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SeattleSlammer
Posts: 10,055 ✭✭✭✭✭
Ll
1
SeattleSlammer
Posts: 10,055 ✭✭✭✭✭
SeattleSlammer
Posts: 10,055 ✭✭✭✭✭
Comments
XF/AU IMO. In a holder it has a lot more value than out.
Because of extensive counterfeiting of gold dollars in the pre-slab era much of their value is dependent on being in a top tier slab. That one may well be genuine but why take a chance?
Before I offered any price I would remove it and weigh and measure it. Have you done that??
For a genuine, circulated, common date as this appears to be I'd be at $150 tops and that's buying at retail. If I was making an offer as a starting point then $100.
Weight does not indicate it is genuine. Many of these were made, reportedly in Lebanon in the 1970's and early 1980's, using gold from melted down US $20 Double Eagles. Their gold content was correct. The counterfeiter's money was made on the large numismatic premium that $1 gold coins brought vs. the minor premium attached to $20 gold coins in that era.
I already bought it from a trusted dealer.
I did not weigh it.
291, that is cool info that I didn't know, thanks.
colt, interesting thanks for venturing some numbers.
I buy and sell a lot of gold. I would pay around $150 for it, and hope to make a decent profit, so sell for more.
I'd see it as a nice AU valued at $175-$200
Latin American Collection
I would pay $150-160 tops, agree with jwitten.
They have also been extensively counterfeited in the post-slab era (the last 30 years). Your gold dollar looks authentic and should grade XF45.
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
It does look authentic, as best as I can judge from the picture.... If I were buying, I would say $150 would be my maximum for that coin. And that would include shipping. Cheers, RickO
In addition to the counterfeiting problem, these small gold coins were very popular for jewelry use so be sure to check the rim for a trace of solder which will greatly reduce the value of your coin. Your coin looks to be entirely original so it's unlikely to have ever seen use in jewelry but it never hurts to check the rim.
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
Looks ok to me.
My YouTube Channel
Appears to be genuine, EF or a little better but a bit baggy.
Looks real. I like it.
Thanks for the input. Those values given make me feel good about my buy.