Do I Have A Rare Coin ? - Coin Community Forum

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Author	Replies: 9 / Views: 1,357
ccccc New Member Australia 2 Posts	Posted 03/16/2013 01:58 am Hi all Just was given a coin , Front :American Eagle 1/10 Troy oz .999 fine cold clad Back : In God we trust , with design that looks from the silver dollar !! And NO DATE ! Is this a mistake from the mint ? Diameter : 2cm Rim Side is completely smooth Report this Post to the Staff

ccccc New Member Australia 2 Posts	Posted 03/16/2013 01:59 am Just saw the date , 2012...... anyway is this genuine ? What sort of value does the coin have ? Report this Post to the Staff
ExoGuy Pillar of the Community United States 4416 Posts	Posted 03/16/2013 04:30 am Welcome aboard, ccccc. What you have is not a coin. Coins are issued by governments and have some denomination for spending. It looks to me like a modern replica of sorts, borrowing largely from the design of our American Eagle $1 coins. The gold plating has no melt value. Unwary "collectors" might suspect that the .999 gold clad marking translates to value, which it does not. Items such as this are typically mass-marketed in magazines and newspapers, targeting the elderly and armchair collectors. These marketeers will usually try to attach some historical value to these things while encapsulating them in a pretty holder or box. Report this Post to the Staff
noahs-numismatics Pillar of the Community Canada 3167 Posts	Posted 03/16/2013 10:19 am Yup, modern replica. Still kinda neat though, if you already have it! I've got a copper version. Report this Post to the Staff
allranger Pillar of the Community United States 1391 Posts	Posted 03/16/2013 10:34 am You can layer gold incredibly thin, there is probably less than a cents worth of gold on it. Report this Post to the Staff
noahs-numismatics Pillar of the Community Canada 3167 Posts	Posted 03/16/2013 10:39 am Yeah, if that Report this Post to the Staff
Frazzle Pillar of the Community United States 505 Posts	Posted 03/16/2013 1:24 pm Still pretty nice Report this Post to the Staff
Bryan1315 Bedrock of the Community United States 14454 Posts	Posted 03/16/2013 2:26 pm I agree this is not a real gold coin it is a gold layered medallion. I am not sure what the base metal is (sometimes silver but sometimes just metal like regular clad coinage that is in change) but its really only worth a couple bucks and not rare at all as these weren't minted by the US mint and have no limit on how many are minted. Some companies will say limited edition and put a number on how many will be minted but even if that is all they mint they are still not worth the purchase price. These are the types of coins you see in infomercials and in the back of some magazines that try to hype up the collector value of these types of medallions (can't really call it a coin because a coin has to have a face value) Report this Post to the Staff
buddy16cat Pillar of the Community United States 1536 Posts	Posted 03/16/2013 9:46 pm Yes, not rare at all and is not a coin. It is a round with a very small amount of gold coated over some base metal not specified. The term clad is used when some other metal is used underneath the coating. Could be nickel, could be silver. I would say the gold in it would be a dollar or so. Report this Post to the Staff
FinanceGuru Valued Member United States 337 Posts	Posted 03/16/2013 11:13 pm This is a good educational thread. It reminds us to always be careful when buying coins. Know what the design should be and question any deviation from it! Report this Post to the Staff
	Replies: 9 / Views: 1,357

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