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 Replies: 32 / Views: 4,205 |
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Pillar of the Community
United States
1450 Posts |
It seems to me that when you do buy gold coins you are at the mercy of the crazy gold markets which have had two bull markets in the last 30 years with spikes in 1980 and 2011. If you sell your gold in a falling gold market you can really lose your investment. I love gold coins but just a warning about impact of gold market on these coins. Inflation adjusted price of gold over 40 years should be around $800 an ounce. Long fall from $1200, but if you love them then get them. All the gold coins look good to me but I guess I have to revise my opinion based on information above to get the Quarter Eagle if it does not react to moves in gold price as much as larger gold coins. No telling where the price of gold will go a year from now.
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Valued Member
United States
470 Posts |
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Pillar of the Community
United States
1195 Posts |
Just curious, why is that 1852 a no brainer? PCGS past auctions shows it selling for quite a bit less in better condition in just the past year.. 7763 Jul-2015 $329 AU58 NGC Heritage Internet U.S Coin Auction #131530 27934 7763 Jul-2015 $306 AU58 NGC Heritage Internet U.S Coin Auction #131530 27417 7763 Jul-2015 $300 AU53 PCGS eBay eBay Sales in July 2015 3020 7763 May-2015 $400 AU58 NGC David Lawrence RC Internet Auction # 856 6306 7763 May-2015 $281 AU50 PCGS eBay eBay Sales in May 2015 1917 7763 Dec-2014 $283 AU58 PCGS eBay eBay Sales in December, 2014 6339 7763 Nov-2014 $325 AU58 NGC David Lawrence RC Internet Auction # 829 290 7763 Nov-2014 $294 AU58 NGC Heritage 2014 November 6 - 10 US coins Signature Auction - Beverly Hills #1211 8741 |
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Pillar of the Community
United States
711 Posts |
To me it depends on how you want to own / collect gold. If you just want gold and you want an old US coin in a slab for peace of mind, get the bigger $5 piece. You will get more gold for your money. I pulled a MS62 $5 Liberty Head for I think $375 - $400 awhile back when gold was in the $1200ish range before. It is double the gold in the $2.50 piece but barely more expensive. Bigger coin too obviously so it is easier to see all the details. If you want to stay under $300, go for the $2.50 piece. More of a numismatic premium for sure, not as sensitive to the price of gold. If you want to collect a set someday, definitely go for the $2.50 piece. Save up a little more cash and go for the $5 piece, you won't regret it. While saving up the cash, which is only about 30 or so morning coffees, dream on these gold coins from Doug Winter. https://www.flickr.com/photos/raregoldcoins/ |
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Pillar of the Community
United States
591 Posts |
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It's ex-jewelry shabby, but it's a pocket coin flipper. And it was made in San Francisco in 1867. It didn't spend its life in a collector's cabinet, but in people's pockets and stores being used as money. As it was intended. Later on, after being worn down to 90% of its mint weight, it was put in a bezel and used as jewelry. It's a real coin with a real history. Not some curio in a plastic box.
If I wanted to get this coin a pedigree, I believe it would make G4 details. NGC has graded 163 of these, none below F12, so it's a conditional rarity. Gold coins this worn were withdrawn from circulation and melted. It's a rare testament to the miners and merchants and bars that handled it for maybe 50 years in circulation. Probably the most eloquent description I've had the pleasure to read on this forum. Nicely said thq! |
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Pillar of the Community
United States
589 Posts |
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Johntookit, Where do you purchase your Quarter Eagles? Where and when: I have tried coin shops but never found one with price or selections for common date coins. With HA.com Sunday and Tuesday Auctions, because of limited number of coins most are over bid. I have been having some good luck with Great Collection Auctions. Ones needs to be patient for several week before a good selection will be available. Just about every other month HA.com has a Signature Auction that runs for number of days(3-5). The last day is where I find coins that are in my price range. The selection is good and usually price will be better than anything I will find on ebay. |
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Pillar of the Community
 United States
8137 Posts |
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Pillar of the Community
Canada
4944 Posts |
Edited by Canadian-Banknotes
02/23/2016 6:49 pm
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Pillar of the Community
United States
8137 Posts |
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Pillar of the Community
United States
1450 Posts |
To collect a set of gold coins is probably just about impossible for any US coin besides quarter eagle. In most of the other sets there are a few or more dates that are just so rare or expensive 99.9% of collectors just can't afford it. Even the Half Eagle, Eagle or Double Eagle of late 19th century or 20th century are just too expensive to actually fill a set. However, there are certain coins a person could collect within a set of coins that would be worthwhile to get. I think of 1908-S, 1909-d, 1913-s, 1914 Saint-Gaudens
and many of the Liberty Head gold coins are really, but not that much more expensive than much more common gold coins. I see an 1877 Half ,mintage,( 1132) selling for less than a thousand dollars in VF condition if you can find one like that.
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Pillar of the Community
Canada
4944 Posts |
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I have narrowed my search to either a proof 1/10 oz gold eagle or one of these quarter eagles... No interest in any of the PCGS graded examples above? They are all fairly priced. |
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Pillar of the Community
United States
589 Posts |
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I have about $300 that I can spend You should be able to buy:  plus  with left over  or you can buy this:  and have change leftover for this. |
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Valued Member
United States
265 Posts |
I'm also in the market for a half indian, possibly a combination buy with a quarter indian.
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Valued Member
United States
265 Posts |
I've been all over the Internet, most are crazy overpriced. You have your budget , sit on it till something that suits you comes along. Will require patience.
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Pillar of the Community
United States
8137 Posts |
I will ask for other opinions later tonight at my coin club meeting. I will probably make a decision tonight.
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Replies: 32 / Views: 4,205 |
First Page
Posted 02/22/2016 5:35 pm
