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  1. #1

    Oct 2007
    312
    247 times

    1849 O Type One Gold Dollar…and a Mystery

    The Find: I found this little guy on my third or fourth outing at the beginning of my metal detecting career. It was picked up in a tot lot at my old elementary school. [I’m guessing some brat snooped through his granddads coin collection and appropriated the coin…or…after speaking to the custodial staff they did say that the lot was recently refilled with new sand brought back from an unknown location…he thought it was from one of our local beaches…so maybe it got dragged in from there]. Regardless hands were shaking when I looked this little guy up…only 215,000K were minted.

    Mystery: I took this guy to my local coin shop just to get an idea about what it was worth in its condition and maybe get some more info on it. The guy took the coin and immediately said it looked real…then something caught his eye and he started playing around with it…FOR TWENTY MINUTES!!...after twiddling my thumbs for close to half hour [old man is not much of a talker]…he gets back to me and says he thinks it’s a counterfeit!! He says it’s definitely pure gold, the dimensions and weight are dead on (1.7 grams and 12.7 millimeters). What bothered him the most was the reeded edge…he said it looked to imperfect to be genuine! He mentioned these are sometimes counterfeited in Middle East (gold cheaper to get there), and resold here for their numismatic value.

    So there you have it…not sure what to think…I’m definitely planning to get a second opinion...maybe some expert here can chime in on the issue. (phew sorry for the long post)!
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  2. #2
    us
    A swingin' fool

    May 2005
    Hudson Falls, NY
    White's Spectrum XLT---Tinytec Ultraluxe probe
    1,230
    6 times

    Re: 1849 O Type One Gold Dollar…and a Mystery

    Well regardless, you were in the right place at the right time. You scored gold........all is well

    Cheers!

    Dugholes
    [size=16pt]The most fantastic time to be alive is right now[/size]

  3. #3
    us
    Jun 2006
    Minnesota
    711
    4 times

    Re: 1849 O Type One Gold Dollar…and a Mystery

    I'm not a coin expert, nor is this a negative statement about your find (very awesome). I would have to think it's real for one reason. It looks quite beat up to me, I don't really know how the coinshop guy could give you the opinion that it is counterfeit by looking at the reeding. The reeding is wore down and dinged up, as is the rest of the coin. It looks real enough to me. Great find!

    John

  4. #4
    us
    Feb 2008
    LAS VEGAS
    BOUNTY HUNTER TRACKER IV
    103

    Re: 1849 O Type One Gold Dollar…and a Mystery

    NO SUCH THING AS BAD GOLD!!!

  5. #5
    us
    Dec 2005
    Spanaway Washington
    Minelab E-trac And Whites Quantum Pro
    301
    2 times

    Re: 1849 O Type One Gold Dollar…and a Mystery

    Great find. Maybe even a find of a lifetime for most. A gold coin. Definitely get a second opinion.

  6. #6
    us
    Dec 2005
    Eugene, Oregon
    Fisher CZ5, White's GM VSat
    4,095
    124 times

    Re: 1849 O Type One Gold Dollar…and a Mystery

    I have to go the other way, it looks like a cast copy to me. While they can get imprints of the obverse and reverse pretty easily to cast, the edge is much harder to duplicate.

    Even though pretty beat up, it does look cast to me. If the weight and dimensions are correct, you do have gold, and a neat curiousity!

  7. #7
    us
    Jun 2006
    California
    Whites new coinmaster-Teso Silver Max-Minelab GT
    1,800
    7 times

    Re: 1849 O Type One Gold Dollar…and a Mystery

    Doesn't quiet look right.Gold is Gold.Nice find!!!! You know, back then some people would cut the coin in half and replace the inner gold with platinum. and put the coin back together again.If you find one of them....WoW!!!!

  8. #8
    GL
    GL is offline
    us
    Mar 2008
    South Central, NC
    1,597
    29 times

    Re: 1849 O Type One Gold Dollar…and a Mystery

    It's gold.
    It's a coin.

    It rules.

  9. #9
    Kas
    Kas is offline
    beep beep.

    Jan 2007
    none....wish I had them all back!
    1,552
    13 times

    Re: 1849 O Type One Gold Dollar…and a Mystery

    Quote Originally Posted by blurr
    I'm not a coin expert, nor is this a negative statement about your find (very awesome). I would have to think it's real for one reason. It looks quite beat up to me, I don't really know how the coinshop guy could give you the opinion that it is counterfeit by looking at the reeding. The reeding is wore down and dinged up, as is the rest of the coin. It looks real enough to me. Great find!

    John
    Agreed. Grade is low and numismatic value is not going to be there. But, it's gold and you found it, that's what counts.
    I'm the friend a friend would like to have.

  10. #10
    us
    Apr 2006
    Bellevue, WA
    Minelab Explorer SE, Tesoro TigerShark
    5,736
    21 times

    Re: 1849 O Type One Gold Dollar…and a Mystery

    nice job on the old gold coin! You are
    Anyone can make life interesting you just have to go out there and do things instead of sitting on your butt doing nothing. Second quote: Life is about trying new things not just standing around.

  11. #11
    us
    The Watcher-er

    Jan 2008
    568
    46 times

    Re: 1849 O Type One Gold Dollar…and a Mystery

    First let me state that I am not a coin expert by any means.
    Second, congrats on finding gold.
    I couldn't sleep tonight so I did a little googling of "gold 1849 one dollar coin"
    If you look at the coin on this site...

    http://www.us-coin-values-advisor.co...gold-coin.html

    notice how the stars on the obverse seem to have dimples in the center
    and the stars on your coin seem fuller. Don't know if that means anything,
    just an observation.
    Also there is some info on this site ( http://lakdiva.org/coins/notes/iapn_ibscc.html )
    on counterfeit 1849 one dollar gold but I don't know if it will be of any help.

    I would be happy to someday find gold, any gold, way to go Locke!

  12. #12
    us
    Sep 2007
    N. San Diego County
    Ace 250
    10,318
    37 times
    Metal Detecting

    Re: 1849 O Type One Gold Dollar…and a Mystery

    Looks like gold, but

  13. #13

    Oct 2007
    312
    247 times

    Re: 1849 O Type One Gold Dollar…and a Mystery

    Hey guys thanks for the replies,

    I’m going to swing it by one more coin dealer just to be sure, but I agree with the “reeded edge” problem…but hey, gold is gold!

  14. #14

    Jul 2007
    Falmouth, Ky.
    Whites XLT
    517
    2 times

    Re: 1849 O Type One Gold Dollar…and a Mystery

    gold is gold is gold

  15. #15

    Re: 1849 O Type One Gold Dollar…and a Mystery




    The context of the find is what puts me over the edge to say copy. A contemporary counterfeit would not survive that well and I would have given it a good chance if dug at an old site, but being found at a school all adds up to copy.

    It's not beautiful so why not just test it to be 100% sure?

 

 
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