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 Replies: 14 / Views: 1,797 |
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Pillar of the Community
United States
675 Posts |
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Pillar of the Community
Canada
5417 Posts |
Wow, no kidding! It's very hard to find classic gold in that low of a grade as most of the worn down slugs have already been through the melting pot. This should draw the attention of some low ball collectors. Quote:
Yes, there is a limited market for low ball coins now but, is it a passing fad or will there be an ongoing market for such junk coins? I would say definitely a passing fad. I personally, see no point in paying extra for low-grade common coins. Edited by zxcccxz
03/06/2015 10:01 pm
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Pillar of the Community
United States
1704 Posts |
I would not pay more than 60% of melt value by actual weight factoring in the buyer's premium and shipping then send them to a smelter to put them out of their misery. The holder they are in is a custom holder and cost nigh of $200.00 to have it made. Some fool is going to buy these and when he decides to sell at some time in the future will have a hard time finding another person willing to overpay for very worn out coins.
Yes, there is a limited market for low ball coins now but, is it a passing fad or will there be an ongoing market for such junk coins?
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Pillar of the Community
United States
1748 Posts |
Wow...worst I have ever seen on a double eagle was a 1856-S VF-20 I owned years ago. Those doubles have it beat by a long shot.
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Moderator
 United States
23522 Posts |
I love it.  |
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Pillar of the Community
 United States
675 Posts |
If I am doing my math correctly, this collection is $88.50 in face value of gold, and a quick online check shows that a $1 gold coin has .04387 troy oz. of gold. The entire collection would then contain 4.28 ounces of gold, and with gold price around $1170/oz would clock in within a few dollars of $5,000 worth of gold.
An opening bid on the collection would be approximately twice melt value when you throw in buyer's premium. I wonder if someone will go for it?
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Bedrock of the Community
Australia
21786 Posts |
I wouldn't bid on them, even if money was not a problem for me.
The condition is just way too dissapointing.
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Pillar of the Community
 United States
5828 Posts |
 I would buy a way better set, even if it cost more $$$. |
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Rest in Peace
United States
1380 Posts |
If they were still in business, the new owner could submit them to SGS and have them all slabbed as MS-69.
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Pillar of the Community
United States
3343 Posts |
Fascinating to see what happened to the incuse Indians. They don't have real high points, just higher low points below the coin's surface. Only the very lowest points survive.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Valued Member
469 Posts |
I understand valuing a lowball coin as one that has had a long, circulated and appreciated life, but those are just ugly. Some lowballs actually age attractively, not these. If I were to buy a gold coin, I'd like a pristine example. Let's wait and see how much they go for...
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Moderator
United States
23522 Posts |
Gold doesn't lowball. When wear affects weight it gets removed from circulation - too much value is at stake. Circulated gold is easy, but Lowball gold? Not so much. Go try to duplicate that on the open market. Dare ya.  |
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Pillar of the Community
United States
1308 Posts |
Wow I've never seen slicks in gold.
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Valued Member
469 Posts |
Didn't think of it like that, Ssuperddave, these must be pretty uncommon then.
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Pillar of the Community
United States
1704 Posts |
Quote:
I understand valuing a lowball coin as one that has had a long, circulated and appreciated life, but those are just ugly. Some lowballs actually age attractively, not these. Quote:
Gold doesn't lowball. This is an excellent example as to why they should not. |
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Replies: 14 / Views: 1,797 |
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Posted 03/06/2015 9:36 pm
