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1856-S Indian Head - Type 2 Value

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New Member

United States
2 Posts
 Posted 03/26/2008  8:24 pm Show Profile   Bookmark this topic Add LAJLeeds to your friends list Get a Link to this Message Number of Subscribers
Hello. I have an 1856 s Gold Indian Head - Type 2 that is at least AU condition. The problem is that it was made into jewelry by soldering a pin to the center of the back side. I got an opinion from a goldsmith and he suggested that I have the pin removed to determine if there is any damage from the lead solder. If bad, just re-install the pin.
Any good recommendations on how I should proceed? Any ideas of the value of the coin with/without the pin, assuming minimal damage?
Thanks
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Becky's Avatar
United States
954 Posts
 Posted 03/27/2008  02:35 am  Show Profile   Bookmark this reply Add Becky to your friends list Get a Link to this Reply


Unfortunately, once the coin was turned into jewelry, it is always a jewelry piece. That automatically lowers its value considerably. I would just sell it as is.
Edited by Becky
03/27/2008 02:36 am
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j_h_s's Avatar
United States
1934 Posts
 Posted 03/27/2008  07:07 am  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
Check out this ebay sale of an 1855 Princess Gold Dollar with loop soldered onto it.
Item #140214534977
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biokemist6's Avatar
United States
12437 Posts
 Posted 03/27/2008  08:50 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply


A coin once soldered will always be damaged. On the brightside, it is worth gold value at a minimum which is about $50. Do you know if the pin is gold as well?
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amac44's Avatar
United States
3242 Posts
 Posted 03/27/2008  1:30 pm  Show Profile   Bookmark this reply Add amac44 to your friends list Get a Link to this Reply
all I can say is Welcome there views I agree with.
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Jaobler's Avatar
United States
6381 Posts
 Posted 03/27/2008  2:12 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
Hello LAJLeeds,

Welcome aboard, glad to have you!

The 1856-S is a much better date and is quite valuable when it's undamaged. It is unfortuantely very unlikely that you can restore your coin to anything close to it's pre-jewelry value.

At the recent Long Beach coin show I spoke with Douglas Winter who is an expert on branch-mint gold coinage, especially Charlotte and Dahlonega coins. He had a beautiful 1856-S Type 2 gold dollar that as I recall was certified AU-55 by PCGS. The price was over $5000. As the only Type 2 gold dollar from San Francisco, it is a very desirable coin.
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United States
20753 Posts
 Posted 03/27/2008  4:08 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
WELCOME TO THE FORUM.
Unfortunately as already stated that coin is shot as a coin. One main reason is when the Solder was melted it probably blended into the gold. Removing the Solder would scar the coin horribly.
New Member
United States
2 Posts
 Posted 03/27/2008  9:42 pm  Show Profile   Bookmark this reply Add LAJLeeds to your friends list Get a Link to this Reply
The pin looks gold but I was told it is not. I think that I'll have it removed to check the extent of damage.
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