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1880 Gold $5 Liberty Head

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Pillar of the Community
silvercoinrn's Avatar
United States
863 Posts
 Posted 05/24/2012  3:20 pm  Show Profile   Bookmark this reply Add silvercoinrn to your friends list Get a Link to this Reply
No he didn't test it in front of me. I trusted that it was real I weighed it in grams. And also saw that he tested it in the past so I knew it was real. Pretty sad though. I'm no expert but I read up on the coin before I went today and the high points were all in good condition. I think it was kept by a collector rather than in circulation. Id guess an au 53 at least. There was luster even left on the field
Pillar of the Community
silvercoinrn's Avatar
United States
863 Posts
 Posted 05/24/2012  3:22 pm  Show Profile   Bookmark this reply Add silvercoinrn to your friends list Get a Link to this Reply
No he didn't test it in front of me. I trusted that it was real I weighed it in grams. And also saw that he tested it in the past so I knew it was real. Pretty sad though. I'm no expert but I read up on the coin before I went today and the high points were all in good condition. I think it was kept by a collector rather than in circulation. Id guess an au 53 at least. There was luster even left on the field
Valued Member
United States
122 Posts
 Posted 05/27/2012  08:40 am  Show Profile   Bookmark this reply Add latebloomer to your friends list Get a Link to this Reply
Silvercoinrn, as much as the coin used to be in fantastic condition it is good you stood your ground of not purchasing it. I cannot explain why pawnshop dealers just simply sit on the coins and for the most part hardly budge on working out a price that is truly reasonable. I have gone to about 10-15 pawn dealers and wanted to buy nice coins from them, it never worked out. prices seem to be inflated for me. I ended up going to a trusted local dealer in my area and purchased coins from them, also to mention a good friendship that they give me pointers about any coin I am looking for or am curious about. My advice I give to you as they gave to me " just be patient you will eventually get the coin you want at the right price". I hope this helps out.
Pillar of the Community
silvercoinrn's Avatar
United States
863 Posts
 Posted 05/28/2012  11:49 am  Show Profile   Bookmark this reply Add silvercoinrn to your friends list Get a Link to this Reply
I think there are a few reasons they have a hard time selling.
1) Most of the time they know nothing about the prices between grades of coins
2) they know nothing of the importance of dates and mint marks
3) they look at the rebook and pick high grade price or ebay and base it off of one item sold
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