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 Replies: 18 / Views: 3,570 |
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Pillar of the Community
 United States
6606 Posts |
Quote:
How much are you going to spend? Thats the big question |
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Pillar of the Community
United States
2860 Posts |
I would suggest visiting your local/reputable coin dealer/s & compare their pricing to online prices, as other have suggested, APMEX, etc. From a market perspective, looking at the gold tracking stock aka $GLD, the RSI (relative strength indicator) is currently nearing 80, which is indicative of being overvalued. A $GLD price retracement to a 50 RSI, will ultimately end up saving you some money on your purchase. I've added a current chart of the $GLD, so check it out in the link below. https://bigcharts.marketwatch.com/a...lse&state=10Edited by coin rejector
06/01/2021 3:59 pm
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Pillar of the Community
United States
4469 Posts |
I agree you should buy a gold coin in a TPG holder, but you still should learn how to grade the $5 Indian Head before making your purchase. |
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Bedrock of the Community
United States
94367 Posts |
Could not agree more!  |
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Bedrock of the Community
Australia
21788 Posts |
Arguably the most difficult to grade of classic American coins, due to the innovative BLP design. I just love them; a brilliant design  Due to the difficulty to grade accurately, it is essential that you learn as much as you can about the grading of the BLP design before considering to buy an example. Take lots of time, and very closely examine the Photograde examples for your own education. That is OK, they are commonly available, so hasten slowly |
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Pillar of the Community
United States
4692 Posts |
The OP wants to buy the coin, not an expert in grading the series! I don't need to know details on how my digestive system works before I eat my lunch.
Edited by jimbucks
06/01/2021 7:08 pm
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Pillar of the Community
United States
6394 Posts |
I'd suggest you inspect some examples of $5 Indians to get familiar with the appearance in different grades. The Heritage website offers free viewing of coins from their auctions and is an excellent resource.
If you just want one example the date isn't important but I would avoid the 1909-D, just because it's the most common issue. Other less-common dates should be available at comparable prices.
Good luck! If you get your coin please post some photos!
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Pillar of the Community
United States
4692 Posts |
Edited by jimbucks
06/01/2021 7:36 pm
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Pillar of the Community
United States
5833 Posts |
Good luck in buying that first $5 gold piece, post it back here once you get it.
All analysis is pointing gold and silver prices should continue to climb, but anything can happen!
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Pillar of the Community
United States
600 Posts |
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All analysis is pointing gold and silver prices should continue to climb Of course there has never been a time when the gold analysts didn't say gold was going up. |
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Valued Member
 United States
55 Posts |
Thanks all for your thoughts.
I'm looking for at least MS61, but should I consider spending more for MS62 or even 63? I know my budget is the main factor, but am asking more about the best approach to a collectible coin.
For me, I think I am fine with a lower grade as long as I like the look of the coin.
Thanks again all, I'll keep you updated on my quest!
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Pillar of the Community
 United States
5675 Posts |
Sometimes an AU-58 with minimal wear can be more attractive and desirable than a low MS coin, and I think that's especially true with gold Indians. You should look at many examples before making a decision.
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Pillar of the Community
United States
3343 Posts |
If you can find the funds the $10 is a better value. I like that Indian design better than the incuse $5. MS common dates sell much closer to bullion.
The raw $10's have more heft in hand than the nickel-sized $5's too.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
3663 Posts |
The Indian half eagle is heavily counterfeited. Fake slabs are becoming more common, too. Be sure you are buying a genuine coin in a genuine slab. Verify the coin and the slab before buying.
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Bedrock of the Community
Australia
21788 Posts |
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Replies: 18 / Views: 3,570 |
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Posted 06/01/2021 2:35 pm
