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 Replies: 11 / Views: 1,964 |
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New Member
United States
2 Posts |
Hi guys, New to the forum, I recently inherited a 1901 Liberty Head $10 gold coin, I'm not necessarily interested in selling it tomorrow but I have a few questions about it. What I know so far: Weight is 16.75 grams I has a decent size bag mark on it Other than that it's in pretty good condition 1. If I do decide to sell it do I need to have it certified? 2. I live in Albany, NY does anyone know of any trustworthy sellers/buyers to bring it to? 3. Will this coin increase/decrease in value? 4. Any good websites that I could go to to determine a rating scale for it? Any recommendations on what to do with the coin is greatly appreciated!   |
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Pillar of the Community
 United States
8938 Posts |
Firstly,  to ccf! Secondly, yes, certification is best because it guaretees authenticity, though most dealers would buy this raw (uncertified). For a quality rating for coins we use a scale from 0--70, with 60-70 being mint, 50-58 being About Uncirculated (mint), 40-45 being extremely fine, and so on and so one. Yours looks to be a AU-55 or 58. As for value, certified it's worth around $780 + or - a bit. This coins value moves proprotionally to the value of gold. Gold is at a multi-year high right now, so it wouldn't be a poor time to sell if need be, but most metals gurus think gold will hold steady for a while. I can't speak to any NY dealers as I am based out of MD. |
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New Member
 United States
2 Posts |
Great, thanks for the info, I cleaned it up a little bit with some soap and an old tooth and it looks much better now in terms of aesthetics. It was a gift from my grandmother and she said I can do what i'd like with it. We're not necessarily hurting for money right now but if I keep it it'll end up sitting in my sock drawer forever so I wanted to see what type of value it may hold should I decide to part with it.
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Pillar of the Community
United States
8938 Posts |
Ohh.... you broke the first rule of rare or scarce coins, cleaning will always hurt values. Collectors would rather have an original example then an altered one. Thankfully your $10 Eagle wasn't super rare, so the value lost to the cleaning is minimal.
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Moderator
 United States
188342 Posts |
to the Community! |
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Pillar of the Community
United States
581 Posts |
Congratulations to your good fortune. I'd be prouder than a peacock to have one half as nice.
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Pillar of the Community
United States
1657 Posts |
Yes, cleaning wasn't a good idea. I would keep it and treasure it as a gift from your grandmother. I have some coins from my grandmother that are worth far more to me than the monetary value of the coins.
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Valued Member
United States
86 Posts |
I feel that you didn't do major damage cleaning it up a little if you used a well worn, and very soft brush and passed some soap lightly over the coin. Hopefully you rinsed all that chemical laden soap down the drain. Most of the value of this coin is in the value of the gold, and in an AU grade even if it gets AU - Details which it probably is, very little is numismatic value anyway. I would be proud to have it. What a sweet gift from Grandma. Cherish it until you really have a better use, and I don't mean to buy a 'toy'. Having said that, you should protect it in a flip before you loose her in your sock drawer.
Edited by Hoxsie454
08/17/2019 07:09 am
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Bedrock of the Community
United States
17884 Posts |
I wouldn't put money into having the coin certified, especially now that it has been cleaned. Certified it is worth about $780. Raw it is worth maybe $760. So it would cost $35 to $50 to increase the value $20.
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Bedrock of the Community
United States
94367 Posts |
Agree, save your money. to the CCF! |
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Rest in Peace
United States
17900 Posts |
It's worth a little more than melt value. Melt value is $731.96 today. Value for this follows gold spot value, which changes constantly.
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Pillar of the Community
United States
3343 Posts |
Carry it as a pocket coin as a memory of your grandmother, and sell it if you need the money. The scratch and the common date make it uncollectible.
Back in the 90's I sold 4 common eagles like yours and bought a Breitling watch for $800. I still like the watch and wear it, and just spent $1000 to get it overhauled. It's a lot more useful to me than the gold pieces were.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
08/17/2019 12:26 pm
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Replies: 11 / Views: 1,964 |
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Posted 08/16/2019 10:54 pm
