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Is This A Deal For A 1898 Half Eagle?

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Author Previous TopicReplies: 4 / Views: 1,056Next Topic  
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Demarco Bishopp's Avatar
United Kingdom
548 Posts
 Posted 07/31/2013  10:43 am Show Profile   Bookmark this topic Add Demarco Bishopp to your friends list Get a Link to this Message Number of Subscribers
http://www.bullionbypost.co.uk/gold...alf-eagle-5/

Cost in US dollars is about $370.

I don't know much about these types of coins so I don't want to get burnt if it's a bad deal.
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SeatedNut's Avatar
United States
2797 Posts
 Posted 07/31/2013  11:00 am  Show Profile   Bookmark this reply Add SeatedNut to your friends list Get a Link to this Reply
It's a common date and therefore tied to the spot price of gold. Today that would be about $316 in bullion. It's not an exhorbitant price for that specimen. You could do a bit better, and in some instances, a lot worse. If not cleaned it would carry a premium over spot prices.
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IndianGoldEagle's Avatar
United States
36916 Posts
 Posted 07/31/2013  11:35 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
It's a fair price, cheaper than you can find in the USA if the coin is genuine. I see they have the wrong photo for the obverse, as they are using that of a $20 Liberty Head gold.
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thq's Avatar
United States
3352 Posts
 Posted 07/31/2013  11:57 am  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
Since the ad shows 4 in stock, it's almost certain you're not getting the coin pictured, just a US bullion grade half eagle. Ex-jewelry grade coins sell for $30 over spot around here, while regular VF's sell for $40-50 over spot.

$370 sounds pretty fair, unless the coin has significant weight loss. If they ship you a VG you could lose 5% of the metal.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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chetzler's Avatar
United States
206 Posts
 Posted 07/31/2013  11:39 pm  Show Profile   Bookmark this reply Add chetzler to your friends list Get a Link to this Reply
Just came in to say what IndianGoldEagle said: that is NOT a half eagle obverse, that much jumped right out at me. It'd probably make me a little wary.
Edited by chetzler
07/31/2013 11:40 pm
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