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 Replies: 20 / Views: 2,589 |
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Moderator
 United States
189673 Posts |
Quote:
Hard to believe this is a fake (#47 from the article). They say many of the coins were made in the 60s & 70s and are still making the rounds. I do not know gold, so it probably would have fooled me.  |
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Pillar of the Community
United States
655 Posts |
I've looked at many gold Eagles, jbuck, and it still fooled me! The diagnostic is a tiny tool mark over the bottom "R", btw.
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Rest in Peace
United States
17900 Posts |
Article was reported in the latest issue of The Numismatist which just arrived yesterday.
So it looks like you need the hand of a saint to bless any Indian Quarter Eagle purchase, with the half eagle not far behind.
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Bedrock of the Community
United States
94367 Posts |
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Pillar of the Community
United States
4883 Posts |
Outstanding list, thanks for drawing attention to it. I particularly like that every entry has a "Read more" link that provides diagnostic tips.
Colligo ergo sum
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Bedrock of the Community
United States
20753 Posts |
Good information. Shows you how hard those Chinese work.
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Bedrock of the Community
13014 Posts |
There's a reason why a lot of people say to only buy graded gold if you aren't a specialist
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Moderator
United States
189673 Posts |
I just skip the gold altogether.  |
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Bedrock of the Community
United States
11951 Posts |
Very interesting list, one I will have to study further. Also a very scary list ... I have about 20 of those coins ..l  |
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Pillar of the Community
United States
719 Posts |
Excellent read, OP, thanks -- and glad I do not collect gold either.
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Pillar of the Community
United States
655 Posts |
Don't get too scared. Don't forget the list was compiled by NGC so they have a vested interest in scaring us.
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Pillar of the Community
United States
4233 Posts |
I think this may have made the rounds before (I recall being amazed at the number of Indian gold fakes). This caught my attention this time around (#22): Quote:
The 1927 Saint-Gaudens Double Eagle is the most commonly counterfeited double eagle, according to submissions to NGC. Some may have been produced to fool collectors, but many were likely struck to side-step the ban on owning gold in the U.S. before 1974. Coins with numismatic value were legal to own, so if you wanted to own gold bullion at the time, you might have had to settle for a counterfeit U.S. gold coin. I'm having trouble rationalizing it. Once they banned private ownership of gold, didn't every single gold coin automatically have "numismatic value"? Why not just buy a real one? If you had a gold bar you wanted to keep, you took it to Guido and had it made into fake coins instead of just hiding the gold bar? |
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Pillar of the Community
United States
1101 Posts |
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I just skip the gold altogether. Me too, can't afford that yellow stuff |
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Bedrock of the Community
13014 Posts |
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Don't forget the list was compiled by NGC so they have a vested interest in scaring us. All they really did was make a list out of what everyone already knew. You can probably find some arguments for placement on the list, but there's a reason there's not really any disagreement about it |
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Pillar of the Community
Canada
5253 Posts |
Alarming though it is, there is no reason one could not learn how to tell the real from the fake. If NGC can then so can you. In fact if you are interested in the coin/ series, you should learn, even if you do get slabbed coins.
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Posted 03/29/2018 1:53 pm
