1911 $1 1/2 Gold Indian Coin(Help)

Hi, first: don't polish the coin. That would be either a $2.50 gold indian or $5, and I assume from the size (about 18mm) it's a $2.50. Depending on what being set in the ring has done to the coin's condition, it's worth anywhere from bullion value ($83.50 or so) on up to whatever a collector might pay for it. If it were mine, the question would really be whether there was any more value to it than scrap. If you're selling it for scrap, depending on who you're selling it to, you might get offered from 100-200. If you live in a place where this is possible, take it to a metals dealer and get his/her best price on it, then take it to a reputable (key word here) jeweler and get an idea of what he/she thinks of the diamonds inset, and how much it would be to replace the missing and tighten up the settings. The diamonds are not likely to be of any great color cut and clarity, but they are (most likely, based on the setting) real diamonds and should have a value that a metals dealer might disregard. Get several opinions and use those as a guide to what you think is a fair price. Consider all opinions suspect (especially mine) and use your best judgement to decide what a fair minimum bid or reserve would be. I'd love to see what you decide--keep us posted and let us know when/if you list it. Good luck--

Becky wrote:

<< Unfortunately, as soon as they were put into jewelry, the coins lost their numismatic value.>>

This is a general rule, but I wouldn't say it's set in stone. While ex-jewelry coins won't get a premium over pristine examples of the same grade, ex-jewelry coins can often be worth more than their precious metals content alone.