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Has anyone ever seen a fake 1/2 ounce Marion Anderson coin?
CARDSANDCOINS
Posts: 340 ✭✭✭
Had a lady bring one in the other day and she kept saying "Dont test! Dont Test!"
It weighed right but she kept pressuring me for a price so I handed it back to her and she left.
Any feedback is appreciated!
Tim
cardsandcoins
It weighed right but she kept pressuring me for a price so I handed it back to her and she left.
Any feedback is appreciated!
Tim
cardsandcoins
0
Comments
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
In honor of the memory of Cpl. Michael E. Thompson
Eric
Eric
I'm surprised no one has sued him over something that he has ruined.
Perhaps this lady has been to this guys shop.
I have never seen a counterfeit US gold medallion.......
(BE CAREFUL OUT THERE!)
This week we have a guy from Craigslist selling Morgan dollars for $22 each at the toll-way rest-stop.
He sold one guy 50 for $1100 including a 1893-S.
<< <i>We have a buying clown here locally that files a gouge in everything and hits it with acid. Be it a watch, coin , ring......whatever.
I'm surprised no one has sued him over something that he has ruined.
Perhaps this lady has been to this guys shop.
I have never seen a counterfeit US gold medallion....... >>
You apparently have never been on the gold buying side.
Counterfeits are not only coins.
I always feel badly when I witness a nice piece ruined with a file, but I'd feel worse paying $75.00 a DWT for gold-shelled brass.
But on scrap , if we arent sure we test. On thick pieces , I give a price, but then tell the customer that I have to cut it and test direct, if they let us , if okay, we buy > if not then I let em walk.
Profit margin is not worth the risk of buying a bad gold
And beleive me there is a lot of bad gold out there!!!
several people buy gold from people they know then bring it to us to sale for a quik profit, some get burned, becuase they were not careful.
Had a guy who bought a 2850.00 piece last week, he brought it to us to sell, we would have bough it at 3400.00 ,and he would made a nice profit in less than 1 hour, but it was bad. (heavily plated)
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
My guess is her husband wanted her to get a buy price on it and told her not to let them test it and make a mark on it. She was nervous about him yelling at her if she came back with a mark on it. If she hadn't said anything you wouldn't have tested it and all would have been good.
--Jerry
<< <i>
<< <i>We have a buying clown here locally that files a gouge in everything and hits it with acid. Be it a watch, coin , ring......whatever.
I'm surprised no one has sued him over something that he has ruined.
Perhaps this lady has been to this guys shop.
I have never seen a counterfeit US gold medallion....... >>
You apparently have never been on the gold buying side.
Counterfeits are not only coins.
I always feel badly when I witness a nice piece ruined with a file, but I'd feel worse paying $75.00 a DWT for gold-shelled brass. >>
I'd say "You can do whatever you want after you own it. I'll wait here with cash in my hand while you deface it and we'll undo the deal only if it is fake." --Jerry
Yeah, right. It wouldn't be my cash from behind the counter though. I don't pay in cash. Ever. If you can hand over $800+ cash to someone you don't know and expect them to just hand it back, then you are the most gullible human I've ever known. Of course you might try to physically restrain them from leaving and in the process get yourself injured or killed. Great idea Jerry.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
<< <i>"I'd say 'You can do whatever you want after you own it. I'll wait here with cash in my hand while you deface it and we'll undo the deal only if it is fake.' --Jerry"
Yeah, right. It wouldn't be my cash from behind the counter though. I don't pay in cash. Ever. If you can hand over $800+ cash to someone you don't know and expect them to just hand it back, then you are the most gullible human I've ever known. Of course you might try to physically restrain them from leaving and in the process get yourself injured or killed. Great idea Jerry. >>
I'm guessing Jerry doesn't trust coin/bullion dealers.
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
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
<< <i>"I'd say 'You can do whatever you want after you own it. I'll wait here with cash in my hand while you deface it and we'll undo the deal only if it is fake.' --Jerry"
Yeah, right. It wouldn't be my cash from behind the counter though. I don't pay in cash. Ever. If you can hand over $800+ cash to someone you don't know and expect them to just hand it back, then you are the most gullible human I've ever known. Of course you might try to physically restrain them from leaving and in the process get yourself injured or killed. Great idea Jerry. >>
Perhaps it's my graying temples and conservative dress but people seem to trust me. --Jerry
PS Cash or check, no difference.
<< <i>Do you know how funny it is to see flippant remarks from a part time internet based bullion dealer who covers all his bases very carefully, but thinks those principles don't apply to a shopkeeper?
Although I don't have a shop, I do have quite a bit of in-person deals. Just got a message last night from a guy in a neighboring town wanting to do a cash deal for a $2500 coin. --Jerry
However, the amount of fake scrap coming into B&M's keeps growing as spot prices remain at record highs. There are organized rings that prey on shops. For this reason I can understand the shopkeeper passing on an item he was suspicious of (and the way a would-be seller acts can be legitimate grounds for suspicion).
When I was working in a B&M, I always had the options of performing a specific gravity test on questionable items. Takes five minutes to set up and perform. Properly done, it is more accurate than a scratch test.
TD
<< <i>"I'd say 'You can do whatever you want after you own it. I'll wait here with cash in my hand while you deface it and we'll undo the deal only if it is fake.' --Jerry"
Yeah, right. It wouldn't be my cash from behind the counter though. I don't pay in cash. Ever. If you can hand over $800+ cash to someone you don't know and expect them to just hand it back, then you are the most gullible human I've ever known. Of course you might try to physically restrain them from leaving and in the process get yourself injured or killed. Great idea Jerry. >>
Cash in hand, done deal.
<< <i>I can understand the owner not wanting something tested with a file.
However, the amount of fake scrap coming into B&M's keeps growing as spot prices remain at record highs. There are organized rings that prey on shops. For this reason I can understand the shopkeeper passing on an item he was suspicious of (and the way a would-be seller acts can be legitimate grounds for suspicion).
When I was working in a B&M, I always had the options of performing a specific gravity test on questionable items. Takes five minutes to set up and perform. Properly done, it is more accurate than a scratch test.
TD >>
Agree that the specific gravity test is the best non-destructive test (it was good enough for Archimedes) but I doubt most B&M coin shops have the equipment or expertise to perform this test. The nitric acid test is generally fool proof, quick, and easy but you need to first notch the piece being tested to break through any heavy gold plating. Not a problem for scrap gold going to the melting pot but not suitable for a coin or medal that will be resold as a collectible. The best test for a coin is to weigh it and measure the diameter and thickness and compare the results to that coin's specifications. This won't work with most counterfeit U.S. gold coins with a high numismatic premium since they are normally made to proper mint specifications including gold content and fineness. Also, it helps to do a detailed comparison of a suspect coin with a known genuine specimen.
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
BTW- good for you Jerry. How many 100 oz. poured silver bars have you bought for cash lately?
Ever heard of an element called lead?
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
<< <i>Let's not lose sight of the OP's title question. It would have been simple enough to weigh the medal and check it against the Mint specifications, with an additional quick probe by an electronic gold testing meter (non-destructive). With proper weight and fineness indicated, the behavior of the potential seller might only be an issue if the material was suspected to be stolen goods. Apparently the OP has not yet afforded himself of the technology of an electronic gold tester. I would have reacted the same way given the same set of circumstances.
BTW- good for you Jerry. How many 100 oz. poured silver bars have you bought for cash lately?
Ever heard of an element called lead?
What are the Mint specifications for a half ounce American Arts Medallion?
<< <i>
<< <i>We have a buying clown here locally that files a gouge in everything and hits it with acid. Be it a watch, coin , ring......whatever.
I'm surprised no one has sued him over something that he has ruined.
Perhaps this lady has been to this guys shop.
I have never seen a counterfeit US gold medallion....... >>
You apparently have never been on the gold buying side.
Counterfeits are not only coins.
I always feel badly when I witness a nice piece ruined with a file, but I'd feel worse paying $75.00 a DWT for gold-shelled brass. >>
To the contrary......I've been in this business for 33 years. I don't have to ruin something in order to determine its authenticity. You should gain knowledge and develop skills in your chosen field. If you don't, like the clown I wrote about, then you should be in a different business.
<< <i>17.2777 grams, 27.00mm dia., 2.16mm thick, .900 fine >>
Thank you.
For the record, where is that published?
http://www.onlygold.com/
A:"17.2777 grams, 27.00mm dia., 2.16mm thick, .900 fine"
"Thank you. For the record, where is that published?"
How about in the United States Code, which is the official publication of laws passed by the Congress of the United States. The specific law establishing the standard of the Marian Anderson medal is:
Pub. L. 95-9, March 8, 1977, 91 stat. 18
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
<< <i>
<< <i>
<< <i>We have a buying clown here locally that files a gouge in everything and hits it with acid. Be it a watch, coin , ring......whatever.
I'm surprised no one has sued him over something that he has ruined.
Perhaps this lady has been to this guys shop.
I have never seen a counterfeit US gold medallion....... >>
You apparently have never been on the gold buying side.
Counterfeits are not only coins.
I always feel badly when I witness a nice piece ruined with a file, but I'd feel worse paying $75.00 a DWT for gold-shelled brass. >>
To the contrary......I've been in this business for 33 years. I don't have to ruin something in order to determine its authenticity. You should gain knowledge and develop skills in your chosen field. If you don't, like the clown I wrote about, then you should be in a different business. >>
Is it superiority or anatrosity I detect???
<< <i>Q:"What are the Mint specifications for a half ounce American Arts Medallion?"
A:"17.2777 grams, 27.00mm dia., 2.16mm thick, .900 fine"
"Thank you. For the record, where is that published?"
How about in the United States Code, which is the official publication of laws passed by the Congress of the United States. The specific law establishing the standard of the Marian Anderson medal is:
Pub. L. 95-9, March 8, 1977, 91 stat. 18 >>
That is the law for the Marian Anderson Congressional Gold Medallion, which was presented to her by First Lady Rosylyn Carter, not the American Arts Medallion with her image on it.
<< <i>The internet.
http://www.onlygold.com/ >>
That is an interesting chart, but is privately published. I notice several errors on it. I happen to know the dealer that publishes it, and will contact him directly with the corrections.
I ask again:
What are the Mint specifications for a half ounce American Arts Medallion?