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 Replies: 20 / Views: 2,643 |
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Valued Member
United States
106 Posts |
Hi everyone. I'm going to post in the introduction section of the forum. I specialize in counterfeit gold detection and I collect (or rather, accumulate. I collect what I like) US and foreign gold. Here is my latest purchase. It's an NGC/CAC AU53 1834 quarter eagle, classic head design. I purchased it from Mark Feld. The other day I was picking up the coin about to put it away and I dropped it, it hit the bottom of the chair, and landed on the floor. Luckily, it didn't crack. I found a small chip in it, but the next day I looked at it again, and I couldn't find the chip! So it's pretty insignificant I guess, and I'm glad as if the slab broke I'd be out of luck as this one is CAC stickered. On another forum, one member thought it looked cleaned. He said the halo effect around the star is where some cleaning instrument went. However, the coin has SEMI prooflike surfaces through the date, the stars, and on the reverse though the letters. It also has orginal golden red toning. Personally, I think it's orgininal and am quite happy with it, everyone has a different opinion. The coin does have some hairlines but they are most likely from circulation. I like sharing the new coins I get, tell me what you think!     Thanks for looking! |
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Pillar of the Community
United States
812 Posts |
Great looking coin!
I think it is very difficult to identify cleaning from pictures, unless it is extremely obvious; but I feel pretty confident (as does NGC and CAC) that this one is not cleaned.
I have an 1836 quarter eagle in F-15, and am envious!
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Valued Member
 United States
106 Posts |
I gotta figure out how to quote people, Bilbo
Nice pick up! They are very expensive. I'm not sure why, as they are sleeper coins. I'd imagine because they are almost considered early gold. And early gold is very expensive. Is your quarter eagle certified? I paid $1200 for mine.
Show me a picture of yours :)
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Pillar of the Community
United States
812 Posts |
My quarter eagle is raw, and I purchased it around 8 years ago.
Sadly, my attempts at taking pictures of my coins have not resulted in anything that looks much like my coins.
I own very few gold pieces, but the price was right and it is part of my "Remember the Alamo" set.
I don't collect series, but rather groupings with a "theme." I have 6 coins in F-15 to VF-30 from 1836, the year the Alamo fell; 5 coins in VF-30 to EF-40 from 1861 (including a Gold Dollar), the year the Civil War started; etc. These groupings are raw coins in Whitman plastic year set holders. The 1836 quarter eagle fits in the 'cent' hole very nicely.
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Rest in Peace
United States
5375 Posts |
$1200 is a great deal, by today's standards anyway. At least I think so.
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Pillar of the Community
United States
5318 Posts |
Beautiful coin!  |
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Valued Member
United States
106 Posts |
Does anyone here who has a paid membership to NGC mind looking up the cert number for me on NGC?
Thanks KurtS
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Valued Member
United States
106 Posts |
I thought it was a great deal too. Plus it is CAC approved, meaning some dealers might pay a premium for it.
I've had some people tell me it doesn't look AU, at least on the obverse. One person who looked at it in person said the obverse didn't look AU but the reverse did (had alot of detail). I think it is graded correctly and apparently so did CAC. The reverse does seem to have more detail and less wear than the obverse.
I've had people tell me the whole series is overgraded.
But I absolutely love the coin and have to wonder how the seller who sold it to me was able to make a profit when he sold it, at such a good price (Almost greysheet!)
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Valued Member
United States
106 Posts |
Here's another question for you guys, if you don't mind..
Do you think throughout the coins life, it was set aside by a collector in the early 1800's in an envolope, stored safetly somewhere for over a hundred years?
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Pillar of the Community
United States
2443 Posts |
I really like the look of it. You have to remember that everyone has an opinion that's different from another person so don't take it to heart.
Who knows where it was stored. Could have been in a purse, feel in between a floor board, the possibilities are endless.
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Pillar of the Community
United States
5318 Posts |
"...stored safetly somewhere for over a hundred years?"
I've heard stories of this happening, as 18th-19th C. furniture often had secret compartments to store coins and valuables. A gold coin would be a perfect candidate--if that's what happened.
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Valued Member
United States
106 Posts |
But if you think about it, it's amazing to think -- the coin is in incredibly good shape for being so old, of course, since the classic head series was so short with these, maybe they didn't circulate much after the series ended.
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Valued Member
United States
106 Posts |
Here's a question for you guys. The coin is AU53 CAC NGC. There is a interesating fact I learned about its supposed value. The other day, I looked up the greysheet price (dealers price) for an AU53 classic head quarter eagle 1834, in AU50 condition, it was around $1100. Well, today I went to another coin shop, and the dealer there opened up the price sheet section of "Coins" magazine. He looked up the price, and for an AU50 specimen it said it was only worth around $980! How come? This doesn't make any sense, because the coins pricesheet is supposedly retail price and yet the greysheet is HIGHER than the Coins Magazine price! What gives? |
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Valued Member
United States
201 Posts |
I don't know about Coins Magazine, but the latest issue of Coin Values list the coin at $2000 in AU-50 and $2500 in AU-55 - that's retail. |
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Valued Member
United States
201 Posts |
I can check my latest Coins Magazine pricing when I get home (I at work at the moment). |
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Valued Member
United States
106 Posts |
Yeah, that seems more like it. Like I said I paid $1200 for it and its AU53 and I thought I got a darn good deal. No idea why Coins Magazine price is so low. |
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Replies: 20 / Views: 2,643 |
Posted 08/01/2008 6:05 pm
