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 Replies: 21 / Views: 2,325 |
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Moderator
 United States
16680 Posts |
 Local coin shops sure have changed. I agree, an XF coin. Nice catch! swcoin.ecrater.com
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Pillar of the Community
United States
3453 Posts |
Very nice! The $5 Indian was hubby and my first gold purchase as well. How did you get to the XF grade? I have trouble grading gold (and would have guessed AU) so I am very interested in hearing how you came to that conclusion.  |
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Valued Member
United States
250 Posts |
Looks great and congrats! My first gold coin was an Indian $2.5 (see my avatar!) You'll enjoy having this in your collection, it is a beautiful design that you cannot get tired of looking at :)
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Pillar of the Community
United States
3486 Posts |
When I had the opportunity to study a few of these pieces some years back I found my eyes focusing on the areas shown in the edited photos.   As for the obverse, I'm guessing that the areas I circled are important.  |
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Pillar of the Community
United States
3486 Posts |
Re: design: The Red Book says: "The sunken ( incuse ) designs and lettering ..." That makes the term correct, I think. |
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Pillar of the Community
United States
3234 Posts |
Looks like an AU possibly.
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Pillar of the Community
United States
5854 Posts |
Nice pickup!  Looking forward to seeing your 1882 $5. IMHO, I can see it as an AU-55. I see a little bit of wear on the high points and some luster in the fields on the reverse. Even on AU coins, the fields often times has little or no luster since unlike other coins, there is no rim and design elements to protect it. An AU-58 is possible if the luster and eye appeal is good but the large mark on the reverse makes it less likely that it will. Michael Fazzari wrote an article about grading borderline AU/BU indians that I think may help others as it did for me. http://www.numismaster.com/ta/numis...icleId=25170 |
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Pillar of the Community
United States
3486 Posts |
First off, NathanASE, I apologize for stealing your thread. However, if I can get an answer to my question it will automatically answer questions asked by others. I must agree with the consensus that your coin is in the XF range. But, if the experts says that is approaches/is an AU-50, or higher, then I submit that my example is also an AU-50.   Of the four or five examples that I had at the time this was the best looking. I have, since 1986 or 1987, been wondering if it approached an AU-50. Dearly would I like it to be. For I, too, love this design by Mr. Pratt. ENJOY your gold coin - it is a nice feeling, yes? |
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Pillar of the Community
United States
1704 Posts |
Congratulations on the acquisition of your first gold coin. Be wary of catching gold fever though that may not necessarily be a bad thing. LOL! Ed ANA LM-3175 |
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Moderator
United States
15564 Posts |
Lovely coin ... congratulations on your first gold coin acquisition. David Take a look at my other hobby ... http://www.jk-dk.art |
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Rest in Peace
United States
7075 Posts |
 You got a great coin. Enjoy! |
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Pillar of the Community
 United States
1511 Posts |
Thanks for the flgreat comments everyone, and yes, it is definitly a great feeling! Local "con" shop.. That's hilarious... product of auto correct spelling on my phone. Thats funny 8 didnt even notice the spelling weror until now. Actually my go to coin shop is anything but a con shop, I trust my guy to the T, with grading and price.
Kelly- honestly I had this one at EF-AU and was being conserveitive by saying EF, I wasn't really sure.. I really have no experience with grading these but I could see it as an AU also... That would definite be nice. I paid just about $440 for this one so I'm quite happy with it.
-Mathew, thats a very nice one you have there also, I'd say its definitely possible for yours to pull an AU also, although again I really have little experience with these..
I have the money to grab the 1882 today... But with the half foot-foot of snow we got last night I don't know if I'll be making the trip down there today... Hopefully though... I want it bad... Gold fever.. Lol. So I I do get it ill try to get pics up asap. Thanks again everyone!
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Pillar of the Community
United States
3486 Posts |
You could always call the dealer and ask to have the coin held for a day or two.
As you are already a paying customer I do not think that it is a problem.
If you do not have the phone number I may be able to find the shop listed in the
Numismatic Dealer's Directory.
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Valued Member
United States
63 Posts |
NathanASE,
First of all let me say congratulations on your first gold coin. Gold coins were, and still are hard to grade!
My first gold coin was on a charm bracelet my wife and I bought at a local auction. She wanted the bracelet and gold charms and I wanted the 1880 $5 gold piece.
We bought the bracelet for $200.00 (many years ago) and it was the start of a "minor" love affair with gold after that.
I still have that coin and perhaps 6 or 8 more gold coins but the 1880 is still one of my favorites.
With minting of over 3 million it is one of the least desirable but at that time $200.00 was real money to us so I won't forget that purchase.
Get out in the snow and go deal with your coin shop!! He may just give you a better price just because nobody else wants to make it out!
Anyway good luck with future purchases and God bless you and yours... rcordell
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Pillar of the Community
United States
1511 Posts |
So I sucked it up and drove down the mountain... Holy bad out! But I made it to the store and bought the MS 1882 $5.. I just posted a topic about it. The way back was horrible... Sooooo icy going up the mountain.. But that's another story... So long story short I got my new coin and made it home with it safely... Good day indeed!
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Replies: 21 / Views: 2,325 |
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Posted 03/15/2013 09:24 am
