Anyone have a "Regulated" coin from the early days?
topstuf
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If so, would you post it?
I've been in the doldrums but just saw an article on colonial regulated coins and started getting some juices going again.
??????
Regulated coins are generally foreign gold adjusted to US standard and counterstamped by whoever did the adjustments.
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Have you talked to member “Regulated” on here?
See the attached file.
Also see the Edward Roehrs Collection of United States Regulated Gold (2010 Heritage catalog).
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
There is a great link in this thread:
https://forums.collectors.com/discussion/comment/12379133#Comment_12379133
I followed this one that appeared on ebay last year, but the bidding went beyond my budget at the time.
https://forums.collectors.com/discussion/1015790/brasher-2-gold
Pacific Northwest Numismatic Association
At Long Beach show I saw pic of a coin that blew me away ........cannot divulge at this time .....suffice it to say a article is being written.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
"Regulated" coins are coins that have been examined by a trusted expert to assess its value purely based upon the bullion value of the coin. Sometimes a portion of the coin would be cut off, so that it would be a precise value at a lesser amount of bullion, and sometimes plugs of different sizes may be inserted in the coin to bring it up to a precise value at a larger amount of bullion, such as this one:
While these coins were clearly altered after they were struck, these are highly sought after in the coin market, and bring BIG money!
Who was GS ?
I give away money. I collect money.
I don’t love money . I do love the Lord God.
When it was sold 3 years ago, Heritage could not identify GS, but the coin sold for big money. (It was certified by NGC, and encapsulated as such.)
Of sorts...
I know it's not what you meant, but in a way very similar.
@cardinal....What was the purpose of the three omega stamps on the obverse? Or is that also unknown? Cheers, RickO
Those are G’s.
Well I'll be darned.... @CaptHenway ...You are, of course, correct.... I didn't look at them correctly....Thanks...Cheers, RickO
Don't feel bad @ricko, I saw them as omegas too
It was probably to prevent clipping which was a common practice with gold coins at this time.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Decades ago, I handled one "Regulated" coin while at the Certification Service in DC. It was a Portuguese gold coin with the Brasher counter stamp. It took several months to certify including hands-on MICROSCOPIC comparisons to the stamps on other Brasher pieces held in museums.
Apparently today, there are many "Regulated" coins in the market that are fakes. One TPGS got seriously burned on these coins. I believe they relied on the outside opinion of "experts." Personally, I would not trust the opinion of any TPGS or auction house in the US on these coins UNLESS I knew what/how/and who went into the final certification.