Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
This coin is part of a very small group of coins that a friend is interested in selling for her mother. The rest of the coins are some early Canadian coins, a couple of Indian Head Cents, dateless Buffalo Nickels, and some assorted older 90% U.S. silver....nothing of any particular value. These are coins that her grandfather accumulated.
Though counterfeit, it may still have some gold content.
You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
I would imagine a postal scale is only good for +/- 1g so it might still have the proper gold content. Take it to a coin shop, they should have the ability to test for purity.
@cmerlo1 said:
Though counterfeit, it may still have some gold content.
Yes. THis counterfeit is typical of the counterfeits made in the 1950's and 1960's, when gold was cheap, and the purpose of the counterfeit was often to evade gold ownership laws. I would be quite surprised if it was not at least 21kt gold, and it may be the full .900 fine.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
I am taking the coin into a jewelry store to have the metal content checked. If this counterfeit coin is composed of gold what is the best method of selling it? Would it be best to deface the coin and simply sell it at melt? Is it legal to sell as is if it is described as counterfeit?
Best to deface it and sell it as scrap, but do not expect to get melt for it. Nobody pays melt for scrap gold.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Comments
The entire coin is counterfeit.
From the photos, agreed.
Crude counterfeit.
NFG was my first thought. What's the weight?
Collector, occasional seller
First thought I had as well.
details are just mushy.....look at the lettering and mint mark.
bob
My postal scale says 8 grams.
Pipestone
Your coin is a counterfeit. I happen to own the same date in 63.
Underweight (s/b 8.359).... Is this an auction or did you already purchase it? Cheers, RickO
The questions in the OP are still worth answering.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
This coin is part of a very small group of coins that a friend is interested in selling for her mother. The rest of the coins are some early Canadian coins, a couple of Indian Head Cents, dateless Buffalo Nickels, and some assorted older 90% U.S. silver....nothing of any particular value. These are coins that her grandfather accumulated.
Though counterfeit, it may still have some gold content.
I would imagine a postal scale is only good for +/- 1g so it might still have the proper gold content. Take it to a coin shop, they should have the ability to test for purity.
Collector, occasional seller
Yes. THis counterfeit is typical of the counterfeits made in the 1950's and 1960's, when gold was cheap, and the purpose of the counterfeit was often to evade gold ownership laws. I would be quite surprised if it was not at least 21kt gold, and it may be the full .900 fine.
Yikes, definitely no good.
Earthquake damage?
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I am taking the coin into a jewelry store to have the metal content checked. If this counterfeit coin is composed of gold what is the best method of selling it? Would it be best to deface the coin and simply sell it at melt? Is it legal to sell as is if it is described as counterfeit?
It's fake, as the Cap'n stated, probably is real gold.
Should have no issue getting melt for it.
Best to deface it and sell it as scrap, but do not expect to get melt for it. Nobody pays melt for scrap gold.
Yeah, you're right, I meant to say scrap price, not melt price.
Too bad.
I took the coin to a jeweler today. It tested out at between 20k and 22k. He offered $220 for the coin. Is that a reasonable offer?