tin9122 Posted September 21, 2018 Share Posted September 21, 2018 Hi All, Please help me to identify this coin as my friend's uncle is trying to sell it to me. I searched in https://en.wikipedia.org/wiki/1804_dollar that it is worth many. I know that there are many fake 1804 coins, but what he is saying is this coin may be genuine. Link to post Share on other sites
Just Bob Posted September 21, 2018 Share Posted September 21, 2018 Welcome to the forum. It is not genuine. tin9122 1 Link to post Share on other sites
JKK Posted September 21, 2018 Share Posted September 21, 2018 If it is real, he wants you to pay him in excess of $1 million for it, unless he has serious issues with arithmetic or judgment. If you are capable of paying that much for a coin, you can absolutely afford to fly a professional numismatist out to verify its authenticity. If neither of those situations in reality obtains, don't buy this fake. tin9122 1 Link to post Share on other sites
tin9122 Posted September 22, 2018 Author Share Posted September 22, 2018 9 hours ago, Just Bob said: Welcome to the forum. It is not genuine. Thank you very much. Link to post Share on other sites
tin9122 Posted September 22, 2018 Author Share Posted September 22, 2018 8 hours ago, JKK said: If it is real, he wants you to pay him in excess of $1 million for it, unless he has serious issues with arithmetic or judgment. If you are capable of paying that much for a coin, you can absolutely afford to fly a professional numismatist out to verify its authenticity. If neither of those situations in reality obtains, don't buy this fake. Yes, i also doubt it's not real. Cuz he's asking for very low price like 50,000 USD for it. And when i search the internet, the price of the real coin is really amazing. Thank you so much for your reply. I wont buy it. Link to post Share on other sites
JKK Posted September 22, 2018 Share Posted September 22, 2018 You're very welcome. I love playing Robin Hood. Link to post Share on other sites
Just Bob Posted September 22, 2018 Share Posted September 22, 2018 23 minutes ago, JKK said: You're very welcome. I love playing Robin Hood. You rob from the rich and give to the poor? Link to post Share on other sites
JKK Posted September 22, 2018 Share Posted September 22, 2018 4 hours ago, Just Bob said: You rob from the rich and give to the poor? In a sense. I like to help prevent people from getting jacked. Just Bob 1 Link to post Share on other sites
tin9122 Posted September 22, 2018 Author Share Posted September 22, 2018 50 minutes ago, JKK said: In a sense. I like to help prevent people from getting jacked. Yea, just told him that i won't be buying cuz it's weird .. the price just went off 70% .. Thank a million guys Link to post Share on other sites
Conder101 Posted September 22, 2018 Share Posted September 22, 2018 Stay away from your friends uncle. Just Bob 1 Link to post Share on other sites
JKK Posted September 22, 2018 Share Posted September 22, 2018 7 hours ago, tin9122 said: Yea, just told him that i won't be buying cuz it's weird .. the price just went off 70% .. Thank a million guys Seriously, not sure what anyone else here would do, but let's imagine I found one out in a field, somewhere not private property or otherwise where it belongs to another person. Let's suppose it looked real. First thing I'd do is take it to a bank safe deposit box. Then I'd take a real good look at a lot of pictures of real ones, print some out. I'd go to the bank vault and start comparing; I'd also bring a magnet and try that, just to touch that base. If after all that I still thought there were a remote chance it was genuine, I'd have a couple of trusted minds from my coin club look it over. At the vault. If it still passed the muster, I'd figure out the best way to get it to a grading service. It is possible that its value would make it very expensive to grade, so I'm sure I couldn't afford to keep it. If after all that it was the real deal, I'd put it on the auction block, replenish my savings from the grading costs, pay the Federal taxes, and retire. Link to post Share on other sites
Just Bob Posted September 22, 2018 Share Posted September 22, 2018 10 hours ago, JKK said: In a sense. I like to help prevent people from getting jacked. Link to post Share on other sites
Just Bob Posted September 22, 2018 Share Posted September 22, 2018 7 hours ago, Conder101 said: Stay away from your friends uncle. I agree completely. Link to post Share on other sites
Conder101 Posted September 23, 2018 Share Posted September 23, 2018 14 hours ago, JKK said: Seriously, not sure what anyone else here would do, but let's imagine I found one out in a field, 14 hours ago, JKK said: If it still passed the muster, I'd figure out the best way to get it to a grading service. It is possible that its value would make it very expensive to grade, so I'm sure I couldn't afford to keep it. I think if you found the 16th genuine 1804 dollar the TPG would pay YOU for the honor of slabbing it. Link to post Share on other sites
JKK Posted September 23, 2018 Share Posted September 23, 2018 Only 16? I'd thought there were a few more, say 25. Not sure where I remember that from, though. Link to post Share on other sites
Just Bob Posted September 23, 2018 Share Posted September 23, 2018 Eight class ones, one class two, six class threes. Link to post Share on other sites
