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 Replies: 40 / Views: 6,292 |
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New Member
United States
1 Posts |
Amateur here :) I inherited about 60 1986 Gold Eagles recently and decided to "keep it in the family" and keep the legacy alive so to speak. However, I don't know what I'm doing at all haha. So, I was hoping someone could shed some light on the difference between a few of (what appear to be) the same coin, graded the same, except different "titles"? 1) 1986 G$50 MS 70 2) 1986 W G$50 MS 70 3) 1986 W G$50 MS 70 Ultra Cameo What's the difference? What's more desirable? Are other years like that? Also, I went to NGC and looked up their "values" and how many have been graded at that particular grade, and it appears that #1 has LESS graded than #3, yet #3 is valued higher. Why? Doesn't scarcity drive prices up? I'd like to end up collecting one of each kind ($5, $10, $25 and $50) for each year at the highest graded/most premium as I possibly can but have no idea where to start. Any insight and common pitfalls and/or "rookie mistakes to avoid" would be greatly appreciated as well as :) Thanks! |
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Pillar of the Community
United States
526 Posts |
1986 G$50 is the first year of issue from Philadelphia. 1986 W G$50 is from West Point Mint and is a perfect coin. (MS 70) 1986 W G$50 (MS Ultra Cameo) - Collectors delight. The Ultra Cameo is most sought after. I would have thought that the Ultra Cameo would have graded PF 70 instead of MS. Each $50 dollar pieces is 1 troy ounce of gold. AGE's come in varying denominations based on Gold content. 1/2 OZ AGE - $25.00 1/4 OZ AGE - $10.00 1/10 OZ AGE - $5.00 Oh and  to CCF. Can you post pics of the Ultra Cameo? As a side note, melt value is way over $102,000.00 dollars as of this time for Spot. The coins you have mentioned should receive some additional over spot especially the ultra cameo. Edited by Freedom
09/24/2012 12:32 pm
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Bedrock of the Community
13014 Posts |
In terms of whats the difference of those coins you listed the 1 has a different mint mark making it a different coin all together. Different mint marks on different coins can make them more or less desirable depending on the rarity. The ultra cameo makes it a proof like coin and basically makes it the most desirable. Mintage usually does play a factor in how desirable a coin is, but its not the end all be all. Great examples of a coin can fetch higher prices despite more being made, or if a certain series has a lower percentage of 70s than others it would make your 70 more sought after and harder to get. Also supply and demand play a part in it. The more people that want a particular coin the higher the price. For rookie mistakes one of the biggest one is just not knowing what a coin is worth. http://www.numismedia.com/fmv/fmv.shtml is a good site for values as are completed listings on ebay. Dont be scared to shop around for prices and at first when you have a lot of holes to fill getting them as the best deals present themselves will help keep costs down. As you get closer to completion that will get harder to do. I would also suggest if you are going with graded coins to decide from the start what the lowest grade you will be happy with. If you wanted all 70s like you have listed its cheaper to buy that right off the bat then buy a 69 and later decide you want the 70 and have to sell that and rebuy the 70 |
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Pillar of the Community
1283 Posts |
I would cash in at least half of them. Take the family on a nice vacation and then use the rest to buy a box of eagles or a few 100's. If they are all graded like the 1986 I would list them all on ebay as they would most likely bring a premium to spot. Congrats on the haul |
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Pillar of the Community
United States
5822 Posts |
All other members have answer your questions, so... The problem with your trouble is great. LOL... If you're looking to off load it, I would call a few of the larger online Precious Metal buyers and compare their buy prices. You can also add part of it to your IRA account if you don't know what to do with it, talk to your financial adviser. |
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Pillar of the Community
United States
7840 Posts |
 I'd like to have a problem like that
Be a 60 Gold Eagle juggling act
How many can you keep in the air before you loose track
I'd like to have a problem like thatloose interpretation of "I'd like to have a problem like that" Joe Diffie, Third Rock from the Sun, 1994 http://www.cowboylyrics.com/lyrics/...at-3983.htmlEdited by oih82w8
09/24/2012 1:41 pm
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Bedrock of the Community
 United States
12813 Posts |
Wow. That a spiffy little inheritance there. Congrats! and... |
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Pillar of the Community
United States
3486 Posts |
First off, pour yourself a stiff drink!
Next, spread the 60 little beauties on a table.
Next, and THIS is the hard part:
Pick out 10 or so that catch your eye and put them aside.
Then, pick out another 10 that do not appeal to you AT ALL! Put them aside.
Next, put the other 40 away for a week.
Spend some time discovering WHY you made your choice.
Pour another stiff drink.
Watch some TV. Then go to bed.
When I had the "problem" of going through over 100 pre-1933 gold coins I did exactly this, and I am SO
grateful for the opportunity to learn how to look at gold coins.
Keep up informed.
Proceed slowly and with the knowledge that you have many envious people at the CCF who are eager to help.
Matthew
Oh, the WORST common pitfall:
NOT TAKING SERIOUSLY WHAT WE ARE ALL TELLING YOU!
You are most fortunate to have found our little group.
Edited by matthewvincent
09/24/2012 5:00 pm
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Bedrock of the Community
United States
12437 Posts |
Quote:
) 1986 G$50 MS 70
2) 1986 W G$50 MS 70
3) 1986 W G$50 MS 70 Ultra Cameo
Something is not quite right here. None of the W-mintmarked Eagles should have an MS grade since they are proof coins, who assigned the grades of MS70? Uncirculated bullion coins will have what appears to be a satiny finish to them while proofs look quite different with highly polished fields and frosted details. Bullion coins are designed for investment purposes while the proofs are special collector versions that have a premium above the gold value. Edited by biokemist6
09/24/2012 5:06 pm
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Pillar of the Community
United States
3486 Posts |
biokemist6 raises a good point:
If any or all of these coins are in plastic holders, the members would need to know the NAME of the grading company.
Or, if some or all are in original government packaging, we need to know that too.
This does not make my advice any less valid.
It just means that the more details that you give us the better we all can serve you.
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Bedrock of the Community
13014 Posts |
Quote:
If any or all of these coins are in plastic holders, the members would need to know the NAME of the grading company.  For his sake I hope they say PCGS NGC or ANACS |
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Pillar of the Community
1283 Posts |
Take some picture upload them to photobucket and post them here. There is a lot of useful information in this forum, the members for the most part are very knowledgable.
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Pillar of the Community
United States
759 Posts |
Quote:
"rookie mistakes to avoid" : Listening to internet strangers without doing your own, independent research and utlimately, doing what *YOU* want to do. So I'm in a different camp than matthewvincent. Some replies you receive absolutely will be great advice. Others, not so much. |
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Valued Member
United States
379 Posts |
Wow, that is one heck of a problem. If you'd like, I would gladly share some of the burden with you.  |
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Moderator
 United States
15394 Posts |
I am watching this thread to see how it turns out ...
We can of course be more helpful wish some photos.
David
Take a look at my other hobby ... http://www.jk-dk.art |
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Pillar of the Community
United States
526 Posts |
Something tells me it was a troll. :(
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Replies: 40 / Views: 6,292 |
Posted 09/24/2012 12:28 pm
