Is $100 a foolish bid for this 1852 $1 gold coin?

Bugs

Please advise....


Is $100 too much to bid on this 1852 $1 gold coin? (sorry about the size proportion)

~*Bugs*~

XpipedreamR

I'm no expert, but unless I'm missing something, it doesn't seem too much at all.


Assuming it's real, of course.

tjkillian

Unless it is counterfeit, the coin looks like a MS-63 to me. No, $100 would be a very nice price.

Tom

lathmach

Be careful about buying these raw. There's a lot of counterfeits around. I've seen a lot of 1853 dated ones that were bad.

Ray

coinguy1

Bugs - nothing against the seller, as I don't know who he or she is.

But, unless it's someone with an impeccable reputation, I would be concerned about the coin's authenticity and would recommend that you NOT take the risk.

Bugs

Dang it....I already have, and....

This is who it is!

What do you think....my maximum bid is $100.

~*Bugs*~

mgoodm3

You'll probably be outbid at $100.

Bugs

That's what I'm hoping....that I'll be outbid! I bid on a foolish whim!



~*Bugs*~

Libertad

Ah, bidder's remorse! I'd like to have it for that price, but agree that caveat emptor for the series in raw
specimens of this type is prudent.

I see the seller is liquidating a friend's collection. As such, if not authentic, is the sellor exempt from
culpability as providing 'only a venue'?

I didn't see a return policy stated...

jdimmick

If genuine, that coin would be a real great buy, but I dont think it is!

pontiacinf

it seems this is a beautiful example, but im concerned with the seemingly raised areas on the obv ...almost like its a cast copy...date seems well struck even though most in that era (1852-53) the date is usally weak...

Bugs

The current bid is at $73.00. Is there anyway to reduce my maximum bid to the current bid?



Thanks all for replying,
~*Bugs*~

clw54

It looks too good to me.

Bubblehead

I myself, wouldn't worry one bit. Someone will outbid you...

MadMarty

Yep, I agree you will get outbid!

FC57Coins

I agree with the Poindexter guy - gotta be real careful when buying raw gold - much less from Ebay!

tsacch

looks nice, but not my area.....i was concerned with the obverse raised area as well.

the big three plastic tombs are kinda worth it ..........I guess

coinkat

I don't like this coin... there is a reasonable probability that this coin is not authentic. I really wish that I could be more optimistic.

ConstellatioCollector

Is the seller trustworthy (good feedback)? Is he/she willing to give a money back guarantee? These are questions that you should be asking the seller prior to bidding.

I am speaking from experience. I've been screwed because I wasn't knowledgable enough on Gold Coinage and by the time I had received the coin in a body bag stating "Authenticity Questionable" the seller was nowhere to be found.

If this coin is genuine, then the $100.00 is a great price.

Jim

nwcs

You can always retract your bid, since there is still 3+ days left

relayer

Having bought them myself, I can attest that there is plenty of raw gold on eBay that is cleaned/whizzed/counterfiet.

I count anything outside PCGS,NGC or ANACS as raw.

darktone

I have bought quite a few counterfiet $1 gold pieces on ebay in the last few years. I won't even look at raw $1 gold anymore on ebay. I think half the raw coins are counterfiet- maybe more. mike

Bugs

I certainly appreciate all the responses I've gotten to this thread. I think it goes to show that if you are very specific in your title, you will get a good response by those who are experienced with your particular situation. I use to use a short title, thinking it would arouse curiosity, and it would only get half as many replies. I have also gotten several PM's....for which I'm also very appreciative.

BTW....the current bid is up to $93.00+, so it does look as if it is going to go over $100....whew!

Thanks again everyone....you're great!

~*Bugs*~

mgoodm3

At $96.95, almost there.

fountainheadgold

Do not worry you will be out bid

ms70

It just doesn't look right to me. I think it's fake.

Conder101

Bugs, I don't think you will have to worry about being outbid. But if you aren't and it does turn out to be fake (Which personally I think it is, don't ask why because I realy can't explain it more that it just looks odd and seems to ave some raised spikes in the fields that concern me.) it is attractive enough that I would take it off your hands for $125. That's more than a counterfeit is worth but this is appears to be a very nice one.

BillF

If you're worried that it might be a conterfeit, then I see from the auction page that they accept (and prefer) PayPal. I'd use that and opt for the Buyer Protection stuff, and if it is a fake, you "should" be covered.

sinin1

fake -> color, denticles, hair details



$100 is kinda pricey for a counterfeit with somewhere $30 of gold bullion value


Even if you get this coin, will cost you another $15-35 to send to ANACS/PCGS to find out a fake and with all of mailing and slow turnaround, will be hard to collect on 30 day return




if you win, sell to KEETS or try to talk the guy into you paying to send to grading company and if real, buy the coin - if fake, refund grading fees

Bubblehead

Hey, Bugs!
You are out of the woods!!!!

fountainheadgold

Free

mgoodm3

Sweet.

BillJones

The coin looks real to me. The blob in front of the nose is normal for this date, and the sharpness and surfaces appear to be OK. But the color looks to be too light in the photo to be original. I'd say that this piece has been dipped, which is why it's not in a slab.

Given the sharpness this coin could bring from $175 to $250. If a couple of people think it will get into a slab as an MS-63, it could bring a lot more. If it does, the buyer might be disappointed.

Bugs

Whew......

Thanks to all who responded, and to Condor who offered to bail me out....I've learned a valuable lesson....best of all....I don't have to fess up to the hubby!

You are all terrific!

~*Bugsy*~