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 Replies: 14 / Views: 889 |
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Pillar of the Community
Italy
1110 Posts |
I saw this gold coin the other day at a shop with a recent stock of world gold coins. It's in better condition comparatively and seems fairly priced although well above melt. Curious to hear some forum thoughts ...   A link to the gold coins that recently appeared at a shop I frequent in Rome. http://goccf.com/t/261670&whichpage=14#4157076Edited by Roma2021
10/09/2024 5:56 pm
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Bedrock of the Community
 United States
20696 Posts |
That's a very nice coin, Roma! Melt would be around $225. And only 37,000 were minted. Depending on how much over melt it is, I would be inclined to acquire it.
Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
Canada
5091 Posts |
I don't see a lot of Chilean gold coins.
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Moderator
United States
171034 Posts |
A very nice example!  If it were only 98 years older.  |
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Pillar of the Community
 Italy
1110 Posts |
@jbuck ... Less than a century off! Close enough?
I'm trying to see if there's much upside if I had this graded.
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Moderator
United States
171034 Posts |
Quote:
Less than a century off! Close enough? As we say in my industry, close enough for government work.  Quote:
I'm trying to see if there's much upside if I had this graded. Definitely outside my area of confidence. I still do not own a single gold coin! 
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Pillar of the Community
United States
5431 Posts |
It's got some nice luster, but it looks to me like it might be AU rather than mint state (although I don't know much about Chilean gold coins). An NGC-graded MS-63 sold for much higher at Heritage last year, but I doubt there's much upside to grading it if it's AU.
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Pillar of the Community
Italy
1110 Posts |
@ zurie, I thought high AU low MS depending on whether the rumor is true that gold tends to get graded more generously; but as a gold coin I'd need to submit with uncertainty I don't think I'm interested.
Thanks for replying.
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Pillar of the Community
Portugal
523 Posts |
I think mint state from the photos. But well above melt in that expectation is a game you do not want to play.
I saw now your other topic with the shop window photos. Nothing looks like a very good deal to me. Have you considered the papal coin if a little above melt? Always popular, papal issues. That was what I would get if I wanted bullion with some numismatic interest.
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Pillar of the Community
Italy
1110 Posts |
@jecz, I considered the papal coin but it has a decent amount of hairlines in hand from a clean and I have bought some papal coins to resell before and they do very very poorly in the u.s. The European market for Vatican issues is likely double or triple the u.s. interest.
Also, the coin is €110-120 over melt; it's one of the higher premium coins he has. I disagree there weren't / aren't deals to have at that shop. He had two sovereigns priced €6 below melt; a distressed Victoria and a common Elizabeth. They sold within a day.
I also disagree that there were not deals to he had in that display; he has two sovereigns priced €6 below melt; a distressed Victoria and a common Elizabeth.
I buy some things to resell (playing cards, chess sets, etc.) and some coins (mostly 90%) but I also collect coins I find interesting; so my parameter is if I can own it and learn something from it and sell it on I don't mind buying it and deciding what to do later. I wouldn't pay the asking price for any of the coins at that shop window but some are interesting to me and I'd consider making an offer on a few.
Edited by Roma2021
10/12/2024 6:13 pm
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Pillar of the Community
Portugal
523 Posts |
The melt value is always lower than the spot value. The difference is always more than 1%. Depends on the foundry and the day, how the price has moved recently.
But I agree that you will not find anyone knowledgeable swelling to the public lower than 1 or 2% below melt. These days.
It is good if you save some historic coins from the melting pot. I am still hanging to some I picked just so they were not melted.
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Bedrock of the Community
United States
34628 Posts |
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Pillar of the Community
Italy
1110 Posts |
Nine months later anyone curious what ANACS graded this?
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Moderator
United States
171034 Posts |
Quote:
Nine months later anyone curious what ANACS graded this? 
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Pillar of the Community
United States
5431 Posts |
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Replies: 14 / Views: 889 |
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Posted 10/09/2024 7:23 pm
