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 Replies: 16 / Views: 1,992 |
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Valued Member
United States
384 Posts |
I'm putting together a gold type set and was looking for a $5 quarter eagle in VF to XF. What would be a fair price for one in that condition (slabbed)?
Thanks for your help!
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Moderator
 United States
14463 Posts |
I think those have a wide range of prices per date and mint mark. One site I checked, they go from about $595 to $2250
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Valued Member
 United States
384 Posts |
Yeah, I guess it's not the best phrased question.
For the most common Indian head $5, what would be a fair price in Xf slabbed?
Thanks for your help fuzzy
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Moderator
United States
14463 Posts |
in XF:
see from $400-695, with one from Charolotte mint $2795
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Pillar of the Community
United States
1601 Posts |
A recent Grey Sheet quote for a $5 Indian type coin is $365 in XF. I don't have a BlueSheet, but add $150 to cover a slab and the dealer's premium and you shouldn't have to pay much more than $500. I'm actually looking for one with a 1909 on it and am not intending to pay more than that. I'm not looking for a slab, though. http://www.ebay.com/itm/1911-S-INDI...AOSwo6lWJMx5Edited by Biedercoins
03/08/2017 07:16 am
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Pillar of the Community
United States
1499 Posts |
I know this might sound like "up selling," but I think you should consider moving up to the AU grade. Collectors view 20th century gold type coins in EF as little more tha bullion pieces, especially in view of the "degrading" of the EF grade. Yesterday's "VF" is today's "EF."
I would also urge you to consider buying only gold coins that have been certifed by PCGS or NGC. It is easier to sell or trade certified coins if that time ever comes.
In addition the gold coin counterfeit problem has been around since I got started as a collector in the 1960s. Counerfeits almost never find their way into to PCGS and NGC holders, and if they do those companies will make good on them, unlike some fly by night dealer who is out "to hit and run" with your money.
Here are some Gray Sheet numbers for you to consider. I know that the higher price might delay your purchase, but in the long run you might be happier with a better coin.
EF $365
AU-50 $380
AU-59 $410
MS-60 $420 (You rarely see certified coins in this grade. MS-61 is far more likely.)
MS-62 $525
In general I can tell you that the $5 Indian is the scarcest coin in strict Mint State in the eight piece gold gold type set. I had a hard time finding one, even in "the good old days" in the 1960s when I was young collector.
Edited by billjones
03/08/2017 08:07 am
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Valued Member
United States
384 Posts |
Billjones, thanks for your input. None of the places I buy coins has AU coins around that price - do you have any suggestions at how I should proceed?
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Pillar of the Community
United States
1499 Posts |
Check out the Internet. You should get a user number for Heritage Auctions. It's free, and their achieves provide an amazing source for information.
I don't know about recommending their auctions for you. I have bought coins from pictures and sometimes their advice and have be been pleased with the results quite frequently, but not 100% of the time. They hold a lot of auctions, some of them are Internet only. Coins like the pieces that on your list do pop up in their small sales.
I don't know where you live in the country. Remote places can make hard to buy and even learn where there are no coin shops or shows.
At any rate, I think that you should aim a little higher because it's not that much more money until you get to MS-62 or 63. In those grades and above, a properly graded $5 Indian is truly scarce, even the common dates.
Edited by billjones
03/08/2017 10:03 am
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Pillar of the Community
United States
3210 Posts |
Indians are popular pieces hence they will,always be worth than the Liberty series. If your looking for online dealers....David Lawrence and Great collections are 2 good spots, as well as ebay via a trusted seller. As billjones said they get very pricey after ms62. The most common piece of the series is by far the 1909 D, which had a very high mintage and is available in grades of AU to ms63 with ease. Just my thoughts. |
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Bedrock of the Community
United States
94367 Posts |
Good advice from billjones as always.
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Rest in Peace
United States
17900 Posts |
 with that agreement. |
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Valued Member
United States
384 Posts |
Billjones, thanks for your input I will try for that.
What about in a coin like a $3 Indian - does the Au rule still apply? There is a Vg8 which is in my budget. Is that worth getting?
Can you also give me the grey sheet values for $3 in VG-Vf?
Thanks!
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Pillar of the Community
United States
1601 Posts |
What's the date on that $3 Indian you're looking at? In general, as a type coin, it runs about $725 in a VF20. That's as low as the sheet goes without a specific date.
Edited by Biedercoins
03/09/2017 06:10 am
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Valued Member
United States
384 Posts |
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Pillar of the Community
United States
1499 Posts |
1854 is a common date $3 gold along with the 1874 and 1878. I owned an 1879 $3 gold for while as a type coin. It was pretty exciting to own a piece that had a mintage of only $3,000 pieces. Some of those dates are not that expensive in the circulated grades.
The 1854 coins are unusual because the word "DOLLARS" in in smaller letter than it would be for the rest of the series.
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Pillar of the Community
United States
1601 Posts |
1854
vf20 $725
xf40 825
au50 900
au58 1075
ms60 1850
That's GreySheet prices. Sight unseen dealer-dealer price, raw coin. That's as of February. Gold bullion goes up and down daily, but it doesn't much affect these prices. Now if gold took a $500 jump some week...
I'd shoot for that high AU-MS60 range.
Interesting side note, billjones! Knowing things like that enriches a collector like me.
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Replies: 16 / Views: 1,992 |
Posted 03/08/2017 05:53 am
