My oldest daughter chases gold and precious metals by buying 40# bags of scrap jewelry. She has some regular contacts where she gets the bags. She's been doing it for years and actually finds old gold. I guess it's her version of scratch tickets. Here's a couple examples of hitting.
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Turkish gold coin, 8 gm. of .900 fine gold. We Google searched pic, kept saying locket. Took out of setting and emailed pic to auction house who ID'd it as a Turkish coin.
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The chain this was on weighed 20 gm. of 14K, so you can see her 'scratch tickets' do actually hit and she can make a buck sometimes.
She just got this in a 40# bag from Florida. Most of those bags is costume jewelry and old junk like this. Not exactly like this, but nonprecious metal scrap.
Look close at the organization.
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The 5 digit phone number is from the 1940's.
Ran a quick Google search, 1st hit.
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Died in '09 at 79 makes him 88 now, the dating of the medal fits. Or it could have been his father, no 'Jr.' on the medal. We theorize the wife recently died and it wound up in the scrap heap.
Hard to believe they carried engraved proof of their membership.