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My friends $20 Dbl Eagle: Final Chapter

Ronstar

Well-known member
I went with my friend up to Spokane to the coin store to pick up his coin today. We got there and he was presented the coin encapsulated in a plastic case with the info on top. He was told NGS did not grade the coin due to rim damage. The sticker inside simple says AU details, rim damage. The store owner told us it had been authenticated as real and given an identifier number. He also told us his opinion was that it was worth somewhere between $7-9,000. It cost my friend $180 to have all this now adjudged and no more wondering, not a bad deal.
When we got home I got the opportunity to swing the Legend over it. Granted, its in plastic and the top part of the sticker has a foil like upper portion and its above ground etc etc.
No matter which way I swung the coil or what height I was at it locked on solid at 45. That is a penny number or possibly a dime. Guess I’m digging pennies more…….. lol. On the previous test when the coin was still exposed the F75 VDI was 91-92 which usually is large silver like a dollar. Interesting.
 
Thanks for sharing and keeping us all abreast of the adventure of the double eagle. Rather interesting that NGS wouldn't put and actual grade on the coin. I have a feeling if the double eagle ever went to auction it would command more then the $7000. to 9. HH jim tn
 
I asked a for a bit more info on that…. Coin guy said its only been a few years now that they would even go this far with a coin like that. The damaged rim does not help nor did someones attempt to clean it at some point. NGS will authenticate it and place it into a class but no further unless coin is in exceptional condition. Potential sale depends on how bad someone wants to fill a nitch in their collection. He offered to buy for $6000.
 
He offered to buy for $6000.
Willing to pay $6,000. knowing he can/could get more. I've only had one occasion over the years to deal with NGS, and didn't at the time. Had recovered a 1896s Barber quarter in a Mn fairgrounds. 2 knowledgable coin collectors graded it for me and I eventually sold ti for their grade price. HH jim tn
 
I guess to be fair to the coin dealer……
They are reputable from everything I hear. He does not grade coins but is knowledgeable about coins and jewelry. Our first contact with them the owner was not scheduled to be in that day but hearing what we had, and that we would be up there by noon, he came in. He spent quite a bit of time examining the coin attempting to see if it was an “Omega” counterfeit coin. He finally told us he believed it was indeed a real gold coin and shared his opinion and experience in what we could or should do. Our best option was to have it sent off for documented authenticity and class graded. We were told it probably would not be specifically graded due to the rim damage. We did not push to get it specifically graded either. Getting it classed AU was a step up from the VF we all thought it was.
There are two primary recognized major/primary coin grading companies and this was the one he had the most experience with. Cant blame him for making an offer, most of his walk in business is people selling gold off gold coins and jewelry and if they undersell thats their business. I wanted my friend to have proof positive his family coin was real and has now has documental value.
 
I guess to be fair to the coin dealer……
They are reputable from everything I hear. He does not grade coins but is knowledgeable about coins and jewelry. Our first contact with them the owner was not scheduled to be in that day but hearing what we had, and that we would be up there by noon, he came in. He spent quite a bit of time examining the coin attempting to see if it was an “Omega” counterfeit coin. He finally told us he believed it was indeed a real gold coin and shared his opinion and experience in what we could or should do. Our best option was to have it sent off for documented authenticity and class graded. We were told it probably would not be specifically graded due to the rim damage. We did not push to get it specifically graded either. Getting it classed AU was a step up from the VF we all thought it was.
There are two primary recognized major/primary coin grading companies and this was the one he had the most experience with. Cant blame him for making an offer, most of his walk in business is people selling gold off gold coins and jewelry and if they undersell thats their business. I wanted my friend to have proof positive his family coin was real and has now has documental value.
I cant remember what the rim damage looked like. Can you post a picture ?? I found a 1910 $10 gold piece unfortunately it was between a rock and a hrrd place. I damaged the obverse pretty bad. So I guess its just worth scrap on the open market.

Glad your friend knows his is real and approximate value.

HH
Donna(NJ)
 
They are reputable from everything I hear.
My statement about getting more probably came across as a bit course. I wasn't implying the dealer wasn't honest or un-reputable. He is in the business to make money and for seller to dealer, the offer was probably good. My Barber quarter, in fact, went to a coin dealer. I got what I thought it was worth as a seller and he paid what he thought he could come out on. HH jim tn
 
The coindealer offered a hassle free transaction at a wholesale price and the potential seller wasn't deceived in any way. He refused as it is an heirloom. Many people would have said, 'sold!'
 
Nice job The $2.50 I found in avatar was in a bezel I had it professionally removed and if it was a D mint mark would be worth a lot .
Most were struck very weak so it’s hard to tell even if it had a D.
Just happy I got my gold coin off my bucket list …
Mark
 
Donna no pic.
It has four very small indents evenly spaced about 1/16” apart, it caused a dark discoloration at point of impact.
 
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