1854-O $3 Gold Eagle.

I figure since it's not a very big auction house, and it's in-house or phone only, unless there's another numismatist there, it'll go for somewhere around $400, leaving plenty of room to flip it for a profit.

 

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That coloring's all wrong. I agree that it has been cleaned, probably heavily. Probably not something to extend very much for.

 

I think it's worth sending in to a TPG just for authentication purposes before even considering a sale. $3 gold coins are heavily, and I mean HEAVILY counterfeited. My first bad coin experience was from buying a counterfeit 1855 $3 gold coin.

I can't tell if it's authentic one way or another from the pics, though nothing jumps out at me as suspect. Did you buy this on ebay? Was the source reputable?

Anyways, even if cleaned, it's a great coin to own if genuine; but getting that confirmed would be the most important thing to me.

 

I don't think problem coins are easy to flip... If it's not desirable to you, it probably isn't to anybody else. Knowing that it will be bodybagged or fake...

 

too harshly cleaned to be worth flipping.

 

It's part of a local estate auction being sold next to these other coins;

 

Bump. Looked at it today and put a low bid in. If I win it, hey! If not, oh well. Any of the other ones look like anything worth bidding on to you guys?

 

Forgot to mention, there were 4 other people there to check them out yesterday during the 40 minutes I was there. They're estimating it goes for 4-6 hundred without buyers prem.

 

Hammer price: $2200. I was talking to another fellow interested in it. When we heard the opening bid was $1100, we both laughed.

If you factor in the buyers premium and sales tax, the final price was $2596.

I'm tempted to buy a slabbed harshly cleaned, and break it loose, then auction it off there.