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 Replies: 17 / Views: 4,506 |
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New Member
United States
22 Posts |
I have an opportunity to purchase an 1875-S $20 Liberty Coin but the asking price is $400. The coin has flaws but it seems like it can't be true for that price. This coin weighs 33.43 grams, and if I just buy it for melt, the price of gold for it would be something like $1,222.83 give or take a few. Is this a bad deal? Or seem fishy? Please see pictures.   |
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Pillar of the Community
United States
8137 Posts |
I would be VERY skeptical if someone is selling you this coin at that price. Especially if it isn't in a TPG holder. If you want to go through with the deal, ask the seller if he would be willing to submit it for grading. If it real, then offer to pay him the amount he wants, plus the grading fee. |
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New Member
 United States
22 Posts |
Here is the discription "USA Twenty D. Gold Coin 1875 KDNS"
What does KDNS mean?
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Pillar of the Community
United States
7375 Posts |
I know nothing about gold, but that coin just looks real to me. Lots of nice die cracks on the reverse. Somebody please save me from myself.
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Pillar of the Community
United States
589 Posts |
Wait a minute...$400 for a coin that MELTS at $1180 (current price)? Yeah, I'd say either a) uninformed at the current price of gold; or, b) fake and trying to scam you.
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Pillar of the Community
United States
1132 Posts |
I wouldn't buy unslabbed gold with YOUR money...let alone mine.
That being said, I don't see anything screaming "fake" based purely off of your image.
Edited by CopperCastle
02/11/2015 8:01 pm
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Bedrock of the Community
United States
10982 Posts |
The pictured coin is genuine. If it's being offered at $400 then make sure it's a safe transaction, very safe.
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Forum Dad
 United States
24154 Posts |
Quote:
I wouldn't buy unslabbed gold with YOUR money...let alone mine. Oh I don't know,I've been told I'm generous with other people's money.  |
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Pillar of the Community
United States
7375 Posts |
Just make sure you record the coin coming out of the package. Could be bait and switch.
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Pillar of the Community
United States
4691 Posts |
Does it contain milk chocolate or dark chocolate?
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New Member
United States
22 Posts |
Im staying away from that one....I just did an Internet serch for "USA Twenty D. Gold Coin 1875 KDNS" Here is the exact same coin with winning bid of $2,000 from 26 Dec 2014. This is wrong....it is clearly a fake http://www.ebay.com/itm/USA-Twenty-...271711058931 |
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Forum Dad
United States
24154 Posts |
It's not just the same coin, it's the same pictures.
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Pillar of the Community
United States
1796 Posts |
Well would you look at that. A genuinely damning observation. My money is on a bait and switch at this point. Those pictures as the bait, and something like this as the switch: http://www.theblackcabinet.org/coun...1885cc-0001/Run -- do not walk -- away from this. Edited by SteveCaruso
02/11/2015 11:13 pm
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Pillar of the Community
United States
1704 Posts |
If I was offered this coin at that price and I did not know anything about gold coins I would not even think about buying it as I know if it were genuine it is worth multiples of his asking price simply because my inclination would be it is either a counterfeit or a stolen coin and I would not risk getting involved in what that might lead to.
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Pillar of the Community
United States
3234 Posts |
Why would someone give away something intrinsically worth $1200 in precious metal for $400? It's like saying...here's a $20 bill, please give me $7 for it.
Edited by Prethen
02/12/2015 2:41 pm
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Pillar of the Community
861 Posts |
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Replies: 17 / Views: 4,506 |
Posted 02/11/2015 7:52 pm
