$5 Indian Dilemma - 63+ or 64 ?
philographer
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Have been watching the prices of $5 Indians drift lower and lower over the past 8 years. At Coinfest in Stamford around 2009 I think the price of a PCGS CAC 64 was around $3,800.
Am watching the falling knife, but can get a nice PCGS CAC 63+ in the $1,100 - $1,300+ range, or a PCGS CAC 64 in the $2,300 - $2,600 + range.
Which would you choose and why? And what does the crystal ball say about the $5 Indians over the next decade? 
He who knows he has enough is rich.
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Pick the best looking one. Eye appeal trumps grade for me.
Buy the best grade you can afford (as long as it is graded correctly). In this case the 64.
But I'm cheap. If the 63+ CAC is really nice, that's my pick as you'll have money left to get another. Best of all, wait a few years and it may become a 64.
make a general assumption that at 64 is a titch better than a 63+. Is it worth a $1,200 premium?
(Edited: This is the 63+)
He who knows he has enough is rich.
I'd rather have two nice 63+ than one 64. Buy the highest grade that makes sense. It doesn't make sense to pay double for an only slightly nicer coin.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
The 64 may be a high end. So probably yes if you are an investor. That's a nice coin you posted.
Here is another thing (if you can get away with it). During a slow period of a major show I went to a very big dealer looking for a five Indian in 62 (a REAL 62 w/no rub) for my teaching set. I told the dealer I was there to buy a coin and would not leave without one. LOL
He let me look at every 62 they had. I left the table with a truly Uncirculated (no rub) coin I personally thought should be in an MS-63 holder. The point is, if you look at enough 63+ coins you'll find a solid 64 and some 64's will have a shot at a 65. Take your time. I hear prices are dropping so time is on your side.
The number on the holder is not the determining factor; it’s the coin in the holder.
I found this 64 cac and it was worth the extra.
They are about $1,300 cheaper than 26 years ago (when I bought my first gold coins from North American Rare Coin Galleries, Teletrade, and Heritage Rare Coin Galleries)
He who knows he has enough is rich.
Interesting, the largest and newest gold coin was the cheapest.
I’d go with whatever you like best in person.
I just got one a few months ago and it happened to be a 64. I very happy with mine.
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Yep! Pick the coin not some stupid label.
@philographer
It's been a back and forth sensing in my head too ..... I incline to go with 2's at lower grade 63
This popular series will only increase in price over period of time IMHO
Good luck with your hunt and hopefully we don't go head to head on same coins
As always, it's all about eye appeal. All things being equal, I'd go for (2) 63+. It's JMHO. Good luck and keep us posted !!!
When I am viewing possible purchases, I inevitably go for the coin that appeals to me the most, without regard to label. I have no regrets doing this and often, when I have time and the inclination, checking values, I have done quite well. Since I do not sell coins, I only infrequently look at values of coins I already have. Though, it becomes quite obvious when looking at one for sale, and recalling what I paid for an equal coin five or ten years ago.
Cheers, RickO