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1880 Gold $5 Liberty Head

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Author Previous TopicReplies: 19 / Views: 4,165Next Topic Page 2 of 2
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 Posted 05/23/2012  10:34 pm  Show Profile   Bookmark this reply Add silvercoinrn to your friends list
What mint marks should I look for
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 Posted 05/23/2012  10:39 pm  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list
Mint Marks: blank(Philadelphia), S(San Fran), and CC(Carson City). Below is CCF reported population:

Date    Circulation Strikes   Proof Strikes
1880          3,166,400          36
1880-S        1,348,900          0
1880-CC          51,017          0
Edited by Fuzzy317
05/23/2012 10:40 pm
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 Posted 05/24/2012  01:07 am  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list
Fuzzy has listed all the mintmarks for that date. Just in case you didn't know, it is located under the eagle on the reverse. The Philly and San Fran have similar values while the Carson city carries a premium in all grades.
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 Posted 05/24/2012  07:35 am  Show Profile   Bookmark this reply Add mackwork to your friends list
Be careful it's not a fake. At least take a balance to weigh the coin, unless the pawnshop has an accurate one. 8.359 grams is the specification for an uncirculated half eagle.
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 Posted 05/24/2012  12:58 pm  Show Profile   Bookmark this reply Add CoinHawkeye to your friends list
Unless it was graded I would not pay that much. I sold a couple yesterday. I am unsure of dates and mints on them. They were being sold for bullion gold. I would have graded them AU. I sold them for $410 each, but gold was also $25 less at the time.
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 Posted 05/24/2012  1:25 pm  Show Profile   Bookmark this reply Add silvercoinrn to your friends list
I offered 410 on the coin. Spot on the gold was 392. The guy tried telling me that I was paying under spot price for gold and than went into some penny weight conversion thing. He dropped to 475. Still too much it was in really good shape. Lots of luster left on the coin but they ruined it when they checked to see if it was real gold. They left a deep scratch in it.
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 Posted 05/24/2012  1:29 pm  Show Profile   Bookmark this reply Add silvercoinrn to your friends list
Sorry, I didn't mean to submit that.

In the end he tried to use some penny weight conversion that completely confused me. I told him exactly what it was worth and offered $20 more. He didn't take the offer. Maybe he will see when it never sells for his 10 % profit over gold value which is what he says he needs to make. Ill probably go back every month and offer the same amount lol
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 Posted 05/24/2012  1:30 pm  Show Profile   Bookmark this reply Add silvercoinrn to your friends list
Do you have any more coin hawk?
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 Posted 05/24/2012  1:51 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list

Quote:
Lots of luster left on the coin but they ruined it when they checked to see if it was real gold. They left a deep scratch in it.


Did he test the coin in front of you or was that something they did sometime in the past? Definitely a pass as you can get a much nicer coin for what he is asking. Just in case you were curious and didn't know, 20 dwt(pennyweight) = 1 troy oz. That unit of measure seems to be commonly used to buy and sell jewelry.
Edited by D0ubl3Eagle
05/24/2012 2:18 pm
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 Posted 05/24/2012  2:33 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list
Stick with a slabbed one, that coin is ruined after they tested it
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 Posted 05/24/2012  3:19 pm  Show Profile   Bookmark this reply Add CoinHawkeye to your friends list
Sold them all yesterday
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 Posted 05/24/2012  3:20 pm  Show Profile   Bookmark this reply Add silvercoinrn to your friends list
No he didn't test it in front of me. I trusted that it was real I weighed it in grams. And also saw that he tested it in the past so I knew it was real. Pretty sad though. I'm no expert but I read up on the coin before I went today and the high points were all in good condition. I think it was kept by a collector rather than in circulation. Id guess an au 53 at least. There was luster even left on the field
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 Posted 05/24/2012  3:22 pm  Show Profile   Bookmark this reply Add silvercoinrn to your friends list
No he didn't test it in front of me. I trusted that it was real I weighed it in grams. And also saw that he tested it in the past so I knew it was real. Pretty sad though. I'm no expert but I read up on the coin before I went today and the high points were all in good condition. I think it was kept by a collector rather than in circulation. Id guess an au 53 at least. There was luster even left on the field
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 Posted 05/27/2012  08:40 am  Show Profile   Bookmark this reply Add latebloomer to your friends list
Silvercoinrn, as much as the coin used to be in fantastic condition it is good you stood your ground of not purchasing it. I cannot explain why pawnshop dealers just simply sit on the coins and for the most part hardly budge on working out a price that is truly reasonable. I have gone to about 10-15 pawn dealers and wanted to buy nice coins from them, it never worked out. prices seem to be inflated for me. I ended up going to a trusted local dealer in my area and purchased coins from them, also to mention a good friendship that they give me pointers about any coin I am looking for or am curious about. My advice I give to you as they gave to me " just be patient you will eventually get the coin you want at the right price". I hope this helps out.
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 Posted 05/28/2012  11:49 am  Show Profile   Bookmark this reply Add silvercoinrn to your friends list
I think there are a few reasons they have a hard time selling.
1) Most of the time they know nothing about the prices between grades of coins
2) they know nothing of the importance of dates and mint marks
3) they look at the rebook and pick high grade price or ebay and base it off of one item sold
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