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 Replies: 19 / Views: 2,973 |
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Pillar of the Community
 Canada
1571 Posts |
I figured that it wasn't worth much more than melt but I hoped at least a 10% premium since it is 100+ years old. Now, with the gold value being around $417 the last time I checked, would asking $500 be reasonable for this? I bought it in 2012 or so when the price of gold was significantly higher than it is now. I've got $500 into it so I'm on the fence about selling it. Perhaps just hanging on to it until gold goes up again is the best bet if the general census says it's got no Numi value.
Thanks for the replies, and gladly welcome more.
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Pillar of the Community
Canada
4911 Posts |
hang onto it if that's the case...i got mine a year or two ago for $550 and it was MS from the bank hoard..when resold not much profit was gained. the market is saturated and if the coin isn't UNC it isn't worth any premium to anyone. yours priced at $500 would sit around and not sell IMO.
Feel free to call me Will.
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Bedrock of the Community
United States
94367 Posts |
No better than VF for sure.
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Pillar of the Community
Canada
4911 Posts |
i want to add that I change my grade to VF, details, cleaned with rim damage..the obverse has a rim nick which I felt was acceptable but upon further examination the obverse anso has a large area of the edge flattened above "ET"..sorry.
Feel free to call me Will.
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Pillar of the Community
Canada
1046 Posts |
 these examples are worth retaining.. i have their book value @ 385.OO |
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Pillar of the Community
Canada
1571 Posts |
Wow, that's less than melt. I'll try my luck at $500 and see what happens. If it doesn't sell, at least I can tell my wife I tried.
Edited by Redzapsid
06/04/2017 6:20 pm
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Valued Member
Canada
395 Posts |
Honestly I wouldn't even bother trying at $500 as it's much too high for that condition you will end up wasting too much time. Just hang on to it for at least few more years I'm sure gold will bounce up eventually for you to recoup your $500.
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Pillar of the Community
Canada
1571 Posts |
I'm not terribly worried how much it's worth since it was my wife's idea to sell it to fund a trip I don't even want to take.
Thanks again for the replies
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Valued Member
Canada
154 Posts |
Every time I see one of these well worn, thus well traveled, $5 golds I pause to ponder of a long gone age when it was just another coin in circulation. That coin would be the equivalent of $2,000+ in today's money. What would they be shopping for?
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Pillar of the Community
Canada
1571 Posts |
I've wondered that as well. Not too mention the name of hands that have held it.
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Valued Member
Canada
154 Posts |
We too often get so very focused on a coin or bills rarity and condition. What variety it is. I am 70 now and can still remember when I was 10 years old and finding a coin, in circulation, with a crown on the obverse head. That was the start of 60 years of coin collecting.
I sold an MS63 1913 $5 gold many years ago and regret it now. I have decided I am going to purchase a $5 & $10 gold but in well circulated condition, so I can hold it in my hand and bring back the memories of why I started collecting coins in the first place.
I know, I am rambling. No more posts from me on this subject.
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Pillar of the Community
 Canada
1783 Posts |
Agree with OldCoinGuy, not the same until you handle some of your coins. I have a few 'grabbers'.
"We are poor little lambs...who have lost our way...Baa...Baa...Baa"
In memory of those members who left us too soon...
In memory of Tootallious March 31, 1964 - April 15, 2020
In memory of crazyb0 July 27 2020. RIP.
In memory of T-BOP Oct. 12, 1949 - Jan. 19, 2024
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Pillar of the Community
Canada
1046 Posts |
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Valued Member
Canada
458 Posts |
I say v.f on this coin but its better to see it up close
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Pillar of the Community
Canada
2495 Posts |
Should be zero premium for this gold coin.
Even MS grades should be sold for almost bullion because of the thousands of MS coins that were released by the Mint a few years ago.
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Replies: 19 / Views: 2,973 |
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Posted 06/04/2017 3:55 pm
