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 Replies: 21 / Views: 2,517 |
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Valued Member
United States
234 Posts |
I'm semi seriously thinking about buying a double eagle the guy at the shop is looking for 1400. It's a NGC 1897 S AU 55 with a cert number of 2652999005. From looking at auction data it looks like it's a Au 55 selling at a Au 53 Price. And the luster is amazing I typically don't buy coins that cost this much becuase I know unloading would be risky on ebay if I needed the money later down the road What do you think? |
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Pillar of the Community
United States
7375 Posts |
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Bedrock of the Community
United States
94367 Posts |
First, if you needed the dough, you wouldn't want to sell it on E-bay - just go back to the dealer if you trust him, and it sounds like you do. Second, it's basically a common date, and if you don't buy this kind of thing often, why not look for a nice Unc for not much more money?
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Pillar of the Community
United States
9792 Posts |
 go for a nice uncirculated MS63 or MS64 if you can, since gold prices are way down now, another month of savings towards a better grade common date will pay off in the long run IMO. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Bedrock of the Community
United States
94367 Posts |
As a sage once said, "The quality is remembered long after the price is forgotten."
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Pillar of the Community
United States
602 Posts |
Quote:
"The quality is remembered long after the price is forgotten." ...unless you are like me and keep track of how much you pay for each coin in an accounting book  |
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Bedrock of the Community
United States
94367 Posts |
To be honest, if I really love something, I don't care if I paid up for it. You always recoup it and more in not that much time. But wait, what's all this about an accounting book?  Edited by Coinfrog
07/25/2015 5:19 pm
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Rest in Peace
United States
17900 Posts |
Common date gold of any denomination is relatively easy to obtain at any time with price fluctuations commonly seen as gold itself changes.
Take a look at the NGC Census and you will see that they've encapsulated over 12,300 of this date and mint mark.
Also consider that LESS THAN 100 of those are in AU 55 or less grade.
In other words, for that coin, an AU 55 is pretty bottom of the barrel for that particular issue.
Having a coin in hand will often push me to make a buying decision, so I know where you are coming from.
But when putting that much money into a coin it does help to be less emotional and more research oriented.
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Bedrock of the Community
Australia
21786 Posts |
There are LOTS of these things around.
Whatever you do, have a good look around before making a deciaion to buy.
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Valued Member
 United States
234 Posts |
I did some more looking and figured out I could get a MS 62 for $50 more.
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Rest in Peace
United States
17900 Posts |
Good Work, Brian.
The price differences for common date gold of almost any denomination changes very little from AU 55 to AU 58 to MS 61.
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Pillar of the Community
United States
3343 Posts |
Raw common $20 libs like this one were selling for $1200 a few months ago, and gold has dropped considerably since then. I don't think it's worth a $200+ premium for the slab.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Bedrock of the Community
United States
94367 Posts |
Slabs on this sort of thing have always been more-or-less worthless. |
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Valued Member
United States
234 Posts |
Yeah now I'm shopping around for a AU 3 dollar gold peice that's got some strong numismatic value.
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Pillar of the Community
United States
1450 Posts |
Have you looked at some of the low mintage Saint-Gaudens like 1913-S, 1914, or 1909-D or even 1908-S. These coins have mintage much less than 100,000 and yet sell for not that much more than St. Gaudens with over 2.7 million mintage. Most Saint-Gaudends have mintage of less than a million right up to 1920. Now you will probably never fill a full set of this coin but you can get some good and rare ones especially with gold prices crashing.
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Pillar of the Community
United States
3343 Posts |
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Replies: 21 / Views: 2,517 |
Posted 07/25/2015 3:20 pm
