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 Replies: 11 / Views: 824 |
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Pillar of the Community
Italy
1130 Posts |
Hello everyone, I am fairly novice with american gold coins (I typically buy a half ounce when I'm in the u.s.) but I am in the U.S. for a few weeks and sold some stuff To buy into a few gold ounces. One is beautiful with absolutely nothing wrong with it. But I bought this one at a few % points less .. at a very agreeable price over spot. Am I being OCD over this? Or are these bag/tube marks ok? It doesn't impact my feelings toward it just curious how common this is... Seeing the bullion dealer handle these I can imagine many have marks .... Thanks! *** Moved by Staff to a more appropriate forum. ***Roma  |
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Bedrock of the Community
United States
73623 Posts |
That's definitely a bag mark on your coin.
Errers and Varietys.
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Pillar of the Community
 Italy
1130 Posts |
Besides the loss of some eye appeal, any negative impact on the coin ?
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Bedrock of the Community
United States
73623 Posts |
It would grade slightly lower, but that's it.
Errers and Varietys.
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Pillar of the Community
Italy
1130 Posts |
Thanks @errers. The dealer had some back date AGEs and they showed much more handling wear. Given the lower premium I paid I was happy with this one... Just needed a little reassurance from the forum haha
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Moderator
 United States
94728 Posts |
The Reed Marks are a bit distracting on the field, But Bullion coins are handled quite differently than proofs and uncirculated ones. |
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Pillar of the Community
Italy
1130 Posts |
I agree @dearborn. I bought two ounces on a part sale and part trade. I'm learning u.s. bullion buying.
I mentioned above that it was offered at a lower price over spot and I imagine will sell back at a lower price? Or is it not distracting enough?
Edited by Roma2021
07/25/2023 1:22 pm
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Pillar of the Community
United States
5602 Posts |
Roma2021, Sounds like You made a Sweet Deal... Dearborn Stated, " The Reed Marks are a bit distracting on the field, But Bullion coins are handled quite differently than proofs and uncirculated ones. " ! And Reed Marks from Another Reeded Bullion Coin, They Are.... OUCH......  You will Not find This, on the Mint Marked U S Minted Coins, as Stated, They are Handled in a Complete Differing Manner. They do NOT Touch Another Coin. Your Deal sounds like the Marks, were Considered and the Price, Sealed the Deal, Congrats, !!!! May I ask, IF Your concerns are You MIGHT buy the UNCIRCULATED West Point Mint Marked Versions, .....  That Deal will Not be found with Them, Best Wishes..............................  |
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Pillar of the Community
Italy
1130 Posts |
Thanks @morgans.
I am not too concerned with proof gold coins. Like I said I am novice at buying american bullion coins in the u.s. so I was more or less trying to buy at the lowest premium. This was my practice run and I wanted to know how I did
... The blemish on this coin vs price, etc
Thanks for your reply.
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Moderator
United States
94728 Posts |
hey, gold is gold, and the price will go up as time passes, so, if you can buy an AGE at spot + take it - a great deal.
Edited by Dearborn
07/25/2023 7:41 pm
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Pillar of the Community
United States
5602 Posts |
I am Talking about the Uncirculated West Point Collectors Version Coins, With Mint Marks, NOT Proofs... Sounds like, You made a Sweet Deal.....  Edited by Morgans Dad
07/25/2023 5:49 pm
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Pillar of the Community
Italy
1130 Posts |
Thank you all for replying.
I posted to assess how I did buying a coin at a slightly higher premium and contrasting it with a coin at a lower premium with a ding.
I know it all depends on the market but I feel the ding doesn't distract enough to negate the premium discount. So I am happy with it.
Thanks again!
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Replies: 11 / Views: 824 |
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Posted 07/24/2023 10:31 pm
