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Buying First Gold Coin.

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 Posted 02/08/2016  5:36 pm  Show Profile   Bookmark this reply Add Dith Pran to your friends list
That's a good price. Personally I'd go for something that's uncirculated, but they are still pretty coins at any grade.
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 Posted 02/08/2016  5:39 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list
Buckeye

Do you mean Indian Head Half Eagle? That set has a couple of very expensive coins in it. The 1929 is just about unobtainable and 1909-d will cost you probably $3500 in VF if not more. No doubt it is a nicer coin because it is bigger and you can see details better. The Liberty Head $5 gold is a sort of ugly coin IMO, but there are many of them.
Indian Head Eagle is a beautiful coin but it has ringers as well being coins that are unobtainable for all, but the very rich. I wish gold would get cheaper and revert to mean average price so I might buy some select coins. Inflation adjusted price of gold should be about $800 an ounce, but that does not mean much since it reacts to all sorts of economic/political externalities. Stock market is going south and gold is starting to move higher. Unfortunately price of gold coins tied is closely to price of gold metal. A couple of years ago one OZ. of gold was almost $2000. The most common one oz. gold coin would be worth at least 2 grand then.
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 Posted 02/08/2016  6:21 pm  Show Profile   Bookmark this reply Add jwitten to your friends list
I would buy it up today. I mainly collect/buy/sell these, and that is a great price. I would give you more for it if you change your mind later.
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 Posted 02/08/2016  7:26 pm  Show Profile   Bookmark this reply Add dsfreeworld to your friends list

Quote:
It's graded au50 by anacs.


first, buy the coin, not the holder

Is it a yellow or blue ANACS or an OWH? If the latter, probably a solidly graded coin but if not, this is a grading company that has had some very questionable years of service and AU50 just might be EF and potentially not even problem free.

If you are able to take some pics head on both sides and post for opinion you should do that.

Also, don't put too much emphasis on spot and numismatic value of gold. sure, in cases of extreme price points of spot it makes a difference but in the past 24 months as gold has dipped up and down and left and right, certain series, especially Indian Heads and Liberty Heads from the 19th are hanging steady in the prices. Hence an earlier comment about "undervalued" Lib Heads. Not undervalued per say but more proving that Numismatic value and spot do not often go hand-in-hand except in severe spikes.
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 Posted 02/08/2016  8:51 pm  Show Profile   Bookmark this reply Add jwitten to your friends list
As I posted in another topic, I believe ANACS has UNDER graded these lately. I crossed a few from NGC to anacs, and they ALL graded lower at anacs. (Reason for crossing was to get a error listed on holder).
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 Posted 02/08/2016  9:16 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list
Look at values of Liberty Head Half Eagles and other gold coins and you see disparity that I don't understand. As I said a Liberty Head Half Eagle with mintage of 1270 sells for only $2500. What other coin with such low mintage sells for such a low price. Just a little over a thousand specimens and you can buy one for $2500. There are some Saint-Gaudens $20 that have mintage less than 50,000 which sell for not too much more than coins with ten times the mintage. Very many odd things about coins and values.
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 Posted 02/08/2016  9:40 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list
Is it AU50 Details?
ANA #R3154474
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 Posted 02/08/2016  9:44 pm  Show Profile   Bookmark this reply Add dsfreeworld to your friends list

Quote:
Very many odd things about coins and values


Its not solely about mintage, its about known/estimated survival rates and their assigned rarity rating for both scarcity in the type and the specific series/issue.

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311 Posts
 Posted 02/08/2016  10:24 pm  Show Profile   Bookmark this reply Add Justinwd to your friends list
It's in the yellow anacs, and no it is a problem free coin. I plan on making a trip to the coin shop Wednesday and picking it up. I'll post pics when I have it in hand.
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 Posted 02/08/2016  10:29 pm  Show Profile   Bookmark this reply Add Justinwd to your friends list
And thanks for all the info guys that's allot to process. I don't plan on completing a set of them, although if I can afford it one day why not. And I think I'm still gonna save up and get a 5$ one too but it'll be awhile before I but it. I really got my eye on the gold walking liberty, standing liberty, and mercy dime gold coins if they get made.
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 Posted 02/09/2016  11:51 am  Show Profile   Bookmark this reply Add BuckeyeCoinGuy to your friends list
No doubt the $5 gold series is a beast to try and collect. When I hear about buying a first gold coin though, I don't think of anyone trying to complete some sort of set. Maybe a type set I guess.

Maybe it is the crowd I hang out with, but most gold collectors like myself seem to enjoy type collecting. Once I completed my gold type set (just the 2.50 - 5.00 - 10.00 - 20.00 pieces indian and liberty), then I went into gold stacking. I love the $5 and $10 coins as a low premium over melt value. Same thing with the $20 pieces other than breaking my coin budget. . . .


I haven't ventured into the gold dollars yet as the premiums there are worse than on the $2.50 pieces.

Don't get me wrong, I wish I could buy rare gold coins and someday hope to add the C and D mintmarks to my collection, but it isn't happening anytime soon. In the meantime, I just look at Doug Winter's gold coins and dream.

If you really want to see some great great gold coins, check out Doug's collection. Amazing pictures along with the TPG grade for comparison.

https://www.flickr.com/photos/raregoldcoins/


Just look at this PR64DCAM. So perfect it almost looks photoshopped. Pounds of gold coins pictured like this at the above link. Completely drool worthy.


Buying-First-Gold-Coin.
Edited by BuckeyeCoinGuy
02/09/2016 12:02 pm
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152 Posts
 Posted 02/09/2016  12:36 pm  Show Profile   Bookmark this reply Add jwitten to your friends list
I have a decent collection of gold, but nothing even CLOSE to that. Wow. What is his story?
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 Posted 02/09/2016  1:41 pm  Show Profile   Bookmark this reply Add BuckeyeCoinGuy to your friends list
Doug Winter is likely the largest dealer of gold coins around and has written roughly a dozen books on the topic.

VDfgfIN9QCs
Edited by BuckeyeCoinGuy
02/09/2016 1:57 pm
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 Posted 02/09/2016  2:05 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list
Justinwd, $220 for an ANACS AU-50 $2 1/2 Indian is a great price. If you don't take it, you may end up paying more in the future.
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 Posted 02/09/2016  2:22 pm  Show Profile   Bookmark this reply Add BuckeyeCoinGuy to your friends list
Yea it is a good price. If it were my first gold coin, I would still save up and buy a larger coin.

You can pull a higher grade $5 Liberty Head for right around $400, sometimes even less.


I wish I paid only $220 for either of my $2.50 type coins.

If you like it, you really can't go wrong at that price (assuming of course nobody has started faking ANACS slabs, which I have never heard of myself).
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