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Need Help: Us 1901 Liberty Head Gold Coin

 
 
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New Member

United States
2 Posts
 Posted 08/16/2019  10:15 pm Show Profile   Bookmark this topic Add thomasj182 to your friends list Get a Link to this Message
Hi guys,

New to the forum, I recently inherited a 1901 Liberty Head $10 gold coin, I'm not necessarily interested in selling it tomorrow but I have a few questions about it.

What I know so far:
Weight is 16.75 grams
I has a decent size bag mark on it
Other than that it's in pretty good condition

1. If I do decide to sell it do I need to have it certified?

2. I live in Albany, NY does anyone know of any trustworthy sellers/buyers to bring it to?

3. Will this coin increase/decrease in value?

4. Any good websites that I could go to to determine a rating scale for it?

Any recommendations on what to do with the coin is greatly appreciated!


Pillar of the Community
United States
5120 Posts
 Posted 08/16/2019  10:48 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
Firstly, to ccf!

Secondly, yes, certification is best because it guaretees authenticity, though most dealers would buy this raw (uncertified). For a quality rating for coins we use a scale from 0--70, with 60-70 being mint, 50-58 being About Uncirculated (mint), 40-45 being extremely fine, and so on and so one. Yours looks to be a AU-55 or 58. As for value, certified it's worth around $780 + or - a bit. This coins value moves proprotionally to the value of gold. Gold is at a multi-year high right now, so it wouldn't be a poor time to sell if need be, but most metals gurus think gold will hold steady for a while. I can't speak to any NY dealers as I am based out of MD.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Youtube: https://www.youtube.com/channel/UCq...ukyxurAHKuRg
If you want to buy something or sell something or just talk, shoot me a PM!
New Member
United States
2 Posts
 Posted 08/16/2019  10:54 pm  Show Profile   Bookmark this reply Add thomasj182 to your friends list Get a Link to this Reply
Great, thanks for the info, I cleaned it up a little bit with some soap and an old tooth and it looks much better now in terms of aesthetics. It was a gift from my grandmother and she said I can do what i'd like with it. We're not necessarily hurting for money right now but if I keep it it'll end up sitting in my sock drawer forever so I wanted to see what type of value it may hold should I decide to part with it.
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United States
5120 Posts
 Posted 08/16/2019  11:51 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
Ohh.... you broke the first rule of rare or scarce coins, cleaning will always hurt values. Collectors would rather have an original example then an altered one. Thankfully your $10 Eagle wasn't super rare, so the value lost to the cleaning is minimal.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Youtube: https://www.youtube.com/channel/UCq...ukyxurAHKuRg
If you want to buy something or sell something or just talk, shoot me a PM!
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Valued Member
United States
397 Posts
 Posted 08/17/2019  01:36 am  Show Profile   Check yellow88's eBay Listings Bookmark this reply Add yellow88 to your friends list Get a Link to this Reply
Congratulations to your good fortune. I'd be prouder than a peacock to have one half as nice.
"Why' is the only real social power, without it you are powerless."
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Valued Member
United States
211 Posts
 Posted 08/17/2019  04:54 am  Show Profile   Bookmark this reply Add lcutler to your friends list Get a Link to this Reply
Yes, cleaning wasn't a good idea. I would keep it and treasure it as a gift from your grandmother. I have some coins from my grandmother that are worth far more to me than the monetary value of the coins.
Valued Member
United States
72 Posts
 Posted 08/17/2019  06:56 am  Show Profile   Bookmark this reply Add Hoxsie454 to your friends list Get a Link to this Reply
I feel that you didn't do major damage cleaning it up a little if you used a well worn, and very soft brush and passed some soap lightly over the coin. Hopefully you rinsed all that chemical laden soap down the drain. Most of the value of this coin is in the value of the gold, and in an AU grade even if it gets AU - Details which it probably is, very little is numismatic value anyway. I would be proud to have it. What a sweet gift from Grandma. Cherish it until you really have a better use, and I don't mean to buy a 'toy'. Having said that, you should protect it in a flip before you loose her in your sock drawer.
Edited by Hoxsie454
08/17/2019 07:09 am
Bedrock of the Community
United States
15739 Posts
 Posted 08/17/2019  08:34 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
I wouldn't put money into having the coin certified, especially now that it has been cleaned. Certified it is worth about $780. Raw it is worth maybe $760. So it would cost $35 to $50 to increase the value $20.
Gary Schmidt
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 Posted 08/17/2019  09:17 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Agree, save your money.



to the CCF!
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United States
16886 Posts
 Posted 08/17/2019  10:06 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
It's worth a little more than melt value. Melt value is $731.96 today. Value for this follows gold spot value, which changes constantly.
Pillar of the Community
United States
1941 Posts
 Posted 08/17/2019  12:20 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
Carry it as a pocket coin as a memory of your grandmother, and sell it if you need the money. The scratch and the common date make it uncollectible.

Back in the 90's I sold 4 common eagles like yours and bought a Breitling watch for $800. I still like the watch and wear it, and just spent $1000 to get it overhauled. It's a lot more useful to me than the gold pieces were.

"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
08/17/2019 12:26 pm
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