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 Replies: 34 / Views: 4,894 |
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New Member
United States
23 Posts |
Hi, all. New to the site. I'm greatly enjoying the wonderful thoughts of everyone here; you are a kind group. I'm relatively new to collecting coins. I've been trying to do as much research and learning as possible before making too many mistakes. I've decided to start collecting $2.50 liberty/coronet gold. I'm fascinated with the low mintages, as well as an even lower survival estimate on some of the years. I like that these coins seem to be relatively unloved at the moment. Prices are quite reasonable. Any other collectors out there? I'm sure I am wrong, but I am wondering why the coins seem to be unpopular--at least in a consideration of price vs. rarity. Here are two of my recent purchases: 1872 S. Comments by Heritage: "This issue's tiny mintage of 18,000 pieces barely exposes the tip of the iceberg concerning its rarity in Mint State. Apparently these coins saw heavy circulation and we suspect that fewer than 175 examples are extant in all grades."   1857 S. I love the ugly roughness of the coin. I appreciate that it must have a long history. I suppose this is a "lowball" coin. I have the lowest graded example, with NGC or PCGS. PCGS estimates a survival estimate of only 175.   Edited by Keatsian
05/05/2013 11:17 pm
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Bedrock of the Community
United States
10982 Posts |
Liberty quarter eagles are great coins. I bet the typically high premiums over melt value has something to do with the volume of collectors.
Try to find examples that haven't been cleaned. I've purchased dozens of quarter-eagles and have been amazed at what gets into problem-free holders. If you have a reputable source for buying, there are many raw pieces out there that are worth a look.
Good luck and thanks for the photos!
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New Member
 United States
23 Posts |
Thanks, BH! I appreciate your tips. Do these two coins look as though they might have been cleaned?
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Pillar of the Community
United States
2311 Posts |
No, they weren't cleaned.
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New Member
United States
23 Posts |
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Pillar of the Community
United States
3843 Posts |
I too think that Liberty Quarter Eagles are relatively under-appreciated by today's collectors. With extremely low mintages and prices are not all that high I would have though there would be more demand for them. I think the reason for this is that there are not many people that collect them by date and thus demand is very low. Since U.S. coins have increased greatly in value over the years I think that many collectors of modest financial means aren't collecting classic coins by series any more, rather they are just pursuing a type set with a few examples from each series thus decreasing demand.
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New Member
United States
23 Posts |
Joe, thanks for the great theory; very interesting!
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Bedrock of the Community
United States
10982 Posts |
Quote:
Thanks, BH! I appreciate your tips. Do these two coins look as though they might have been cleaned? I wasn't speaking directly about your coins. They do not appear harshly cleaned in any event. What I have noted of this series in general is a large number of harshly cleaned coins that have been certified as problem-free. It seems the early dates running from 1840 through the Civil War era often "get a pass" when grading. As always, buy the coin, not the holder. This is an excellent series. |
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New Member
United States
23 Posts |
BH, I'll make sure to keep your words in mind during my search. I appreciate your thoughts.
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Pillar of the Community
United States
3343 Posts |
I don't think quarter eagles are very attractive and I don't like dime-sized coins much, but the scarcity of these coins appeals to me too. I have 4 or 5 of them in well worn condition that I picked up for close to spot gold price. Even though the low mintage dates are the same price as commons, the low mintages are not offered for sale very often. The best dates I've gotten are 1844 and 1860-s, both in lower grades.   "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
05/07/2013 10:47 pm
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New Member
United States
23 Posts |
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Bedrock of the Community
United States
36724 Posts |
Collecting any gold coins by date can get very expensive. I admire you for attempting to put a set of these together.
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New Member
United States
23 Posts |
Thanks, Indian. I hope to have them completed in twenty or thirty years. Ha!
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New Member
United States
23 Posts |
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Valued Member
Canada
115 Posts |
Beautiful coins, my best coin so far is a 1942D standing liberty in maybe f 12
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New Member
United States
23 Posts |
Minidude, thanks! Congrats on the standing liberty--nice coin!
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Replies: 34 / Views: 4,894 |
Posted 05/06/2013 10:58 am
