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 Replies: 9 / Views: 2,043 |
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Valued Member
Germany
321 Posts |
I don't understand,why does it cost not much with such a little mintage and many other gold dollars too 1880,1882...?
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Pillar of the Community
United States
3343 Posts |
I think it's because no one collects them. People want one, not a whole set. They're small, hard to find, and sell at substantial premiums over their melt value.
The same problem is seen with other US gold denominations. Unless a coin is truly rare, or has a desirable mintmark (Carson City, Dahlonega or Charlotte), low mintage gold coins are priced like common coins.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
10/05/2014 08:37 am
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Pillar of the Community
United States
4409 Posts |
Another thing is most collectors, but not all, tend to collect the larger size coins because the design is easier to see/appreciate
I almost forgot that the dollars from 1879 to 1889 were heavily hoarded at the time.
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Valued Member
 Germany
321 Posts |
Quote:
I think it's because no one collects them. People want one, not a whole set. They're small, hard to find, and sell at substantial premiums over their melt value. It's like me,but it doesn't work with some other years,like 1863 for example. Quote:
Another thing is most collectors, but not all, tend to collect the larger size coins because the design is easier to see/appreciate It's really expensive with old gold coins,not bullions=)))! Quote:
I almost forgot that the dollars from 1879 to 1889 were heavily hoarded at the time. Only one dollar coins,why? |
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Moderator
 United States
23522 Posts |
I'm not quite sure what's "inexpensive" about an 1887 $1 Gold. An MS64 example is almost a $1000 coin; you're hard-pressed to find a Morgan from *any* year that's worth $1000 in MS64. That, for a coin whose bullion value doesn't reach $60.
Imagine being a collector of $1's, and trying to purchase a near-thirty year run of low-mintage coins in that value range. That's what post-1860 $1 Gold is like, and that's why there's so little demand.
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Pillar of the Community
United States
4409 Posts |
When I said larger coins, I meant that there are generally more collectors of half dollars versus Half Dimes. $1 gold coins, $3 gold coins and proof Trade dollars were hoarded by collectors, dealers, speculators due to the low mintages. If you're collecting these I suggest buying a copy of A Guide Book of Gold Dollars by Bowers. Here's the 2nd edition for sale on Amazon http://www.amazon.com/Guide-Book-Do...gold+dollars |
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Pillar of the Community
United States
3343 Posts |
I like owning extraordinarily rare coins even in shabby condition. They can be bought relatively cheaply. When I sold a guy my 1846-C half eagle cracked out of an AG3 holder I told him "When will you find another?". I felt bad about losing it because I've never found another one. So I continue to hang on to my 1846 Half Dime and 1844 quarter eagle.... "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Valued Member
Germany
321 Posts |
Quote:
I'm not quite sure what's "inexpensive" about an 1887 $1 Gold. An MS64 example is almost a $1000 coin; you're hard-pressed to find a Morgan from *any* year that's worth $1000 in MS64. That, for a coin whose bullion value doesn't reach $60. Yes,1000$ for MS64 is expensive,but I can't compare it with Morgan's dollars coins,they have much more mintage. Quote:When I said larger coins, I meant that there are generally more collectors of half dollars versus Half Dimes. Gold and silver isn't the same=)For gold coins collection,if it's not a collection of millionaire;),8-10 grams coins are already large coins,10$ or 20$ coins are XXL=)I'm looking for small coins as dos pesos or one US dollar,or other small coins every coins convention around us,but I find those coins very very seldom((( And a one dollar coin isn't realy small,it's a giant compare with some others realy small coins;))))!  |
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Valued Member
Germany
321 Posts |
Quote:
If you're collecting these I suggest buying a copy of A Guide Book of Gold Dollars by Bowers.
Thank you,I think I'll buy it!  |
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Valued Member
United States
179 Posts |
Gold dollars transitioned from "working" coins to "gift" coins during their era. The 1880 mintage of 1600 was largely hoarded by two individuals.... most remain. On the other hand, the 1863 mostly disappeared. Possibly most of the mintage was sent directly overseas (and melted) to pay for munitions. Size is irrelevant in this era of high quality digital images and TPG slabs. |
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Replies: 9 / Views: 2,043 |
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Posted 10/05/2014 07:51 am
