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#11
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#12
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That's the way it is with gold, tho' -- there's so many fakes out
there many (including myself) would never buy a raw piece. You'd realize more money from it if you got ANACS to slab it first, damage and all. To tell you the truth, I didn't think I'd get any more than the price of the gold, but put it on eBay in case anyone wanted a "placeholder" in their collections. ANACS sounds like a good idea for next time (if there is one - I'm not sure I really want to get involved with gold coins after this discussion :-). Thanks, all. |
#13
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The "ding" on the edge is solder where a loop was removed. The coin was
probably worn on a charm bracelet. If it was intended to be worn as a pendant, the loop would have been above the head, not below it. As to authenticity, I just can't tell. Tom DeLorey .. Subject: "1874 $3 Gold - Looks horrible!" question From: ^ Date: 6/16/2004 9:33 AM Central Daylight Time Message-id: I listed this item and thought the heading described it perfectly - the coin is beat up, gouged and worn so I was expecting to maybe get the gold value for it. Instead, it got bid up to $150. Why would that happen? I know some of these in perfect condition go for thousands, but this coin really "looks horrible" to me. You can see photos on eBay at http://tinyurl.com/3xnq7 TomDeLorey - Ben Franklin: "A Penny saved..... "...is a CENT!" snapped Thomas Jefferson, back in the debate over the proposed U.S. monetary system. |
#14
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Bruce Hickmott wrote:
... it's still a $300-400 coin. 3$G's are rare. It was said below that the price of a coin is what the market says it is, not what a price guide says it is. That is generally true. It is a basic assumption that the market is always right. That applies to coin prices, coin grading, and the choices between nuclear energy versus fossil fuel versus solar. The market is always right. Markets do change, of course. Before World War II, when coin collecting was a restricted hobby that B. Max Mehl was trying to popularize, Stacks was selling $3 gold coins (along with all other high mintage U.S. gold) according to the London fix for bullion. What makes $3 gold "rare" today is that there are more than 1000 collectors of them wanting one. How "rare" would the Mona Lisa be if there were 554 of them(Mintage of the 1881 $3)? I don't dispute what you said, ultimately. I just look at it a bit differently. Michael Several people are named "Michael Edward Marotta" |
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