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1855 $3 Princess Gold... real or fake and grade?
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<p>[QUOTE="Market Harmony, post: 1086205, member: 20154"]Yes, all the pictures that I have posted are of the same coin. The coin is counterfeit. </p><p><br /></p><p>I picked it up from a guy in a non-coin environment (red flag #1), he only wanted $400 for it (red flag #2), details looked "mushy" upon brief inspection (red flag #3), seller was open to trade for another coin of lesser value (red flag #4)...However, these red flags weren't totally discouraging. I've been in the "game" long enough to know that it was gold, and I had my suspicions that it was fake, but I still wanted the coin.</p><p><br /></p><p>So, I figured that the worst that I could do it pay his price and learn about the coin. Don't get me wrong, $200 is a considerable amount to potentially lose on the deal (paid minus melt), but in the long run, this "loss" will not matter to me... and that's the only important part... how I perceive the transaction.</p><p><br /></p><p>That $200 was tuition. From what I learned and was able to share, $200 was a deal. Hands on experience beats anything from a book. Books are written by those who have experience, not by those that read other books. I'm not saying that I am writing a book, but I am saying that I can intelligently speak on the dynamics of this particular deal and relay that information to others with better understanding and insight than what any book can give.</p><p><br /></p><p>So, some may say that I lost, but I look at this as a win for me. I hope those that followed this thread got something from it. My wins increase with every person that learned something by reading this thread.[/QUOTE]</p><p><br /></p>
[QUOTE="Market Harmony, post: 1086205, member: 20154"]Yes, all the pictures that I have posted are of the same coin. The coin is counterfeit. I picked it up from a guy in a non-coin environment (red flag #1), he only wanted $400 for it (red flag #2), details looked "mushy" upon brief inspection (red flag #3), seller was open to trade for another coin of lesser value (red flag #4)...However, these red flags weren't totally discouraging. I've been in the "game" long enough to know that it was gold, and I had my suspicions that it was fake, but I still wanted the coin. So, I figured that the worst that I could do it pay his price and learn about the coin. Don't get me wrong, $200 is a considerable amount to potentially lose on the deal (paid minus melt), but in the long run, this "loss" will not matter to me... and that's the only important part... how I perceive the transaction. That $200 was tuition. From what I learned and was able to share, $200 was a deal. Hands on experience beats anything from a book. Books are written by those who have experience, not by those that read other books. I'm not saying that I am writing a book, but I am saying that I can intelligently speak on the dynamics of this particular deal and relay that information to others with better understanding and insight than what any book can give. So, some may say that I lost, but I look at this as a win for me. I hope those that followed this thread got something from it. My wins increase with every person that learned something by reading this thread.[/QUOTE]
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1855 $3 Princess Gold... real or fake and grade?
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