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Opinions On 1925 And 1928 Gold

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Valued Member
atscaper's Avatar
Canada
89 Posts
 Posted 03/29/2016  9:34 pm Show Profile   Bookmark this topic Add atscaper to your friends list Get a Link to this Message Number of Subscribers
Saw these for sale for what I think was very cheap but since this is not my area of expertise thought I'd see what you opinions are on them. Real or no? Photos provided by the seller aren't great. Thanks



Opinions-On-1925-And-1928-Gold

Opinions-On-1925-And-1928-Gold

Opinions-On-1925-And-1928-Gold

Opinions-On-1925-And-1928-Gold
Rest in Peace
moxking's Avatar
United States
17900 Posts
 Posted 03/29/2016  9:52 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
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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billjones's Avatar
United States
1499 Posts
 Posted 03/29/2016  11:26 pm  Show Profile   Bookmark this reply Add billjones to your friends list Get a Link to this Reply
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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BH1964's Avatar
United States
10982 Posts
 Posted 03/30/2016  12:58 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
How cheap is "very cheap"? They appear genuine but be aware cheap can be a red flag.
ANA #R3154474
Valued Member
atscaper's Avatar
Canada
89 Posts
 Posted 03/30/2016  05:50 am  Show Profile   Bookmark this reply Add atscaper to your friends list Get a Link to this Reply
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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TypeCoin971793's Avatar
United States
6370 Posts
 Posted 03/30/2016  07:25 am  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
At that price, you can take a chance because if they are fakes, they are still made out of gold.
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billjones's Avatar
United States
1499 Posts
 Posted 03/30/2016  08:25 am  Show Profile   Bookmark this reply Add billjones to your friends list Get a Link to this Reply
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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jwitten's Avatar
United States
152 Posts
 Posted 03/30/2016  3:59 pm  Show Profile   Bookmark this reply Add jwitten to your friends list Get a Link to this Reply
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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billjones's Avatar
United States
1499 Posts
 Posted 03/30/2016  4:08 pm  Show Profile   Bookmark this reply Add billjones to your friends list Get a Link to this Reply
I collect the $2.50 Indians too. I built a raw set back in the 1980s. Here are the 1925-D and 1929 from that set.

Opinions-On-1925-And-1928-Gold Opinions-On-1925-And-1928-Gold

Opinions-On-1925-And-1928-Gold Opinions-On-1925-And-1928-Gold

I bought the 1929 when I was high school, which goes back to the days of Lyndon Johnson. It makes me wonder where all the years went.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 03/30/2016  4:53 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Very nice!
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atscaper's Avatar
Canada
89 Posts
 Posted 03/30/2016  7:24 pm  Show Profile   Bookmark this reply Add atscaper to your friends list Get a Link to this Reply
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.
Bedrock of the Community
United States
20753 Posts
 Posted 03/31/2016  6:24 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I wouldn't buy any Gold coins that have not be authenticated. Just way to many fakes out there.
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OldWest's Avatar
United States
126 Posts
 Posted 04/13/2016  8:32 pm  Show Profile   Bookmark this reply Add OldWest to your friends list Get a Link to this Reply
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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EarlyTurban's Avatar
United States
383 Posts
 Posted 04/13/2016  10:32 pm  Show Profile   Bookmark this reply Add EarlyTurban to your friends list Get a Link to this Reply
Here are a couple more of the same dates from my grouping of Indian QEs for reference -

Opinions-On-1925-And-1928-Gold
Opinions-On-1925-And-1928-Gold

ET
Pillar of the Community
United States
1450 Posts
 Posted 04/13/2016  10:48 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list Get a Link to this Reply
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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