1932 $10 Gold Indian
Jinx86
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I was really tempted to run a GTG thread with this, but decided to spare you that drama. This counterfeit came to be from a friend of mine who wanted to sell it. He bought back in the 80's. I told him I didnt think it was good, so he wanted it graded. Came back today, counterfeit.
What I didnt like was the small marks in the headdress at the base of the feathers. That and the texture around the eagle on the rev seemed off.
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Let me know if anyone wants some extra images of anything specific. Coin will be melted tomorrow. Also it did test good on a sygma and with XRF.
"Also it did test good on a sygma and with XRF."
What were the results?
as US Pre 33 US gold setting, tested within specs and XRF was just a hair over 90%
Might be nice to hold on to for an educational piece.
Not sure but I think @jwitten likes gold “problem” coins.
why would they copy a common date? not much of a premium from a circulated $10 indian common date
I'd keep it for educational purposes !!!
The date looked off at a glance. Here's a genuine example (bottom) vs the coin in question.
It would look good in a bezel as a jewelry piece.
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
Good eye Jinx! Not gonna lie....that one would’ve fooled me.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
Not now. But there used to be a significant premium
Nice looking counterfeit..... However, as pointed out... there are points to question... I would keep it as an educational tool... Cheers, RickO
I probably would have been fooled..it looks good to me from here
I might keep it as a memento of sorts. My co-worker turned another fake 10 Indian into a "spooned" ring.
Admittedly that's a better counterfeit! From the initial pictures, it looked good, but the date does look off albeit not much. In hand perhaps is a different story, but that could fool a lot of dealers I'd bet.
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Where's @Insider2 ? I'd be interested in his comments on this one...
My YouTube Channel
what a bummer he lost all that money on it
Low quality counterfeits & alterations are common and provide very little educational value. High quality counterfeits & alterations are much harder to find and are high in educational value. I cringe at the thought of someone melting an Omega just because it is not genuine. High quality examples are needed to learn from, it protects the hobby more than it hurts.
A common date would draw less suspicion. They could still get a premium for the gold that's in it, at least when it was made. Years ago it was rare for any U.S. gold piece to sell for melt or close to it.
US gold coins were traded in Europe and the Middle East as a store of value after the gold recall into the 1950s - it has been suggested that the high quality counterfeits of US and British gold sovereigns originated in Beirut Lebanon. Curiously the coins are usually full gold weight, sometimes even a trace more.
Pretty decent counterfeit, from my eyes at least! Send it to ICG and have them holder it as a counterfeit. I would be interested at melt cost.
Wow, that's very deceptive.
Looks die struck rather than cast, does it match other known fakes?
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Did you look for the Omega https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTL29Z7fljwds3Mu9UIh_RkadodpP4gms1TP6lOmO7I5fZytYss
Best place to buy !
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Funny family story re the 1932 $10 Eagle...
1932 was my mom's birth year...and my dad was a big collector and wanted to give her a significant coin-related gift. However, because of the Depression, there was a reduced number of issues minted that year. So he had a $10 Eagle mounted onto a gold chain and mom loved it...until our house was robbed in the 1970s and the coin and chain were stolen!
Fast forward to their 25th wedding anniversary in 1987...dad went into Manhattan to replace mom's long lost coin and chain. I met him at the coin store, checked out the coin with my loupe...and off he went back home. Everything was great until a couple hours later when dad called to say the new coin "was gone". Apparently, it had fallen out of his pocket on the subway.
A few days later, we repeated the entire process AGAIN! But this time mom was elated to finally receive her gift. And here's the kicker...dad never told mom about the second "lost" coin...and he also swore me to secrecy.
Now, although mom and dad are both gone for many years, every time I look at that "cursed" coin... I can't help but laugh!
Can you take pics of the edge? There should be stars, as well as lines after every X number of stars.
Wow...those stars and bars around the edge also look pretty good. Not sure how many people would have successfully tagged this as a fake under the bright lights on a bourse floor?
Most experienced collectors of US gold coins wouldn't have any trouble identifying this as a counterfeit if they had the opportunity to examine it in-hand under a good light source using a good magnifier or loupe. Many of the counterfeits being produced today are of far better quality. Unless you are an expert authenticator you should not be buying raw classic US gold coins unless you are buying them from a trusted source.
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
Still trying to decide what to do with it. Might end up selling to a forum member as a reference piece.
First, I know nothing. Would have fooled me. 😜
What was the final outcome, a melted blob, sold to a collector of counterfeits, or something else?
He who knows he has enough is rich.
Sitting in my box of counterfeits for the time being. Ive been gone for over 3 weeks so have forgotten about this.
Courtesy Improved Resolution Photo Reference Post for @Jinx86 and other Forum Members
Counterfeit 1932 Indian Gold Eagle 🦅 - Reference Photos
Click👇Here for High Resolution
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
Looking at its condition & rarity, it would fit for the purpose!!
Had someone send me a fake 1932 $10 off the BST about 10 yrs ago. Looked ok at arm's length. But close up it had somewhat semi-PL and "too smooth" surfaces. $10's usually have a nice grainy texture with their luster. And there wasn't a bit of die polish or die cracks anywhere on the coin (not required though....but usually something is present inside lettering, date numerals, or other features). I think it had a couple of tiny dots of raised metal as well. It was returned.
I'll admit I wouldn't of noticed. When I opened this thread the first thing I thought was "Wow, what a nice looking coin".
Pete
Glad this thread still has some traction. Great to see people learning from these high quality fakes.
Ill be at the ANA show in Chicago. I'll have to bring it with for people to stop and take a look. Not sure my table # off hand.