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1835 $5 gold coin—your opinion on grade and value-thnx

 
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 Posted 07/04/2018  9:53 pm Show Profile   Bookmark this topic Add Imag8r to your friends list Get a Link to this Message
I have above coin that was bought from dealer many yrs ago—on receipt said was BU—is photo good enough to give grade?—the 775 is what my dad paid many yrs ago—sorry bout upside down one—still not sure how to fix/rotate

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 Posted 07/04/2018  10:30 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
i cropped and reoriented the pics for you. nice coin


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 Posted 07/04/2018  10:57 pm  Show Profile   Bookmark this reply Add Imag8r to your friends list Get a Link to this Reply
Thanks N Student
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 Posted 07/05/2018  07:31 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
The good news is the coin appears to be genuine with a lot of remaining detail (very little wear). I see the 2x2 says BU (Brilliant Uncirculated) but my first impression was AU (Almost Uncirculated) and probably cleaned. That's the bad news.

The images suggest that it is cleaned and that makes valuing it quite difficult because we don't know for sure if it is cleaned or how bad the cleaning is. I can give you an idea of how much cleaning could affect the value though. Suppose it graded problem-free MS63 then you have a $10,000 coin. Now imagine it grades AU Details - Cleaned, then you have an $800 coin assuming it's not harshly cleaned (it doesn't look harshly cleaned).

Try to take and post some higher-resolution, focused images and we'll have a better idea. $5 Classic Head gold pieces are very desirable coins to most collectors.
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 Posted 07/05/2018  09:54 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I don't think it's uncirculated, but pics need to be sharper for further analysis.



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 Posted 07/05/2018  10:21 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Also, please remove from 2x2 first.
John1
( I'm no pro, it's just my humble opinion )
Searched 5+ Million Cents Since 1971
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 Posted 07/05/2018  10:35 am  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
Sharper pics needed. Looks authentic. Remove from 2 x 2 for better pics.

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How to identify cleaned coins: http://goccf.com/t/319679
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 Posted 07/05/2018  10:53 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
AU details, cleaned
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 Posted 07/05/2018  2:15 pm  Show Profile   Bookmark this reply Add Imag8r to your friends list Get a Link to this Reply
Thank you for info
—have a question—i have receipt for coin in 1998(dads) from Ramapo coin dealers in NY—it says BU on receipt—would a dealer clean a coin back then and anyone know of this coin dealer?—cant find online anymore
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 Posted 07/05/2018  3:38 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
Ramapo was one of those coin shops that advertised heavily in coin magazines. I think the owner's name was Roger Herman and he didn't have a great reputation. I guess his business model was pushing common, optimistically graded coins to the mass market for their investment potential. It was like Littleton without ever reaching their scale.
Edited by numismatic student
07/05/2018 3:39 pm
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 Posted 07/05/2018  6:19 pm  Show Profile   Bookmark this reply Add Imag8r to your friends list Get a Link to this Reply
Yeh I just read a thread on Ramapo and some were ok but couple didnt have very nice things to say—my dad bought quite a few from him—i wonder about all the BU gold coins he bought and if he did clean them that would suck
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 Posted 07/06/2018  07:28 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
Yeh I just read a thread on Ramapo and some were ok but couple didnt have very nice things to say—my dad bought quite a few from him—i wonder about all the BU gold coins he bought and if he did clean them that would suck


The seller (Ramapo) might never have cleaned a coin but still sell cleaned coins. There's a cottage industry (and has been for years) buying problem coins (i.e. cleaned) and selling them to unsuspecting buyers as problem-free pieces at inflated prices.

The $775 price on the flip is likely close to what the piece is worth today but without better pictures it is hard to say. I would dare say there is very little chance the coin is worth less than $775.
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 Posted 07/06/2018  2:44 pm  Show Profile   Bookmark this reply Add Imag8r to your friends list Get a Link to this Reply
Here is the 1838 out of the 2x2

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 Posted 07/06/2018  2:47 pm  Show Profile   Bookmark this reply Add Imag8r to your friends list Get a Link to this Reply
Sorry sideways—-i just figured the cropping process—my pics are right side up throughout whole process then come sideways—got to figure this one out
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 Posted 07/06/2018  3:06 pm  Show Profile   Bookmark this reply Add Imag8r to your friends list Get a Link to this Reply
Got it figured out I think

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 Posted 07/06/2018  4:18 pm  Show Profile   Check Ploopy's eBay Listings Bookmark this reply Add Ploopy to your friends list Get a Link to this Reply
I agree with the consensus of AU Details cleaned. Worth about what you payed for imo, $775-$800.
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