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Premium Hand Selected $5 1912-1914 Gold Pieces Question

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Pillar of the Community
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Canada
9865 Posts
 Posted 11/01/2013  10:39 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
We can be thankful that these coins exist today because people a hundred years ago preferred paper money redeemable in gold,to the gold coins themselves. Legislation was passed then withdrawn to force miners to accept these coins as payment for gold,the miners absolutely refused and demanded payment in paper. Consumers in general at the time did not want gold coins,history had shown them to devalue over time due to wear,they wanted paper money,always worth the five or ten dollars printed thereon.Little did they know.
"Dipping" is not considered cleaning...
-from PCGS website
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coinhooked's Avatar
United States
421 Posts
 Posted 11/02/2013  3:23 pm  Show Profile   Bookmark this reply Add coinhooked to your friends list Get a Link to this Reply
$5 1914 available at the auction site Great Collections. Auction ends Sunday, 11/3/13 in the evening.
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torgemco's Avatar
Canada
1046 Posts
 Posted 11/05/2013  6:14 pm  Show Profile   Bookmark this reply Add torgemco to your friends list Get a Link to this Reply
bit of tracking on the 1914 $5.00 not the premium hand selected
off ebay this past week $750.00 and the second one $949.00
may I ask if theres a reasonable mid market level
or is that a normal spread
thanks in advance
dermot
Pillar of the Community
Canada
1505 Posts
 Posted 11/05/2013  6:31 pm  Show Profile   Bookmark this reply Add purelywasted to your friends list Get a Link to this Reply
I think the $750 was a "buy it now", which seemed really low to me and even thought about buying it, but the coin was a bit beat up for my liking. I recently sold one for $900 (~MS63).
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torgemco's Avatar
Canada
1046 Posts
 Posted 11/05/2013  6:48 pm  Show Profile   Bookmark this reply Add torgemco to your friends list Get a Link to this Reply
thanks very much for the info p/w
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