Coin Pendant with Morgan Dollar (not authenticated)

This piece features a circular coin set within an ornate, openwork gold-toned metal bezel frame equipped with a hanging bail, suggesting it is worn as a pendant or necklace charm. The central coin bears imagery consistent with a United States Morgan Dollar, displaying the left-facing profile of Liberty with a Phrygian cap, stars, and the motto 'E PLURIBUS UNUM' around the perimeter. The date '1878' is visible near the bottom edge, along with the word 'LIBERTY' on the diadem. The metal components exhibit a bright yellow-gold finish with visible surface patina, tarnish, and some dark discoloration, particularly on the surface of the coin itself. The mounting frame consists of a twisted wire design encircled by a scalloped or looped outer border. There are no clearly visible maker's marks or hallmarks discernible in the image, leaving the metal purity and overall composition unverified. The attribution of the central element rests on the visual resemblance to an 1878 Morgan Dollar, though the item itself remains unauthenticated and could be a replica, fantasy piece, or altered coin.

Based on what I can see in the photograph, this jewelry piece appears to be a pendant featuring a coin resembling an 1878 United States Morgan Dollar mounted within a decorative gold-toned metal bezel frame. The mounting exhibits a twisted wire design and a scalloped outer border with a hanging bail. I can't verify from a photo whether the metal is solid gold, gold-plated, or base metal, as there are no clearly visible hallmarks discernible. Furthermore, the attribution of the central element rests solely on a visual resemblance; I cannot determine if the coin is a genuine US dollar, a replica, a fantasy piece, or an altered coin without physical testing. The item shows visible surface patina, tarnish, and dark discoloration. If the piece is determined to contain a genuine silver Morgan Dollar and a gold mounting of significant purity, an estimate of $150 to $300 is typical for items of this type in the current market, where coin jewelry holds steady collector interest. However, would need physical inspection to confirm metal composition, weight, and component authenticity. If the piece turns out to be a modern reproduction, base metal replica, or purely decorative novelty, the value would decrease significantly, likely falling into the $25 to $50 range primarily for its decorative appeal. To establish a more precise valuation and clarify attribution, an in-person examination, precious metal testing, and weight verification by a qualified coin and jewelry expert would be necessary.