Bought this guy today, i'd rather not say what i paid... Got a heck of a good deal, they had no idea what it was minus the fact that it was gold! Any idea on grade and value?
I'm afraid you were the one that was taken advantage of. It looks like a pretty poor counterfeit to me. Compare the obverse to a genuine obverse in the Red Book. The look nothing alike. Are you sure it is gold?
It's gold, and weighs exactly 33.436 grams... You called it right it's counterfeit according to my coin shop here, but he said it's gold and he tested it. (paid $15 for him to do so) I still made out good, as i paid $800 for it after he tested it...
They seem to be, but most of the time they are faked with gold, so they are still valuable for the gold. It's usally an older neumastatic coin thats worth more than melt. But thats why most people like their gold in a graders holder, such as ANACS (my preffered choice), PCGS, NGC, etc...
I have 2 $2.5 Indians and 4 st.gaudens that I inhereited. I also have an 1853 $1 that ended up in my drawer at the bank a couple years ago. They appear to be circulated so they aren't worth grading then to verify auhenticity?
I dunno if it's gold or not but it clearly is not a real US coin - take a look at the headband where it says "Kellogg & Co". Apparently there is something to that as I found another thread with a similar coin... http://www.cointalk.com/t42373/ Post pictures of the entire front and back of the coin, if it is real gold and a real Kellogg coin it could be worth more then melt...
Whats the years on the quarter eagles ($2.5 indians) and what year is the st gaudens? And finally any mint mark on the 53 $1 liberty head?
1912, 1927 the st.gaudens all are 1924 as for the $1 I don't see any mintmark on the observe or reverse.
The 2 quarter eagles are worth about $275 or so and the st. Gaudens are worth about $1500 and the $1 liberty head is worth about $250... Thats the lower end of grades, and none of them are worth getting slabbed in my opinion. But it's a fair collection of gold!
How much gold did the dealer say the coin contains? Is the coin the correct diameter and thickness? Did the dealer do a SG (Specific Gravity) test on the coin? Am I to infer the coin is 90% gold and 10% copper because your coins "weighs exactly 33.436 grams" like a genuine Double Eagle? A genuine Double Eagle contains 0.9675 ounce of gold. With gold spot at about $1,400/oz that is about $1,355 worth of gold. Are you saying you bought a counterfeit coin with $1,355 worth of gold for $800?
Not sure what kind of testing he did, he just took it into the back and tested it, and said it was the same as a double eagles, and the gold content was worth about $1,350. The guy who sold it to me is a buddy who's pops just passed away and give this to him in his will, and he needed the money for rent so i told him if it was real gold i'd give him $800 for it taking the risk that it might not be real gold, or gold plated... He said it definatley was a counterfeit, and thats pretty clear after clicking on the link that jjk78 posted... I'll just hang onto it, and probably give it to my kids when i die. But i'm going to take it to another coin shop and get a second opinion.
I'm hoping that when he "took it to the back" he actually tested it for gold, not just checked that the diameter was the same as another coin for $15. When I have jewelry stores testing metals for gold, platinum, whatever, I watch the process and their plates and the reagents they're using right in front of me. Definitely get a 2nd opinion.
