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 Replies: 33 / Views: 4,446 |
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Pillar of the Community
United States
4409 Posts |
I have a couple of suggestions. First, take a look on Collector's Corner http://www.collectorscorner.com/Cat...Id=4&tl=true there is an advanced search which you can narrow the search criteria. The dealers listed on the above site are reputable. Plus, be sure to check and see if the dealer has a website as sometimes the listed coin is listed at a slightly lower price. Second, and probably more an avenue worth exploring is taking a look at Doug Winter's website as he deals in Southern gold coins and has written reference books on them. https://raregoldcoins.com/-MV |
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Valued Member
 United States
160 Posts |
MeadowviewCollector, thanks for the reply and suggestions, I actually was looking to purchase two of Doug Winter's books today, the Charlotte Mint Gold and the Dahlonega Mint Gold. I figured those would be good starting points to familiarize myself with the coins of both mints. I'm in no real hurry to buy, and I would rather not go into a purchase like this blindly.
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Pillar of the Community
United States
4409 Posts |
Good thinking.
I bought Winter's book on Daholnega and Carson City several years ago. I waited on the Charlotte book.
-MV
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Valued Member
United States
160 Posts |
I didn't think of Collector's Corner until you mentioned it, just checked it out and there are quite a few available there. The photo's of the coins are very good quality also on that site, much better than most on ebay. |
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Pillar of the Community
United States
6394 Posts |
I obtained my Charlotte and Dahlonega coins from different sources: Teletrade (many years ago), ebay, Doug Winter, Long Island Rare Coins, and (most recently) a local coin show. I'd recommend you look at lots of examples (Heritage auction records are extremely useful) to get familiar with the appearance and pricing for the various issues. If you find something that fits your collecting goals be ready to jump on it. Attractive specimens at fair prices will sell quickly. |
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Pillar of the Community
Canada
586 Posts |
Online auctions aren't so bad, there are a few that I look at weekly just to stay on top of prices. Icollector, colonial acres, The Canadian Numismatic Auction Company. These are ones that I have bought from in the past and have had good experiences. I would try APMEX as well, not sure of the inventory but they do sell slabbed coins. But If you have the patients and time, I would approach a dealer and ask if he is willing to trade with coins you want out of. I approached my LCD and he was all for it. I wanted some 1912-14 Canadian gold coins that he had and was willing to take my unwanted coins in exchange. I am assuming the LCD would do this because he gets inventory that he can move faster and builds a relationship with a client that can come back and buy other hobby specific items in the future. |
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Pillar of the Community
United States
3343 Posts |
Right now all I have is a very shabby 1849-D dollar. The only thing good about it is the strong D. This one is a lot nicer. https://www.ebay.com/itm/1849-D-Gol...AOSwIJlaC3zYEven in AU, it's a very mushy strike. That's what I like about the Southern branch mints. The coins have a homemade look to them. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
12/12/2017 10:54 am
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Valued Member
United States
160 Posts |
thq, yes I see what you mean, sure doesn't look AU, but on those branch mints you have to allow for the poor dies when grading. Weak mushy strikes are the norm I guess for most of them, although I'm sure if you find one with a better than average strike, they go for a huge premium. After checking selling prices the last few days just on ebay, what I'm finding is that even the problem coins (of which there are many) out there, they still are big money and people buy them up. That's what you want to put money into, coins that are in heavy demand all the time. |
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Pillar of the Community
Canada
586 Posts |
Always check the serial number on the slab. Most coin grading companies have them recorder with pictures.
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Pillar of the Community
United States
3343 Posts |
A couple years ago I scooped up all the problem cc gold half eagles I could find. Unfortunately that had the effect of driving up the price, rather than attracting more of them into the market. That' was done with Charlotte and Dahlonega years ago, and any coin that makes a straight grade like that 1849-D dollar is up in the stratosphere. No bargains.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Valued Member
United States
160 Posts |
I was reading something by Doug Winter, who said that between 2003 and 2011 I think, Charlotte and Dahlonega mint coins actually went down in price overall because of the many cleaned and processed coins that were coming onto the market. Auction prices fell because people were not willing to pay the higher prices for those cleaned and processed coins, as a result, it took down prices of even the nice original crusty coins to some extent. Although the doctored coins are still around, it appears that the market for all Charlotte and Dahlonega mint coins is still pretty healthy today.
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Pillar of the Community
United States
1261 Posts |
Quote:
I was reading something by Doug Winter, who said that between 2003 and 2011 I think, Charlotte and Dahlonega mint coins actually went down in price overall because of the many cleaned and processed coins that were coming onto the market. Auction prices fell because people were not willing to pay the higher prices for those cleaned and processed coins, as a result, it took down prices of even the nice original crusty coins to some extent. Although the doctored coins are still around, it appears that the market for all Charlotte and Dahlonega mint coins is still pretty healthy today. This is exactly the reason I recommended acquiring a coin that has been CAC'd and working with a knowledgeable dealer. I like auctions myself but this is a purchase in which you need to be extra diligent and if it isn't your specialty then better to work with someone who knows what they're doing. |
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Valued Member
United States
160 Posts |
chesterb,
At first I thought going with a normal PCGS or NGC slab would be sufficient or safe enough, but as I study the situation more thoroughly, I wholeheartedly agree that getting the CAC stamp of approval also is in my best interest, because this is an area that I am not educated in. I'm very particular about the look/eye appeal of the coins that I buy, as one should be, but I do realize that the southern gold is a different animal in many respects compared to all the other branch mints. My budget is not large or unlimited, so I know I will have to settle for a coin or coins that are going to be softly struck with more contact marks than I would usually accept. My biggest concern is finding something that "most likely" has not been messed with. According to Doug Winter, there is no way to be absolutely sure that any of those coins has escaped some type of cleaning, however slight, over the last 150 or so years. I think you are right, going with a CAC is the only way to have the odds in your favor about it.
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Valued Member
United States
383 Posts |
Here are a couple pieces I picked up recently. A lot of good advice here... buy the books. Doug Winter is considered a leading expert on Southern gold and has handled many of the finest examples of each date. Not knowing where you live, I'd recommend flying out to attend one of the major shows... FUN in Tampa is coming up early next month, or Baltimore in March. Either way, you'll have a very good chance to get an opportunity to view/examine a number of pieces for comparison as there will likely be several dealers who handle southern gold at those venues.   ET |
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Valued Member
United States
160 Posts |
Very nice pieces EarlyTurban, extremely clean surfaces and rims, better than many I've seen. I'm sure you had to pay up for those being as nice as they are for the grades.
Edited by jmgi
12/14/2017 12:07 pm
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Replies: 33 / Views: 4,446 |
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Posted 12/10/2017 7:27 pm
