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 Replies: 14 / Views: 1,856 |
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Pillar of the Community
United States
4469 Posts |
When I purchased this coin, I broke 3 of my rules. 1) Do not buy coins from APMEX. 2) Do not buy coins with no return option. 3) Do not by coins from stock photos and random dates. I was fine with the Liberty $10 MS63 gold random date as there were five dates with about 20K PCGS coins graded. I did not receive one of the most common five dates as I got a 1882 that had a little over 8K graded by PCGS and about 500 in MS63. Some of the other common dates had over 4K graded by PCGS in MS63. I could not find a $10 Liberty Gold Eagle that I liked for under 1K, so I decided to get as close to melt as possible with the highest grade. I had 10% in ebay Bucks. APMEX had the random date Liberty Gold Eagle PCGS MS63 listed for $774. With the 10% ebay Bucks my net cost was $697 and free shipping. Melt on the coin at the time of purchase was $625. She may be a little rough on the obverse for a MS63, but she has great luster and a reverse that looks higher than MS63. Overall, I am pleased with the coin and cost. Here is the coin:   Edited by Slider23
06/19/2018 09:32 am
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Pillar of the Community
United States
3479 Posts |
Well I think you did ok price-wise. I usually don't comment on gold pieces b/c I don't collect them and look at many of them. I think the obverse is baggy and 62-looking but the reverse makes up for it.
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Bedrock of the Community
13014 Posts |
Looks okay for gold at the grade. Gold is much baggier than silver overall and is graded differently
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Bedrock of the Community
United States
10982 Posts |
Looks like you did well for breaking your three rules but I do have one question. How is this a No Return coin?
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Bedrock of the Community
Australia
21786 Posts |
I like the way you reasoned through your buying strategy for the purchase of this coin.  The heavy edge bumps are a little distracting, but not enough to be disappointed enough to flip it later on, therefore a long term keeper. Overall, due to the luster, quite an attractive coin.  Gradewise, I would say MS64 comments, rather than MS62, but 62 tells you at what level the value should be. |
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Pillar of the Community
United States
8715 Posts |
A few too many marks on the obverse for a 63, but the reverse makes up for it. Nice coin. |
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Pillar of the Community
 United States
4469 Posts |
Quote:
How is this a No Return coin? APMEX treats the purchase of this random date gold as bullion with no returns. On the ebay page the price of the coin changes every 30 minutes based on the price of gold. If pressed for a return, I am not sure who ebay would sides with the buyer or seller. Quote:
A few too many marks on the obverse for a 63 The 1882 mintage is 2,324,400. The date is real baggy as there are only 52 coins graded graded MS64 and 0 graded MS65, 1 MS66 by PCGS. The MS63 grade with the marks is typical when compared to other MS63 for the 1882 date. Would the coin CAC no, but it looks far better than the typical 62 for the date. Edited by Slider23
06/19/2018 09:37 am
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Pillar of the Community
United States
3234 Posts |
Personally, I've had very good experiences with APMEX. I always add a note to my orders to ask that they take a little extra care in selecting pieces that are problem-free and eye appealing. I have to say they pretty much deliver what I ask for. I've only ordered generic pieces from them so far and find them very reputable. |
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New Member
United States
24 Posts |
Nice Eagle. I've been a happy APMEX customer for 4-5 years, though I've only bought silver and gold bullion. |
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Pillar of the Community
United States
4337 Posts |
nice pickup for the price for sure
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Moderator
 United States
188130 Posts |
Well done. |
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Bedrock of the Community
United States
94367 Posts |
Important thing is you're happy!
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Bedrock of the Community
United States
10982 Posts |
Quote:APMEX treats the purchase of this random date gold as bullion with no returns. On the ebay page the price of the coin changes every 30 minutes based on the price of gold. If pressed for a return, I am not sure who ebay would sides with the buyer or seller. Thanks for pointing that out. I hadn't purchased from APMEX in some time and had forgotten. |
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Pillar of the Community
United States
3343 Posts |
Back in the 90's these were $200. Not any more. The bullion value has been a better place holder against inflation than the dollar.
Eagles are the perfect coins IMO. Between a quarter and half dollar in size. It's easy to see all the features, but they're heavier in hand than the silver. Substantial but not sluggy like $20's and silver dollars.
Compared to 1909-SVDB cents at the same grade your 1882 is cheaper AND rarer. I hope no one ever figures that out.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
06/19/2018 6:27 pm
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Pillar of the Community
United States
4469 Posts |
I was doing some reading in trying to understand the grading for the Liberty $10 gold and why PGCS graded my 1882 MS63. A lot of the gold eagles have been sitting in bank vaults for many years at gold reserves. When the bags were moved, the soft gold coins would rub on each other and the luster would be rubbed off the mint state coins. Many of the coins graded MS61 and MS62 have lack of luster from the rubs in bags. In the 30's a lot of the gold eagles got shipped to Europe when it was illegal to own gold coins in the US that also contributed to the rub in bags. Here are the PCGS photo grade for the MS61, MS62, MS63 $10 Liberty note the lack of luster in grades 61 and 62. MS61 Below:  MS62 Below:  MS63 Below:  |
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Replies: 14 / Views: 1,856 |
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Posted 06/18/2018 10:50 pm
