Sell Gold Coins
The more popular the coin, the more likely it is that there are counterfeits and replicas of it. It was once thought that coins under $100 were too much work and money to replicate; however, coin collectors are now finding that Asia and elsewhere are creating fakes of all coins and denominations. So how do you tell if your coin is real?
Replicas: Replica coins are usually reproductions of famous coins or historical events. You can often find them at souvenir shops, and marketing firms may distribute them as tchotchkes. An easy way to tell if your coin is a replica is by examining the seam that runs around the coin where the two halves of the casting mold come together: they also generally have less detail than a real coin. Unfortunately, replicas are virtually worthless, so before you make the investment, make sure you examine the piece carefully.
Feb 16, 2020 Items that require such filing include $1,000 face value of U.S. 90% silver dimes, quarter or half dollars, and 25 or more 1-ounce Gold Maple Leaf, Gold Krugerrand, or Gold Mexican Onza coins.
Counterfeits: Unlike replicas, counterfeits are put out into circulation to 'trick' the public. Counterfeits are usually made of a worthless base metal, and can be easily detected if you know what to look for. Under close examination, counterfeit coins can have bubbles or pimples in the casting that can be seen under a magnifying glass. The engravings also won't match those of genuine mint. As coin collecting has gain more popularity, so have counterfeits. Forged gold coins are most commonly gold dollar and three-dollar gold pieces, or coins dated between 1870-1933. You may also find 1799 ten-dollar gold pieces, as well as 1811 five dollar coins. For silver, the most common forged coins are the 1084 Lafayette dollars, some commemorative half dollars, and the 1795 half dimes.
- If you plan to sell gold and silver coins online, here a few best practices for getting the best possible price: Take a good picture – The clearer the image you post, the more appealing and easy to evaluate your coin.
- Sell Gold, Silver and Other Precious Metals Online Kitco is the only dealer that allows you sell your precious metals online with complete transparency in buy-back prices. No minimum quantity is required to sell to us.
To confirm your coin isn't a counterfeit, compare your coins with others of the same kind. Confirm it's the same size, color, luster, weight, and has the same design details.
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Alterations: Alterations to coins are usually done to deceive collectors. The coin may be altered by the addition, removal or change to the design of the coin, or the coin's finish could be altered by polishing, sandblasting, acid-etching, toning or plating of a genuine piece. The most common alterations are by changing mintmarks and dates.
To confirm your coin hasn't been altered, it's best to compare it to like coins under a 10x-40x magnifying glass as well as have an expert like, Sell Your Gold examine it for you.
Overall, coins that are rare or high in value should always come with a guarantee of authenticity done by a professional, and should be one of the first things you ask for before purchasing a coin.
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Send your coin to Sell Your Gold today! We would be happy to examine and offer you a price. Not sure if it's authentic? As experienced coin buyers, we'll take care of that for you too! Click here to request a kit.