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 Replies: 9 / Views: 1,455 |
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New Member
United States
22 Posts |
You can't get a problem-free quarter eagle for less than $250, even though they only contain $150-$160 worth of gold. On the other hand VF-AU half eagles can be had for 10% over melt.
Why? Does the quarter eagle get a premium just for being classic gold? It would be awesome if quarter eagles only cost $180-$200 instead of $250-$300. Edited by Donnie Darko
06/09/2017 8:43 pm
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Pillar of the Community
United States
3210 Posts |
Lower mintages, lower survival, popularity, populations of higher grade coins, take your pick. These all factor into prices of coins.
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Rest in Peace
10197 Posts |
Donnie, I address according to your handle: Population...easiest answer. In the Gubmint gold grab (Thanks Franky) a lot of gold coins were surrendered by banks and "loyal, good, law-abiding" (ignorant) civilians for the national round-up meltdown of private ownership gold. Remember when the other cousin pulled in silver and did the same to Morgan dollar population/rarity?  So much for our "Constitutional right of ownership", huh? Just think what happens when all us gold and silver stackers put our "disposable income" (?) into PM's and WA-LA! History repeats itself. Be afraid, my friend, be very afraid.  Edited by Crazyb0
06/09/2017 8:58 pm
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New Member
 United States
22 Posts |
Did more half eagles survive melting than quarter eagles?
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Bedrock of the Community
Australia
21786 Posts |
Same thing with Sovereigns and Half Sovereigns
The Sovereigns were used as a bullion store (although bullion bar was used as well), by the banks who had a large requirement to store them as a backing for the paper currency.
Half Sovereigns on the other hand, were much more used as circulating currency and were minted in lower numbers as demanded by the public, who also used banknotes as well. The result is the minting numbers of Half sovereigns were only about 10% of that of the Sovereigns of the same period, and the Half Sovereigns were the coins that circulated and so on average, are found in at least two grades less than the Sovereigns of the same dates.
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Pillar of the Community
United States
2609 Posts |
From what I understand, during the 1920's, quarter eagles were popular gifts for special events, birthdays, etc., so average Americans took them out of the bank and then their recipient often returned them. Presumably, many of those people were not collectors and did not value the coins beyond their legal tender status, so when FDR issued his Executive Order 6102, they exchanged them at the bank. Those coins, along with the others already sitting in banks, were probably heavily melted. Quote:
In the Gubmint gold grab (Thanks Franky) a lot of gold coins were surrendered by banks and "loyal, good, law-abiding" (ignorant) civilians for the national round-up meltdown of private ownership gold Contrary to popular belief, Executive Order 6012 had exemptions and did not require citizens to relinquish all their gold (you could hold onto $100 or less of it). Basically any coin of numismatic value was also exempt, but since there were not a lot of gold coin collectors, many in the public did not know the numismatic value of their gold and mistakenly thought they had to relinquish it. |
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Pillar of the Community
 United States
3058 Posts |
I have always wondered the same! Great question!
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Pillar of the Community
United States
2130 Posts |
I actually think that there are several quarter eagles that are undervalued. I am talking about gold quarter eagles with a mintage of less than 20k can be purchased already graded in AU condition for around $300.That's a deal in my opinion.
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Pillar of the Community
United States
3343 Posts |
The smaller the coin the bigger the % premium over bullion. Dollars are even worse than quarter eagles. This applies to US coins but not foreign. Quarter eagle-sized gold 5 rubles trade as bullion for instance. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Valued Member
United States
152 Posts |
There are plenty of nice $2 1/2 for under $250 right now. Even at the $250 price, it would be an extra $85 for your example price for a $5. More people can afford $250 than $330+, so they go for those if they want a nice Indian gold coin.
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Replies: 9 / Views: 1,455 |
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Posted 06/09/2017 8:53 pm
