Lemon Thrower wrote:i picked up some old gold this weekend from a long time acquaintance at a little under melt.
indian $2.50 gold, $5 liberty, and $20 liberty.
one of the 5's might be XF but the others are VF at best.
what sort of premium do these get over melt?
10-15% back of Greysheet bid for acceptable grades is typical.
Regarding the fakes out there... yes, there are some, but they are certainly not the majority. Some are good fakes, and others are pretty easy to tell. Make a note sheet of what each denomination should be in weight, diameter, and thickness. Take a scale and calipers to any deal until you can discern fakes by looking at them with a loupe. Even if they are fake, they are commonly made with gold anyhow. So, if you are buying based on gold price, then you theoretically have a very good chance of getting a good deal.