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 Replies: 33 / Views: 4,559 |
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Bedrock of the Community
United States
12057 Posts |
So I'm finally looking to pick up a gold Indian as a type coin and maybe buy a few others in the future. I do not have any of them, and have almost no experience with gold, so I thought I'd ask the experts here and see if I can get some advice. Preferably a Quarter Eagle ($2.50) or Half Eagle ($5.00) -- my budget is $1k and under ($750 and under if possible.) 1. Are there any "underappreciated" dates / mint mark combinations in the series that are likely to appreciate in the future vs. the baseline coins? 2. From a price vs. value standpoint, what is the recommended grade to collect? MS63? MS64? etc. 3. I would prefer the coin to be graded by PCGS or NGC -- is one better than the other when it comes to grading this series accurately? Thanks for any insight. There are so many coins out there to choose from, I don't want to get burned and make a poor buying decision that I will regret later.  Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Valued Member
United States
280 Posts |
I recommend the 1908, being the first year of issue. It is a nice coin. My neighbor has the quarter eagle. He said if he is ever short on the rent money, he plans to pay me with it - no problem. Nice Coin !
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Pillar of the Community
United States
1188 Posts |
You are going to get better advice from an expert but here's my 2 cents..
-Anything under $10 is pretty small and tough to appreciate the details. MAYBE a $5 is ok but 2.50 is tiny!
-Don't go solely on mintage. Utilize PCGS population guide. Many coins were melted so IMO population is a better indication of rarity. Also utilize PCGS auction prices realized for an idea of what to pay. Avoid the super common dates which will become apparent quick on the pop guide (for example I believe the 1926 and 1932 are leaps and bounds more available than other dates in the $10 Indian). You may not be able to afford a super rare date but at least get a less common one.
-Unless it's a rare date don't settle for MS 60-61. A lot of times a 62 or 63 will sell for a similar price as the lower ms grades. The only way I can explain this is availability and patience.
-I prefer PCGS but if you find a deal on a good date/mm and its NGC I wouldn't hesitate to buy it. I'd probably avoid ICG but again if the date/mm is good, coin is uncleaned, I'd still go for it given the right price.
Again I'm no expert.. I just started looking into gold a few months ago and those are some of the takeaways I've found. Please post if you end up finding one..BE PATIENT! Good luck!!
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Pillar of the Community
United States
3210 Posts |
Adam try perusing ebay they do have some nicer gold pieces on occasion same goes for greatcollections |
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Pillar of the Community
United States
1277 Posts |
If you are patient and you factor in ebay bucks, you should be able to get a ms62 $10 indian off ebay for around $800 |
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Bedrock of the Community
 United States
12057 Posts |
I didn't know about ebay bucks and was not signed up. That's a bad thing. I have spent about $50k on ebay in the past 2 years. :( Oh well. Live and learn... Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
2130 Posts |
I have a few AU-58 Indian Quarter Eagles that I purchased already graded for around $300. If you have a $1k budget then I would shoot for a $10 piece as well.
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Pillar of the Community
United States
4469 Posts |
Get signed up for ebay bucks as you are leaving money on the table. This week I got a bonus for 10% in ebay bucks and I bought a nice Half Dime for my type set. I am going to buy my first gold coins for my type set and I may buy CAC sticker coins until I know what I am doing. |
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Bedrock of the Community
Australia
21786 Posts |
You can get some really nice BLP Half Eagles, for not much above bullion price. If you go that way, then the gold price is the most important component of the value.
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Valued Member
United States
368 Posts |
Yes indeed...the 10% bonus ebay bucks brings a $1000 coin down to $900 "out of pocket". You'll receive your $100 once a quarter...up to $500 max. |
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Bedrock of the Community
United States
94367 Posts |
Spent $50K without ebay Bucks?! Ouch. Anyway, I'm in the $10 camp as well - to me, one of the most beautiful of all US coins, and large enough to enjoy easily with the naked eye. |
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Bedrock of the Community
United States
12057 Posts |
Suggestions on a $10 date/mintmark with good value upside?
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
5825 Posts |
I am not sure about which $10 Gold Indian has the potential upside, but afterward you will want the $5 and $2.50 Gold Indian for sure.
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Pillar of the Community
United States
1499 Posts |
Quote:
1. Are there any "underappreciated" dates / mint mark combinations in the series that are likely to appreciate in the future vs. the baseline coins?
I can't help you with this. The only series I have collected by date and mint is the $2.50 Indians, and the catalog prices are a good indicator for the dates and mint combinations. Quote:
2. From a price vs. value standpoint, what is the recommended grade to collect? MS63? MS64? etc.
Buy the best you can afford up through MS-64. The prices really jump at the MS-65 and higher level. Those coins might be good buys, but the coins get very pricey at those grade levels. I would not buy anything below AU-55 or really nice AU-50, unless it is a very scarce date and mint mark combination that you really want. Low grade gold, and for this series that means anything below AU-50, is not in prime collector grade territory. Quote:
3. I would prefer the coin to be graded by PCGS or NGC -- is one better than the other when it comes to grading this series accurately?
PCGS ON AVERAGE grades more conservatively, BUT you can't blindly take that to the bank. Both services can over grade or under grade a specific coin. There are a lot of over graded 1926 and 1932 $10 Indians on the market. Those two are most common dates in the $10 Indian series. If you can find a nice, properly or conservatively graded piece in an NGC holder, you will probably pay a little less for it than its PCGS counterpart. When I was shopping for a Type III gold dollar in very high grade for my type set, I found an 1881 in an NGC MS-67 holder that was nicer than its PCGS counterparts at a Baltimore show. The coin was priced about $300 less because it was an NGC coin, which for me was a plus. I buy coins not holders.   Edited by billjones
05/21/2016 10:06 am
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Bedrock of the Community
United States
94367 Posts |
If you want a TPG uncirculated example within your budget, then it will have to be a common date (there are many). If you are truly interested in scarcity, even in a circulated example, then you should buy one of the excellent books available on this series and decide for yourself. No one with a grand to spend should take the specific advice of anyone else on a forum like this.  Edited by Coinfrog
05/21/2016 5:01 pm
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Bedrock of the Community
United States
12057 Posts |
I agree, Coinfrog; I'm not planning on buying one right away, just wanted a starting point to work from. Books are great resources, but actual experience from real collectors is just as valuable. When I want to buy something "big" I will usually consult CCF and then do my research afterwards & end up with a pretty good idea, and then browse coin shows if they come around to "get a feel" in hand.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Replies: 33 / Views: 4,559 |
Posted 05/19/2016 5:29 pm
