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 Replies: 15 / Views: 1,407 |
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New Member
United States
4 Posts |
This coin has been examined by photo by heritage Auctions and by a very reputable auction house by direct inspection and deemed to be a "reproduction" My question to the community is whether such 1921 fake coin could merit a price premium beyond bullion value to some collector and if so what percentage Thanks in advance Spencito     |
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Forum Dad
 United States
24154 Posts |
I highly doubt it's gold.
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Pillar of the Community
7234 Posts |
If it's counterfeit (which it is) how do you know it even has gold in it?
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Rest in Peace
10197 Posts |
 Spencito! If as you've stated it is a contemporary "reproduction" MEANING Fake, then there is no bullion in it at all. The "coating" is probably what is known as "Goldtone", what they put on Timex watches for $10 each. These are made all over them world, mostly in China and can be picked up for a buck or two.  |
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Pillar of the Community
United States
3184 Posts |
Is there any gold in it at least?
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New Member
 United States
4 Posts |
Hello and thank you for the replies
This coin was bought in South America in the 1960's at bullion price by a relative who just wanted to have a gold investment and not for numismatic value or interest
it weights about 34 grams and seems to be > 90% gold
My question assumes the gold content of the coin is the same as an origin
TY
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Pillar of the Community
 United States
2843 Posts |
Seems like a bit of a catch 22.
If it is a modern reproduction, made to fool collectors, it may be gold, but then it would have no value as a counterfeit. If it were a contemporary counterfeit, intended to be passed as money, it would not be gold, for what benefit would the maker have(unless it was a significantly lower percentage), then it would be somewhat collectible as a counterfeit, but not even close to melt value of a real one.
I have come across a counterfeit gold (lower denomination) that was very convincing and turned out to be not only gold but a higher purity than genuine. So it is not impossible.
Edited by BigSilver
06/13/2017 8:09 pm
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Rest in Peace
10197 Posts |
Mine's kinda like yours only mine has additional writing on the reverse...oh, yea,...oops!   Edited by Crazyb0
06/13/2017 8:19 pm
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Bedrock of the Community
Australia
21786 Posts |
If it is a "reproduction" coin, it really has no value at all. Some people collect fakes for their own self education, to learn not to be duped.
Edited by sel_69l
06/14/2017 10:21 am
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New Member
United States
4 Posts |
Thanks to all replies
From what I read and learnt this coins were "reproduced" by Middle East merchants in the 60's or 70's and circulated as gold bullion for trading and not necessarily with the purpose of fooling collectors
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Bedrock of the Community
Australia
21786 Posts |
Some reproduction sovereigns actually had a little more gold in them than the genuine coins. The sovereign used to be a respected trading coin in the Middle East, and there were not enough to go around. Reproductions with a tiny bit of extra gold were made locally to fill the trading need. The Royal Mint responded to protect the reputation of the coin by minting huge numbers of 1925 dated sovereigns, for many years after 1925. I DO NOT think there is a parallel story with the Double Eagle. Copies can be made for all sorts of dishonest reasons, and even for a few less than completely dishonest reasons. Some may be labelled as such, others may be intended to be much more deceiving. |
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Pillar of the Community
United States
1963 Posts |
I think just go have it tested to see if it has any gold in it.
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Bedrock of the Community
United States
94367 Posts |
 to the CCF! |
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New Member
United States
4 Posts |
Hello everybody and thanks again for your input and advice
This is what the auction house expert that examined and tested the coin said:
"There is about one ounce of gold. Just a little under that"
? is it still worth only bullion content or could have a bit of a premium for being the 1921 repro [like a comparison tool for potential real ones and as curiosity item ?
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Bedrock of the Community
United States
36724 Posts |
It looks like a Lebanese counterfeit from the 1960's-70's era. They were made of gold and sold as bullion. Yours has no value over it's melt value. Best to use it for jewelry or scrap it out.
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Bedrock of the Community
Australia
21786 Posts |
I notice that Lady Liberty has a VERY masculine looking face. Perhaps a beard on Her would complete the picture.  |
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Replies: 15 / Views: 1,407 |
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Posted 06/13/2017 7:21 pm
