Posted 10/12/2024 4:06 pm
If you like these coins because you collect from Spain and that era and want the type and year, go for them. They are very worn. This one seems a little better than the 1786. All such common coins had gold price catch with the numismatic value. Someday a premium will reappear but nothing big. I do not think gold will go lower so this is a good time for you to get a coin of this type. But if gold gold goes back lover these go back cheaper.
If you want bullion with history it should be a better buy than most others. If you just want bullion get another thing with the lowest premium you can find.
If your only interest is to resell because you think the premium low this is not a good choice. They are not worth the work of trading above melt. When you se a gold coin in a shop for sale days at a time it is no good for coin dealers to resell. If it was they would be taking them from the shop to sell online.
I have seen some few dealers trying to sell these common and worn escudos expensive in the seediest auction websites here in Europe. Where misrepresentation is common. Only there and not in auctions from reputable houses. That is because these coins are either very worn or clipped or both. Most collectors take issue with that. To evaluate condition you must know the type. If it is common to be off-center or not. What edge it should have. Have seen in hand a few in mint condition to compare. Weight will not be much help to know if it was clipped. In the small change gold it was not accurate out of the mint. Edge matters very much but you can not find good photos. You need to have seen it. Plastic boxes from graders are not to be trusted because they know little about the many gold coins from all over Europe. No one can be a specialist in everything. The boxes only make it harder to evaluate the coin in hand, the edge.
It looks like this one was not filed. Only struck of center. But you need to check. Always check the edge first when you are choosing these eighteenth century european gold coins with them in hand.
If you want bullion with history it should be a better buy than most others. If you just want bullion get another thing with the lowest premium you can find.
If your only interest is to resell because you think the premium low this is not a good choice. They are not worth the work of trading above melt. When you se a gold coin in a shop for sale days at a time it is no good for coin dealers to resell. If it was they would be taking them from the shop to sell online.
I have seen some few dealers trying to sell these common and worn escudos expensive in the seediest auction websites here in Europe. Where misrepresentation is common. Only there and not in auctions from reputable houses. That is because these coins are either very worn or clipped or both. Most collectors take issue with that. To evaluate condition you must know the type. If it is common to be off-center or not. What edge it should have. Have seen in hand a few in mint condition to compare. Weight will not be much help to know if it was clipped. In the small change gold it was not accurate out of the mint. Edge matters very much but you can not find good photos. You need to have seen it. Plastic boxes from graders are not to be trusted because they know little about the many gold coins from all over Europe. No one can be a specialist in everything. The boxes only make it harder to evaluate the coin in hand, the edge.
It looks like this one was not filed. Only struck of center. But you need to check. Always check the edge first when you are choosing these eighteenth century european gold coins with them in hand.
Edited by jecz79
10/12/2024 4:12 pm
10/12/2024 4:12 pm
