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 Replies: 16 / Views: 3,020 |
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Bedrock of the Community
United States
11951 Posts |
Looking at picking up this coin today. Just thought I would get some opinions, make sure I did not miss checking something out. I looked at it last Friday, and again today. To me it looks authentic. Weight 1.7g Not the greatest pictures, taken with my iPad There is always a price point where you would buy a coin. What would be your .. I would buy that price?   |
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Bedrock of the Community
United States
10982 Posts |
It looks authentic with a polished obverse. A buy for me at $100.
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Pillar of the Community
United States
5850 Posts |
I'd agree with the polished opinion. Definitely too shiny for what it is (unless it were a proof).
Very hard to put a numismatic value on a "damaged" coin.
[Ignore everything else I originally posted, since I misread this as a $3 gold piece instead of a type 3 $1 gold piece.]
Edited by barryg
09/06/2016 2:57 pm
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Rest in Peace
United States
17900 Posts |
I agree that it looks like it's been polished, but it does look good as far as authenticity is concerned. AU details is the most likely grade if submitted to a TPG. Those sell in the $160-$180 range quickly and a little more slowly in the $200-$210 range. Keep in mind that you'd need to submit and pay the TPG, even for a details coin, to get that price range. Raw, as it sits, I doubt I'd put more than about $125 into it. |
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Bedrock of the Community
 United States
11951 Posts |
I agree with what you all are saying.
Moxking ... I was thinking pretty much the same numbers as you posted.
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Bedrock of the Community
United States
94367 Posts |
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Bedrock of the Community
United States
11951 Posts |
This coin fits right into my price comfort level. It does look better in hand, than my iPad pictures ... So I went ahead and picked it up. This makes my current gold coin count are 25 ....  20 years ago I would have said I would never have a single gold coin in my collection .. I guess you never know what can happen. |
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Valued Member
United States
294 Posts |
If it's been polished, then it's a damaged coin.
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Bedrock of the Community
United States
11951 Posts |
This coin came back from ANACS, and was a big surprise.
This coin does look better in hand, than it does in the pictures.
Wasn't sure if it would have been improperly cleaned .. or not.
The surprise.... Not Genuine / Stuck copy
It is real gold ... that part checked out ...
Now I am not sure if I will send it out to be melted ... or keep as a example
of a well made fake coin.
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Pillar of the Community
United States
917 Posts |
I assume its from the shop were you work? They wont let you return it? If not I'd keep it. I wish they would say why they thought it was fake.
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Bedrock of the Community
United States
11951 Posts |
I could return it ...
But ... I would not be out much. I looked at it ..l thought it was real,
I don't have any problem taking the hit.
I am finding it interesting that it is .. Not Genuine ...it would be a good example
to show other collectors how good fake coins can be.
Then there is .... someday .... if I am not around to stop it ... someone could try
to sell it as a authentic coin.
Really leaning to just have it melted.
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Pillar of the Community
United States
4211 Posts |
WOW.....
I would NEVER have guessed it wasn't an authentic coin!
Yes, probably better off sending it to the melting pot.
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Pillar of the Community
United States
1499 Posts |
The giveaway that this coin was bad is the weakness in the "LIBERTY" area. That area is often weak on the 1873 and '74 gold dollars, but it is always strong on the coins from the 1880s. These coins had very low mintages and the luster, which is often Proof-Like, and the details are strong. In fact it is hard for many people to differentiate the Proofs from the Mint State pieces. The fact that this coin had shiny surfaces is not bad thing. As I said a great many of the gold dollars from the 1880s are P-L. Here is a genuine 1887 gold dollar. Note the sharpness and luster. If you are looking for a great Type III gold dollar type coin, you can't go wrong with a high grade example from the 1880s. The biggest trouble is that "grade-flation" has resulted in a lot of the coins that used to be in MS-65 have "migrated" to MS-66 and 67 holders . I have noted this as I have built a set of these coins dated in the 1880s. My advice to all of you is buy certified gold dollars. There are too many counterfeits, and they have been around in quantity since the 1960s. Counterfeit gold dollars are not a new thing.   Edited by billjones
12/15/2016 1:55 pm
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Bedrock of the Community
United States
11951 Posts |
Just had the coin scanned at NTR .... right on 90%
So weight and gold are correct.
I can see the strike difference between mine and Billjones coin.
I wish ANACS would have given more details.
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Pillar of the Community
United States
2130 Posts |
GR...Thanks for posting this. I would have never guessed that is was fake. Atleast it was real gold.
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Rest in Peace
United States
17900 Posts |
Ugg. I'm really sorry to hear that. I think if it were me, I'd do the same as you and toss it into the melt pile. But it is still such a shame. I guess that strong a strike on a G$ just can't be trusted.
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Replies: 16 / Views: 3,020 |
Posted 09/06/2016 2:55 pm
