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 Replies: 18 / Views: 3,260 |
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Bedrock of the Community
United States
10284 Posts |
The $3.00 Princess is on my bucket list. I may have to settle on a One Dollar tho. Congrats, it's nice and if it was in a bezel, it looks fairly unharmed and fine the way it is now.
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Bedrock of the Community
United States
10982 Posts |
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Pillar of the Community
 Canada
586 Posts |
The starting bid is $800 cad, its estimate is $2000-$4000. I'll keep my eye on it and hope the bezel marks keep it low. Compared to the pictures of the MS ones BH1964 provided, it seems AU condition wise at best.
I don't really like buying from the US, because my last few experiences with customs more then doubled my purchasing prices.
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Bedrock of the Community
United States
94367 Posts |
It appears AU, I agree. Beware of paying up for a damaged coin however scarce it may be.
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Pillar of the Community
 United States
5687 Posts |
It also appears lacking in luster. AU seems about right, but given the slight damage, I would probably stay low.
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Rest in Peace
United States
17900 Posts |
Get any date other than 54, 74, & 78, and all the rest are low mintage.
A 56 or 57 won't cost much more than one of those common dates.
If you ever need to sell it, good luck getting their starting number.
Collectors buying $3 sets are finicky and have the money to be that way.
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Pillar of the Community
United States
5870 Posts |
They are nice, semi-rare and can be quite expensive. I picked up the following specimen in VF35 for around $800 a few years back:   The $3 Gold Piece (also known as the "Indian Princess") was minted from 1854 to 1889. It was never minted in large quantities, however, and only 535,000 or so pieces were minted for all years combined. 138,618 $3 Gold Pieces were minted in Philadelphia ( no mint mark) for the year 1854, making it one of the larger runs of the entire series (exceeded only by the years 1879 and 1888). |
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Pillar of the Community
United States
759 Posts |
I own one ex-jewelry gold coin (an 1888 Type III Gold $1, mintage 15501) that I bought for reasons that seem similar to your interest in this coin. It has great eye appeal for an ex-jewelry piece with the evidence barely visible, however...every single time I look at the darn thing, guess where my eyes go first? If not for the sub-$100 price tag, it would be pretty high on my list of "coins I might not buy if I had to do it over again." Might be something you want to consider. Good advice from moxking. Patience can be required in the $3 Princess market. Nice one, barryg.
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Valued Member
New Zealand
148 Posts |
Keep in mind that these are among the most widely counterfeited coins in the world. You want to be sure before taking the leap.
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Pillar of the Community
United States
3347 Posts |
When I see a coin like this I think "pocket coin".
For me a gold pocket coin should never sell for more than double its bullion value, no matter how scarce. That makes this a $400 coin, tops. Think of me as your future buyer. AU is not the major interest with ex-jewelry. There is visible solder, iit's scratched, it's very possibly counterfeit, and almost certainly has been dipped and polished.
The last ex-jewelry piece I bought was an 1858-S half eagle in a slab. A far scarcer coin with fewer problems than this one. 2x melt. Currently in pocket.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
05/03/2018 5:13 pm
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Bedrock of the Community
United States
94367 Posts |
Wait, so you wouldn't pay more than twice bullion value for, say, an 1854-D $3 gold in the same condition shown just above?
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Bedrock of the Community
13014 Posts |
Quote:
. For me a gold pocket coin should never sell for more than double its bullion value, no matter how scarce. That makes this a $400 coin, tops. Think of me as your future buyer. There are A LOT of classic gold issues you will never be a future buyer for if 2x melt is your max. That won't even get you on the same continent as some issues. That said your point is right about it possibly being fake. $3 gold I would NEVER buy raw from 99.999 percent of places. There's very likely more fake than real ones out there and most people dealers included wouldn't be able to spot them. |
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Pillar of the Community
United States
3347 Posts |
coinfrog, the best pocket coin I ever had was an 1846-C half eagle, NGC straight grade AG3, which I cracked out. As soon as I sold it I regretted it, because I'll never have another one.I don't remember paying even 2x melt for it, but that was before the southern branch mints took off.
Charlotte and Dahlonega would never sell as low as 2x melt in this condition and I don't even look. I could get damaged and/or worn CC's in the 2x range ten years ago, but they've taken off too, selling in the 3-4x range. They're aren't that many to start with, and IMO I depleted the supply significantly.
basebal21, 2x is my limit for a coin to put in my pocket and carry around. I'm not trying to fill a hole in an album.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
05/04/2018 12:32 am
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Bedrock of the Community
United States
17884 Posts |
Quote:
For me a gold pocket coin should never sell for more than double its bullion value, no matter how scarce. The 1870 S is an ex-jewelry piece, with graffiti. But I think it will cost a little more than twice melt. |
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Pillar of the Community
United States
3347 Posts |
....if I see an 1870-S for 2x melt I'd pass unless it was authenticated....
But you make a good point Conder101. Extreme scarcity makes damaged coins extremely valuable. From what I've seen over 30 years, even moderate scarcity is starting to affect the prices, especially the branch mints.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Replies: 18 / Views: 3,260 |
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Posted 05/02/2018 1:14 pm
