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Not Genuine Coins Returned From NGC

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New Member

United States
32 Posts
 Posted 09/06/2020  09:17 am Show Profile   Bookmark this topic Add bravo30 to your friends list Get a Link to this Message
I have 2 coins that were returned from NGC labeled "not genuine" a 1906 D $10 and a 1913 $5 coin.

What's the consensus here on how to liquidate these coins? Do I sell them as not genuine or do I scrap them etc?


Thanks,
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United States
2486 Posts
 Posted 09/06/2020  09:25 am  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
You can't / shouldn't sell counterfeit coins. Consider it a lesson learned.
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Canada
3125 Posts
 Posted 09/06/2020  09:34 am  Show Profile   Check silverwolf's eBay Listings Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
you will want to find out if there is any real gold in them, then sell them to a gold buyer as scrap..

Where did you buy these coins from, and how much did you pay for them..
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United States
51233 Posts
 Posted 09/06/2020  09:44 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Good advice from silverwolf.
New Member
United States
32 Posts
 Posted 09/06/2020  10:01 am  Show Profile   Bookmark this reply Add bravo30 to your friends list Get a Link to this Reply
Silverwolf,

I do clean-outs every now and then and have had these coins in my gold pile for about 5 years now. I didn't pay anything for them other then the privilege of hauling trash out of attics.
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United States
19674 Posts
 Posted 09/06/2020  6:09 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
At least they didn't come back as fakes.
I wonder what they are made of. And here is a thought. What if NGC is wrong?
just carl
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United States
32 Posts
 Posted 09/06/2020  9:41 pm  Show Profile   Bookmark this reply Add bravo30 to your friends list Get a Link to this Reply
The weight looks right. Not sure if NGC is right is a good point.

$10 coin, 16.7g
$5 coin, 8.4g
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United States
1124 Posts
 Posted 09/07/2020  12:07 am  Show Profile   Bookmark this reply Add Ty2020b to your friends list Get a Link to this Reply
Wouldn't hurt to post a couple pics on here! Next step as stated, getting them tested for gold content, if any.
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Australia
17415 Posts
 Posted 09/07/2020  12:38 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
The XRF test that scrap gold buyers use only tests the surface of the coin. If the coin is gold plated over a core, the XRF test by itself is not conclusive.

Other corroborative tests are required.
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United States
32 Posts
 Posted 09/07/2020  07:33 am  Show Profile   Bookmark this reply Add bravo30 to your friends list Get a Link to this Reply




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3717 Posts
 Posted 09/07/2020  08:21 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply

Quote:
Other corroborative tests are required


Since the weight and look seem reasonable, presumably NGC did these tests. What were they?
New Member
United States
32 Posts
 Posted 09/07/2020  4:12 pm  Show Profile   Bookmark this reply Add bravo30 to your friends list Get a Link to this Reply
Here's how they were labeled from NGC



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4277 Posts
 Posted 09/07/2020  5:44 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
That $5 Indian looks incredibly good fake.

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United States
1185 Posts
 Posted 09/08/2020  5:05 pm  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
I have no idea what's wrong with either of them but I'm no expert either.

I have no idea. it would fool me for sure. I spent a good half hour trying to find faults that I don't see.

maybe there's tooling marks that identify it to them that aren't visible in the pictures?

I dunno, did you check it with a decent magnet just in case already?
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Canada
3717 Posts
 Posted 09/08/2020  5:11 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
take them to an LCS and ask what they would pay for them.
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United States
1494 Posts
 Posted 09/08/2020  5:14 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
There were many fakes of these. They were made from melted down Saints so the metal is right. There used to be a numismatic premium on these coins, now there is none, so it hardly matters.
The collection is in your mind. Dispose of your albums and free your mind from the tyranny of holes.
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