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1854 $3 Gold Piece

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barryg's Avatar
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 Posted 04/13/2015  10:53 am Show Profile   Bookmark this topic Add barryg to your friends list Get a Link to this Message Number of Subscribers
These are the seller's original pics. Once I have it in hand I'll post (hopefully) better ones:

1854-$3-Gold-Piece 1854-$3-Gold-Piece

Assuming it's genuine (and the auction house does guarantee authenticity for all gold and silver coins), what do you think? Based on the detail in the hair, the visibility of LIBERTY in the crown, etc., I felt it was somewhere around a VF20-25.

BTW, I really love you guys, but please, please, please... if you see a problem with this coin, don't just say stuff like "it's obviously fake" or "it has obviously been harshly cleaned" without providing a little detail as to what makes it so obvious.
Edited by barryg
04/13/2015 10:56 am
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Jaobler's Avatar
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 Posted 04/13/2015  11:20 am  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
Looks solid for VF-30, maybe a bit higher. I don't see anything that suggests it's not genuine. There are no obvious hairlines to indicate a harsh cleaning but the rather dull surfaces and the dirt residue in the crevices might be evidence of some kind of light cleaning. If it was cleaned it probably isn't severe enough to generate a "problem" grade from a TPG.
Looks like a decent, circulated type coin to me.
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barryg's Avatar
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 Posted 04/13/2015  11:34 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Hmmm... VF-30 would certainly be nice!

I'm hoping the coin will be a bit shinier when I get it in hand.
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IndianGoldEagle's Avatar
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 Posted 04/13/2015  11:54 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
VF-30, but looks like a good sized rim bump at 12 O'Clock on reverse. That would be an issue at resale.
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barryg's Avatar
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 Posted 04/13/2015  12:34 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Thanks. I did notice the rim bump, but this is going right into my type collection and I have no plans to resell it.
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MeadowviewCollector's Avatar
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 Posted 04/13/2015  1:10 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
VF-25/30
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jimbucks's Avatar
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 Posted 04/13/2015  6:16 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
I would look carefully at the reverse 12 o'clock "rim bump" to make sure it is not solder or an artifact from ex-jewelry.
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acloco's Avatar
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3540 Posts
 Posted 04/13/2015  10:24 pm  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
Nothing screams fake.

No dirt in the denticles though.

Does the reverse show some clashed dies though?

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barryg's Avatar
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 Posted 04/14/2015  09:12 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply

Quote:
Does the reverse show some clashed dies though?


Not sure. Possibly something by the date, but I'm not an expert on this design.
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Cascade's Avatar
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 Posted 04/14/2015  09:30 am  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
Sure looks like clashing to the left of the 3 and both sides of the date
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barryg's Avatar
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 Posted 04/14/2015  09:36 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Speaking of dirt in the denticles (or lack thereof)...

I don't have much experience with gold coins, but is there any reason to not attempt to clean this coin a bit, perhaps with a q-tip and some soapy water? I'm assuming any original mint luster is long gone by now and I'm also assuming soapy water won't harm it the way a harsh chemical "dip" would. But I could be wrong.
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SsuperDdave's Avatar
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 Posted 04/14/2015  09:55 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
but is there any reason to not attempt to clean this coin a bit, perhaps with a q-tip and some soapy water? I'm assuming any original mint luster is long gone by now and I'm also assuming soapy water won't harm it the way a harsh chemical "dip" would. But I could be wrong.


Yes, with all due respect, you're wrong. That type of cleaning is anathema to any respectable numismatist. Even if this one's already been cleaned, "finishing the job" is a great sin.

These are not "our" coins. They belong to history, and since we die we're only temporary caretakers. It is truth that cleaning has been more, and less, in favor among numismatists throughout history, and also true that there are individual cases where some type of conservation is warranted.

But right now - as in the last 100 years or so, and ongoing hopefully forever - originality is prized, and the default is to keep the coin as original as you possibly can even if you acquired it cleaned.

There's a logical, rather than emotional, argument as well. Cleaning strips the surfaces of a coin and allows corrosive processes to get a stronger foothold. Patina protects the coin, even if that patina is dirt. And our job is protection, not ownership. Obviously this isn't as relevant for a noble metal like gold, but it's alloyed with copper and certain nasty processes can sometimes still take hold based on that if the alloy is imperfect.

Please don't clean it.
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barryg's Avatar
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 Posted 04/14/2015  10:10 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply

Quote:
Yes, with all due respect, you're wrong.

Well, that's why I was asking. I'm much more familiar with silver and copper coins and am fully aware the damage that cleaning can do to the surface of those types of coin. I wasn't sure whether the same held true for gold, however, since gold doesn't oxidize or naturally form a "patina" like silver and copper do. If you are saying that simple soap and water can actually damage the surface of a gold coin, than I will of course not clean it in any way.


Quote:
Obviously this isn't as relevant for a noble metal like gold, but it's alloyed with copper and certain nasty processes can sometimes still take hold based on that if the alloy is imperfect.

OK, I hadn't thought about the fact that the coin isn't pure gold or that the alloy might somehow be "imperfect." Presumably, however, any past cleaning would have already caused such a process to take hold if it were going to happen, no? We're not talking a mint state coin with fresh luster, remember. I mean, I hear what you are saying, but it's still hard for me to consider dirt as a sort of protective patina. That would mean that even rinsing it with distilled water or blowing on it to remove dust would potentially damage the coin, and that's a bit silly in my opinion.


Quote:
Please don't clean it.

Well, since you said please...
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SsuperDdave's Avatar
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 Posted 04/14/2015  10:25 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Thank you, Barry. I "know" you well enough to know that a few words would have sufficed without you taking it wrong, but this was an occasion where I had to be more verbose for the broader audience who read the Forum. Note that - before this post - there were 12 posts and over 190 reads of this thread. That fits the usual pattern - only about 10% of total readers ever participate in a given thread, and at any given time there are far more non-registered people reading this content (and all Forum content) than Members.
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vermontensium's Avatar
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 Posted 04/14/2015  2:54 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
Nice looking, circulated coin. I don't see concrete evidence of an ex-jewelry piece.

VF25
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barryg's Avatar
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 Posted 04/16/2015  1:19 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
All right, I just got the coin in the mail today, so here are some updated pictures:

1854-$3-Gold-Piece 1854-$3-Gold-Piece

What originally looked like a ding on the reverse at 12:00 I'm now thinking might actually be Cud, especially since there are additional bumps at 3:00 and 6:00. Of course they may all be dings or evidence of jewelery mounting, but I don't think so.

OK, it just occurred to me to actually look at the rim. The bump at 12:00 on the reverse is most likely a ding after all, since the rim is a bit flattened there as well.

I'm going to the Bay State Coin Show tomorrow where ANACS has a booth set up to submit coins for grading, and I was thinking of bringing this one in for submission. Given the ding on the reverse and the amount of gunk visible in the letters and numbers and nowhere else (likely indicating a past cleaning), however, I'm wondering if this would pretty much be guaranteed to be sent back with a "details" grade and therefore not worth submitting. Of course, even if it gets a "details" grade, it would still be nice to have it authenticated I guess...

What do you guys think?
Edited by barryg
04/16/2015 1:23 pm
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