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 Replies: 35 / Views: 5,371 |
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New Member
 Australia
9 Posts |
$80 Australian is trading at $85 US
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Pillar of the Community
United States
2669 Posts |
Do you have a good scale? The Trade dollar should weigh 27.2 ounces grams - check here for more info: http://www.coincommunity.com/us_dol...e_dollar.aspEven a correct weight and supposed wear on a coin are no guarantee of authenticity. Counterfeiters can duplicate those relatively well. The Heritage Auctions site (www.ha.com) has some pretty good, large photos of genuine Trade dollars you could use for comparison to yours. |
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Bedrock of the Community
United States
14454 Posts |
with the bigger clearer pictures of the Trade dollar nothing is screaming fake to me but some counterfeit Trade dollars look really good as well. These were made to trade in China so they have had over 100 years to get them correct since that is where they were shipped to when made. They were counterfeited almost immediately and traded along side their authentic counterparts during that time, so they had to be really close to the correct design even back then and they have only gotten better at making them (an just about every other US coin) since then. The good thing if it were a contemporary counterfeit is chances are pretty good it would be the correct composition of silver or sometimes even had more silver content than the original has. But I don't think this is a counterfeit (contemporary or modern) but I would still look for another knowledgeable dealer that can see it in hand before I would be totally convinced it was real. As xshift said a weight would at least be able to help a little with the authenticity of the coin if you have access to a scale but if not a dealer that knows the series well enough would be sufficient to give me piece of mind |
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Pillar of the Community
United States
1547 Posts |
My thought is keep them and give some serious thought to becoming a member of this beloved hobby. As far as hobbies go, you can do a lot worse, and this one will stay with you for your entire life. Just give in, get us some better pictures, and we'll start you off with some grades and values, and put you on the right path. Why? Because that's just one of the things we do, here, and there's nothing anybody can do about it.  |
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Pillar of the Community
United States
3755 Posts |
I see absolutely nothing on that trade to indicate it is counterfeit. Take a magnet to it. Most counterfeits are ferrous metal, and the magnet will pick it up. Polished, yes.
And 80 bucks for all of them? Dont EVER deal with that fool again. He was trying to rip you off.
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Valued Member
United States
397 Posts |
Was it a coin guy , or a pawn shop? The local pawnshop in my town pays 35% to 45% of metals value and the owner has no clue on the value of anything.
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New Member
Australia
9 Posts |
Nope, it was a dedicated coin shop :(
yeah I'm not overly interested in actually selling them it was more I was just intrigued as to what they were worth. They are pretty attractive looking coins really.
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Valued Member
United States
397 Posts |
A coin shop (or a pawn shop, she can't remember) offered a family member of mine $30 for a MS 1951-c Gold $1, so I'm not surprised at your pricing.
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Valued Member
United States
493 Posts |
Not a coin expert at all, but, 5.2 million minted. The berry under the right wing on the eagle might make it worth more as well? I
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Pillar of the Community
United States
802 Posts |
Nice finds in your dad's cupboard :)
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New Member
United States
18 Posts |
You can get $27 for each of the silver dollars. That is $23 for the silver value and $4 extra because they can easily sell the silver dollars.
You can follow the "spot" silver prices on silver/metal websites . They pay apx 63% of spot (then add $4 for silver dollars).
Local coin clubs are a great place to meet people who know about coins.
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Pillar of the Community
United States
1704 Posts |
Quote:
ok so the local coin guy said for the lot about $80 That wasn't exactly a fair offer, the Trade dollar in its present condition is worth about that. His feigning disinterest is what dishonest dealers do so they can try and get away with low balling people who don't now the value of their coins. The four Morgan dollars you should get no less than 28.00 each from any honest dealer. Common date circulated pre 1921 Morgan dollars retail for $34 - $40 depending on condition VF - AU and 1921 Morgans go for $1.00 less in each grade. ANA LM-3175 |
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New Member
United States
47 Posts |
The Trade dollar looks like a molded coin. Look at the outside edge of the coin it looks like a seam to me. Have you tried to see if a magnet will stick to it? I have the same year and mint mark and its magnetic. If it is 90% silver it won't be magnetic. |
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Bedrock of the Community
United States
12437 Posts |
Quote:
His feigning disinterest is what dishonest dealers do so they can try and get away with low balling people who don't now the value of their coins. That may apply to a US dealer but take note that the OP is in Australia where a dealer may not have much familiarity or interest in US coins. Many US B&M dealers will only pay a reduced percentage of silver value on foreign coins simply because many refiners do not accept non-standardized silver without assay fees and the dealer does not know how long a foreign coin may sit in a case before selling. Stagnant inventory= lost money on stuff that could have sold five times over. It would not surprise me that non-US dealers might have the same attitude about US coins. Edited by biokemist6
06/14/2011 11:12 am
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Pillar of the Community
United States
1348 Posts |
heck I'll give ya $100 LOL
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Replies: 35 / Views: 5,371 |
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Posted 05/31/2011 06:22 am
