First Gold Coin Purchase $5 1883-S, 1893, 1912

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Author	Replies: 8 / Views: 1,183
mgillette Valued Member United States 374 Posts	Posted 03/28/2015 1:14 pm Grades / Opinions? Thank you! Report this Post to the Staff

zxcccxz Pillar of the Community Canada 5417 Posts	Posted 03/28/2015 1:43 pm 1883-S: AU-Details (possible even MS before harshly cleaned, friction caused by harsh cleaning wears down detail, especially on a metal as soft as gold.) 1893: XF Details, harshly cleaned 1912: AU-50 (possibly cleaned) Edited by zxcccxz 03/28/2015 2:30 pm Report this Post to the Staff
MeadowviewCollector Pillar of the Community United States 4409 Posts	Posted 03/28/2015 1:49 pm 1883-S XF-details cleaned 1893 VF-details cleaned 1912 XF-45 to AU-50 Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 03/28/2015 2:05 pm No way the first two are not Details coins. The 1883 is AU, the 1893 might make XF and the 1912 has barely circulated. Report this Post to the Staff
jimbucks Pillar of the Community United States 4692 Posts	Posted 03/28/2015 2:40 pm 1883-S: AU-Details cleaned, 1893: VF Details, harshly cleaned 1912: XF Details cleaned Many pre-1933 gold coins are counterfeit, I am not an expert to determine the authenticity of these, but in the future you should be alert that buying raw pre-1933 gold coins exposes you to that risk. Hopefully you did not pay much, if any, premium over melt on these three. Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 03/28/2015 7:04 pm Too bad about the condition of these pieces. They are worth melt value now. Be sure to weigh them, they should be around 8.2 grams. ANA #R3154474 Report this Post to the Staff
Joe2007 Pillar of the Community United States 3843 Posts	Posted 03/28/2015 10:24 pm The grades don't really matter much at this point. Melt of the gold is their main value. Report this Post to the Staff
BuckeyeCoinGuy Pillar of the Community United States 711 Posts	Posted 03/28/2015 10:48 pm Good news you bought three classic US gold pieces and better news they all look to be real. Really circulated, but real gold. That Indian is the nicest of them. That 1893 is obviously the worst of the three. My local LCS would sell these in the $900 - $950 range for the lot of three with a gold basis of say $1200. Maybe even less as he has nicer looking Liberty Heads typically. Not that this is necessarily an investment, but from an investment perspective this is a play on the gold value, not the numismatic premium above metal value. I think you will be very happy with your purchase in the future. To me to think that you can grab a classic US gold coin like this for melt value is insane really. It shows how little demand there is for gold coins and like someone else on this site said this past week, it is more valuable than rare. Report this Post to the Staff
IndianGoldEagle Bedrock of the Community United States 36828 Posts	Posted 03/29/2015 11:04 am 1883-S: EF-45 details, harshly cleaned 1893: VF-30 details, harshly cleaned 1912: AU-50 details, cleaned Report this Post to the Staff
	Replies: 8 / Views: 1,183

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