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1776 1976 Large Gold Medal

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New Member

United States
19 Posts
 Posted 10/21/2014  6:10 pm Show Profile   Bookmark this topic Add DKI to your friends list Get a Link to this Message Number of Subscribers
I was curious if anyone could tell me what this medal would be worth. It worth its weight in gold or is it more valuable because it is rare? Just trying to figure out how to price this. This is about 3" and very heavy.

Thanks

1776-1976-Large-Gold-Medal
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keepcalmandcoinon's Avatar
United States
865 Posts
 Posted 10/21/2014  6:41 pm  Show Profile   Bookmark this reply Add keepcalmandcoinon to your friends list Get a Link to this Reply
It is gold plated. They are all over ebay for around 10 dollars.
New Member
United States
19 Posts
 Posted 10/21/2014  6:43 pm  Show Profile   Bookmark this reply Add DKI to your friends list Get a Link to this Reply
I didn't think they numbered the gold plated ones. This is numbered.
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keepcalmandcoinon's Avatar
United States
865 Posts
 Posted 10/21/2014  7:15 pm  Show Profile   Bookmark this reply Add keepcalmandcoinon to your friends list Get a Link to this Reply
Yea, companies like this will slap a serial number and certificate of authenticity on medals like this just to make people think it is worth more. It is still a cool medal though.
New Member
United States
19 Posts
 Posted 10/21/2014  7:24 pm  Show Profile   Bookmark this reply Add DKI to your friends list Get a Link to this Reply
Ok Thanks. I saw a solid gold one on ebay a few weeks back and was shocked how much it was going for. I thought maybe I had a similar one, but guess not.
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junjun's Avatar
Puerto Rico
778 Posts
 Posted 10/21/2014  7:31 pm  Show Profile   Bookmark this reply Add junjun to your friends list Get a Link to this Reply
Your coin could be gold. The gold plated version is 1 1/2 diameter.
Here is some information.
http://www.neocollect.com/coll/97/
New Member
United States
19 Posts
 Posted 10/21/2014  8:39 pm  Show Profile   Bookmark this reply Add DKI to your friends list Get a Link to this Reply
Thanks. It does mention the size I have in gold. I wonder how I find out for sure. Do you think if I weigh it and it comes out exactly what the post describes it would mean it is solid gold and not plated?
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junjun's Avatar
Puerto Rico
778 Posts
 Posted 10/21/2014  8:55 pm  Show Profile   Bookmark this reply Add junjun to your friends list Get a Link to this Reply
That's right. If the weight is 455 grams it should be the real deal.

Edited to correct weight.
Edited by junjun
10/21/2014 9:56 pm
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keepcalmandcoinon's Avatar
United States
865 Posts
 Posted 10/21/2014  9:02 pm  Show Profile   Bookmark this reply Add keepcalmandcoinon to your friends list Get a Link to this Reply
I'll keep my fingers crossed for you. Let us know when you get a weight on it.
New Member
United States
19 Posts
 Posted 10/21/2014  9:04 pm  Show Profile   Bookmark this reply Add DKI to your friends list Get a Link to this Reply
Mine too. Thanks for the info and help. Now I need to find a good accurate scale!
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ASLAN TVorlon's Avatar
United States
1234 Posts
 Posted 10/21/2014  9:26 pm  Show Profile   Bookmark this reply Add ASLAN TVorlon to your friends list Get a Link to this Reply
Coin shops and jewelers are a good bet to find a scale.
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junjun's Avatar
Puerto Rico
778 Posts
 Posted 10/21/2014  9:27 pm  Show Profile   Bookmark this reply Add junjun to your friends list Get a Link to this Reply
Here is a little more information.

http://www.workingmancoins.com/ForS...dOrdForm.jpg

Good luck.
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allranger's Avatar
United States
1391 Posts
 Posted 10/21/2014  10:10 pm  Show Profile   Bookmark this reply Add allranger to your friends list Get a Link to this Reply
If this is one of the original bicentennial medals, the solid gold ones are three inches. The gold plated ones were half that size. I just check my documentation for my gold plated version. Although the case does look different than mine, I have never seen one of the original gold cases, so I can't say if it is original or not.
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Canada
9864 Posts
 Posted 10/22/2014  10:08 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
One pound of gold!
"Dipping" is not considered cleaning...
-from PCGS website
New Member
United States
19 Posts
 Posted 10/22/2014  10:27 am  Show Profile   Bookmark this reply Add DKI to your friends list Get a Link to this Reply
I weighed it and it weighs 1 pound. It is number stamped and has a has the same logo on the box stamped on each side of the of the number.

So assuming it's real, would it's value be just in gold or more because it's rare?
CCF Master Historian of USA Commemoratives
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commems's Avatar
United States
12279 Posts
 Posted 10/22/2014  3:05 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
From your images, it does appear that you have one of the large 3" gold medals struck by the US Mint for the American Bicentennial. It is considered a "National Bicentennial Medal" and was available in the following sizes/metals:

- 1.5 inch bronze
- 1.5 inch gold-plated bronze
- 1.5 inch 0.925 fine silver
- 3.0 inch 0.925 fine silver
- 0.906 inch 0.900 fine gold
- 1-5/16 inch 0.900 fine gold
- 3.0 inch 0.900 fine gold [Original selling price: $4,000]

The medal was designed by Frank Gasparro.

Your gold piece contains 13.18 troy ounces of gold. At today's spot price, it contains roughly $16,395 worth of gold.

The medal does command a numismatic premium over its "melt value" and should not be sold for its bullion value alone.

Examples of the medal do not appear on the market very often, but when they do they sell for more than "melt." One sold at auction in Feb-08 for $13,800. At the time, the value of the gold it contained was roughly $12,060. So, it sold for $1,740 more than melt â€" a numismatic premium of approximately 14.5%.

Another example sold at auction in Jan-06 for $10,925. At the time, gold was about $538 per ounce, so the medal had a gold value of $7,091. The value differential of $3,834 represents a 54% numismatic premium.

One last thing, the large gold medal was "struck to order" - a total of 424 of them were ordered/minted. A number have been melted over the years, so it's unknown how many of the original 424 remain.

So, bottom line, if you are looking to sell the piece, I would strongly advise that you not take any offers that are strictly based on the medal's melt value. You would be leaving money on the table if you did so. I would hold for at least a 15-20% premium over melt. The number of buyers would be more limited, but it is a far fairer price.

Hope that helps!


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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