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 Replies: 22 / Views: 2,832 |
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Pillar of the Community
United States
1839 Posts |
Depending on your budget Indian $2.5 coins are very attractive and somewhat affordable. They're about the diameter of a dime so they're not so tiny that you can't see the details. And not so big that the cost of the gold drives the price way up. You should be able to find a nice AU example for a little under $300 http://www.coincommunity.com/us_gol...ian_head.asp Edited by Tbone
08/07/2015 6:43 pm
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Pillar of the Community
United States
3343 Posts |
I think the best looking $10 Indians are the no motto 1907 and 1908 coins. Despite having a very low mintage the 1908 no motto does not sell at any premium over the common dates, but you don't see nice ones offered very often. Look for well struck coins, with full feather detail on the eagle's shoulder and breast. This 1908-D has some dings, but is a good example of a well struck no motto. http://www.ebay.com/itm/1908-D-10-I...em20e4ac52baIn terms of desirability I like these cc's more. They're shabby coins in terms of wear and luster, but they're working coins from the gold rush.   "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
08/07/2015 7:17 pm
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Bedrock of the Community
United States
94367 Posts |
The best feature of the $10 Indian is the completely uncluttered obverse - just "Liberty" across the headband. No motto, no USA - nothing but Liberty, stars and the date. Very powerful in its simplicity among all US coins.  |
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Bedrock of the Community
United States
94367 Posts |
PS - agree completely with thg that the "no mottos" are the best of all.
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Pillar of the Community
United States
1450 Posts |
There are Saint-Gaudens with very low mintages that do not cost much more than some of the higher mintage coins. I see the 1913S with mintage of 34,000 and it lists for only a few hundred more than coins with ten times the mintage.
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Valued Member
United States
177 Posts |
You'll probably get as many opinions as there are members here! Coinfrog is right about it being a personal choice. "Bang for the buck," huh? To start with, set a rough budget for yourself, along with an absolute maximum. You can go a little over budget if you find something you fall in love with, but with a ceiling you can still rein yourself in. After that, my suggestion ("opinion") would be to go with something that doesn't have too high of a premium over the gold content. A $2-1/2 gold Indian will carry a larger premium than, say, a $5 Indian, so for two common-date coins that look the same, you'll get more "bang" (that is, gold content) for the $5. Bullion coins would have the lowest premium over gold value. And you have to consider what you like. I personally would prefer a Liberty over an Indian, and a St. Gaudens over either. And you don't have to stick with U.S. gold, or even circulation coinage, for that matter. For example, I have a proof commemorative and Canadian Maple Leaf that are really beautiful, as well as an Indian, a Liberty, a St. Gaudens, a 1/10 oz Eagle, and a 1 oz Buffalo. I like them all for different reasons. The St. Gaudens is my favorite design, but the commem and the Maple have the best surface appearances. All that being said, you probably aren't any closer to a decision than before you read my post!  But maybe I've helped you a little bit in the direction you need to go. |
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Pillar of the Community
 United States
2205 Posts |
Thanks, everyone! After I posted I realized I should have given an idea of my budget. Well, the most I've ever spent on a single coin is about $200. I was thinking that I might be able to find something nice for c. $500. although I was prepared for everyone to tell me that was wishful thinking.
Anyway, I am impressed by Tbone's assertion that I might be able to find an AU $2.50 Indian for $300! I've always noticed that these coins tend to be the cheapest (as it were) of the gold issues, and I like the incuse design that makes them different from the others.
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Bedrock of the Community
United States
11951 Posts |
For $500 you could get a $5.00 Indian. Of course the $2.50 would be cheaper, like posted in the $300 range. Just be careful, once you buy one gold coin, you will want more. $2.50 Indian   $5.00 Indian   $10.00 Indian   |
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Valued Member
United States
177 Posts |
NOT wishful thinking! If you shop around, you should be able to find an MS-60 Indian $5 for under $500. Or what might be better looking is an AU-58 for slightly less. And if you like bullion, you can get a nice 1/4 oz Eagle for under $400. If your budget has a little stretch, a 1/2 oz Eagle or an AU $10 Indian should be right around $600.
Edited by Aahz
08/08/2015 10:59 am
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Pillar of the Community
United States
2205 Posts |
I do like the look of the $10 Indian, too. Everyone's right about the simplicity being alluring. Very St.-Gaudens-like. which is no surprise.
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Valued Member
United States
77 Posts |
I personally like the Liberty Half Eagle. $5. For $450 you can get an ms 62. Yes it will be a higher mintage. Or for $500ish you can get an Au-53 or 55 lower mintage coin |
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Pillar of the Community
United States
711 Posts |
You can get a fairly nice raw $10 Indian for just over melt value. Melt is roughly $530 today. Say maybe $550 - $600 for a raw nice coin, nice not being a technical term. Only buy off someone you really trust. Realize there are lots of coins out there, and be patient and don't get ripped off. I think the US $5 and $10 gold coins are the best US coins for the budget buck. If you just want to dip your toe into gold you can check out a Mexican 2 Peso or 2 1/2 Peso Gold coin. Those go for melt value or not much more. My LCS typically has these 2 Peso coins for just above melt. Melt value is just over $52 dollars. He is probably $60 retail at the moment.  Roughly the size of a dime if it helps. Call it just under 1/20th of an ounce. |
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Valued Member
57 Posts |
Quote:
Just be careful, once you buy one gold coin, you will want more. GR58  |
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Bedrock of the Community
United States
20753 Posts |
Lately Gold prices are going down so I'd wait a bit longer.
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Pillar of the Community
United States
589 Posts |
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Replies: 22 / Views: 2,832 |
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Posted 08/07/2015 6:59 pm
