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1852 Twenty Dollars, Liberty Head

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Author Previous TopicReplies: 16 / Views: 2,579Next Topic Page 2 of 2
New Member
Poland
6 Posts
 Posted 05/01/2015  3:40 pm  Show Profile   Bookmark this reply Add athenna83 to your friends list
Thank you for your reply. Does it mean that this coin has only a bullion value (value of gold) in your opinion?
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United States
9395 Posts
 Posted 05/01/2015  4:01 pm  Show Profile   Bookmark this reply Add pepactonius to your friends list
1852 is a bit early for a $20.00 bullion coin. Most US bullion 20's are post Civil War, usually after 1878.
New Member
Poland
6 Posts
 Posted 05/01/2015  4:16 pm  Show Profile   Bookmark this reply Add athenna83 to your friends list
@pepactonius

I'm sorry - I think I don't understand. I thought that all 20$ coins released between 1849 and 1933 were made with clean gold? Maybe I missunderstood meaning of "bulliion coin".
Valued Member
United States
231 Posts
 Posted 05/01/2015  4:51 pm  Show Profile   Bookmark this reply Add kkirby99 to your friends list
Gold coins between 1849 and 1933 were produced with .900 fine gold. This coin is worth more than just the melt value (bullion value). There will be a premium associated with it to a collector. What that premium is depends on a lot of factors. Don't just sell it for melt value. All this is assuming the coin is real of course.
New Member
Poland
6 Posts
 Posted 05/01/2015  6:04 pm  Show Profile   Bookmark this reply Add athenna83 to your friends list
@kkirby99

Thank you for your help. Now I see. Could you advise me what is the best way to sell such coin?
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Canada
11922 Posts
 Posted 05/01/2015  7:25 pm  Show Profile   Bookmark this reply Add Joseph7420 to your friends list
EF-45.
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United States
9395 Posts
 Posted 05/01/2015  7:52 pm  Show Profile   Bookmark this reply Add pepactonius to your friends list

Quote:
I'm sorry - I think I don't understand. I thought that all 20$ coins released between 1849 and 1933 were made with clean gold? Maybe I missunderstood meaning of "bulliion coin".


By "bullion coin" I meant a coin that sells for melt value plus some percentage, 3% to 15%, for example. Common date US Liberty 20's in average condition from the late 1870s through 1907 are the cheapest.

The 1852 $20 has a higher numismatic premium than the later ones.
Pillar of the Community
United States
3210 Posts
 Posted 05/01/2015  8:04 pm  Show Profile   Bookmark this reply Add Imthealphaomega to your friends list
Take it to a reputable coin dealer if he isn't interested give it a shot on ebay
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United States
23522 Posts
 Posted 05/01/2015  8:23 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
Welcome to Coin Community, athenna83. A very interesting coin for your first post here.

This was a pretty common coin in terms of the overall mintage, being the third-highest mintage of the series prior to 1898. However, they circulated quite heavily, and are now very rare in Uncirculated condition. That scarcity helps to keep prices of Almost Uncirculated versions high, which will be of importance here.

Gold is graded a bit more generously than coins of other metals, because it wears so much more quickly and picks up scratches easily. Of the places where one looks first for wear on these, I see relatively little. To my mind, an appropriate grade for this coin would be about AU53, perhaps AU50 at the very worst.

The normal advice for liquidating a coin such as this one would be to have it graded and authenticated by a major Third-Party Grading Service ( TPG) and offered via one of the major auction houses. Your location in Europe makes this more difficult, as each of the two major TPGs have few locations in Europe to be of assistance. You would probably need to partner with a local dealer who has existing affiliation with those TPGs - PCGS in Paris or NGC in Konstanz, Germany - to have your coin graded. They require memberships to submit coins for grading, and that might not be cost-effective for you.

Selling it to a dealer would be much worse for you, as the dealer needs to make a profit on the resale and you would be the one paying for that profit with a lesser price.

If this coin is adjudicated authentic and of original surfaces - and I see no reason to doubt its' surfaces - in the grade of AU53 it should realize about double the current melt value of US$1138.94. Something between $2000 and $2500, I would think.
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United States
4932 Posts
 Posted 05/01/2015  8:48 pm  Show Profile   Bookmark this reply Add CoinHuntingDrew to your friends list
I'd buy it =P

Wait no, no I wouldn't.

I don't have that money laying around.
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United States
675 Posts
 Posted 05/01/2015  9:29 pm  Show Profile   Bookmark this reply Add Thundercoin to your friends list
I think it goes around AU-50. Not a bad looking coin for being 160+ years old!
New Member
Poland
6 Posts
 Posted 05/02/2015  06:35 am  Show Profile   Bookmark this reply Add athenna83 to your friends list
Thank you for all your opinions and tips. The magic world of coins is new for me, but now I have much more knowledge than before. I see that selling this coin will not be as easy as I think earlier. Personally I don't collect coins, so I thought that it will be better to find new home for such noble and old one.

Do I understand correctly that according to NGC webpage info, the cost of grading such coin is about 39$ for membership and additional 30$ for grading explicite plus shipping?
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United States
36844 Posts
 Posted 05/02/2015  10:04 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list
AU-50
New Member
Poland
6 Posts
 Posted 05/17/2015  05:01 am  Show Profile   Bookmark this reply Add athenna83 to your friends list
Hello again guys,

Could you help me in choosing proper grading option for my coin from NGC webpage? I sent them a message with similar request, but don't have any reply... Thank you in advance
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United States
23522 Posts
 Posted 05/17/2015  08:02 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
May I assume you are submitting to the Zurich or Munich offices? If so, I suspect your appropriate tier is the $40 "Gold" tier, as this coin would fall under their definition of a "common date gold coin" as I read it from their US pricing.

http://www.ngccoin.com/services/int...px?lc=europe
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