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 Replies: 18 / Views: 3,184 |
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Pillar of the Community
Australia
4411 Posts |
I found this coin in a bunch of world coins I picked up at a yard sale this morning  Does it carry any value above gold? Sorry the pictures arent the best.   |
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Pillar of the Community
United States
900 Posts |
I am not certain this is genuine, although it appears to be. If real, it contains $80.37 in gold at current spot price and the minimum value of and 1862 $1 Liberty Type III is $138. Great score if you can have it certified.
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Pillar of the Community
 Australia
4411 Posts |
Weight is 1.66 grams, diameter is 1.5mm. It looks like other gold I have.
Edited by enworb
01/11/2013 9:42 pm
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Bedrock of the Community
Australia
21786 Posts |
I am NOT an expert with this series.
Because they are so diminutive, lots of 'jeweler's copies' were made of these, in good gold.
This one is so worn that I cannot make up my mind if it is genuine or not.
The obverse looks more convincing than the reverse.
I am not surprised that you are happy about it, nonetheless.
You have struck gold, anyway!
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Pillar of the Community
614 Posts |
I skimmed over this thinking it was the usual "grade my gold" thread, then something made me go back up and I nearly spit out my tea when I saw that you bought it at a yard sale.
As to what it is, no clue. Great find either way!
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Pillar of the Community
United States
3843 Posts |
Not knowledgeable in the series but I don't think this coin is genuine. Either that or it is ex-jewelry and that is why the denticles and rims are messed up.  Edited by Joe2007
01/11/2013 11:37 pm
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Pillar of the Community
United States
3453 Posts |
I think Joe is correct about it being a jewelry piece. The wear on the reverse is substantially worse than the obverse.
I cannot say whether it is genuine or not...waiting for additional opinions.
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Pillar of the Community
Australia
4411 Posts |
There are light scratches on the reverse near the top so I think there may have been solder or something there that has been removed.
Like Sel said I'm pretty sure its gold either way. For $20 I got over a kg of world coins from which I picked out over $80 of silver. There was a very nice australian florin which is probably worth $50+ and this. If I got $60 for it id be over the moon.
Edited by enworb
01/12/2013 12:29 am
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Pillar of the Community
United States
3843 Posts |
Sounds like a great day! Like Scurry said this has a melt value of a little over $80 if it is gold which I'm betting it is since even many older non-genuine gold coins still have the same precious metal composition as a legit coin. I'm now leaning towards legit with serious PMD. Edited by Joe2007
01/12/2013 12:07 am
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Pillar of the Community
United States
1511 Posts |
Very very nice!! Damaged or not gold is gold, and for the price  What a day! Congrats!! |
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Pillar of the Community
United States
900 Posts |
The weight of your dollar is fairly accurate. It should weight 1.7 grams. Considering the age of the coin and the amount of wear, I would say you are in the ballpark.
The diameter, however is way off. Although the information I have found is somewhat inconsistent, your coin is way too small. It should have a diameter between 14.3 mm and 15mm. At 1.5 mm, your coin is too small. Can you check the measurement again?
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Bedrock of the Community
United States
17884 Posts |
He probably misplaced the decimal point and it should be 15 mm. (If it IS 1.5 mm, then he has done a fantastic job photographing it.)
Edited by Conder101
01/12/2013 11:23 am
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Valued Member
United States
159 Posts |
This coin looks to be genuine with PMD. I have a had a little experience with the series but I am not an expert. Great Find!! |
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Pillar of the Community
United States
2589 Posts |
If genuine these are always worth more than melt. They regularly sell for $50 or more over melt value even in damaged condition. The only gold dollars that trade for melt are completely defaced love tokens, or coins that have the date unidentifiable. Even holed examples regularly sell for well over a hundred dollars a piece.
-XoG
Edited by XavierOfGreen
01/12/2013 12:21 pm
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Bedrock of the Community
United States
36744 Posts |
It looks genuine but would carry a details grade for the problems. Still worth $125-150 and more than just it's melt value.
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Pillar of the Community
United States
1721 Posts |
Great find. My (ex) brother-in-law found a British Sovereign on a stick pin at a yard sale for 5 dollars. He always had the best serendipity.
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Replies: 18 / Views: 3,184 |
Posted 01/11/2013 9:38 pm
