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Tuition Coin? 1926 Indian.

This is the first gold coin I purchased on ebay several years ago.
Looking through my email it was sold as
"$10 1926 Indian Head Gold Eagle Slider AU-BU"
Am I really looking at a details grade coin that has no chance of straight grading or what?
If it matters, I have right around $500 into it.


  • csdotcsdot Posts: 654 ✭✭✭✭

    Have you weighed it because $500 is an almost too good price.

    As for grading, the coin looks chewed up. Plus 1926 is the 2nd most common date, so wouldn't stress about upside from a grade.

  • thefinnthefinn Posts: 2,646 ✭✭✭✭✭

    Looks like someone lost a knife fight, or needs to get an electric razor.

  • SwampboySwampboy Posts: 12,826 ✭✭✭✭✭

    Good thread title.

  • MetalMetal Posts: 122 ✭✭✭

    I cashed in some ebay bucks., They sold the coin for $739, I paid $abou$500 out of pocket.
    I'm just not sure if it's been cleaned, or are those bag marks or what???

  • PerryHallPerryHall Posts: 44,841 ✭✭✭✭✭

    Looks real but heavily bag marked. If I bought that coin for what you paid for it, I would be a very happy camper.

    Worry is the interest you pay on a debt you may not owe.

  • JimnightJimnight Posts: 10,592 ✭✭✭✭✭


  • MFeldMFeld Posts: 11,081 ✭✭✭✭✭

    There’s no good reason to pay to have that coin graded. The value would be about the same, whether it received a details or straight grade.

    Based on the images, it looks genuine and in hand, many collectors and dealers could determine its authenticity in a few seconds.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    That gold coin appears authentic, but a stacker, no sense in slabbing it. You got it for a good price for sure. Cheers, RickO

  • messydeskmessydesk Posts: 19,466 ✭✭✭✭✭

    If a roughly 1/2 oz. gold coin cost you $500, it's not a tuition coin.

  • abcde12345abcde12345 Posts: 3,404 ✭✭✭✭✭

    @Jimnight said:


  • 291fifth291fifth Posts: 23,724 ✭✭✭✭✭

    Looks genuine but it is a really beat-up coin. Not worth slabbing. I'd sell it as bullion and get my money out of it if it were mine.

    All glory is fleeting.
  • PedzolaPedzola Posts: 988 ✭✭✭✭✭
    edited January 27, 2021 7:28AM

    Nice bullion coin. "Several years ago" the price paid may have been more representative of something higher end, but gold price has increased relative to usd over time, so you should now be able to sell it for more than you paid, even as a "details" coin. I say trade up to a nice ms63!

  • jwittenjwitten Posts: 5,059 ✭✭✭✭✭

    Really you have $739 into it... ebay bucks still count as real money.. you could have spent it on necessities, etc. But you did alright. These hardly ever go for just melt. Nice coin!

  • ashelandasheland Posts: 22,192 ✭✭✭✭✭

    You did well, I wouldn't bother slabbing it, it's worth the same either way...

  • SimpleCollectorSimpleCollector Posts: 536 ✭✭✭✭✭

    It was a learning experience. I remember buying raw Indians for $700 a number of years ago, so your cost basis sounds right. From my LCS experience, generic Indians in xf/au type condition can be gotten for melt plus 10% , but that price is hard to find. Today, you could find many that are slabbed online for $1150 -1300. Melt for $10 indian, looks to be $891 tonight. So you should be able to get that +-5% pretty easily. So due to the rise in gold , not really tuition, but a learning experience. If you want a nicer slabbed one, sell the one you have, invest $300 more and pick up a nice ms61-63.

    If you had bought slabbed back then, it would’ve cost you $200 -$300 more then top what you paid.

    The condition of yours doesn’t look overly attractive. You got a genuine indian for slightly over melt. If you want nicer coin, sell it for melt and pick up a slabbed one. I searched a few of the sights I follow , and didn’t see many at the low end of the price I mentioned, but One example I found to show you a comparison is at JJ Teaparty . They have a 1926 ms62+ for $1250.

  • jesbrokenjesbroken Posts: 8,710 ✭✭✭✭✭

    So you paid ebay bucks and $500. Were the ebay bucks $239? If so, your cost was the ebay bucks plus the $500. If you actually got it for a total of $500. Wow, great deal.

    When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln

    Patriotism is supporting your country all the time, and your government when it deserves it.
  • MetalMetal Posts: 122 ✭✭✭

    Thanks for the advice, everyone. I'm going to sell it and get a better coin.
    Re: eBay bucks being 'real money.'
    My company purchases quite a bit on ebay and other more traditional vendors. The ebay bucks I accumulate aren't from personal spending. Same with the Amex points I earn on reimbursable spending.
    A nice fringe benefit of my job. :)
    One thing I've noticed, once you notify ebay that an ebay account is tax-exempt, they turn off the bonus bucks spigot.
    Effectively putting an end to my easy, tax-free bonus bucks.

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