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In most cases copies and replicas are made of base metal with only a thin plating of gold or silver, and sometimes not even that. These are only worth a few dollars at most.

Some replica and restrike coins are in fact made of precious metal, like the silver $100 "Union" replicas produced by the Smithsonian. These coins normally have their metal content shown in both weight and purity, and are worth roughly the current price of that much metal.

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Q: What is the value of a copy of a 1933 US 20 dollar gold piece?
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