Found old gold 1851 - 1 Dollar American Coin

Discussion in 'What's it Worth' started by ashikunn, Nov 19, 2013.

  1. ashikunn

    ashikunn Active Member

    I found this coin a long while back along with my grandfather's old things.
    I thought it was a pretty sweet find, however I noticed that someone had inscribed their initials into the observe side of the coin....

    Does anyone know how much this will decrease the value? Also what grading state would you reckon this coin to be in ? Thanks for the help everyone - much appreciated

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  3. Sean the Coin Collector

    Sean the Coin Collector Active Member

    i would say value on the coin is most likely around melt because the damage to the coin is pretty large !!
     
  4. ashikunn

    ashikunn Active Member

    Thanks for the response. That is what I figured...I was just really hoping it wasn't true !
     
  5. Sean the Coin Collector

    Sean the Coin Collector Active Member

    Yeah even if it was in AU condition minus the damage i dont think you would get much over 200 dollars !!
     
  6. superc

    superc Active Member

    On Ebay they are calling those 'love dollars.' Price is low. Nothing destroys a coin more than a mark.
     
  7. Victor

    Victor Coin Collector

    I would say between $75 and $120 depending on the buyer.
     
  8. bigjpst

    bigjpst Well-Known Member

    This is not what would be considered a Love token. This would be more likely considered damage or graffiti.
     
  9. Victor

    Victor Coin Collector

    I just sold one that was ex-jewelry. The obverse was nice, XF to AU but the reverse had a small blob of solder at 12 o'clock. It sold for $120.
     
  10. Victor

    Victor Coin Collector

    I also had one with heavy scratches on the back. The face was nice, maybe AU-58.
    It sold for $90 when gold was a bit higher.
     
  11. ashikunn

    ashikunn Active Member

    Thanks for the info!


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