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Replies: 18 / Views: 3,126 |
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Bedrock of the Community
United States
11951 Posts |
I hate making quick buys like I did today, but sometimes I have to, if I want good deals. I did get to weigh them, the weight is right. A few of these came into a local coins shop today .. I picked out these two .. I would like to hear some expert opinions .. 1925 D $2.50 gold and 1854 $1.00 gold  
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Moderator
 United States
23522 Posts |
I'll offer my own opinion while we're waiting for an expert. The Indian looks to have incidental striations, not from cleaning but possibly from being dragged over a tablecloth or something. Don't know what a TPG would think about it, but they don't bother me a bit.  A TPG might wimp out but I personally see no reason to think either have circulated. The $1 is more iffy than the $2.50. That makes the Indian a decent premium above melt, and the $1 probably a $500+ coin (that's the going rate in high AU, much less Mint State).
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Bedrock of the Community
 United States
11951 Posts |
Thanks SsuperDdave ... any opinions are welcome .. but if someone is a expert .. be nice to hear what they have to say. Quote: The Indian looks to have incidental striations, not from cleaning but possibly from being dragged over a tablecloth or something I have to say I did not see the lines at the shop, with my poor eyes and a 5X glass .. but with a enlarged picture I can see them ... and can see them here at home with a 10X. I am sure they hurt the value of this coin .. but I think I got it at close to melt ... $144, so I hope I am not losing value. My biggest concern is if they are real ... nothing I see makes me think they fake ... but I do know a lot of these small gold coins get faked.
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Pillar of the Community
United States
797 Posts |
I wouldnt have thought twice about buying that for that price. Gorgeous coin still! If some one would sell them for that around here, I'd have a couple
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Moderator
 United States
23522 Posts |
I don't see a thing which makes me worry about authenticity.
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Pillar of the Community
United States
7191 Posts |
Love the one dollar gold piece, still a hole in my 7070.
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Bedrock of the Community
United States
36744 Posts |
Nice pick up. Both coins look good and are very collectable. I think you did better than great for the price.
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Valued Member
United States
179 Posts |
Having extensively collected the Gold Dollar series....the coin looks suspicious. Especially the raised lumps on the nose. I was fooled twice by fakes....they ARE that good. Though I'm not a fan of slabbed colonials, gold dollars NEED to be TPG authenticated. If you insist on buying unslabbed gold get the Counterfeit Detection books to let you understand what to look for.
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Pillar of the Community
United States
4337 Posts |
that $1 gold is authentic both are authentic
you paid $144 for the $2.50? great deal
what did you pay on the 1854? you should send that in for PCGS to slap an MS label on it and you've got a real nice piece for resale one day
awesome coins
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Bedrock of the Community
 United States
11951 Posts |
I do have PCGS's Counterfeit Detection book, and I have looked through the book and see nothing specific. It does say that one and three dollar coins are commonly faked, To me there is also a lot of real ones. When I got home this afternoon, I looked at it with a 10X glass, I see no raised bumps on the nose. there is a hit on the face close to the nose. My picture taking skills are not that good, but in this case, I think the one dollar coin is not quite as good as it looks in my picture. There is a good expert in the Mobile Al, next time I am in that area .. or see him at a coin show I will have him check it out. I have no problem buying slabbed coins .. or raw coins. Because I have a good relationship with a few local dealers, and buy a lot of coins, I think I get many coins at dealer to dealer price. I paid $125.00 for the 1854 $1.00 Again I want to thank everyone for posting .. everyone's opinions give us something to check out .
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Bedrock of the Community
United States
36744 Posts |
GR58 you got some great deals on those, I'm envious.
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Pillar of the Community
United States
4337 Posts |
$125 is ridonk on that coin for a price...well done, I too am envious...
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Pillar of the Community
United States
5854 Posts |
On authenticity, I don't see any red flags on either one. The gold dollar looks like it may grade AU-58. The indian quarter eagle has the details of a high AU. The coin has some hairlines that sort of appear to run across the coin and may be called wiped or cleaned by a TPG. Problem free or not, you made out like a bandit on both coins!
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Pillar of the Community
United States
2589 Posts |
I would agree high Au on the gold dollar, these often have weak strikes on the reverses as this coin does. If its still got the luster required it might make mint state.
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Bedrock of the Community
Australia
21786 Posts |
If you are going to buy bullion coin gold, I reckon half eagles are optimal, in terms of size of investment versus premium.
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Bedrock of the Community
United States
10982 Posts |
Both coins appear genuine with the G$1 really looking good. The only concern I have is questioning why a coin shop would sell these coins for far under their actual value.
Being conservative and going from the images only I'd call the G$2.50 a AU+ details piece worth about $225. The G$1 appears MS or very close to it and free of problems to boot; a $250 piece minimum.
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Replies: 18 / Views: 3,126 |