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1927 P $2.50 Indian ; Curious What The Forum Thinks

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Italy
1130 Posts
 Posted 01/08/2025  4:17 pm Show Profile   Bookmark this topic Add Roma2021 to your friends list Get a Link to this Message Number of Subscribers
Haven't seen one of these in Rome. It appears to have been improperly cleaned at some point. I know a lot of collectors really like this design but I am not crazy about it


1927-P-$2.50-Indian-;-Curious-What-The-Forum-Thinks
1927-P-$2.50-Indian-;-Curious-What-The-Forum-Thinks
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hfjacinto's Avatar
United States
7273 Posts
 Posted 01/08/2025  4:24 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
I'm not an expert, but it looks correct to the one I have. With
It being cleaned the numismatic premium should be low. At the current price of gold, I wouldn't pay much over spot for it.

If the dealer is charging more than $75 over spot I would pass. Grey sheet is saying $395/$400 but that's not cleaned, so $350-$375 is a good price. It has $320 in gold.
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Italy
1130 Posts
 Posted 01/08/2025  4:31 pm  Show Profile   Bookmark this reply Add Roma2021 to your friends list Get a Link to this Reply
Thanks @hfj, with gold what it is right now and my overall feeling of the design, I'll probably pass; I've been picky on gold since it seems to be a buyer's market.i just don't have as many options here.
Edited by Roma2021
01/08/2025 4:32 pm
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Coinfrog's Avatar
United States
94367 Posts
 Posted 01/08/2025  5:04 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
A lot of gold coins look cleaned because the metal is so soft. Can't see any evidence of cleaning here.
Edited by Coinfrog
01/08/2025 5:05 pm
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hfjacinto's Avatar
United States
7273 Posts
 Posted 01/08/2025  5:08 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
Coinfrog, around the stars on the obverse I see hairlines. You don't see them?
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Coinfrog's Avatar
United States
94367 Posts
 Posted 01/08/2025  6:49 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Perhaps, but even casual handling can produce marks like these, and there may be some Die Deterioration. As stated, these images do not suggest a cleaning to me.
Edited by Coinfrog
01/08/2025 6:50 pm
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IndianGoldEagle's Avatar
United States
36596 Posts
 Posted 01/09/2025  06:07 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
I think this one might be a Lebanese counterfeit.

This is what a genuine coin looks like in the eagle's tail feathers.

1927-P-$2.50-Indian-;-Curious-What-The-Forum-Thinks
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Zurie's Avatar
United States
5662 Posts
 Posted 01/09/2025  07:29 am  Show Profile   Check Zurie's eBay Listings Bookmark this reply Add Zurie to your friends list Get a Link to this Reply
Too many good counterfeits out there to risk buying a raw Indian quarter eagle, even if it has gold value. Probably wise to pass.
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jbuck's Avatar
United States
187702 Posts
 Posted 01/09/2025  11:05 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
It would have fooled me, so I agree it is best to avoid raw gold like this.
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