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I Want To Buy My First My First $20.00 Double Eagle

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barryg's Avatar
United States
5855 Posts
 Posted 12/14/2013  3:56 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Are you looking for a high grade example as an investment or just one want own for your collection? If the former, I would definitely agree with what everybody here has said. If the latter, however, I don't see anything wrong with buying a raw coin from a reputable bullion dealer like APMEX. For example:

http://www.apmex.com/product/4364/1...uncirculated
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tpg22's Avatar
United States
919 Posts
 Posted 12/14/2013  4:32 pm  Show Profile   Bookmark this reply Add tpg22 to your friends list Get a Link to this Reply
I am thinking of adding some gold too. I checked HA past auctions. When gold was $400-500 an oz the common Slabbed MS63's sold for about that. How long will it take for commons to get closer to current spot of $1250?
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DoubleEagle20's Avatar
United States
1748 Posts
 Posted 12/14/2013  10:33 pm  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list Get a Link to this Reply
I think those days are gone, tpg22. The pre-1933 commons are beginning to gain numismatic value, especially the original surface coins. I had a dealer gray sheet a 1861 philly mint double eagle for me in case I find one I like. Even in VF-XF they are $2100. 1861-P was a high mintage coin. Probably go with an "S" mint from that era instead if I hafta pay top dollar.
It's all this quantitative easing "hot money" that is driving the higher prices.
Edited by DoubleEagle20
12/14/2013 10:42 pm
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Fathead 5's Avatar
United States
294 Posts
 Posted 12/17/2013  10:46 pm  Show Profile   Bookmark this reply Add Fathead 5 to your friends list Get a Link to this Reply
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yellow88's Avatar
United States
581 Posts
 Posted 12/18/2013  8:18 pm  Show Profile   Bookmark this reply Add yellow88 to your friends list Get a Link to this Reply
Thanks for all the great info. It is appreciated. I have some studying and learning to do.
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DoubleEagle20's Avatar
United States
1748 Posts
 Posted 12/20/2013  11:22 am  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list Get a Link to this Reply
Yup, you do. Your best first investment is "A Guide Book of Double Eagle Gold Coins" by Q David Bowers. It will give you vital background information on the coins and tips on how to collect them from experienced people. My copy is still functioning but it's pretty ragged now. The price information is off since it has been awhile since last publication. but I didn't buy it for that...lol.
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