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 Replies: 11 / Views: 1,626 |
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New Member
United States
2 Posts |
I have the opportunity to by an 1849 $1 Gold Coin for $180. Is that a good price?
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Pillar of the Community
United States
7840 Posts |
 Got any more info than just a date? Check the reverse for a mint mark, and condition would be a factor as well. Got any images to go by? $138 is the minimum fair market value according to numismedia. Edited by oih82w8
06/01/2012 3:08 pm
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New Member
 United States
2 Posts |
Sorry cant get photos already left and it's not mine but the condition looks to be AU and there is no mint mark I checked because I already have a 1849 one dollar gold coin but thought that if the price is good then I would buy it and resale it |
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Bedrock of the Community
United States
10982 Posts |
There's only $79 in gold there if it's full weight. If the coin is badly damaged then it's it's not worth much more than that. Pristine coins in mint state condition with a "C" mint mark can be worth half a million dollars. Without knowing more about the coin, there is no way to say if $180 is a good price or not. |
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Pillar of the Community
United States
548 Posts |
Like this one?   Mine doesn't have the C mintmark. Sigh.  As to value, most gold coins sell at a premium to gold value. Particularly the low denomination (smaller gold mass) coins. I'm not saying whether $180 is a good deal or not, though. |
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Bedrock of the Community
United States
20753 Posts |
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Moderator
 United States
23522 Posts |
Quote:
I have the opportunity to by an 1849 $1 Gold Coin for $180. Is that a good price? Maybe. Possibly. If it's not cleaned (common), not ex-jewelry (also common), and a righteous AU, you'll make good profit but only if you put it into a reputable TPG slab. If you're comfortable with making those judgments, buy the coin. Be aware, though, they're not hard to find in Mint State so you'd better be right or you'll end up losing out on the flip. |
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Bedrock of the Community
United States
10982 Posts |
If the coin is problem-free then $180 is a good price for sure. Many G$1 have problems though, probably most of them do. Here's one that went for $89 on Heritage last year when gold was north of $1400/oz. http://coins.ha.com/c/item.zx?hdnJu...8896&x=0&y=0Edited by BH1964
06/01/2012 8:42 pm
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Pillar of the Community
United States
3184 Posts |
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Bedrock of the Community
Australia
21788 Posts |
Be a little wary. Because of it's diminutive size, there are quite a few good quality copies out there, made in in good quality gold, for jewelry purposes.
If I were to make a copy, 1849 is the date I would choose. That was the date when gold was discovered in Ca, at Suttor's Mill.
A lot of miners who failed to strike it rich came to New South Wales a year or two later.
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New Member
United States
39 Posts |
If your planning on sending it to a TPG, your taking a chance especially if your not sure of the grade. I would stick to graded/slabbed coins. You eliminate the risk of getting a cleaned or counterfeit coin too. There are plenty of $1 1849 in AU55-58 on heritage auction or teletrade for sale for less than $300. If its truly in AU condition, $180 is probably not a bad price. |
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New Member
United States
45 Posts |
Its true, I bought the same coin a few years back, was really excited about it and thought I got a good deal on ebay, I found out that the coin was actually gold plated silver, The seller was honest he didn't even know and exchanged it for me. Good Luck! |
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Replies: 11 / Views: 1,626 |
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Posted 06/01/2012 3:03 pm
