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1862 Gold Dollar

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Author Previous TopicReplies: 12 / Views: 1,979Next Topic  
New Member

United Kingdom
4 Posts
 Posted 02/07/2012  5:53 pm Show Profile   Bookmark this topic Add hactonhouse to your friends list Get a Link to this Message Number of Subscribers
Recently purchased a few of these delightful coins.
A couple of them are, in my view, in splendid condition.
Would I increase the value by having them slabbed by PCGS
or should I just sell them with large scans and let
the buyer decide the condition?
Have attached scans of one of the coins
Any opinions on the grade would be most welcome.
1862-Gold-Dollar
1862-Gold-Dollar
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amida17's Avatar
United States
4897 Posts
 Posted 02/07/2012  6:04 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
Welcome to the forums Are they all 1862's? If so I would say they do not warrant any 3rd party grading. They do not really jump in value significantly until you get to MS 60+ grades which this does not appear to be. Can you post photo's, to be honest, the scan makes it look....um...not so good..IMO
Edited by amida17
02/07/2012 6:05 pm
New Member
United Kingdom
4 Posts
 Posted 02/07/2012  6:17 pm  Show Profile   Bookmark this reply Add hactonhouse to your friends list Get a Link to this Reply
I have a similar quality 1862, a few poorer 1853 specimens and and an 1849. Afraid my skills with a camera are limited so I tend to scan. Just interested to know what grade they might be and whether they were worth slabbing.
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DavidZerbato's Avatar
United States
1081 Posts
 Posted 02/07/2012  8:35 pm  Show Profile   Bookmark this reply Add DavidZerbato to your friends list Get a Link to this Reply
You should post scans of the other coins as well. This one appears to be in the lower AU range, although the scans don't do the coin any justice.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 02/07/2012  9:15 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
I would think TPG would help, due to the high premium over melt.
New Member
United Kingdom
4 Posts
 Posted 02/08/2012  10:52 am  Show Profile   Bookmark this reply Add hactonhouse to your friends list Get a Link to this Reply
Have downloaded photographs which I hope will assist.

1862-Gold-Dollar
1862-Gold-Dollar
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 02/10/2012  12:15 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
I'm no expert on $1 gold, but I don't like the surfaces on either.
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amida17's Avatar
United States
4897 Posts
 Posted 02/10/2012  12:21 am  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
really weak strikeand yeah the surfaces look odd...something more than bagginess going on?
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wquinn's Avatar
United States
2295 Posts
 Posted 02/10/2012  2:30 pm  Show Profile   Bookmark this reply Add wquinn to your friends list Get a Link to this Reply


Ever weigh them? They should be around 25.8 grains (1.7 grams).

And I don't think slabbing would increase their value at all at those grades.

And I'm not a fan of PCGS either, so they wouldn't be my choice, if I were to slab anything.
Edited by wquinn
02/10/2012 2:30 pm
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Bryan1315's Avatar
United States
14454 Posts
 Posted 02/10/2012  4:16 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I am worried about the surfaces also, I am not saying its fake but something seems to make me think something is off with this coin. I hope its just the photograph but I would definitely weigh these things as soon as possible
New Member
United Kingdom
4 Posts
 Posted 02/10/2012  7:21 pm  Show Profile   Bookmark this reply Add hactonhouse to your friends list Get a Link to this Reply
Very interesting observations, thank you. The concensus is that it is not worth grading which I accept. My concern now is whether it is fake. I have weighed the coin at 1.7 grams and the diameter is 14.3 mm. I have uploaded another photograph which may help.
I bought them from a bullion dealer at spot + 3% (about $85US) a couple of weeks ago and he has offered a full refund and undertaken to melt them so it's not a problem if they are fakes.
Any further views would be most welcome.
1862-Gold-Dollar
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D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 02/10/2012  7:53 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
Like the others, I have my concerns. I am not an expert on this series but the surface looks bubbly and lettering looks a bit mushy.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 02/10/2012  9:52 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I am no expert of the series either but its good that you got them from a trustworthy source either way. even in the new pictures I can not say with any confidence that the coin is authentic, one good thing is that the weight is correct so chances are in your favor. With me not knowing the series well enough to really comment by looking at the photographs I will leave this to the ones that do know the series better. Its still good news that the weight is correct though
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