| Author |
 Replies: 21 / Views: 2,271 |
|
Pillar of the Community
United States
1952 Posts |
is it real gold or is it another one of them scam things. I am trying to learn a bit on gold and possibly buy a little more. I see these all over ebay going for 5-6 bucks but have never seen them before so I need your help here thanks in advance for any help. Gary   |
|
|
|
Pillar of the Community
United States
2269 Posts |
Gary, could you post a larger picture?
|
|
Pillar of the Community
United States
2270 Posts |
Virtually all of those which lack "Dollar" or "Dol" are fake.
If they have it and are heavy then there's a fair chance it's real.
Time don't fly, it bounds and leaps.
|
|
Pillar of the Community
 United States
1952 Posts |
sorry Spider I don't have one the pic is of an ebay auction. here is a whole page of them http://coins.listings.ebay.com/Coin...tingItemListI am looking to buy gold this next week and am not sure if I am going to buy old coins or the new stuff from the mint. I am thinking around $200.00 at a time and I think that the 1/10th oz eagles are going for around $80.00 each that would get two coins for my budge. but I am open for suggestions thanks Gary |
|
Pillar of the Community
United States
2269 Posts |
Gary, you may want to consider a nice gold dollar. You could probably find a nice Philadelphia or New Orleans example for under $200.00.
|
|
Pillar of the Community
United States
1952 Posts |
are you talking about the Princess or the Liberty head? I have one princess a 1857 one dollar that was given to me as a gift. I am thinking about either the 2 1/2 or the 5 dollar coins now but I have a bit of learning to do lol funny I can tell you almost everything about cents but gold I have never even thought about till now. then go figure it go up faster than it went down so that's why I am thinking about getting in now or waiting a few weeks or a month or more to learn first. gold is too much money to get into a bad spot with
Gary
|
|
Pillar of the Community
United States
2797 Posts |
Gary, To answer your original question, those are replicas with little if any gold content. If you are interested in the fractionals, I would recommend a certified coin. But it will be way outside your budget. There are literally hundreds of dates and varieties of fractional gold and the group is full of counterfeits and replicas.  |
|
Valued Member
United States
330 Posts |
I have one of these. I will try to post a picture when I get home. They are tiny, maybe 3/8". The one pictured is a token. There is about a 99.9% chance that any others that look like this one are tokens made long after the date they have on them. Real California gold pieces should be authenticated by a reputable dealer or a TPG. I found this website (no affiliation) that has a lot of information and was helpful in identifying when mine might have been made. http://www.calgoldcoin.com/I knew what I was getting and that it was not an authentic California gold piece and it was priced in the $7 - $10 range. If you want to buy gold (investment or otherwise) these are not for you. Hope this helps. Jim |
|
Pillar of the Community
United States
1952 Posts |
Thanks Dave and Jim
I am not sure if I was thinking about buying them or just picking your brains for info that I didn't have. but it looks like I will not be looking for any Calif gold lol
thanks
Gary
|
|
Forum Mom
 United States
5877 Posts |
Mike and I were just discussing these the other day. Within the last 4 weeks, the ebay market is glutted with "California gold tokens". While I have not seen one in-hand, I would tend to think that they have no gold content. The ones that I have seen on ebay appear to be some sort of mass-produced token. I don't know if they came from overseas, but there are a lot of US sellers with them now. Some of these have denominations on the reverse, but I firmly believe that these are all fantasy pieces. By the way, Gary, if you are looking for opinions (and even if you're not  ), I think that older gold coins are a better investment than modern gold. The older coins have lower mintages and will always have a numismatic premium over melt value. I don't know that this will always be true for the modern issues since there are so many of them minted every year. Just my opinion.  |
|
Bedrock of the Community
United States
20753 Posts |
Good rule to follow is when buying anything nowadays, over $25 or even less, is to only buy authenticated, by a TPG service, coin. Any coin worth anything, lately has been counterfeited. The ones you mentioned almost look like they were sprayed with Gold paint from Walmart. Slight exageration, but be carefull. |
|
New Member
United States
15 Posts |
I think any california gold piece with the little bear on the the reverse is a replica/fantasy piece. I have a couple just about like that one.
|
|
Pillar of the Community
United States
1952 Posts |
Susan. yes I am looking for info and opions I think that with the older gold coins I will have to find a layaway plan or something like that to do as I only get to spend $200.00 today and maybe $100.00 a month after that. (yep she likes me) lol
so it looks like I will be looking for some old stuff. I think I will enjoy gold as much as I have my other coins but I will have to use a lot of caution as well
thanks everyone
Gary
|
|
Valued Member
United States
330 Posts |
Just to follow up, here are scans of the 1857 California "Gold" token that I have. The scanner cut off the left edge but you get the point.   Enjoy, Jim |
|
Pillar of the Community
United States
1952 Posts |
that looks like the one that I was looking at. so yours is fake also? that's a question lol.
i pulled together $250.00 for my next coin I know it is not much but I cant afford the St's and Susan said that the new coins will most likely not go up in value so I am looking for whatever my very small 250 will by.
it is a small but at least a start lol
Gary
|
|
Valued Member
United States
57 Posts |
Hmm, for $250 you might be able to find one of the more common Liberty Head 1/2 Eagles like 1886S, or early 1900's... Not sure tho, I don't want to start collection gold (outside the 2006 $25 Eagle I got for the birth of my daughter) since I would go broke!  Silver is more my speed... |
| |
Replies: 21 / Views: 2,271 |
Posted 09/06/2007 11:37 pm
