubes.
 
2014-03-19 10:24:26 PM
 
2014-03-19 10:26:39 PM

KidneyStone: How did it disappear? Do we expect "scrap dude has to hand over stolen egg" as a follow up?


It was last seen in public in March 1902, as part of an exhibition of Imperial treasures in St Petersburg.
Seized by the Bolsheviks, it was last recorded in Moscow in 1922 when the Soviets decided to sell it as part of their 'Treasures into Tractors' policy.

In 2011, Fabergé researchers found the first proof that the egg survived into the middle of the 20th century: a picture in a 1964 catalogue for Parke Bernet, the New York auction house later acquired by Sotheby's. It was described as a "Gold Watch in Egg-Form Case" and sold for £875 to a female buyer from the Deep South.

She died in the early 2000s, and her estate sold off. The egg, not believed to be of great value, found its way to the bric-a-brac market.
Mr McCarthy said: "This should give hope to every antiques enthusiast out there. There are great treasures still to be found."
 
2014-03-19 10:27:17 PM

NickelP: that article makes no sense. he bought it to melt it down but held onto it for a decade? if he was going to melt it why did he need a buyer? that entire thing was just illogical bullshiat.


No what doesn't make sense is that an antiques dealer didn't know that they had the holy grail of antiques and sold it for 13000.
 
2014-03-19 10:29:50 PM
Yes, your honor, I do intend to stick with this story.
 
2014-03-19 10:31:47 PM
yeah I wonder if he met with the british guy hoping to sell it directly to him and that kind of fell apart. what is so special about that guy that the owner flew to the uk to meet him in person having never known him before?

he almost had to think this was stolen but he could sell well above scrap on the black market.

also some blue collar dude living next to a dunken donuts does not keep 15k in gold on his bookshelf.
 
2014-03-19 10:32:12 PM
i.imgur.com

oops
 
2014-03-19 10:32:18 PM
Coo coo kachoo

4.bp.blogspot.com
 
2014-03-19 10:34:38 PM

ongbok: NickelP: that article makes no sense. he bought it to melt it down but held onto it for a decade? if he was going to melt it why did he need a buyer? that entire thing was just illogical bullshiat.

No what doesn't make sense is that an antiques dealer didn't know that they had the holy grail of antiques and sold it for 13000.


That's the thing I don't get. if the scrap guy got it as part of a $10 box, I'd be more inclined to believe him. 13 grand is sizeable enough that someone knew enough to justify a five digit price tag.
 
2014-03-19 10:36:28 PM
freepatriot.org

Those things used to be really popular about 100 years ago, but now not too many people want one, so it is going to take up space in my shop for a long time. Best I can do is $20
 
2014-03-19 10:36:36 PM

Monkeyfark Ridiculous: Tellingthem: NickelP: Radak: This one has a little bit more information and makes somewhat more sense.  Also includes a link to the article he found which told him it deserved a better home than sitting next to his salt and pepper shakers.

thats a little better, I still am not buying some flea market sold a 15k egg to someone buying on weight for scrap, who also was too lazy to weigh it and overestimated its gold content, then he proceeded to try to find a buyer but since he paid too much he just let it sit for 10 years rather than cutting his losses. then they are playing up this rags to riches poor folks find a treasure thing. poor folks don't buy 15k worth of gold on spec. gold is one of the easiest things in existance to price and no scrappers would sell to someone else to smelt like they are describing.

Yeah I'm a little dubious as well. I can't believe that he didn't try to find out if it had an antiquities value before even thinking about scrapping it. If he was a scrap metal dealer maybe he never considered it. I'm doubtful...but whatever. It's still pretty cool whatever the reason.

dnrtfa but offhand I can think of a couple of reasons that someone would want to downplay how much they knew about this thing before they bought it. The extent to which he took advantage of the seller, the degree to which he suspected it was stolen goods or otherwise iffy, recording it in a misleading way on the books, maybe some more personal/specific reasons since it sounds like he's had it around for a while...


that may make sense if he were buying it for collectable value. for scrap? gold is worth say 1 per ounce. the smelter pays .96. for dudes time he needs something so he will buy at .93 but maybe offers .85 to try to negotiate. no where in this is he going to drop 15k without tossing it on a scale and his bargaining pitch is 'its scrap, let me weigh it and I will give you a price'. no where in that arrangement does he need to find a buyer or hold it for ten years.
 
2014-03-19 10:37:10 PM

Radak: I know scrap dealers probably tend to see things in terms of the scrap value alone, but who in his right mind would consider melting down something that looks like this, or even selling it, without finding out what it is first? I don't care if the scrap value is enough for a new doublewide. It seems like something that would be worth looking into. Maybe it's just me.


First off, this! The thing is supposedly one of the great treasures of art and craft, and the guy wants to melt it down?

Secondly, he's all like "I'm just humble folks", but he purchases something for 13,000 dollars (which means he thinks it's worth more than that---otherwise he'd just hang on to his dollars) and then doesn't even investigate it? Or even if he is going to melt it down---doesn't do that either? Sorry, I don't know many "humble folks" that can just toss that kind of cash out the window.
 
2014-03-19 10:39:45 PM
the other theory here, outside of it being stolen, is its a fake since it sounds like it is being verified based on very old pictures.

another i'll toss out is it is real and owned by someone rather wealthy who doesn't want to be identified. he approached the guy in london and they fabricated this entire story to make as big a media splash as possible and drive up the value by adding more 'history' to it.
 
2014-03-19 10:39:48 PM
Yes - what a change, from being rich enough to buy bric-a-brac and golden sniglets to melt for spec @ 15K a pop - to now, rich as thieves!
 
2014-03-19 10:40:06 PM

Johnson: She died in the early 2000s, and her estate sold off. The egg, not believed to be of great value, found its way to the bric-a-brac market.


So the guardian of the estate "knew a guy" who would "probably pay a lot for something like this" and cut the family in for $13,000. I wonder how much he pocketed.
 
2014-03-19 10:44:15 PM

baorao: Johnson: She died in the early 2000s, and her estate sold off. The egg, not believed to be of great value, found its way to the bric-a-brac market.

So the guardian of the estate "knew a guy" who would "probably pay a lot for something like this" and cut the family in for $13,000. I wonder how much he pocketed.


The guardian of the state was a crack head and sold it for about $100 worth of crack.
 
2014-03-19 10:44:46 PM
He found an actual original Vacheron Constantin? Talk about amazing luck. That is the oldest watch maker still in existence. Almost 260 years old at this point. Good for him!
 
2014-03-19 10:45:24 PM
...and the chocolate in it was super-stale, too.
 
2014-03-19 10:45:25 PM
Hehe, this whole story sounds like part of the next season of Justified.
 
2014-03-19 10:45:49 PM

taxandspend: proteus_b: Radak: I know scrap dealers probably tend to see things in terms of the scrap value alone, but who in his right mind would consider melting down something that looks like this, or even selling it, without finding out what it is first? I don't care if the scrap value is enough for a new doublewide. It seems like something that would be worth looking into. Maybe it's just me.

First off, this! The thing is supposedly one of the great treasures of art and craft, and the guy wants to melt it down?

Secondly, he's all like "I'm just humble folks", but he purchases something for 13,000 dollars (which means he thinks it's worth more than that---otherwise he'd just hang on to his dollars) and then doesn't even investigate it? Or even if he is going to melt it down---doesn't do that either? Sorry, I don't know many "humble folks" that can just toss that kind of cash out the window.

But his world is a world of pick-up trucks and diners... and $13,000 golden eggs. You know, real blue-collar America.


hulshofschmidt.files.wordpress.com
 
2014-03-19 10:46:55 PM
Well, 10 years ago, Gold was selling for about $400/oz.  Assuming that thing weighs more than 2 pounds, he probably assumed that he could sell for a bit more than he paid, depending on how much Gold was really in it. That was at the start of the run up of Gold to 1800/oz, so if he saw prices rising just about every day he probably figured that he would just hang on and wait. Now Gold is back down to about 1300/oz, so he was probably taking another look at it to sell.  Seems plausable.
 
2014-03-19 10:48:28 PM
What antique dealer, jeweller or collector doesn't immediately recognize the name Vacheron Constantin?
 
2014-03-19 10:58:25 PM

robertus: taxandspend: proteus_b: Radak: I know scrap dealers probably tend to see things in terms of the scrap value alone, but who in his right mind would consider melting down something that looks like this, or even selling it, without finding out what it is first? I don't care if the scrap value is enough for a new doublewide. It seems like something that would be worth looking into. Maybe it's just me.

First off, this! The thing is supposedly one of the great treasures of art and craft, and the guy wants to melt it down?

Secondly, he's all like "I'm just humble folks", but he purchases something for 13,000 dollars (which means he thinks it's worth more than that---otherwise he'd just hang on to his dollars) and then doesn't even investigate it? Or even if he is going to melt it down---doesn't do that either? Sorry, I don't know many "humble folks" that can just toss that kind of cash out the window.

But his world is a world of pick-up trucks and diners... and $13,000 golden eggs. You know, real blue-collar America.

[hulshofschmidt.files.wordpress.com image 620x412]


Since you HAD to make it political for no damn reason..
George Soros, of Progressive Insurance, makes 1.9 million...per hour. 126,000 times what he pays his CSRs (and his CSRs start at a pretty good wage for the skillset.) We REALLY need to do something about that old income inequality, don't we.
 
2014-03-19 10:58:30 PM

KarmicDisaster: .  Assuming that thing weighs more than 2 pounds,


Assuming you're maybe functionally retarded
 
2014-03-19 11:04:04 PM

rebelyell2006: Were you around for the threads about the people who discovered gold coins stolen from the mint 100 years ago? Farkers were suggesting melting them down for the raw gold in order to hide any connections to a crime. Never underestimate the destructive power of ignorance and greed.


Were you around when the mint confiscated ~$75 million worth of gold coins on the suspicion that they might have been stolen?
 
2014-03-19 11:05:23 PM
It's the Russian's hand, no doubt about it.
2.bp.blogspot.com
 
2014-03-19 11:08:09 PM

rebelyell2006: Radak: [i.imgur.com image 232x306]

I know scrap dealers probably tend to see things in terms of the scrap value alone, but who in his right mind would consider melting down something that looks like this, or even selling it, without finding out what it is first?  I don't care if the scrap value is enough for a new doublewide.  It seems like something that would be worth looking into.  Maybe it's just me.

Were you around for the threads about the people who discovered gold coins stolen from the mint 100 years ago? Farkers were suggesting melting them down for the raw gold in order to hide any connections to a crime. Never underestimate the destructive power of ignorance and greed.


Id rather melt down (insert most precious art item made of gold) than let the government take it from me at bayonet point and me get nothing for it.
 
2014-03-19 11:17:03 PM

MNguy: KarmicDisaster: .  Assuming that thing weighs more than 2 pounds,

Assuming you're maybe functionally retarded


Well, it depends on the size. Here they site another one of the eggs as being 3x5 inches.
http://en.wikipedia.org/wiki/Gatchina_Palace_%28Faberg%C3%A9_egg%29
so they are lot bigger than a regular egg. Don't know about this new one. Gold is heavy, 19.3 g/cubic cm
Assuming a sphere with diameter of 4 inches, the volume would be about 523 cubic cm. That would weigh 10 Kg, or about 22 pounds if solid Gold. Obviously the egg isn't anywhere near solid solid, but with the base shown there could certainly be at least 2 pounds of Gold in it, which at the time was worth $12800.
 
2014-03-19 11:17:57 PM

Oldiron_79: rebelyell2006: Radak: [i.imgur.com image 232x306]

I know scrap dealers probably tend to see things in terms of the scrap value alone, but who in his right mind would consider melting down something that looks like this, or even selling it, without finding out what it is first?  I don't care if the scrap value is enough for a new doublewide.  It seems like something that would be worth looking into.  Maybe it's just me.

Were you around for the threads about the people who discovered gold coins stolen from the mint 100 years ago? Farkers were suggesting melting them down for the raw gold in order to hide any connections to a crime. Never underestimate the destructive power of ignorance and greed.

Id rather melt down (insert most precious art item made of gold) than let the government take it from me at bayonet point and me get nothing for it.


in the situation he is referring to they would get at worst a 25% or so finders fee, which was millions. the scrap value was a tiny fraction of that. keep in mind the coins were literally stolen in a robery of a us mint. so yeah you would be an idiot to melt them and the government paying a pretty hefty finders fee for recovering stuff stolen from them isn't exactly paying nothing and confiscating goods at bayonet point.
 
2014-03-19 11:18:15 PM
img1.wikia.nocookie.net
 
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