Discussion in 'Bullion Investing' started by imperial-coin, Jan 4, 2020.
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The coin was busted out of the slab by my late grandfather the previous owner, he kept the lookup number and grade slip from the slab . He liked holding the gold in his hand he stated and not having it cooped up in plastic.
1.8 grains is only a little over a tenth of a gram. Let's break down the possibilities.
The Mint allows a certain tolerance (variation) in coin weights. For double eagles, though, that tolerance is very small -- 0.5 grains.
Coins do lose weight through circulation, but very slowly until they're quite heavily worn. One of our moderators carried a gold coin as a pocket piece until it was worn down to about F15, and reported that it lost only 0.003 grams. This is still a topic of contention on the forum; some think that coins can lose more weight at earlier stages of wear, even if they don't have to.
Most consumer-grade scales aren't super-accurate, and a 1/10-gram variance isn't surprising. What's the resolution of your scale, the smallest weight difference it can report? If you put a small scrap of paper on top of the coin while you're weighing it, does the reported weight change? Have you weighed the coin multiple times with the same scale, or weighed other double eagles with the same scale?
Sorry for peppering you with questions, but I come from a chemistry background (among others), and I sometimes get all worked up about weighing things.
Bottom line: if NGC authenticated it (and the NGC slab itself wasn't fake), it's almost certainly real. The weight variance you see probably isn't cause for worry. But it's worth more investigation.
Do try adding little scraps of paper to the scale while the coin's on it, and see how the readout changes.
Maybe in the old days, but now the Chinese counterfeits are so realistic ungraded and graded and the cores are made out of Tungsten. I bought 3 1908 St Gaudens, 2 1908's & 1 1908-D on EBAY from China which were advertised as copies for $3.00 each S&H included, The copies were almost perfectly struck the edges were blank and the obverse , reverse were off centered and they weighed 25 grams . They might have been test runs for the real counterfeits. The seller was shut down a few weeks later before I could buy more. Beware of the Chinese Fakes proliferating EBAY. Check out the EBAY sale I posted earlier what seller would let go a genuine 1924 St Gaudens for $200.00 ? The pictures look real but it has to be a fake. Check link below
Who would buy a 1924 St Gaudens $20 gold for $200 from China? Not me. There are no bargains like that for gold.
Ebay is the biggest fence for stolen and counterfeit merchandise on the planet, and don't really care to stop it as long as they get their 10%.
Very odd -- in the feedback for that transaction, the closing price is listed as $1175; still well below spot, but not quite as unrealistic.
Striking a counterfeit out of gold clad around a tungsten core has got to be very different from striking up a typical $3 base-metal copy. I don't think they'd be able to wrap a tungsten core in anything and strike it up for $3. But I'm no expert.
I did not say they would strike a tungsten core fake for $3.00 . My guess is they were practice runs on the dies . As I stated the weights were well under a Double Eagles weight.
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