| Author |
 Replies: 7 / Views: 1,841 |
|
|
Pillar of the Community
United States
1571 Posts |
A friend who works in a bank asked me about the coin mentioned, and asked if it was worth anything. I said I didn't know, other than if it was a "copy", it should be marked as such. Also If it was a "replica", it may fall under the counterfeit label. What is the facts about this coin if it is a "copy", and marked as such, as opposed to a "replica"? My understanding would be that the "copy" and marked as such would be legal, and legal to own, whereas the "replica" is the same as a counterfeit, and as such NOT legal to own. I will contact the person , and ask to see the coin, and depending on what I see, will ask if it might be photographed, and posted here, (for comment). Comments?
Dick
|
|
|
|
Pillar of the Community
United States
954 Posts |
The only value is probably melt if it is gold. Need a pic to be sure, it could be collectable on it's own. Neither a replica or a copy is illegal to own, just as long as you don't try to pass them off as real.  |
|
Pillar of the Community
United States
2269 Posts |
A few years back I remember seeing commercials touting "the last $5.00 gold Indian". They were advertised to contain 24K gold. It turned out that these were gold plated copies. I would guess that your $20.00 double eagle, contains little if any gold. You should have your friend take it to a coin dealer to confirm if it contains gold or not.
|
|
Valued Member
United States
440 Posts |
some are gold plated over a cheap base metal, some are gold plated over silver and some are just gold colored alloy. Not worth anything except melt if it has any precious metal.
|
|
Bedrock of the Community
United States
17884 Posts |
Since 1973 all copies have to be marked COPY. Before 1973 different manufacturers marked their products different ways R, Replica, facsimile, C, copy and so on. In many cases they weren't marked at all. All of these pre-1973 copies are still legal to own. Outside the US many copies are still marked in various ways. They are legal overseas, but may not be imported into the US.
|
|
Pillar of the Community
 United States
1571 Posts |
I'll get back to him today, and see what arrangements can be made to post a/some photos of it, for comment, and evaluation, etc. Thanks for the input. Later.He said he no nonger haas the coin. He said he looked on ebay, and was told than it wasn't woth a great amount, so he "got rid of it". Now for the good news! I asked the teller if she had any of the new "Idaho" quarters, and she said no. That she hadn't seen any yet. I got a box of quarters, and the whole box is Brand, spanking, new Idaho quarters! She didn't know it but she sure made my day! Dick Edited by livingdinasaur
08/08/2007 4:33 pm
|
|
Valued Member
United States
411 Posts |
I have a double eagle copy that says in a tiny spot below the word COPY that it has 1/10 oz. gold - I assume the plating.
|
|
Pillar of the Community
United States
1952 Posts |
Stephen
I think what you have is a copy of a 1/10th ounce eagle. they would have to leave the coin in the solution for hours to get 1/10th ounce of gold on it. these coins or token whatever you want to call them are flashed for seconds. and you may have 20 cents worth of gold on a eagle if your lucky
Gary
|
| |
Replies: 7 / Views: 1,841 |
|
Posted 08/06/2007 11:45 pm
