Help with a Quarter eagle Indian - signs of fake?
Numismatico
Posts: 2 ✭
Hi, I am thinking of buying this 2 1/2 dollar Indian online and would like your help to look for any signs that it might be a fake one. I don't have possibility to weigh och measure so I have to look at the pictures. Grateful for any input!
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Comments
Appears to be real and a well circulated XF. This series has been very heavily counterfeited. I suggest that you save your money and buy one in a major grading service slab that's at least AU.
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
The condition is not a problem for me, if bought at the right price, as long as it’s genuine.
Agree with @PerryHall. If I had to pick one coin that Novice collectors should avoid buying raw, it would be Indian Quarter Eagles.
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Looks alright but would also highly recommend buying a graded example due to the high number of counterfeits of this series.
Collector
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Bad news probably the most counterfeit of all US gold coins, good news most of the counterfeits are gold, so..... I guess if you can buy it under melt. However it wouldn't be for me. I agree with others, if you are a novice and want to have a gold quarter eagle buy one in a slab or at least from a reputable dealer who will stand behind it.
it's crackers to slip a rozzer the dropsy in snide
If you can't tell... and clearly you can't... then either buying from a reputable seller and/or buying certified will save you money in the long run. If you go bargain hunting, sooner or later you are going to get burned.
I would add the Half Eagles to that list as well. Hard coin to grade...period.
I don't understand why novice collectors have this affliction: buying the most difficult coins to grade and buying them raw. We ALL did it at one time or another. You'll get advice saying "don't do it!" but you never listen. Weird....
jom
Because they want cheap. Until cheap ends up costing them, they keep bargain hunting on Facebook
Probably genuine. Possibly ex-jewelry.
Would make a great ball marker!
I see some cleaning marks in front of the Indian’s face in front of the neck up to his lips. The value of the piece is tied to its melt value. The piece does look genuine.
Given the number of counterfeits of this type, TPG certification is highly recommended. Even if it’s made of gold, getting caught with counterfeits takes the fun out of collecting.
It's real but cleaned at some point and still has gunk residue in a few crevices.
RIP Mom- 1932-2012
Pass.
Most of the advice above comes with a pretty rich price tag. Not so sure about picking these up on eBay but if you can purchase from a reputable dealer you can pick something like this up with a fair premium lately. Picking up the best raw gold is the only way to come out on top. Expect to pay considerably more to follow the advice above. This is especially true with $2300 gold plus grade inflation. I have bought many raw quarter eagles without a problem.
Counterfeits are generally of the same gold content of the originals so getting burned will limit almost all of the downside. In my opinion, while there are some out there, after looking at real and counterfeits for some time you will notice the difference. Do plenty of homework before diving in but the fake coin story is quite overblown. JMHO
Mark