$5 Gold Indian Head..."ble" ?

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Author	Replies: 6 / Views: 2,309
ccarroll New Member United States 41 Posts	Posted 10/27/2015 5:42 pm I'm hoping to sell a 1911 Indian head $5 gold piece, previously mentioned, and hoping to sell it for better than the $300 that dealers have offered me...if only I can connect with the right person. (I'm ignorant about condition, but if I had to guess...VF.) Then last night I suddenly noticed that it has a tiny, tiny notation of "BLE" or possibly "BLF." So just wanted to ask quickly, since I may be showing it to someone in the next day or so - what is it, and does it materially affect the value? Thanks for any information! Report this Post to the Staff

biokemist6 Bedrock of the Community United States 12437 Posts	Posted 10/27/2015 5:56 pm BLP= Bela Lyon Pratt, the coin designer's initials Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 10/27/2015 6:36 pm Just sell it and move on. Report this Post to the Staff
BuckeyeCoinGuy Pillar of the Community United States 711 Posts	Posted 10/27/2015 7:33 pm $300 is a fair price for a $5 gold. You could get more selling to a collector directly, but you may have expenses (gasoline, ebay, etc) and it will take up more of your time. Report this Post to the Staff
Jaobler Pillar of the Community United States 6384 Posts	Posted 10/28/2015 08:43 am I've bought a couple on ebay recently and usually they run about $350 for the buyer; the seller of course loses 10+% to ebay and PayPal fees. Does your 1911 coin have a D mintmark on the back by the tip of the eagle's tail? The 1911-D is a much better date and should be worth a lot more than $350. Sometimes the D is faint and hard to see. Can you post a picture of the reverse (both sides would be better, of course)? Report this Post to the Staff
ccarroll New Member United States 41 Posts	Posted 10/28/2015 8:55 pm BuckeyeCoinGuy, in my case any expenses are minimal, and it's really only a matter of my time. Sorry, Jaobler, but I'm not able to post a picture. I'm not able to take a picture, and the one time I managed to make a scan, I think I couldn't wrestle with the site's system to post it, if I recall correctly. I'm totally non-tech. I'll look again, but I'm pretty sure this didn't have a mint mark. I'm just finding this whole process puzzling. There are quite a lot of collectors in existence, and I don't know why they wouldn't prefer to buy directly - it's the same process that's underlying so much else today, like Craigslist. Even when I've tried tracking down con clubs, they're most curtly dismissive. Report this Post to the Staff
terry8835 Pillar of the Community United States 1450 Posts	Posted 10/29/2015 5:56 pm You know spot price of gold dropped $30 an ounce today. I don't understand why, but at this rate gold may be selling for a good deal less since their is absolutely no inflation and demand appears low. This is good for us coin collectors since part of the price of gold coins if definitely the price of gold. Dealers are never going to give you that close to retail value since they want to make money when they flip them. If the coin is worth $425 then offering you $300 is pretty low. Shop it around and you might get a better price. Go to local coin shop and see what a few of them say. Unless you need the money this is not a great time to be selling gold or silver. Good time to be buying it maybe. The prices of precious metals are so volatile and nobody knows what "high or low" really means since all prices are relative. What is acceptable commission a dealer should get on a coin he buys for $300 which is worth say $425? These guys and pawn brokers are in it for maximum profit. Report this Post to the Staff
	Replies: 6 / Views: 2,309

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