1863-S Type 1 $20 Gold Piece - Coin Community Forum

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Author	Replies: 11 / Views: 2,560
johnny54321 Rest in Peace United States 4849 Posts	Posted 07/01/2010 8:43 pm The last, final and most difficult piece for my gold type set, and possibly my last big purchase for quite some time! My wife is pregnant with our first child, and we are well on our way going from being DINKs(Dual Income No Kids) to SITCOMs(Single Income Two Kids Oppressive Mortgage). Though it will definitely be worth it. She was in an ICG slab, removed to go into my Dansco. I felt better about removing a coin of this value if it wasn't in a top tier slab, though I do think it was properly graded. Opinions? PS...more spousal tax will also be required Edited by johnny54321 07/02/2010 12:14 am Report this Post to the Staff

cownas22 Pillar of the Community United States 1055 Posts	Posted 07/01/2010 10:28 pm Wow! Very nice "no motto" piece. My humble opinion on grade is XF-45. From the pics I can't see much luster. No doubt a nice piece. An added bonus is the early San Fransisco Mint Mark. Report this Post to the Staff
jprine Pillar of the Community United States 1599 Posts	Posted 07/01/2010 11:06 pm Very nice coin! Congrats on the coming addition. Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 07/01/2010 11:46 pm Looks like a bit of a mushy strike so I'll say AU50. If ICG didn't call it a weak strike, I could see it going all the way down to VF35. Congrats on the baby too! ANA #R3154474 Report this Post to the Staff
coinguybrian Rest in Peace United States 5375 Posts	Posted 07/02/2010 12:11 am Yeah I agree with Brad's assessment, and I'm betting it has way more luster in hand. Report this Post to the Staff
johnny54321 Rest in Peace United States 4849 Posts	Posted 07/02/2010 12:19 am Thanks for the comments! I added some additional pictures in direct light that better show off the luster. Congrats to Cownas, he nailed the grade! Report this Post to the Staff
coinguybrian Rest in Peace United States 5375 Posts	Posted 07/02/2010 07:58 am No criticism here, but I was wondering something... Why did you opt for a lower grade example when a higher grade AU-58 or MS-63 often isn't that much more expensive for common dates? Do you prefer having a better date in somewhat lower condition? Report this Post to the Staff
johnny54321 Rest in Peace United States 4849 Posts	Posted 07/02/2010 12:11 pm Quote: No criticism here, but I was wondering something... Why did you opt for a lower grade example when a higher grade AU-58 or MS-63 often isn't that much more expensive for common dates? Do you prefer having a better date in somewhat lower condition? No offense taken, but you should do a price check for type 1 $20 libertys in AU-58 through MS-63. I paid $1480 for this one in XF-45. An AU-58 would be around 3 grand, MS-60 is around 7 grand and MS-63 is pushing 25 grand. My goal was to get a decent problem free example of a Type 1 $20 liberty for as close to melt as possible. Any type 1 $20 liberty in AU-58 and above are anything but "common dates". The type 3 $20 liberty common dates are a completely different story, and I purchased a PCGS MS-61 for not much above melt. Edited by johnny54321 07/02/2010 12:13 pm Report this Post to the Staff
coinguybrian Rest in Peace United States 5375 Posts	Posted 07/02/2010 4:13 pm Ohhh, type 1. That makes sense then. Report this Post to the Staff
johnny54321 Rest in Peace United States 4849 Posts	Posted 07/02/2010 5:07 pm Quote: Ohhh, type 1. That makes sense then. Yeah, I just completed the "No Motto" portion of my gold type set. Though Type 2 and 3 are much easier to find nice examples cheap, unfortunately they both have Mottos, so it wouldn't be a proper fit. Report this Post to the Staff
coins92 Pillar of the Community United States 851 Posts	Posted 07/02/2010 5:21 pm I' love to get rid of some of my newer gold and get some nice mid 19th century examples such as yours. Great Coin! Report this Post to the Staff
johnny54321 Rest in Peace United States 4849 Posts	Posted 07/02/2010 7:01 pm Quote: I' love to get rid of some of my newer gold and get some nice mid 19th century examples such as yours. Great Coin! thanks man. You have some really nice coins too! My next big goal, which probably won't be fulfilled in a while, is to get a pre-1834 capped or draped bust half eagle. That's when you really start running into rarities! Report this Post to the Staff
	Replies: 11 / Views: 2,560

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