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 Replies: 33 / Views: 4,570 |
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Pillar of the Community
United States
1450 Posts |
When looking at some of the truly low mintages of Liberty Head Eagles and Double Eagles it seems they should be worth a lot more just based on rareness of these coins compared to Saints and other 20th century gold coins. I have been told that there is not as much interest in the Liberty Head gold coins? Since I have neither 19th or 20th century gold coins at present it does not matter that much to me. However, if gold prices fall significantly I would be a buyer. In 2010-2011 we had the top of a precious metals bull market. Since I don't have second sight I don't know where gold prices will be in a year or ten years. I might buy the rare circulating gold coins if I feel like going on a spree.
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Bedrock of the Community
 United States
12057 Posts |
Picked up a PCGS slabbed $2.50 Indian today @ TNA without using up my budget, will update this w/pictures soon, it's a nice 1926 -- common date but good type coin.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
1068 Posts |
Quote:
Picked up a PCGS slabbed $2.50 Indian today @ TNA without using up my budget, will update this w/pictures soon, it's a nice 1926 -- common date but good type coin.
 Congrats! Edited by Bryan78
05/22/2016 9:27 pm
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Bedrock of the Community
United States
12057 Posts |
Thanks! It's my very first gold Indian & only my 4th gold coin of any type (1886-S $5 NGC MS62/CAC, 1874 50c fractional PCGS AU58, 2008-W $5 Buffalo PCGS PR70DCAM)
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
1119 Posts |
nice!  |
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Bedrock of the Community
United States
12057 Posts |
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
1450 Posts |
Nice coin with great luster! What was the grade on that coin?
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Bedrock of the Community
United States
12057 Posts |
PCGS MS63
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Valued Member
United States
152 Posts |
I mainly buy/sell/collect $2 1/2 Indians. If you ever have questions, need advice, or are looking to buy, shoot me a message. Nice looking coin!
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Pillar of the Community
United States
1450 Posts |
I see the spot price of gold has dropped a bit. This is what kills me about buying more common gold coins is the degree to which gold prices affect the price of gold coins. If gold were to return to inflation adjusted price with 100 year baseline I would be a buyer of gold coins. The thing is that the price of gold never just stops at its mean adjusted price. It either overshoots where it should be or undershoots it, so you never know where the price will be ten years, five years or even a couple of years from now. Silver is the same way but just not so much. I remember buying Sterling silver bowls and plates for just $7.50 an ounce at auction in 2003. 7-8 years later silver was selling for $30 an ounce. This was due to financial meltdown and "fear" in the markets.
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Pillar of the Community
Canada
541 Posts |
I just started to get serious about 2.50 USA gold Indians and bought 3 of them within the past month....the 1927 is uncertified and the 1926 is NGC MS 61..the 1929 is PCGS MS62...the thing is that... to me.... they all look to be AU due to flatness in the headdress feathers which looks like trace wear along with other flat areas in details on the bands and braids etc..The reverses all seem crisp and the lustre is subdued but present to varying degrees....I almost returned the uncertified coin because I wasnt impressed with these facts but I decided to keep it ..When I got the certified coins I realized that the uncertified coin is actually better! I apologized to the seller for telling him his coin wasnt BU as advertised on ebay....Is this just a striking problem or do these coins get better treatment from the grading companies due to scarcity? Ive collected Indian Head cents for years and they are much more strictly graded.....so I'm a bit confused about these coins |
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Pillar of the Community
Canada
541 Posts |
looking at 2010 Handbook of US coins by Yeoman I see that 2.50 gold indians were priced at about 160-250 for AU-MS 60 ..The price of gold in that year was about the same as it is now which was about 1200.00 for most of the year until Dec when it got to 1400...These days prices are a bit higher so is it safe to say that these coins depend on bullion value for their price if they are average coins say MS 60 or less? and as I mentioned previously there does not seem to be a big difference between AU and MS 62 in the way gold collectors grade these coins |
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Valued Member
United States
152 Posts |
The easiest way to tell AU from MS is the eagle's shoulder. If there is a small flat spot, it is not MS. There can be a flat spot and it can still be AU. The exception is all 1908 coins, as they were minted with less detail on the eagle's shoulder/wing.
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Valued Member
United States
69 Posts |
I would also suggest if you have $1,000 or in the neighborhood, I personally would rather have two $5 eagles than a single $10
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Pillar of the Community
United States
1450 Posts |
I would be sure to get at least an AU coin. Better to have one higher grade coin than two VF coins. The VF coins are just for melt. A scarce gold coin in AU-MS condition
is a lot more and probably cost more, but if you just want to collect gold stick with mint gold coins. A $20 Double Eagle with common date is just a few hundred dollars over cost of spot. I can think of a number of coins that are scarce with low mintage that don't cost much more than common gold coins. Read June copy of Numismatic Magazine about gold as a investment vs collector coin.
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Posted 05/22/2016 6:47 pm
