Grade/Value An Abused 1859 Gold Dollar

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Author	Replies: 6 / Views: 2,620
trdhrdr007 Pillar of the Community United States 2335 Posts	Posted 02/03/2011 4:13 pm I got this gold dollar in a ring from a lot of gold jewelry I bought for resale. The obverse was showing, the reverse was backed by a gold "washer" that was held in with prongs. When I took it apart it became apparent to me that at one time this coin had been soldered into a different piece of jewelry. The coin weighs 1.7 grams on my scale & appears authentic. The wife got a new camera for Xmas that isn't as user friendly as the one she dropped in a creek so I'm posting 4 pics, 2 obverse & 2 reverse. The pictures aren't the greatest but I think they show the condition of the coin fairly well.....polished & scratched on the obverse & solder on the reverse. I'm hoping someone can give me an idea of a net grade & approximate value. These pics show the solder & a darker spot in the center of the reverse caused by the coin being backed with a gold washer which left the center exposed on the underside of the ring. Report this Post to the Staff

iowaguy Valued Member United States 134 Posts	Posted 02/03/2011 4:20 pm * Edited by Staff - Please Review the rules that you agreed to when you registered. * Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 02/03/2011 4:42 pm Probably worth slightly over melt even in the condition it's in. Since there's almost $70 of gold in it, iowaguy's $80 to $100 estimate sounds close and it does look authentic. It should be 15mm in diameter and the weight at 1.7g is correct. ANA #R3154474 Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 02/03/2011 4:43 pm The soldering and polishing kill the numismatic value so this one would be valued at spot gold price. Hopefully a C or D coin was not used Report this Post to the Staff
XavierOfGreen Pillar of the Community United States 2589 Posts	Posted 02/03/2011 9:23 pm yea the solder was put on the worst spot possible lol, things like this often go for 80 - 90 bucks on ebay Report this Post to the Staff
ACE Mike Valued Member United States 438 Posts	Posted 02/04/2011 02:07 am Luckily it does not appear to have been a C or D mint, based on having a strong strike all around. Considering that it's value is based pretty much entirely on the gold content, the actual grade does not matter, but I would say EF detais, ex jewelery. Report this Post to the Staff
trdhrdr007 Pillar of the Community United States 2335 Posts	Posted 02/04/2011 09:01 am Quote: The soldering and polishing kill the numismatic value so this one would be valued at spot gold price. Hopefully a C or D coin was not used. When I bought the ring the only visible part of the reverse was the exact center. I checked the Red Book for mintage & saw that the C or D mints carried a substantial premium. I knew the odds were aginst it but that didn't stop me from hoping. Report this Post to the Staff
	Replies: 6 / Views: 2,620

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