Discussion in 'What's it Worth' started by Mahamid14, Sep 23, 2020.
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But this coin seems cleaned so sending in would be no good idea.
it's the "with motto" so it's the higher mintage one, and it pretty much in line with melt value as far as the price unless it's MS63 or 64 or better, and it's not.
The only question really is if it's real 90% gold at this point it could be a counterfeit, if it was made of the right gold alloy, it's not going to matter to the melt value, gold is gold.
Definitely been cleaned/resurfaced. Not sure as to "why".
Maybe someone wanted to try and sell it as a Matte Proof. Here's the real thing. This is currently bid on the Grey Sheet at $32,000 in PR-64.
I'd recommend a gram scale, one that actually reads 0.00g and not just 0g. Also an app called Ruler would be best. This app is good for measuring the diameter as well, pretty accurate.
Seems highly unlikely it's a worn Matte proof. stars are all kinds of wrong for a proof strike. but I'm not the professional grader, so my opinion is just an opinion. Maybe authentication might be worth the cost and gamble to the owner though, on the chance its a worn matte proof. LOL
the fees would go up considerably, if it is and they attribute it. it would no longer be an $800 coin.
I never said it was a Matte Proof. I said perhaps someone tried to make it look like one. Back in the day one method was to dip the coin in acid. Many years ago before there was third party grading and authentication, crooked sellers did all kind of stuff to stiff people. You would be surprised at how poor some people, who have money to spend, are at grading and noticing the small stuff on coins.
The Eric P. Newman biography talked about his battles with coin dealer, John Ford, who had a bogus “territorial gold coin” made up sell.
Circulated or worn Matte Proofs usually have shiny spots on them, which are breaks in the, in this case, dull surface. A short time later the surfaces for Matte Proof gold coins were brighter.
not sure it was found in a shelf in a vacant house a cool find thoug
thats a hell of a gamble
Even if it comes back not genuine, it still might be good gold though but any place buying or selling gold could test it once you get past whether it's genuine or not.
ANACS would cost roughly $19 for the grading with 15 day turn around, and $25 for the 2 way shipping w/ insurance. Just saying if somehow it is a matte proof that changes things considerably in the value and the cost to get it graded/ authenticated. this is worn so it won't even be proof 60, but if matte proof, PR60 starts at around an $8000 coin. it's gonna cost more than $19 if it were.
Worth POG + 50- 70 bucks
Not worth sending in.
Ask a coin dealer in your neighborhood about authenticy.
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