Discussion in 'US Coins Forum' started by Kevin Farley, Jul 14, 2020.
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Why would it have been gold plated and who would have done it? Is that a common thing?
From your photos it looks like it was plated and now it's wearing off. Who knows why but plating is a fairly common thing. The most famous plating on a coin was the Liberty or V Nickel. Look it up as it fascinating.
@Kevin Farley Great read. You definitely look it up.
Like I said, it is fascinating.
And now we have the coins from China to muddy the water.
@Kevin Farley. Welcome to Coin Talk. Look on eBay and see how many plated coins are for sale. Most, if not all, collectors consider a plated coin as damaged.
Same reason as the nickel - There is nothing on these coins that say CENTS. So they were plated and attempted to be passed off as 3 dollars.
Probably wouldn't have worked very well, the size difference was way too great. It worked for the racketeer nickel because the nickel was 21.2 mm in diameter and the half eagle was 21.5 mm. The three cent nickel was 17.9 mm in diameter and the three dollar gold was 20.6 mm.
What about the newbies? Does what I wrote even make "cents."
Are there a lot of newbies buying 3 dollar gold pieces?
But, it looks like it was some kind of "gold wash".
Agree with post #10:
And perhaps they tried to pass it off as a 3 dollar gold coin.
Could be. There are a lot of new members and based on their questions, I would surmise many are young...
If they ask first I'll be happy to help them anyway I can, but if they buy first and ask questions later I'll advise, but I won't feel sorry for them.
There's the rub. Offer them at $300-400 with some BS about liquidation or stock sale, etc.
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