MJ, You should buy yourself a Red Book. It can answer questions like this and many, many, many others.
I guess you don't have a copy of CPG (the Cherrypicker's Guide). My copy of CPG Vol I (5th Edition) values the coin at $135 in F-12 as compared to...
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...
Proof Coins from that era were Matte Proof. The dies were sandblasted so Matte Proof coins have a granular surface, not a mirror finish like other...
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...
What makes you think it is a Proof? I don't see any characteristics that would indicate it is a Proof. Does it have a Proof edge?
You better hope he doesn't get mad when you tell him it doesn't even have any silver. The coin is worth only what someone is willing to pay for it...
GSA = General Services Administration The US Government struck millions and millions more silver dollars than were needed during the initial run...
That's correct. A cud occurs when the edge of the die breaks off. What you have is a minor die chip in the date.
Rob, That is not Blakesley effect. Blakesley effect is weakness in the rims directly opposite a clip, not weakness in strike on the opposite...
Without photos we are only guessing. But my guess is "no". Mintmarks were punched into working dies by hand back then. The mintmark can and will...
What more evidence do you need? 1879 was a Proof-only year for Trade Dollars. San Francisco did not strike Trade Dollars in 1879. If there is no...
Dave, We did not mean to imply that you cannot make money by cherrypicking coins. If you can buy a coin that is undervalued (which is I think...
The cost of grading would exceed the coin's value. You could try looking the coin up in 'The Cud Book' (I think that is the name of the book)...
Yep, that's a nice cud. Good find.
The coin cannot be repaired. It is a damaged coin. (If it was a super rare coin you could probably find someone that could repair it but that...
Are you a collector or an investor? If, as you say, you "expect to realize a profit on all (your) purchases" you should stop buying coins today....
I disagree. It is only worth 50 cents (unless you can find someone who is foolish enough to pay extra for it). And if "the weight was what a clad...
Have you weighed it?
I'm with Conder here. IF THE COIN IS GENUINE my guess is it will bring more than a "common" railroad rim Morgan but less than a '93-S in the same...
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