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Want To Buy A $2.50 Gold Coin, Any Advice?

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Author Previous TopicReplies: 20 / Views: 3,227Next Topic Page 2 of 2
Pillar of the Community
United States
1195 Posts
 Posted 05/04/2017  9:21 pm  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list
I'd suggest a slabbed one to help ensure you don't get a cleaned one. Indians are much more popular than Liberty. If you ever want to resell I'd suggest the Indian. Make sure to post what you end up finding!
Bedrock of the Community
13014 Posts
 Posted 05/04/2017  11:23 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
Is it really still possible to get fakes at a show?


Yes. Being a dealer doesn't make you an expert in everything and gold is an entirely different animal.
Valued Member
United States
265 Posts
 Posted 05/05/2017  12:48 pm  Show Profile   Bookmark this reply Add mail187man to your friends list
If I pull the trigger on buying one this weekend, I will surely post a picture. I may chicken out all together, but I would really like to buy one. Thank you all for the help.
Pillar of the Community
United States
3343 Posts
 Posted 05/05/2017  1:13 pm  Show Profile   Bookmark this reply Add thq to your friends list
It helps to know your dealer. The last coin show I went to was to see a specific dealer who was a specialist in California gold. He knew every flaw and every bit of doctoring his coins had experienced and his prices were fair.

It also helps to have a scale. You can buy a tenth gram accuracy pocket-sized scale on ebay for under $10. Quarter eagles MUST weigh 4.1-4.2 grams.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
05/05/2017 1:17 pm
CCF Advertiser
United States
1533 Posts
 Posted 05/05/2017  4:28 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list
If you buy a common Indian in AU-55 -MS-63 it will be in your price range. I'd buy them raw if I knew the dealer, but you might just stick to TPGs for now. As there is so small a difference between the lower grades, I might aim for an MS-63.
Pillar of the Community
Learn More...
United States
4594 Posts
 Posted 05/05/2017  5:21 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list
Stick with certified coins... the $1 and $2.50 were inexpensive enough to be WIDELY counterfeited for the jewelry trade. If you don't know precisely what you are looking at you will probably not buy what you want (a genuine coin).
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
Pillar of the Community
United States
790 Posts
 Posted 05/05/2017  9:43 pm  Show Profile   Bookmark this reply Add twslisa to your friends list
I'm not an expert, but next week the Denver Coin Expo is happening, and it will be my 2nd time. One thing I intend to do diffently is I'm going to ask for business cards from any dealer I buy from, and write down what I bought and how much I paid on the back. It'll help when I go to add them to my inventory, plus I'll know if that dealer has a website and I'll have contact info in case I want to reach out to them later.

I second the suggestion that you stick with graded coins if you're paying hundreds of dollars. Unless you're a wiz at authenticating and grading, it will go a long way to help you decide whether the coin is worth the asking price.

For people who have more experience at shows, would it make sense to take a copy of Coin World or another coin mag that has coin values? You can always google the coin and get the value given by PCGS or NGC, but their values are based on auctions, so they tend to be high compared to gray sheet.
Valued Member
United States
265 Posts
 Posted 05/07/2017  10:34 am  Show Profile   Bookmark this reply Add mail187man to your friends list
So I ended up buying a 1910 Indian head in a PCGS slab that is an AU58. I will post pics later. I paid under $300 for it.
Valued Member
United States
265 Posts
 Posted 05/07/2017  8:03 pm  Show Profile   Bookmark this reply Add mail187man to your friends list
Want-To-Buy-A-$2.50-Gold-Coin,-Any-Advice?
Pillar of the Community
United States
2130 Posts
 Posted 05/07/2017  9:22 pm  Show Profile   Bookmark this reply Add Connor to your friends list
I was a little late reading your post. Congrats on your purchase. Its a nice looking piece of gold. I collect quarter eagles and the price you paid was right in line for what you would have paid online. I have bought quite a few in AU55-58 for $275-$300 range.
Bedrock of the Community
United States
94367 Posts
 Posted 05/07/2017  9:23 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Sounds like a good price. If you're happy, that's what counts.
Valued Member
United States
265 Posts
 Posted 05/07/2017  9:37 pm  Show Profile   Bookmark this reply Add mail187man to your friends list
I looked online and it seems people pay around what I paid for it. Occasionally some have sold for a little more than what I did for an AU58. I checked the entire coin show and that seemed to be what I was looking for in my price range. Thanks for the purchasing advice everyone.
Bedrock of the Community
United States
10982 Posts
 Posted 05/07/2017  10:12 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list
Looks like a good purchase. Congratulations.
ANA #R3154474
Valued Member
United States
152 Posts
 Posted 05/16/2017  12:34 am  Show Profile   Bookmark this reply Add jwitten to your friends list
Nice coin, but I can get MS62 off ebay for a little over that sometimes if you are patient enough.
Valued Member
United States
467 Posts
 Posted 05/17/2017  9:11 pm  Show Profile   Bookmark this reply Add justanothercoinaddict to your friends list
Congratulations on your purchase and for following the advice of those who recommended getting a certified coin.
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