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 Replies: 12 / Views: 962 |
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Pillar of the Community
Italy
1130 Posts |
I know a lot of fakes of these are around. Any thoughts and opinions on this one would be appreciated. It's listed by a private seller. I am probably not interested but want to learn more about this coin from the only one I have seen available in Rome. Thanks!   Edited by Roma2021
08/03/2023 09:41 am
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Bedrock of the Community
United States
10982 Posts |
It appears you have a 1909-O. See mintmark at front of arrows reverse side. As such (if genuine) this is a key date worth many thousands of USD.
It appears to be the real deal, in AU condition and likely cleaned. Can you get a close-up of the mintmark?
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Pillar of the Community
 Italy
1130 Posts |
Thanks @BH. I have written the seller and will wait for his response.
I am wary of course because I have only bought gold coins from a reputable shop here in Rome. This is a private sale and many counterfeits have appeared. Some of these I have posted on the forum and others are too obvious to use the image optimizer to post...
I'm curious to hear what others have to say.
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Bedrock of the Community
United States
94367 Posts |
Get the weight! Very nice detail in the leading wing shoulder, could well be MS. Do you have return privileges?
Edited by Coinfrog
08/02/2023 5:09 pm
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Pillar of the Community
Italy
1130 Posts |
@coinfrog... No. It is a fully private sale. Cash and carry.
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Pillar of the Community
United States
1048 Posts |
Sorry but I would be extremely suspicious. High-value $5 Indians like this don't generally pop up, unslabbed, in Rome.
If you cannot authenticate this coin, flee. It needs to go on a precision scale and seen under a microscope.
Have you seen the coin, or just a pic? Remember, the very best fake coins are gold.
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Bedrock of the Community
United States
94367 Posts |
Check the weight before you proceed.
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Pillar of the Community
Italy
1130 Posts |
Edited by Roma2021
08/03/2023 09:42 am
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Bedrock of the Community
United States
94367 Posts |
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Pillar of the Community
Portugal
655 Posts |
These common ones are not hard to find in Europe. The swiss banks were not looted in world war 2 and sold many over the decades. And now the heirs of those buyers are selling them as bullion. Must be plenty in coin shops in Rome, Turin and Milan. Shops buy them lower than bullion price and sell at a big premium above. I avoided this type so far because I find them on sale so much above what I know they paid. Not seen a nice one for sale live under 800 euros.
If you find a nice one as bullion it is an interesting coin. I say do not hold for fear of a fake. The seller can be someone who figured coin dealers here are not paying fair prices and is selling privately.
If you are buying old bullion like gold coins in Europe the bigger worry with fakes are prussian marks and sovereigns. Those are too common!
Edited by jecz79
08/15/2023 7:34 pm
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Pillar of the Community
Italy
1130 Posts |
Thanks @jec. I have been buying and selling in Italy for about three years and find most gold coins (non ancients, etc) sell for 3-8% over spot with some room for negotiation. Shops buy back at 10% below or more. It's brutal selling to a shop here.
I do not find many pre 33 u.s. gold coins... In fact, not much u.s. gold here in Rome.
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Pillar of the Community
United States
3848 Posts |
Genuine 1909 D.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Pillar of the Community
Portugal
655 Posts |
@Roma2021 I do not live in Italy but I think it must be much the same there as here. Search the shops when gold rises in price. It is when people rush to sell. Not a good time to buy if you just want gold. But a good time for us collectors who like to pick nice old coins that were sleeping in vaults.  old USA gold coins are not common most of the time but they show up in at those times. They just do not stay in the shops for long. Those people dealing with metals to not want to tie up their money in stock. I have seen dealers buying 20% below the daily price.Whatever the coin, rare or not. Saw 2.5 $ coins bought that way. Surprisingly I am seeing recently many nineteenth and early twentieth century silver dollars here. Those were unusual. The gold ones I understand. They came from inter-bank payments. But these I do not know, how they made it to Europe. |
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Replies: 12 / Views: 962 |
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Posted 08/02/2023 5:05 pm
