Any US Gold Expert About. Is this coin worth £200?

[Spyder]

Simple question, Is this $1 worth £200?

Spyder

[James32]

@Mrpound @Leonmarsh @AndrewSL76

[AndrewSL76]

Comp: There is an AU55 PCGS currently for sale in auction in the US. Current price is $460 with eight days to go and currently nine bidders. That coin is in an old green holder (‘OGH’), is CAC approved, and has a nice luster. 

An NGC slabbed 1853 is in the same auction and is a grade up at AU58. It sits with two bids at $2. 

(Big differences between the two coins though: 1. US prefer PCGS, especially OGH (the view of many is that grading standards have improved and so a better grade may now be given); 2. The NGC one has no pedigree; and 3. The PCGS is a nicer coin - even with a lower grade…..and because of the OGH it is likely undergraded).

I would guess that the PCGS version is likely to sell for around $500-600 and the NGC around $200-300. 

The image you have shared is a bit blurred (or maybe my tired eyes need rest) and so difficult to tell grade. You need better pictures and it depends on the luster/whether it has been cleaned, as to how much it could be worth.

Hope that helps!

 

 

[Booky586]

This coin is 13th in the list of top forged US coins so be confident that's it genuine.

https://www.ngccoin.com/resources/counterfeit-detection/top/united-states/

Your coin pictures show a very weak strike, take a look at the denticles. Here's a photo from the PCGS website for comparison.

 

[Spyder]

If anyone likes this coin, it is available, see below.  For me it is just too small a coin

https://handt.co.uk/collections/coins-gold-bars/products/22ct-gold-usa-1-dollar-coin-1853

[AndrewSL76]

Booky’s point is well made! Your coin could be fake, but I’m not sure it is. Here is the coin alongside an AU58 that has similar issues with the denticles. Your coin doesn’t have the luster but some of the features are very precise. I could be very wrong of course!!!

 

[SilverJacks]

It has a some kind of doubled feature on both sides, most prominently at the bottom of the bust, I'm guessing because it's fake. Interesting coin if it is real though, and available with authenticity guarantee if anyone is interested - although I doubt the retailer will reimburse the grading fee if it comes back not genuine.

36 minutes ago, Spyder said:

For me it is just too small a coin

"The Little Giant" - They are the smallest coins ever made by the US mint. But they have a rich history associated with the California gold rush. They're really cool coins imo.

Is that specific one worth £200? If it's real, and problem free, yes, but their prices do vary quite a lot. If there's a doubled-die or such mint error, it's worth more (i'm not an expert, happy to be corrected)

[dicker]

This example is not one I would touch personally.  

Looking at the truncation / bottom of the neck you might think this coin has been double struck….but then nothing else on the coin seems to have been, apart from Liberty’s chin perhaps.  Not sure this is all it seems…

A few of the details look finer (smaller / narrower) than I have seen previously. 

[Spyder]

8 minutes ago, dicker said:

This example is not one I would touch personally.  

Looking at the truncation / bottom of the neck you might think this coin has been double struck….but then nothing else on the coin seems to have been, apart from Liberty’s chin perhaps.  Not sure this is all it seems…

A few of the details look finer (smaller / narrower) than I have seen previously. 

Thanks. The coin is something I would not buy just because of size and that I know nothing about these particular coins.  I raised this question as it is available for sale at H&T for anyone interested.   If it is real, could be a good buy someone.

[Xander]

12 hours ago, Spyder said:

Simple question, Is this $1 worth £200?

Spyder

Make sure it's Gold. I bought one from a forum member a while back. Sent it to NGC, they returned it and said it was not genuine. The member returned my money. He bought it from an auction.  

[SilverJacks]

35 minutes ago, dicker said:

This example is not one I would touch personally.  

Looking at the truncation / bottom of the neck you might think this coin has been double struck….but then nothing else on the coin seems to have been, apart from Liberty’s chin perhaps.  Not sure this is all it seems…

A few of the details look finer (smaller / narrower) than I have seen previously. 

There's similar features on the words "dollar" and "america, but this is the reverse side. I'm not really familiar with doubled die errors, but since it is inconsistently on both sides, I assume that this is further evidence of it being a flaw in the counterfeiting?

 

[AndrewSL76]

It may well be fake, but you can at least guarantee it’s a 22ct fake because H&T test all their gold before they buy or sell. 

The issue then is that you would be paying WELL OVER spot (even today!!!) for this coin if it was not authentic. 

I wonder what H&T’s position is on this? Surely they have reviewed it. 

[Booky586]

These are lovely little coins. My Mum used to have earrings made with a pair of them so I have a strong attraction. With a gold content value of £97 the premiums are just to high. I wouldn't buy a sovereign for £800 and I like them better!

[sixgun]

It looks very dodgy. I mean just for starters what is all this going on at the bottom of the neck? I would say if you are thinking about buying then don't. If you bought and can send back then do so.