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Question About The Authenticity Of A Gold Dollar Coin...

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Pillar of the Community
Jaymon74's Avatar
United States
844 Posts
 Posted 12/18/2013  1:41 pm  Show Profile   Bookmark this reply Add Jaymon74 to your friends list Get a Link to this Reply
SsuperDdave, my thought exactly on the corrosion issue. Didn't see it on the first set of photos, but the second ones he posted shown it well.
Pillar of the Community
United States
3184 Posts
 Posted 12/18/2013  5:25 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
Just buy a NGC or PCGS slabbed one and have the piece of mind that you have a real gold coin vs a raw one that could be fake.
Valued Member
sgoss66's Avatar
United States
160 Posts
 Posted 12/18/2013  7:55 pm  Show Profile   Bookmark this reply Add sgoss66 to your friends list Get a Link to this Reply
OK, guys, a little confused here...even if this coin IS a fake, which it very well may be, I still was of the understanding that many fakes are still gold...perhaps not 22K, maybe 20K, but still gold. Now, that being said, the idea that "corrosion shouldn't happen" that is being discussed here, would suggest that the concern is that the coin is NOT gold, right?

From that perspective, I can't imagine that this coin is not gold; unless I'm missing something, there's no other metal whose density is sufficient to allow this coin to weigh so close to the proper weight. My thought was (and I could be wrong) that if it were NOT gold, the weight would be WAY off. The "fake" possibility with this coin would be, in my mind, that is it GOLD (maybe 20K or something, but still substantially gold), but just a faked copy.

Am I wrong on all of that?

Also, yes, mkman123, I could buy a slabbed one -- but my guess is that I'm not touching a slabbed one for any less than 2.5 to 3 times more than I paid for this one...and I'm not sure I want to pay that much for one...

Steve
Valued Member
sgoss66's Avatar
United States
160 Posts
 Posted 12/20/2013  11:54 pm  Show Profile   Bookmark this reply Add sgoss66 to your friends list Get a Link to this Reply
Thanks all for your help on this...

Since you all have substantial concerns about this coin, I've decided to assume it to be a likely fake, and thus to send it back for a refund; the seller is a good guy and had no idea the coin might not be genuine -- and is willing to refund the purchase price.

At this point, I guess I'm going to be looking for another one to replace this one. Seems like there's no real good way to buy one on ebay, without taking a substantial risk...

Is my risk diminished any by buying a "raw/cleaned" coin, through one of the major dealers (such as APMEX?) Or, is there another way I can find one for a relatively modest price? Again, I'm not looking for a coin with any substantial numismatic value, just a genuine, decent one to have in my very modest "collection."

Thanks all for your help,

Steve
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