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 Replies: 68 / Views: 9,319 |
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Valued Member
United States
430 Posts |
By the conclusion of this story, I am not entirely convinced this is not some kind of strange performance art piece, or an attempt to give some old school coin collectors a heart attack  |
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Pillar of the Community
United States
4901 Posts |
I agree...it's kinda dorky to cut a coin in half to see if it's genuine...a bit extreme in my mind.
No clue why it was a question at all to start with
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Pillar of the Community
 United States
6514 Posts |
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New Member
 France
11 Posts |
It's dorky yes, but it's efficient, and now I am reassured. There are not many options when it comes to be sure that you own genuine coins when you are a newbie with US coins. (If it was a 20Fr napoleon coin, the weight would be exact and I would be able to check the details on the coin because I know them very well.) I had been to 3 shops yesterday. Two of them were not sure 100%. They simply told me that they should send to the foundry. They were clearly not US coins experts... and me not as well. The last shop made a stone test but it didn't guarantee that it was not a Chinese coin filled with tungsten. My contact, a gold broker offered me to test it for free, however I have to pay the shipping (way and back) by UPS and it cost up to 100$ and would take something like two weeks Slice the coin and check it myself would cost approximately the same and has the advantage to be done within 2 min (actually more close to 5 minuts because the coin was much stronger than expected. I even broke a tool...) But it still hurt a bit to see a nice looking coin definitely damaged |
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Pillar of the Community
Canada
586 Posts |
I think the $100 shipping was way cheaper then destroying the coin. I guess you price your curiosity way higher then I do.
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Pillar of the Community
United States
719 Posts |
 Many more options than destroying a coin :/ Even shipping to ICG for authentication since obviously grade is not a concern, when they have a 2:1 special is cheap, just the shipping fee. If you're happy - I'm not I would even know what a genuine cut AGE looks like except 'not Tungsten' - then that's what counts and thanks for sharing. You picked the right forum to post this. It would have been a shark feeding frenzy over at CU |
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Valued Member
United States
210 Posts |
Although it makes me wince, peace of mind is priceless.
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Pillar of the Community
United States
1882 Posts |
Yikes! Quote:
It's dorky yes, but it's efficient, and now I am reassured. Maybe you are reassured about that coin. So are you going to do the same thing to the other coins now? |
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Pillar of the Community
United States
4901 Posts |
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Even shipping to ICG for authentication since obviously grade is not a concern, when they have a 2:1 special is cheap, just the shipping fee. Excellent point...grade irrelevant...even the ANACS fee is only $19/coin (gold) + shipping |
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Moderator
 United States
34427 Posts |
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The scratch test would be my absolute last resort! Hadn't considered the saw test.  In the end @tawann, I'm glad that you are happy with the outcome! "If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Rest in Peace
United States
17900 Posts |
I'm very glad not to have expressed an opinion. Death by saw is unfortunate.
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New Member
France
11 Posts |
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Although it makes me wince, peace of mind is priceless. I think the same, I don't worry anymore now and it feels good :) Quote:
Excellent point...grade irrelevant...even the ANACS fee is only $19/coin (gold) + shipping Local shipping fees area (inside U.S). This is not the same price from France to U.S. Quote:
Maybe you are reassured about that coin. So are you going to do the same thing to the other coins now? @steve199 : I don't need to cut them all. What pushed me to cut THIS AGE was because its weight 34,18 Gr with my scale and 34,12Gr with the scale of the jewlery shop. As I said before I'm not an gold Eagle expert and I was not sure such big difference of weight between 33.93gr and 34,14gr was normal. My Other coins are more close to 33,83gr. And now, I have a proof that my gold dealer is reliable so don't worry, I will not cut the others. Quote:
I think the $100 shipping was way cheaper then destroying the coin. I guess you price your curiosity way higher then I do. @TheBurnz : How much more ? One of the 3 shops I had been 2 days ago said to me that they would buy the coin only for its weight of gold and not for its "historic value" (not sure about the translation in english). In France we say "prime". It means a coin has more value that its weight of gold when it's in good state of conservation and when it's rare serie. The cut coin was a 1986 or 1987 (i forgot which one I cut) and uncirculated. |
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Valued Member
United States
154 Posts |
2 simple points:
1. You should have educated yourself before spending money on two ounces of gold that you would be suspicious of right off the bat.
2. "Reputable" shops are not in the business of selling fakes, not that it hasn't happened but such a practice would not keep a shop in business very long.
Your AGE is now scrap at best.
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Pillar of the Community
United States
4963 Posts |
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In France we say "prime". It means a coin has more value that its weight of gold when it's in good state of conservation and when it's rare serie.
The cut coin was a 1986 or 1987 (i forgot which one I cut) and uncirculated. I believe the English word you are looking for is "premium." From the pictures, the cut coin looked like the 86. |
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Pillar of the Community
Canada
586 Posts |
Depending on grade, some graded ms70 coins have sold for $5000 USD, but the average is $1,500. Assuming you can still sell the cut coin (which has been turned into a bullion) for melt which is $1,400.
So there is no coin grading services in Europe? Interesting..anyone want to open up a PCGS francise in Europe?
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Replies: 68 / Views: 9,319 |
First Page
Posted 05/04/2018 11:09 am
