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Gold Value in A Counterfeit Double Eagle
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<p>[QUOTE="Agilmore01, post: 2055683, member: 45687"]I took my gold type set that I inherited from my grandfather recently to my LCS. The dealer is a contributor to the annual Redbook, so he knows his stuff. He looked over each one with his loupe and said my 1898 Double Eagle is fake, my $1 Type 2 is fake, and my $5 Indian Head is fake. He said that many of the fake gold coins from the 70's were made with real gold, and sometimes at slightly higher purity. </p><p><br /></p><p>I have wanted a riding mower for years and a bagger to suck all my leaves, which are still on the ground. I have considered selling the coin to him as counterfeit currency gold and using the proceeds to get my mower. He currently keeps a small stash of counterfeits he will only sell to people he knows won't recirculate them, but wants the bullion.</p><p><br /></p><p>How much could I realistically expect to get for the gold content out of these? How much for the $20, $5, and $1?[/QUOTE]</p><p><br /></p>
[QUOTE="Agilmore01, post: 2055683, member: 45687"]I took my gold type set that I inherited from my grandfather recently to my LCS. The dealer is a contributor to the annual Redbook, so he knows his stuff. He looked over each one with his loupe and said my 1898 Double Eagle is fake, my $1 Type 2 is fake, and my $5 Indian Head is fake. He said that many of the fake gold coins from the 70's were made with real gold, and sometimes at slightly higher purity. I have wanted a riding mower for years and a bagger to suck all my leaves, which are still on the ground. I have considered selling the coin to him as counterfeit currency gold and using the proceeds to get my mower. He currently keeps a small stash of counterfeits he will only sell to people he knows won't recirculate them, but wants the bullion. How much could I realistically expect to get for the gold content out of these? How much for the $20, $5, and $1?[/QUOTE]
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