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 Replies: 8 / Views: 14,590 |
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New Member
Canada
2 Posts |
Hello Everyone, If possible, I would like to know what this coin worth or its grade please. Is anyone able to please advise? Thanks so much in advance    Edited by mj1000
11/09/2010 7:02 pm
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Pillar of the Community
United States
870 Posts |
I'm DEFINITELY no expert on these, but this type of coin is among my favorites and certainly for gold. I see you're looking for answers, so I'll do my best to get things kicked off here.
To answer your question, if it is genuine it is a 1912 Indian Head Quarter Eagle. It should weigh around 4.2 grams and it is composed of 90% gold. In this condition, if it is proven genuine, it should be worth somewhere between $250 and $300 to a coin collector.
If my math is right, it should have over 0.13 oz of gold in it, and since gold is trading around $1400/oz, that makes the melt value of the coin (the minimum you should expect a coin dealer to give you) around $185. Were you to (God forbid, PLEASE don't!) take it to a Cash for Gold place, they would give you somewhere between $75 and $100.
Perhaps somebody else can tell from these pictures if the coin is authentic or not. To me, inexperienced with this series, it looks legit.
Congrats!
And, if somebody could check my math it'd be much appreciated! =)
Edited by delaner
11/09/2010 8:03 pm
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Pillar of the Community
United States
870 Posts |
Ah, correction - I just checked Photograde and this coin is almost definitely worth authenticating. If it grades uncirculated (which it might well), it could be worth significantly more to a collector. A dealer may give you more than I quoted, but a cash for gold place will not.
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Bedrock of the Community
United States
10982 Posts |
 mj100! Your coin looks good to me. It may have been cleaned and shows signs of significant circulation that would take the grade down to EF40 or so. Value would be around 275 USD. It is a common-date that can be authenticated by weight and diameter verification. Should weigh 4.18g minus a bit for wear and the diameter should be 18mm. Best of luck! |
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New Member
 Canada
2 Posts |
Thanks I appreciate the help you both have provided. I did some more digging around and I am wondering how you can tell if a coin is a proof or not. There is a huge difference in value. Thanks again for your expertise.
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Bedrock of the Community
United States
10982 Posts |
1912 proofs had a sandblast or matte-like finish and very few were struck. There are roughly 100 known proofs of this issue extant versus 25,000 or so business strikes. Yours is a business strike.
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Valued Member
United States
66 Posts |
hard to really see for sure but it dosn't seem to be unc but rather AU55+
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Pillar of the Community
United States
870 Posts |
Ohhh... my bad on the mis-grade. The reverse is so strong, I assumed the head-dress feathers were a victim of weak strike. Thanks for the pointers! =)
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Pillar of the Community
United States
8904 Posts |
I'm inclined to go with an AU-58 because the reverse eagle feathers are completely intact. I am going to assume the obverse details are also there, but the photo doesn't show them very well. The headdress feathers show well all the way to the end, the band looks mostly good (but may be worn but I'm giving the benefit of the doubt). Can you show the obverse with either more detail or in different lighting? I would be able to determine a grade better. Thanks! Bottom line: this is a nice Quarter Eagle!  (Maybe I'm misreading my RedBook but I see 616,000 business strikes this year...) |
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Replies: 8 / Views: 14,590 |
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Posted 11/09/2010 6:48 pm
