$20 Liberty AU Condition? Did I Get Ripped Off?

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Author	Replies: 7 / Views: 1,032
blitzertac762 New Member United States 1 Posts	Posted 11/22/2015 6:13 pm Hey all, I just started collecting pre33 gold coins. I recently purchased a $20 liberty from a LCS in "AU" condition. However I'm noticing some rim dents and a ding. Would this coin be rejected by PCGS or NGC? Did I get squirreled? Report this Post to the Staff

Coinfrog Bedrock of the Community United States 94367 Posts	Posted 11/22/2015 6:41 pm Possibly, but why would you ever submit this sort of bullion coin to TPG in the first place? Keep your fingers off the surfaces of the coin! Edited by Coinfrog 11/22/2015 6:42 pm Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 11/22/2015 6:43 pm Oops - Report this Post to the Staff
IndianGoldEagle Bedrock of the Community United States 36878 Posts	Posted 11/22/2015 8:01 pm AU-55 but might get a details grade from a TPG due to the rim issues. Report this Post to the Staff
T-BOP Rest in Peace United States 18456 Posts	Posted 11/22/2015 8:08 pm To CCF , you bought a raw gold coin in AU condition. you can't blame anyone but yourself if you didn't notice the rim dents. most all LCS will let you return a coin for refund or credit. but only if you don't remove it from the dealers holder. you not only removed it but your touching the coin with your fingers . BIG NO NO . Hey we learn by our mistakes. Report this Post to the Staff
Joe2007 Pillar of the Community United States 3843 Posts	Posted 11/22/2015 8:44 pm I guess it all depends on what you paid. With those rim dings I doubt that it would get into a problem free slab at any of the big 3 TPGs. Melt for these coins is currently $1038. Hopefully you didn't pay much more than 5-10% more than that. Report this Post to the Staff
Joe2007 Pillar of the Community United States 3843 Posts	Posted 11/22/2015 8:46 pm By the way ..... to CCF! Hope that a negative experience or two doesn't sour you on the hobby. Read these boards and you will be able to avoid many of the common pitfalls in this hobby. Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 11/22/2015 9:26 pm The rim hits might result in a details grade but since this date is valued almost entirely on it's gold content in circulated condition it doesn't matter that much (value wise). Your coin is worth about $1100 retail today. Wholesale value (what a dealer would pay) is no more than it's current $1,035 melt value. ANA #R3154474 Report this Post to the Staff
	Replies: 7 / Views: 1,032

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