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 Replies: 10 / Views: 1,098 |
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Valued Member
United States
50 Posts |
Just a question for all of you. I've been told two very different answers by two top dealers in my State. The question surrounds the $10 Indian Gold piece. Is this value based on more on numismatic or precious metal? One advised me " purely numismatic". If that is the case, is it then more than coincidence raw circulated coins are priced slightly higher than current gold markets? I have a hard time believing that a coin of .48 oz and 90% gold isn't a more a precious metal valued coin than just a numismatic valued coin. I think the argument for Numismatic appeal could be made more for $2.50 or even $5.00 Liberty and Indian pieces. Can I get some opinions before I throw down $900 on a coin that I want to have more numismatic/historical value. If I just wanted a half ounce of gold I would buy bullion.
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Pillar of the Community
United States
4897 Posts |
 To CCF. Slightly confused by this: Quote:
I have a hard time believing that a coin of .48 oz and 90% gold isn't a more a precious metal valued coin than just a numismatic valued coin Numismatic value is what makes it worth more than its bullion value. |
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Valued Member
 United States
50 Posts |
Thanks for the welcome. I understand that Numismatic value enhances a gold coin's value. Perhaps the question is better phrased like this. Does the $10 Indian's overall value contribute more toward it's numismatic value, or it's gold weight value.
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Pillar of the Community
United States
3453 Posts |
I think I understand your question. Since it is a $10 Indian, then yes, it will more than likely be worth more than the gold content.
HUGE CAVEAT: Make sure it is authentic. Make sure it is authentic. Make sure it is authentic.
The numismatic premium on these makes them susceptible to being copied.
Since I am not a specialist in this series (but would love the chance to get one), I would only purchase one slabbed by PCGS, NGC or ANACS. There are those out there with the knowledge and skills to purchase them raw, I am not one of them.
Good luck and good buying!
Edited by CoinsKelly
01/12/2013 12:15 pm
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Bedrock of the Community
United States
36826 Posts |
The Liberty vs Indian $10 is the same case as with the $20 Liberty and Saint, the Saint is more popular and commands a higher price. Common dates are bullion coins with a slight premium for the type.
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Bedrock of the Community
13014 Posts |
It depends on the grade, the value is largely based on the gold up until a certain grade for every year and then you can start seeing huge numistmatic premiums at the high end
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Valued Member
United States
50 Posts |
Let's take a F-12 or low end VF-20 grade. Are we now gold based valued primarily on well circulated pieces?
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Bedrock of the Community
13014 Posts |
Depending on the year basically yes
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Pillar of the Community
United States
3843 Posts |
Most common date circulated pieces are basically bullion value plus a small premium until you start getting up into uncirculated and mint state grades. I have seen AU $10 Indians selling for $50 to $100 over the melt value. By the way to CCF! Edited by Joe2007
01/12/2013 3:52 pm
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Valued Member
United States
50 Posts |
Thanks for the welcome and thanks for the answer. That was basically the question. That some people told me it's a $900 common coin not due to "gold" value but rather it's just a $900 coin. My assumption was in lower circulated grades it's essentially a melt value coin with a small premium, but if gold sinks so does the coin.
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Bedrock of the Community
13014 Posts |
Some people can try and argue that its a numismatic value but the only reason its price sky rocketed was gold, if gold crashes they will too. There may be more of a numismatic premium the lower gold gets but if gold is back at 300 that thousand dollar coins wont be worth anywhere close to a thousand
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Replies: 10 / Views: 1,098 |
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Posted 01/12/2013 11:52 am
