1885 S $5 Gold Coin
gene1978
Posts: 772 ✭✭✭
Is this coin worth buying at $450? Friend of wants to sell it and asking me for vaule. I do not buy or deal in gold coins. So I am asking for your opinions. Thanks for your time.
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$450 is about dealer bid right now on low end UNC $5 pieces. I think that's a fair price assuming it's original surfaces. It looks a little messed with, possibly cleaned from the obverse shot. I can't tell 100% from the images.
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A raw, common date gold $5 with rim damage is worth melt or about $422. I'd offer $425 but this is a coin I wouldn't really want to buy.
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
If you're already spending $450 may as well spend $100 more and get a nicer piece. Gold is much more liquid in higher grades. It's so much easier to move good gold.
I'd pass.
No not for me
I would call the local B&M. Ask what they would offer and offer that or a bit less. That coin would be more of a bullion play than a collector piece.
It's a nice AU half eagle...
Why are you posting the same coin on the coin forum and the BST simultaneously?
Nope, pass !!!
It has rim damage so it is not nice in my opinion. It's a bullion 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
I like gold coins, however, I would not purchase that coin...Rim damage, surface looks as if it has been harshly cleaned....Cheers, RickO