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Help on an ICG educational slabbed gold piece?

burfle23burfle23 Posts: 2,190 ✭✭✭✭✭
edited March 16, 2024 3:54PM in U.S. Coin Forum

Owner posted in a Group I am a member of and asked for info on this one. States it is genuine gold, but cropped the slab label info:

I have coins in the counterfeit holder as well- just looking for info on this particular one.

Comments

  • Saw this on FB - I was considering asking for a full picture of the slab.

  • MWallaceMWallace Posts: 3,854 ✭✭✭✭✭

    It's a counterfeit coin that was made with a gold planchet.

  • burfle23burfle23 Posts: 2,190 ✭✭✭✭✭
  • BStrauss3BStrauss3 Posts: 3,158 ✭✭✭✭✭

    What is melt value?

    -----Burton
    ANA 50 year/Life Member (now "Emeritus")
  • PerryHallPerryHall Posts: 45,400 ✭✭✭✭✭

    @BStrauss3 said:
    What is melt value?

    Same as any other double eagle (0.9675 X spot).

    Worry is the interest you pay on a debt you may not owe.

  • Namvet69Namvet69 Posts: 8,670 ✭✭✭✭✭

    Gotta love that caution tape type label!

    BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall

  • BStrauss3BStrauss3 Posts: 3,158 ✭✭✭✭✭
    edited March 18, 2024 6:24AM

    @PerryHall said:

    @BStrauss3 said:
    What is melt value?

    Same as any other double eagle (0.9675 X spot).

    Nope.

    https://www.pcgs.com/coinfacts/category/territorial/california-gold/u-s-assay-office-1852-1853/1725

    /a/It doesn't purport to be a double eagle, it purports to be a $20 assay office piece, .900 vis the DE .916

    /b/ WIthout seeing the entire label, there's no indication that it's.900 gold - the ".900 thous" is the piece it is pretending to be, not actual tested gold content.

    -----Burton
    ANA 50 year/Life Member (now "Emeritus")
  • PerryHallPerryHall Posts: 45,400 ✭✭✭✭✭

    @BStrauss3 said:

    @PerryHall said:

    @BStrauss3 said:
    What is melt value?

    Same as any other double eagle (0.9675 X spot).

    Nope.

    https://www.pcgs.com/coinfacts/category/territorial/california-gold/u-s-assay-office-1852-1853/1725

    /a/It doesn't purport to be a double eagle, it purports to be a $20 assay office piece, .900 vis the DE .916

    /b/ WIthout seeing the entire label, there's no indication that it's.900 gold - the ".900 thous" is the piece it is pretending to be, not actual tested gold content.

    Since when has a Double Eagle ever been .916 fine? It's always been .900 fine. Perhaps you're confusing it with an AGE which is 22K or .916666,,.. fine

    Worry is the interest you pay on a debt you may not owe.

  • BStrauss3BStrauss3 Posts: 3,158 ✭✭✭✭✭

    Yeah, you're right - fallibility of memory.

    Still - the educational label means counterfeit and w/o seeing the full label (which may or may not have information about the metallic content), it's not necessarily full weight. Could be old and plated. Could be a contemporary counterfeit made from lower-purity gold. Could be modern and plated.

    -----Burton
    ANA 50 year/Life Member (now "Emeritus")
  • PerryHallPerryHall Posts: 45,400 ✭✭✭✭✭

    @BStrauss3 said:
    Yeah, you're right - fallibility of memory.

    Still - the educational label means counterfeit and w/o seeing the full label (which may or may not have information about the metallic content), it's not necessarily full weight. Could be old and plated. Could be a contemporary counterfeit made from lower-purity gold. Could be modern and plated.

    Quality counterfeit gold coins meant to deceive collectors almost always meet mint specs for size, weight, and fineness since these characteristics are easy to check in a non-destructive manner. Perhaps @Insider3 who works at ICG can shed some light on this coin.

    Worry is the interest you pay on a debt you may not owe.

  • johnny9434johnny9434 Posts: 27,494 ✭✭✭✭✭

    that .900 looks like it was just gorilla glued on :(

  • Insider3Insider3 Posts: 260 ✭✭✭

    The missing label should read 1853 $20 Not Genuine. This guy is using a misleading image to help sell the coin.

  • KOYNGUYKOYNGUY Posts: 102 ✭✭✭

    Check the Feb 1994 issue of The Numismatist for my Write up on this Counterfeit. John
    Ford threatened to sue me and the ANA over it. A Franklin Hoard item circa 1967.
    J.P.

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