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 Replies: 12 / Views: 1,175 |
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New Member
Germany
2 Posts |
Hello, A friend of mine recently inherited a gold coin. Since he needs cash he decided to sell it. However, I advised him to at least do some research first to see if the coin he has is authentic. It is a 1904 Liberty, a $20 coin. According to Google, it's a bit heavier than a 1 ounce coin, but the gold sample is 0.900. Unfortunately, I don't have an exact weight to check exactly how much the coin weighs, but I own a 1 ounce coin myself and it weighs about the same. PICTURES:        I can provide more specific ones if needed. What puzzles me most is that the reverse of the coin is rotated 180 degrees relative to the obverse. You can see this in the attached photo. I intentionally rotated the coin horizontally. I'm not sure if the coin is a fake or its a minting error? If so, would it by chance be worth a little more than the weight of gold? I don't want a friend to sell at the first better goldsmith, who will tell him that the coin is worth as much as the weight of gold, and then sell it for much more himself. Thank you in advance for your help and identification. Kind regards! |
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Moderator
 United States
56855 Posts |
 The rotation seems normal because it is what is called coin turn/flip and not medal turn/flip.Coin turn is normal here in the states. Wait for the pros to comment. John1  |
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Moderator
United States
188207 Posts |
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Pillar of the Community
 Canada
1762 Posts |
@some-person This is called coin alignment (used on US coins - 180 degree rotation), as apposed to medal alignment (used on some other country's coins - 0 degree rotation). Edited by Sharks
08/28/2024 11:54 am
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New Member
 Germany
2 Posts |
Thank you all for explaining the case of rotation. I assumed that it was the same everywhere, for example with the coins distributed in the EU. Interesting. So the question about the minting error is answered. It is a normal coin, one of 3 million or so, as I looked online? So it's probably only worth the weight of gold (30.06g, thanks jbuck) if it's not counterfeit :)
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Moderator
United States
188207 Posts |
Quote:
So it's probably only worth the weight of gold (30.06g, thanks jbuck) if it's not counterfeit My pleasure, and keep in mind that gold is at all time highs now. |
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Bedrock of the Community
United States
94367 Posts |
to the CCF! |
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Pillar of the Community
United States
3848 Posts |
I believe it is genuine, although that can't be 100% guaranteed without in hand examination because there are very impressive fakes out there. You shouldn't have a problem selling it though.
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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Bedrock of the Community
United States
73987 Posts |
Looks genuine to me.
Errers and Varietys.
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Moderator
United States
56855 Posts |
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Pillar of the Community
United States
6495 Posts |
So the TL;DR seems to be: assuming it's a genuine gold coin (which a shop will verify), the value is 100% in the gold unless that coin graded Mint State, and the value needle doesn't really move hard until MS65.
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Moderator
United States
95550 Posts |
to CCF. |
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Pillar of the Community
United States
2757 Posts |
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Replies: 12 / Views: 1,175 |
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Posted 08/28/2024 05:11 am
