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Real Or Fake? 5 Dollar Gold Coin

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Author Previous TopicReplies: 10 / Views: 3,674Next Topic  
Pillar of the Community
solotime's Avatar
United States
2311 Posts
 Posted 10/27/2013  10:08 pm Show Profile   Bookmark this topic Add solotime to your friends list Get a Link to this Message Number of Subscribers
I am the highest bidder but after looking over it. I think I'm making a mistake bidding on it. The coin is HEAVY cleaned. For some reason, Liberty looks funny to me Does that mean its a cast?

Forgot the link... http://www.ebay.com/itm/30100237370....m1426.l2649

*added, I messaged the seller asking if the coin was cleaned, he said no.*

If it's not... I think I should lay off coins....
Edited by solotime
10/27/2013 10:18 pm
Pillar of the Community
Jaobler's Avatar
United States
6384 Posts
 Posted 10/27/2013  10:47 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
I don't see any obvious problems with authenticity. The weight as stated is correct (8.3 grams). It doesn't look harshly cleaned, at least in the two full-face photos. There is significant remaining luster around the date and the reverse legend, consistent with an AU piece.

Assuming the shipping cost isn't excessive the current bid ($352) would be an excellent price. You can always return it according to ebay policy if you determine it is a fake.
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solotime's Avatar
United States
2311 Posts
 Posted 10/27/2013  10:53 pm  Show Profile   Bookmark this reply Add solotime to your friends list Get a Link to this Reply
I was thinking it's cleaned because of the different color on date and around the letters. (The letters on the back, bottom left)
One more thing is the scratches just look strange to me. They all go like in the same direction. So that is a reason I thought it's cleaned as well. Also the liberty is what looked strange, so that's why I started to wonder about being real.

I graded it myself around AU details. I'm not expecting to win but it's worth a shot and
great to learn.

Thanks Jaobler.
Edited by solotime
10/27/2013 10:53 pm
Bedrock of the Community
sel_69l's Avatar
Australia
21786 Posts
 Posted 10/27/2013  11:35 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I MAY have a tungsten core, but by the looks of it, I don't think so.

Send it for non destructive X Ray analysis if you are really concerned. This test can be relatively cheap, but return postage and fees would have to be considered.

Perhaps you could take it to a dealer who could do a comparative ring tone test against another Coronet Head.
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zxcccxz's Avatar
Canada
5417 Posts
 Posted 10/27/2013  11:41 pm  Show Profile   Bookmark this reply Add zxcccxz to your friends list Get a Link to this Reply
Looks real to me.
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D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 10/28/2013  12:34 am  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
I'm in agreement with Jaobler.
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Joe2007's Avatar
United States
3843 Posts
 Posted 10/28/2013  12:39 am  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
Looks authentic to me. Definitely not XF as the seller states, perhaps AU. Doesn't look harshly cleaned IMO.
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BH1964's Avatar
United States
10982 Posts
 Posted 10/28/2013  01:42 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Looks fine to me. As noted the current price is good. Don't get carried away and bid it up over $400 though. Good luck.
ANA #R3154474
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solotime's Avatar
United States
2311 Posts
 Posted 10/28/2013  10:03 am  Show Profile   Bookmark this reply Add solotime to your friends list Get a Link to this Reply
Thanks for your replies.

I got outbid but I don't care. I just don't want to win that gold coin. Their is much better ones.
It's really only worth melt unless it's MS.
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dsfreeworld's Avatar
United States
4337 Posts
 Posted 10/28/2013  10:58 am  Show Profile   Bookmark this reply Add dsfreeworld to your friends list Get a Link to this Reply
i have to go against the current consensus and state I believe the amount of lines, on the obverse especially, show a significant cleaning. "harsh" or not, it's cleaned nonetheless and would kill any chances of a TPG Graded Slab.

My thoughts on buying gold are to purchase pieces in the current price range raw and hopefully nab an MS grade from PCGS or NGC therefore doubling your investment in the current market. that having been said, and IMHO of course, hold onto your money and live to fight another day on an 1899.
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solotime's Avatar
United States
2311 Posts
 Posted 10/28/2013  8:12 pm  Show Profile   Bookmark this reply Add solotime to your friends list Get a Link to this Reply
@Ds, I think the guy who bought it made a huge mistake. He just paid 431 dollars for a cleaned gold coin. If it's not cleaned, the TPG would still label it because just look at all the scratches going in same directions.

Cleaned = Melt value. (330 dollars)
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