| Author |
 Replies: 12 / Views: 1,344 |
|
|
Pillar of the Community
United States
669 Posts |
I was asked if I wanted to buy this $10 eagle. The person sent me pics; I'm not an expert on grading, but I was wondering if this would be a nice piece to pick up or if I can find better pieces out there? (I collect more modern coins (absent the Peace dollars so this would be my first pre-modern gold piece). Thanks   |
|
|
|
Pillar of the Community
United States
1788 Posts |
High AU to Low MS, Looks fine.
|
|
Valued Member
United States
431 Posts |
|
|
Bedrock of the Community
United States
94367 Posts |
I'm with Ploopy, could well be MS. How much is he asking?  |
|
Pillar of the Community
 United States
669 Posts |
|
|
Pillar of the Community
United States
1788 Posts |
|
|
Pillar of the Community
United States
669 Posts |
So it looks like he's also doing it on ebay (I'm assuming he's offering for less to avoid ebay fees?). |
|
Moderator
 United States
23522 Posts |
For $700, it needs to slab at MS63 to break even on the cost of slabbing. It's a common issue with no real grade premium over basic collectability below MS64. I see no conclusive evidence here that the coin is Mint State at all, and circumstantial evidence making me think it circulated a bit.
|
|
Pillar of the Community
United States
6385 Posts |
Luster is pretty weak for a mint-state eagle so I'd guess it's either slightly circulated or has been cleaned in some manner. Minimal marks and a nice overall appearance. Might make a good type coin but with the current low gold spot price the asking price is too high.
|
|
Pillar of the Community
United States
6370 Posts |
I would try to stay as close to the ~$560 melt value as possible.
|
|
Bedrock of the Community
United States
36745 Posts |
|
|
Pillar of the Community
United States
1657 Posts |
Get pics outside that 2x2. I wouldn't consider purchasing it with better photos.
|
|
Bedrock of the Community
United States
10982 Posts |
I agree the luster looks very weak indicating it's an AU coin. $600 is the most I'd consider paying for it from those pics.
|
| |
Replies: 12 / Views: 1,344 |
|
Posted 08/20/2015 2:58 pm
