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 Replies: 13 / Views: 808 |
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Bedrock of the Community
United Kingdom
17903 Posts |
My local coin dealer has a 1904-S double-eagle which he acquired with a collection he purchased. It's a coin type that's not widely collected in the UK so you don't see them often, but a provincial coin dealer may be stuck with one for a long time before finding a buyer. I've been offered it for melt value. I am tempted, but have some reservations. I've attached the best photos I could take in the rather dark conditions at my LCS. The coin looks around XF, possibly low MS, but the obverse looks as though it's been polished. There are traces of lustre between the letters on the reverse, not obvious in these photos. The milled edge is pristine - maybe a little too pristine. My main concern is the color. I have several other US gold coins and they are generally a yellowish color. This coin looks more coppery in tone. The photos are a bit washed out but give the idea. My St. Gaudens $20 (which was supplied from a London dealer with a certificate of authenticity) is distinctly more yellow than this coin. The scales shown are known to be accurate. Advice please!     Edited by NumisRob
05/19/2024 05:49 am
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Pillar of the Community
 United States
6524 Posts |
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Moderator
United States
56855 Posts |
Polished? Fingerprint on obverse? Does your LCS have an XRF? John1  |
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Bedrock of the Community
United States
94367 Posts |
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Pillar of the Community
 United States
5663 Posts |
If it's genuine, but polished, it's worth only bullion value anyway, and there are safer ways to buy gold bullion coins. I wouldn't buy unless you had confirmation that it's .900 fine gold.
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Bedrock of the Community
United States
10982 Posts |
That coin has been polished within an inch of its life. It looks like someone ran over a buffing wheel for a few minutes. It's likely genuine but I would not pay melt for it. The dealer might have bought it for several hundred dollars under melt. Have an xrf done and offer them 5% back of melt.
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Bedrock of the Community
United States
36643 Posts |
Probably was in jewelry. Looks AU "details" polished to me. Clearer photos would help. All of my $20 Libs are more coppery in color so if weight is correct I think you'll be okay. It is damaged so will only be a bullion coin.
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Pillar of the Community
United States
2281 Posts |
Hard pass.
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Bedrock of the Community
 United Kingdom
17903 Posts |
Thanks for advice everyone.
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Bedrock of the Community
United States
73798 Posts |
Definitely would pass on it.
Errers and Varietys.
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Pillar of the Community
Canada
5393 Posts |
Jewellery piece , polished !
Needs to see the inside of a
Melting furnace .very hard pass!
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Moderator
United States
187833 Posts |
Quote:
Needs to see the inside of a Melting furnace  |
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Moderator
United States
95031 Posts |
Quote:
Needs to see the inside of a
Melting furnace .very hard pass! Well that is a bit harsh. Maybe hole it and use it as an earring Too bad it got polished so much, it could have been a nice coin. |
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Bedrock of the Community
United States
94367 Posts |
Shrug. Not something I'd want to own even at melt, especially these days.
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Replies: 13 / Views: 808 |
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Posted 05/19/2024 09:04 am
