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 Replies: 26 / Views: 3,489 |
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Valued Member
United States
82 Posts |
Since the subject of fakes has come up in another thread, I thought I would get opinions on this piece, please. Also, the gradings I have for these gold are the 'old' ones - prior to the 70 point system, so all opinions still help.   Edited by christopher walton
01/27/2011 2:07 pm
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Pillar of the Community
United States
2589 Posts |
one of the easiest ways to tell if it is a fake is to weigh it.
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Rest in Peace
United States
4849 Posts |
The problem with that, Xavier, is that most of the type 2 gold dollar fakes are meant to fool the collector market and werent intended to circulate as currency. As a result, most of these fakes are usually made with 90% gold, since the counterfeiter made his money off of collector premium amd therefore made them as convincing as possible. The weight and dimensions can be dead on, and it still would be fake.
As stated in the other thread, die clashes are good evidence of authenticity. An NGC grader told me once that in all of the fake type 2 dollar gold coins he graded, not one of them had die clashes. Of course, there are many genuine examples without die clashes; and may be fakes that accurately replicate them, but your chances are better. Personally, I would never buy a raw type 2 gold dollar just because there are so many convincing fakes and are very difficult to tell from pictures.
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Rest in Peace
United States
5375 Posts |
One potential issue I read about is the edge...I don't know if its just the photo, but yours looks really sharp and squared off. The edges are supposed to be more gently rounded.
Also, I think its okay to purchase high counterfeit percentage coins so long as you 1) know what you are doing 2) buy from a reputable seller 3) are able to return the item if it turns out counterfeit from a grading company
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Pillar of the Community
United States
817 Posts |
The last time I tried to comment on a dollar coin, which is a learning experience for me, the person acted like I should not have commented. Please understand I am trying to learn. If I make a stupid comment it is not to try and offend ant one.
By reviewing PCGS Photograde for the type 2 gold dollars there 7 examples of the 1855 coin. All of the examples show a weak or very weak 8 in the date. Your coin has a stronger 8 than any of the examples.
On your coin the A and the are in DOLLAR do not look similar to the examples.
With an in-hand inspection one could possibly tell if the A and the are are damaged by a hit or something else.
Those three points were the ones that brought questions to me.
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Valued Member
 United States
82 Posts |
Las_Vegas_Larry .... Thank you for the comments and observations. Yes, and it can really be a pain sometimes coming into an arena where people know what they are talking about and you (or me) are learning. I find the hardest part is trying to think of a question to ask that doesn't make me look stoopider than I am on the subject.
I checked the 'A' in DOLLARS and it is the lighting or whatever (darn cat). No damage but it looks like the 'A' on the var. 1 - with the longer foot on the right leg - like the 1849 pictured on the valueincoins website for pricing $1 gold pieces. The 8 looks as strong as the photo of the 1854 though the shape of the 5's I thought odd, but have found that they are typical. Oh well, it is getting sent off to NGC so, hopefully it will be cleared up. Thanks again.
ShadowCreator .... Thank you for the input on the counterfeits. My dad picked this one up 40 years ago or so - guess it would be a tad bit late to return it, however, considering the price he paid then, would probably be made up just in scrap by the increase in the price of gold. I suppose this is one of those time when 'ignorance is bliss'. I don't know enough about collecting gold coins to even think of venturing into that territory, so I guess I'm safe on that count. Thanks again for your input.
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Bedrock of the Community
United States
14454 Posts |
Quote:
The last time I tried to comment on a dollar coin, which is a learning experience for me, the person acted like I should not have commented. that should have never happened, that is what the grading section is for and why some people post graded coins and ask for opinions. That way people can test their grading skills and even learn how to grade by looking at graded coins. If someone has a problem with a grade someone gives they shouldn't be posting for opinions. Grading is very subjective so one persons XF may be anothers VF so it is just a learning experience we all have to go through that you get better at as time goes by |
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Rest in Peace
United States
5375 Posts |
Quote:
The last time I tried to comment on a dollar coin, which is a learning experience for me, the person acted like I should not have commented. Please understand I am trying to learn. If I make a stupid comment it is not to try and offend ant one. If you're talking about me, that wasn't the impression I meant to give off at all; I was just trying to see if you had looked at the right one. |
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Moderator
 United States
23522 Posts |
I don't see any reason not to think you'll get it back from NGC in an XF45 holder.
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Pillar of the Community
United States
1304 Posts |
I'm tempted to say AU-50 but have to agree with SuperDave XF-45.
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Valued Member
United States
438 Posts |
NGC tends to be pretty loose on type 2 gold dollars. If genuine, I think they will go AU-50 or 53.
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Valued Member
United States
82 Posts |
Well, the verdict is in - ACE Mike was closest. This one will be travelling back from NGC in a case marked AU55. Thanks to all for your input! It helped get me into gear on what had to be done with a lot of these pieces.  |
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Rest in Peace
United States
5375 Posts |
Nice, I should be able to get mine in an AU details holder at the very least then.
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Moderator
United States
16679 Posts |
I would have said AU50. NGC was pretty forgiving on this coin.
swcoin.ecrater.com
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Valued Member
United States
82 Posts |
ShadowCreator - Glad it might help you with yours. The least I can do for all the help I've been given here on the forum. vermontensium - One of the reasons I sought out the input here. Truth be known, I'm even more bewildered by "grading" than I thought I was before and since I'm not, in no way whatsoever, going to become proficient at grading - or anywhere even close - I'll let the folks who know what they are doing just do their thing (and this is just the US coins - there are a lot of others). |
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Rest in Peace
United States
9104 Posts |
Another xf45 slobbed as a au55. Then investors will wonder why the bluesheet price of an au55 is the same as they greysheet price for xf45.
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Replies: 26 / Views: 3,489 |
Posted 01/27/2011 7:00 pm
