Question Abut Pricing On Indian $10 Gold

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Author	Replies: 5 / Views: 1,169
LibertyEagle20 Pillar of the Community United States 1189 Posts	Posted 03/14/2016 7:31 pm So I've been posting a lot about gold lately. Although I can't afford to buy it, I like to talk about it I was wondering why Indian $10 gold has such a premium, especially in MS 63 and above. It seems that these coins sell for a minimum of $1000 (typically). You can get a St Gaudens in MS63-64 for around $1400-1500 and that's double the gold. I understand you have to pay a premium for smaller denominations but the $10 Indian just seems high to me. Why do the Indian $10 carry such a premium? Did these just circulate more since they are only $10 instead of $20 (I understand even $10 was a large amount back then though). Maybe there just aren't as many left in higher grades and that drives the price up? Report this Post to the Staff

thq Pillar of the Community United States 3343 Posts	Posted 03/15/2016 08:40 am The $10 Indians have sold at a premium compared to $10 Liberties for as long as I can remember, going back to Whitman bluebooks from the 1960's. At that time the premium seemed onerous, but it has declined percentagewise as the price of gold has increased. Right now it looks like about $40-50. The $10 Indian is an attractive coin. Compared to $20's of either type, the lower gold denominations are not driven completely by bullion price because they are more affordable. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire Report this Post to the Staff
kanga Pillar of the Community United States 5825 Posts	Posted 03/15/2016 08:52 am As with most coins it's a function of how many still exist AND how popular they are (demand). Report this Post to the Staff
moxking Rest in Peace United States 17900 Posts	Posted 03/15/2016 4:30 pm A good deal of it is the simple desire to own a truly beautiful gold coin design. For many, it is equal to the St. Gauden's as far as attractiveness is concerned. Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 03/15/2016 4:50 pm In my mind, the greatest non-classic gold coin design by far, even better than the StG. The simplicity of the obverse is stunning. It has always had a premium, as noted above, and it deserves it. Report this Post to the Staff
EarlyTurban Valued Member United States 383 Posts	Posted 03/15/2016 10:31 pm Popularity is the rule of thumb here. ET Report this Post to the Staff
	Replies: 5 / Views: 1,169

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