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 Replies: 19 / Views: 2,583 |
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Valued Member
United States
311 Posts |
So I've been looking at a 1909 2.5 dollar gold Indian head for months now. It's graded au50 by anacs. I can get it for 220$ which seems like a really good price to me. But I have no knowledge of gold coins. It's at a local coin shop, who I've dealt with a few times before. My question is should I save up a lil more and buy a 5$ Indian head or is that a pretty good deal and I should jump on it. From my research on ebay it seems like a great price, just wanted your guys opinion on it. As always thanks for your responses and have a great day. |
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Pillar of the Community
United States
1450 Posts |
I think that is a good price. Spot price of gold is approaching $1200 an ounce again. The Indian Head contains about .12 oz of pure gold, so you are paying a certain premium on gold price. This is one of the few gold coins you can complete a set for without sacrificing the first born. Liberty Head half Eagle that seems outrageously under priced for many scarce dates. For instance 1864 date has mintage of just 4170 and sells for $1250 in VF condition. 1865 has mintage 1270 and sells for $2500 in VF. 1916 LSQ has mintage of 52,000 and sells for about $7000. How to explain? I suppose this the liberty Head is just not collected that much? To complete a set of Liberty Heads would be a expensive task because there are so many of them and you will always pay huge amount for some of them. Sort of like collecting full set of Saint-Gaudens $20.....a dream.
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Bedrock of the Community
United States
94367 Posts |
Agree that sounds like a very fair price.
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Pillar of the Community
United States
589 Posts |
Quote:
1909 2.5 dollar gold Indian head for months now. It's graded au50 by anacs. I can get it for 220$ which seems like a really good price to me. But I have no knowledge of gold coins. It's at a local coin shop, who I've dealt with a few times before Here is my answer: Buy it! If you decide you don't want it than sell it to me at that price and I will pay shipping. As long as gold is trading for over a thousand it is a good buy. Be clear that it is a problem-free coin. |
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Pillar of the Community
United States
711 Posts |
You get more gold for your purchase price if you buy a $5 or higher piece.
Premiums are significant on the $2.50 gold pieces generally.
Personally, I'd wait for the $5 piece, but I am biased as that is one of the major parts of my collection.
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Valued Member
United States
283 Posts |
That's a good price. Personally I'd go for something that's uncirculated, but they are still pretty coins at any grade.
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Pillar of the Community
United States
1450 Posts |
Buckeye
Do you mean Indian Head Half Eagle? That set has a couple of very expensive coins in it. The 1929 is just about unobtainable and 1909-d will cost you probably $3500 in VF if not more. No doubt it is a nicer coin because it is bigger and you can see details better. The Liberty Head $5 gold is a sort of ugly coin IMO, but there are many of them.
Indian Head Eagle is a beautiful coin but it has ringers as well being coins that are unobtainable for all, but the very rich. I wish gold would get cheaper and revert to mean average price so I might buy some select coins. Inflation adjusted price of gold should be about $800 an ounce, but that does not mean much since it reacts to all sorts of economic/political externalities. Stock market is going south and gold is starting to move higher. Unfortunately price of gold coins tied is closely to price of gold metal. A couple of years ago one OZ. of gold was almost $2000. The most common one oz. gold coin would be worth at least 2 grand then.
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Valued Member
United States
152 Posts |
I would buy it up today. I mainly collect/buy/sell these, and that is a great price. I would give you more for it if you change your mind later.
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Pillar of the Community
United States
4337 Posts |
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It's graded au50 by anacs. first, buy the coin, not the holder Is it a yellow or blue ANACS or an OWH? If the latter, probably a solidly graded coin but if not, this is a grading company that has had some very questionable years of service and AU50 just might be EF and potentially not even problem free. If you are able to take some pics head on both sides and post for opinion you should do that. Also, don't put too much emphasis on spot and numismatic value of gold. sure, in cases of extreme price points of spot it makes a difference but in the past 24 months as gold has dipped up and down and left and right, certain series, especially Indian Heads and Liberty Heads from the 19th are hanging steady in the prices. Hence an earlier comment about "undervalued" Lib Heads. Not undervalued per say but more proving that Numismatic value and spot do not often go hand-in-hand except in severe spikes. |
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Valued Member
United States
152 Posts |
As I posted in another topic, I believe ANACS has UNDER graded these lately. I crossed a few from NGC to anacs, and they ALL graded lower at anacs. (Reason for crossing was to get a error listed on holder).
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Pillar of the Community
United States
1450 Posts |
Look at values of Liberty Head Half Eagles and other gold coins and you see disparity that I don't understand. As I said a Liberty Head Half Eagle with mintage of 1270 sells for only $2500. What other coin with such low mintage sells for such a low price. Just a little over a thousand specimens and you can buy one for $2500. There are some Saint-Gaudens $20 that have mintage less than 50,000 which sell for not too much more than coins with ten times the mintage. Very many odd things about coins and values.
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Bedrock of the Community
United States
10982 Posts |
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Pillar of the Community
United States
4337 Posts |
Quote:
Very many odd things about coins and values Its not solely about mintage, its about known/estimated survival rates and their assigned rarity rating for both scarcity in the type and the specific series/issue. |
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Valued Member
 United States
311 Posts |
It's in the yellow anacs, and no it is a problem free coin. I plan on making a trip to the coin shop Wednesday and picking it up. I'll post pics when I have it in hand.
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Valued Member
United States
311 Posts |
And thanks for all the info guys that's allot to process. I don't plan on completing a set of them, although if I can afford it one day why not. And I think I'm still gonna save up and get a 5$ one too but it'll be awhile before I but it. I really got my eye on the gold walking liberty, standing liberty, and mercy dime gold coins if they get made.
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Pillar of the Community
United States
711 Posts |
No doubt the $5 gold series is a beast to try and collect. When I hear about buying a first gold coin though, I don't think of anyone trying to complete some sort of set. Maybe a type set I guess. Maybe it is the crowd I hang out with, but most gold collectors like myself seem to enjoy type collecting. Once I completed my gold type set (just the 2.50 - 5.00 - 10.00 - 20.00 pieces indian and liberty), then I went into gold stacking. I love the $5 and $10 coins as a low premium over melt value. Same thing with the $20 pieces other than breaking my coin budget. . . . I haven't ventured into the gold dollars yet as the premiums there are worse than on the $2.50 pieces. Don't get me wrong, I wish I could buy rare gold coins and someday hope to add the C and D mintmarks to my collection, but it isn't happening anytime soon. In the meantime, I just look at Doug Winter's gold coins and dream. If you really want to see some great great gold coins, check out Doug's collection. Amazing pictures along with the TPG grade for comparison. https://www.flickr.com/photos/raregoldcoins/Just look at this PR64DCAM. So perfect it almost looks photoshopped. Pounds of gold coins pictured like this at the above link. Completely drool worthy.  Edited by BuckeyeCoinGuy
02/09/2016 12:02 pm
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Replies: 19 / Views: 2,583 |
Posted 02/08/2016 5:05 pm
