1851 P $1 Gold Coin Thoughts Please

Roma, my thoughts are mixed.

On the one hand it's a beautiful coin, rich in history, I'd love to own it, but it sure is a bit pricey isn't it?

I struggled with the same thoughts in '07 when I was eyeing St. Gauden pieces. Looking at my old notes I wrote, "I enjoy adding US gold coins to my collection. They're a bit expensive with gold at $700, but they have so much history and they look so sharp."

In hindsight now, sure I'm glad I snagged a couple of them.

There's another active topic, "The Psychology Of Silver Prices And Numismatic Premium," check it out. Based on comments here, "Numismatic premiums are going away on all but the scarcest items."

So yeah, how can a collector not be confused?

Good luck!

Thanks for the replies.

It's priced between $300-$400 without negotiating which usually drops prices here by 10-15%.

Given the gains gold has made recently I don't really consider it a significant price - cross price averaging right? But still not sure. I'll post an alternative in another thread.

Thanks @dearborn that's a great thread!