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 Replies: 11 / Views: 1,171 |
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Valued Member
United States
104 Posts |
Ive been collecting serious for 8 years and my experience in market swings for specialized gold is minimal compared to most on here for sure. I always learn a lot when I post a question like this.
I used to think coin collecting might eventually be like stamps when ( and I hate to think about this or let alone type it) my father's generation ( whom is of the Baby boomer generation) unfortunately passes. But now with what's App I see a large online presence of many younger folks selling coins and collecting. They just don't go to shows and me being in my 40's have only been to one big coin show since I started collecting because I have a career and don't have the time to get away.
Back to my question....I want to buy southern half eagles but they are very expensive compared to two years ago and maybe I just need to be reminded that they will probably not go down (if pcgs coin facts is any indicator). Rant over
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Pillar of the Community
United States
3342 Posts |
Same thing with cc and early s gold. I picked up the 1867-1873 run of s half eagles raw circulated 3 years ago, at prices less than 2x melt. These coins have disappeared completely. It's much easier to find slabbed high end coins than vg-vf collector coins. Similar raw circulated cc's disappeared 10 years ago.
I bought a raw AU 1891-cc eagle in the late 1990's for $300. Sold it 10 years later for $750. Right now they're $3000 and dozens available.
At some point maybe the bottom will fall out of the branch mint market due to oversupply. But in 25 years I have yet to see it. Bullion coins fluctuate more than collectable coins IMO.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
05/26/2024 7:08 pm
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Pillar of the Community
United States
3342 Posts |
Oddly enough my old 1846-C is on ebay right now. https://www.ebay.com/itm/125663897525I paid $275 for it in an AG-3 holder in the late 1990's, about double the price of a common half eagle. I cracked it out and used it as a pocket coin. 5 years later I sold/bartered it to a Raleigh dealer who wanted it much more than I did. As I used to say about that coin "where will you find another one?" That's what I still feel about the Southern mints. I have a couple of shabby pocket piece T1 dollars in its place. One is on my key ring. Edit: on closer examination, this one was not mine. There is graffiti in the reverse field, and the rims are more complete than mine was. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
05/27/2024 11:36 pm
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Valued Member
United States
450 Posts |
My opinion.......I don't think they will drop in value. There are cycles in the market, but specialized gold like southern C and D minted seem to be immune to drops like the more common bullion issues.
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Pillar of the Community
United States
4415 Posts |
IMHO, the question of coin value in dollars has to increase; this, as inflation is daily eroding the value of our dollar. Many key coins are now selling for twice what they realized twenty years ago. The same holds true for the cost of mayonnaise nowadays .... twice what it cost twenty years ago!
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Valued Member
United States
450 Posts |
On inflation........As a young lad, and newspaper boy, we were able to purchase a candy bar for 5 cents US. That was in 1970. I think they are around $2 US for the same size at present. My dad used to talk of buying a pack of cigarettes for 3 Cents US, back in the 1950's. I think they are around ten bucks now. Yikes. Yes, inflation bites. There are websites for this inflation calculator. It seems like Gold performs better than the fiat currency in the long run.
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Bedrock of the Community
United States
12057 Posts |
Charlotte and Dahlonega gold is not likely to drop substantially any time soon apart from slight market corrections.
The supply is very finite and demand is as strong as ever. A lot of the nicer coins (and even a lot of the less nicer coins) are already in private collections, so when PCGS/NGC early Southern gold becomes available, especially choice and scarcer pieces, there's likely to be quite a lot of interest.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Valued Member
United States
383 Posts |
Being a serious gold collector, I've witnessed a sharp increase in demand (and as a result, prices) for rare-date gold, all beginning around the 2019-2020 timeframe. With online and social media venues adding more pressure, and with many sources for novice collectors to research & acquire knowledge at their fingertips, demand for original examples hasn't let up. Fortunately, the bulk of my collection was acquired before all the surge in interest.  Edited by EarlyTurban
06/02/2024 08:26 am
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Pillar of the Community
United States
3342 Posts |
That is a really nice 1846-C. Thanks for showing it.
I fall between being a stacker and an unserious gold collector EarlyTurban. I can't afford to be serious because I got into it way too late. I am astounded by what people will pay for a common 1891-CC Eagle these days, and much more by what they pay for coins that are scarce or rare. 30 years ago there wasn't nearly as much step-up in price for scarce gold because there were few collectors.
I took my holed 1803/2 half eagle off the key ring because I was afraid it would tear out and I'd lose it. Besides the Charlotte dollar, I recently added a holed BG-501 Humbert California dollar.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
06/03/2024 12:22 am
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Pillar of the Community
United States
630 Posts |
Jump in! The water's fine... Look EVERYWHERE! truth: the nicest 1855-O $1G I found came from a professor in France-a really nice 1863-P $20 Lib from England (before the KY hoard was found), and a grimy 1854-O $3.00 photo'd in a 2x2 from ebay came back AU50-an "1898-S" $2.50 from Australia was really dated 1868, but I didn't have the heart to tell him... |
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Valued Member
 United States
104 Posts |
  Can anyone find anything wrong with this common type $5 Dahlonega half lib? I havnt been able to find even common dates like this for sub 5k and this one seems to good to be true Thanks and I really need the community's help on this one. Maybe I should have started this as a new topic of discussion. |
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New Member
United States
29 Posts |
Gold has no where near hit the ceiling.
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Replies: 11 / Views: 1,171 |
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Posted 05/27/2024 1:18 pm
