These are the two gold coins that I inherited from my parents recently. I will probably send them in for grading and slabbing, but I thought I'd run them by you pros just to see what you think. Of course, they are pics, and it is somewhat impossible to accurately grade using this method, but any ballpark estimates would be appreciated! Thanks, ~neuron
By all means - have them authenticated. Based on the pics I'd say the '56 is EF and the '11 may have a shot at AU.
I was going to ask how a coin with its rims completely worn off could have a shot at AU, but luckily I checked the Red Book before putting my foot in my mouth. Lo and behold, not only did that series skip going through the upset mill, it has incuse devices and legends.
Ya never know Satootoko - there have been times when I just couldn't decide which tasted better - my left foot or my right foot
concur with GDJ. Common dates in these grades usually go for 130-170 on ebay even if they book out higher. Deals to be had. I collect the $5 Indians, bought a 2.5 to make a coin ring.
Nice, thanks for your help everyone! I'm going to take them to my local coin shop dude along with a handful of others, to see which would make the most sense to send away for authentication. Oh, and can someone please explain the following sentence to me in non coin-guru speak? I'm having the most difficulty with "upset mill" and "incuse devices and legends". The rest of the words and terms I am familiar with. Thanks! ~neuron
Quite simple actually - the upset mill is the process whereby a blank coin planchet receives its rim prior to the coin being struck. In effect a planchet - a smooth round piece of metal - goes into a machine that pushes rollers up against the edge with pressure. The pressure pushes the edge inwards and forms the raised rim. Then the planchet goes into the coin press where it is actually struck and turned into a coin. As for incuse - there are two ways a coin be struck. The devices of the coin will either be in relief - or raised on the surface of the coin - or they will be incuse - or lowered into the surface of the coin. The vast majority of coins are struck in relief. Very few have ever been struck with incuse devices.
