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Replies: 14 / Views: 1,928 |
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Valued Member
Canada
89 Posts |
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Rest in Peace
United States
17900 Posts |
Indian Quarter eagles are the most counterfeited gold coins as reported by PCGS and NGC. Without better photos, especially for the second example, I'd pass myself. Especially since they cost no more for a TPG.
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Pillar of the Community
United States
1499 Posts |
I agree. Certified coins are not that much more expensive if they are more expensive at all. Why take the chance? I buy certified gold coins despite the fact that I am a retired dealer and have been a collector for 55+ tears.
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Bedrock of the Community
United States
10982 Posts |
How cheap is "very cheap"? They appear genuine but be aware cheap can be a red flag.
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Valued Member
 Canada
89 Posts |
Cheap would be $150Cdn each. Which I thought was pretty (too) good compared to sold listings on ebay for similar uncertified ones.
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Pillar of the Community
United States
6370 Posts |
At that price, you can take a chance because if they are fakes, they are still made out of gold.
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Pillar of the Community
United States
1499 Posts |
I would consider that purchase if I saw the coins at a show and could examine them closely. I still wouldn't do it through the mail. If they are bad, you have the expense of returning them and probably the cost of the postage both ways.
If they are genuine, you still have the same problem the seller had. You have two uncertified gold coins that will bring less in the market until they are certified. I understand why the seller's price is "cheap" if they are genuine. Even with the reduced rate that NGC charges or once charged for low priced gold certification, it's still fairly large amount relative to the coins' value.
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Valued Member
United States
152 Posts |
I mainly collect these. I would buy the 1929 (looks like '29, not 28 to me), and avoid the 1925-D. Both may be real, but something about the 1925-D gives me pause. Might be the terrible pics though.
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Pillar of the Community
United States
1499 Posts |
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Bedrock of the Community
United States
94367 Posts |
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Valued Member
 Canada
89 Posts |
they look nice billjones. jwitten: you're right, it is a 1929. Mistyped that when I posted.
I had decided to go have a look at them in person but by the time I had a chance to make that inquiry they had already been sold. Probably for the best.
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Bedrock of the Community
United States
20753 Posts |
I wouldn't buy any Gold coins that have not be authenticated. Just way to many fakes out there.
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Valued Member
United States
126 Posts |
First, to billjones, very nice nice pictures of your 1925-D and 1929! I can only imagine how incredible your collection is - a real sight to see!
Secondly, I have been searching for a $2.5 Indian, too. I think it's beautiful coin, I would say one of my top three coins. My budget (and finances and family!) limit me to just one, just one Indian to own and appreciate. So, I am continuing my search. I do know that I will only buy a graded and certified Indian. I don't have the chops to know real from fake.
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Valued Member
United States
383 Posts |
Here are a couple more of the same dates from my grouping of Indian QEs for reference -   ET
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Pillar of the Community
United States
1450 Posts |
You really pay for these coins since they only contain .12 oz of gold. The half eagle actually contains .24 gold. You get the best price for the gold in the coin for the double eagle. The spot price of gold makes all the difference in price. This is why I am not buying gold coins because I think price of gold may fall back towards the mean average price which would be $600-$800 an ounce instead of $1250 an ounce. A common Saint or Liberty Head would probably drop $500 in value as gold price drops. If price confounds historians and starts to rise again then price of gold coins will rise in tandem. Since silver is worth so much less than gold you won't get hurt as bad if silver prices rises like it did a few years ago when you sell. You know the GSA Morgans that people pay hundreds of bucks for today were selling for just $10-15 in early 70's when GSA coins were boxed up and sold to the public.
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Replies: 14 / Views: 1,928 |
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