@J2035 said:
When I stretch for a coin, i ask myself if it’s the coolest coin I could buy at that price point. $6,750 would be a huge stretch for me - an MS Philly QE just doesn’t meet that that criteria for me as a collector. Maybe if I had an investor mindset and a thesis around condition census / registry sets becoming more popular I would take a closer look.
If $6750 was a stretch for a collector i probably would not recommend the OP coin. If a collector had many five figure coins or higher, i would tell them to jump on the coin in the OP.
@J2035 said:
When I stretch for a coin, i ask myself if it’s the coolest coin I could buy at that price point. $6,750 would be a huge stretch for me - an MS Philly QE just doesn’t meet that that criteria for me as a collector. Maybe if I had an investor mindset and a thesis around condition census / registry sets becoming more popular I would take a closer look.
If $6750 was a stretch for a collector i probably would not recommend the OP coin. If a collector had many five figure coins or higher, i would tell them to jump on the coin in the OP.
Sure, but the pool of collectors who can spend $6,750 on a coin that’s not even in their focus area is very small.
Edited to add that your implicit assumption is 1) that this is an investment - as it’s outside that collector’s area of collecting or they would have already been aware of the opportunity and 2) that condition census gold quarter eagles represent a good value, again an investor mindset.
@J2035 said:
When I stretch for a coin, i ask myself if it’s the coolest coin I could buy at that price point. $6,750 would be a huge stretch for me - an MS Philly QE just doesn’t meet that that criteria for me as a collector. Maybe if I had an investor mindset and a thesis around condition census / registry sets becoming more popular I would take a closer look.
If $6750 was a stretch for a collector i probably would not recommend the OP coin. If a collector had many five figure coins or higher, i would tell them to jump on the coin in the OP.
Sure, but the pool of collectors who can spend $6,750 on a coin that’s not even in their focus area is very small.
Check out doug winter's site when he posts new purchases of lib quarter eagles and see how fast they go. Plenty of interest
@J2035 said:
When I stretch for a coin, i ask myself if it’s the coolest coin I could buy at that price point. $6,750 would be a huge stretch for me - an MS Philly QE just doesn’t meet that that criteria for me as a collector. Maybe if I had an investor mindset and a thesis around condition census / registry sets becoming more popular I would take a closer look.
If $6750 was a stretch for a collector i probably would not recommend the OP coin. If a collector had many five figure coins or higher, i would tell them to jump on the coin in the OP.
Sure, but the pool of collectors who can spend $6,750 on a coin that’s not even in their focus area is very small.
Check out doug winter's site when he posts new purchases of lib quarter eagles and see how fast they go. Plenty of interest
If there is so much interest, then why is this coin undervalued?
Clearly collectors are not particularly interested in this issue and the only way it becomes more valuable is for collector interest to change. It’s unlikely to change because it’s not a cool coin at $6,750 relative to alternatives.
@J2035 said:
When I stretch for a coin, i ask myself if it’s the coolest coin I could buy at that price point. $6,750 would be a huge stretch for me - an MS Philly QE just doesn’t meet that that criteria for me as a collector. Maybe if I had an investor mindset and a thesis around condition census / registry sets becoming more popular I would take a closer look.
If $6750 was a stretch for a collector i probably would not recommend the OP coin. If a collector had many five figure coins or higher, i would tell them to jump on the coin in the OP.
Sure, but the pool of collectors who can spend $6,750 on a coin that’s not even in their focus area is very small.
Check out doug winter's site when he posts new purchases of lib quarter eagles and see how fast they go. Plenty of interest
If there is so much interest, then why is this coin undervalued?
Clearly collectors are not particularly interested in this issue and the only way it becomes more valuable is for collector interest to change. It’s unlikely to change because it’s not a cool coin at $6,750 relative to alternatives.
You just have different taste. Thats fine. Please understand people have different taste than you as well. Your logic is that no coin can be undervalued because if there is more interest it would be more.
I sold about 15 coins like this one (some more , some less ) on Doug's site and all the coins sold in 24 hours. Again, the fact that his liberty QEs sell out so fast show a passionate base. But of course that doesnt stand up to your "its not a cool coin" analysis.
By the way, i posted a thread on here about a year and half ago predicting an explosive price increase for PCGS cac gold condition census coins. This was before the big price increases. There were many doubters there too.
@Gazes said:
the fact that his liberty QEs sell out so fast show a passionate base.
That is the most non-sensical statement I have read on this forum in quite some time.
The reason these CC quarter eagles are cheap relative to their rarity is that no-one (or at least, very few) collectors covet them, and I don't see that changing anytime soon, notwithstanding your limited experience on one author/dealer's website.
All gold and other collectible coins have gone up as there is a ton of cash in this country.
@Gazes said:
the fact that his liberty QEs sell out so fast show a passionate base.
That is the most non-sensical statement I have read on this forum in quite some time.
The reason these CC quarter eagles are cheap relative to their rarity is that no-one (or at least, very few) collectors covet them, and I don't see that changing anytime soon, notwithstanding your limited experience on one author/dealer's website.
All gold and other collectible coins have gone up as there is a ton of cash in this country.
I literally laughed out loud reading your statement that "no-one (or at least, very few) collectors covet them." I posted a thread hoping to get some intelligent conversation about a series that i find interesting. Instead there is alot of its not a "cool coin", "no-one covets them", etc. Thats fine. Ill keep my "limited experience" to myself. Its odd, when i see a coin or series that doesnt interest me, i never post how no one likes that coin or series. Good luck with your collection!
@J2035 said:
When I stretch for a coin, i ask myself if it’s the coolest coin I could buy at that price point. $6,750 would be a huge stretch for me - an MS Philly QE just doesn’t meet that that criteria for me as a collector. Maybe if I had an investor mindset and a thesis around condition census / registry sets becoming more popular I would take a closer look.
If $6750 was a stretch for a collector i probably would not recommend the OP coin. If a collector had many five figure coins or higher, i would tell them to jump on the coin in the OP.
Sure, but the pool of collectors who can spend $6,750 on a coin that’s not even in their focus area is very small.
Check out doug winter's site when he posts new purchases of lib quarter eagles and see how fast they go. Plenty of interest
If there is so much interest, then why is this coin undervalued?
Clearly collectors are not particularly interested in this issue and the only way it becomes more valuable is for collector interest to change. It’s unlikely to change because it’s not a cool coin at $6,750 relative to alternatives.
You just have different taste. Thats fine. Please understand people have different taste than you as well. Your logic is that no coin can be undervalued because if there is more interest it would be more.
I sold about 15 coins like this one (some more , some less ) on Doug's site and all the coins sold in 24 hours. Again, the fact that his liberty QEs sell out so fast show a passionate base. But of course that doesnt stand up to your "its not a cool coin" analysis.
By the way, i posted a thread on here about a year and half ago predicting an explosive price increase for PCGS cac gold condition census coins. This was before the big price increases. There were many doubters there too.
You’re undermining your own point. CAC gold has had a huge run up yet these QEs have not - that is strong evidence of little interest.
I never argued there was little interest in Doug Winter’s material - quite the opposite . I think you are intentionally glossing over the nuance and taking passive aggressive jabs on top of it. I think we all understand different collectors have different interests and that there are wealthy collectors for whom $6,750 is not a meaningful amount of money. My point stands - they are nor anyone else is interested in this issue and it’s unlikely to change for reasons articulated above.
@J2035 said:
When I stretch for a coin, i ask myself if it’s the coolest coin I could buy at that price point. $6,750 would be a huge stretch for me - an MS Philly QE just doesn’t meet that that criteria for me as a collector. Maybe if I had an investor mindset and a thesis around condition census / registry sets becoming more popular I would take a closer look.
If $6750 was a stretch for a collector i probably would not recommend the OP coin. If a collector had many five figure coins or higher, i would tell them to jump on the coin in the OP.
Sure, but the pool of collectors who can spend $6,750 on a coin that’s not even in their focus area is very small.
Check out doug winter's site when he posts new purchases of lib quarter eagles and see how fast they go. Plenty of interest
If there is so much interest, then why is this coin undervalued?
Clearly collectors are not particularly interested in this issue and the only way it becomes more valuable is for collector interest to change. It’s unlikely to change because it’s not a cool coin at $6,750 relative to alternatives.
You just have different taste. Thats fine. Please understand people have different taste than you as well. Your logic is that no coin can be undervalued because if there is more interest it would be more.
I sold about 15 coins like this one (some more , some less ) on Doug's site and all the coins sold in 24 hours. Again, the fact that his liberty QEs sell out so fast show a passionate base. But of course that doesnt stand up to your "its not a cool coin" analysis.
By the way, i posted a thread on here about a year and half ago predicting an explosive price increase for PCGS cac gold condition census coins. This was before the big price increases. There were many doubters there too.
You’re undermining your own point. CAC gold has had a huge run up yet these QEs have not - that is strong evidence of little interest.
. My point stands - they are nor anyone else is interested in this issue and it’s unlikely to change for reasons articulated above.
How can i argue with your objective argument. Being the novice, i will happily buy all condition census philadelphia QEs since no one "is interested". I will expect a discounted price to reflect the complete lack of interest in these coins. By the way, what do you collect? I may be interested in getting into some "cool" coins?
@J2035 said:
When I stretch for a coin, i ask myself if it’s the coolest coin I could buy at that price point. $6,750 would be a huge stretch for me - an MS Philly QE just doesn’t meet that that criteria for me as a collector. Maybe if I had an investor mindset and a thesis around condition census / registry sets becoming more popular I would take a closer look.
If $6750 was a stretch for a collector i probably would not recommend the OP coin. If a collector had many five figure coins or higher, i would tell them to jump on the coin in the OP.
Sure, but the pool of collectors who can spend $6,750 on a coin that’s not even in their focus area is very small.
Check out doug winter's site when he posts new purchases of lib quarter eagles and see how fast they go. Plenty of interest
If there is so much interest, then why is this coin undervalued?
Clearly collectors are not particularly interested in this issue and the only way it becomes more valuable is for collector interest to change. It’s unlikely to change because it’s not a cool coin at $6,750 relative to alternatives.
You just have different taste. Thats fine. Please understand people have different taste than you as well. Your logic is that no coin can be undervalued because if there is more interest it would be more.
I sold about 15 coins like this one (some more , some less ) on Doug's site and all the coins sold in 24 hours. Again, the fact that his liberty QEs sell out so fast show a passionate base. But of course that doesnt stand up to your "its not a cool coin" analysis.
By the way, i posted a thread on here about a year and half ago predicting an explosive price increase for PCGS cac gold condition census coins. This was before the big price increases. There were many doubters there too.
You’re undermining your own point. CAC gold has had a huge run up yet these QEs have not - that is strong evidence of little interest.
. My point stands - they are nor anyone else is interested in this issue and it’s unlikely to change for reasons articulated above.
How can i argue with your objective argument. Being the novice, i will happily buy all condition census philadelphia QEs since no one "is interested". I will expect a discounted price to reflect the complete lack of interest in these coins. By the way, what do you collect? I may be interested in getting into some "cool" coins?
Personal insults won’t help you win arguments - particularly on the internet. If you are interested in these coins, you should buy them.
@J2035 said:
When I stretch for a coin, i ask myself if it’s the coolest coin I could buy at that price point. $6,750 would be a huge stretch for me - an MS Philly QE just doesn’t meet that that criteria for me as a collector. Maybe if I had an investor mindset and a thesis around condition census / registry sets becoming more popular I would take a closer look.
If $6750 was a stretch for a collector i probably would not recommend the OP coin. If a collector had many five figure coins or higher, i would tell them to jump on the coin in the OP.
Sure, but the pool of collectors who can spend $6,750 on a coin that’s not even in their focus area is very small.
Check out doug winter's site when he posts new purchases of lib quarter eagles and see how fast they go. Plenty of interest
If there is so much interest, then why is this coin undervalued?
Clearly collectors are not particularly interested in this issue and the only way it becomes more valuable is for collector interest to change. It’s unlikely to change because it’s not a cool coin at $6,750 relative to alternatives.
You just have different taste. Thats fine. Please understand people have different taste than you as well. Your logic is that no coin can be undervalued because if there is more interest it would be more.
I sold about 15 coins like this one (some more , some less ) on Doug's site and all the coins sold in 24 hours. Again, the fact that his liberty QEs sell out so fast show a passionate base. But of course that doesnt stand up to your "its not a cool coin" analysis.
By the way, i posted a thread on here about a year and half ago predicting an explosive price increase for PCGS cac gold condition census coins. This was before the big price increases. There were many doubters there too.
You’re undermining your own point. CAC gold has had a huge run up yet these QEs have not - that is strong evidence of little interest.
. My point stands - they are nor anyone else is interested in this issue and it’s unlikely to change for reasons articulated above.
How can i argue with your objective argument. Being the novice, i will happily buy all condition census philadelphia QEs since no one "is interested". I will expect a discounted price to reflect the complete lack of interest in these coins. By the way, what do you collect? I may be interested in getting into some "cool" coins?
Personal insults won’t help you win arguments - particularly on the internet. If you are interested in these coins, you should buy them.
I dont see any insults on my end. You mentioned that the OP coin wasnt "cool" and i was curious what coins you collect? For the record, i never make judgments what other people collect.
@J2035 said:
When I stretch for a coin, i ask myself if it’s the coolest coin I could buy at that price point. $6,750 would be a huge stretch for me - an MS Philly QE just doesn’t meet that that criteria for me as a collector. Maybe if I had an investor mindset and a thesis around condition census / registry sets becoming more popular I would take a closer look.
If $6750 was a stretch for a collector i probably would not recommend the OP coin. If a collector had many five figure coins or higher, i would tell them to jump on the coin in the OP.
Sure, but the pool of collectors who can spend $6,750 on a coin that’s not even in their focus area is very small.
Check out doug winter's site when he posts new purchases of lib quarter eagles and see how fast they go. Plenty of interest
If there is so much interest, then why is this coin undervalued?
Clearly collectors are not particularly interested in this issue and the only way it becomes more valuable is for collector interest to change. It’s unlikely to change because it’s not a cool coin at $6,750 relative to alternatives.
You just have different taste. Thats fine. Please understand people have different taste than you as well. Your logic is that no coin can be undervalued because if there is more interest it would be more.
I sold about 15 coins like this one (some more , some less ) on Doug's site and all the coins sold in 24 hours. Again, the fact that his liberty QEs sell out so fast show a passionate base. But of course that doesnt stand up to your "its not a cool coin" analysis.
By the way, i posted a thread on here about a year and half ago predicting an explosive price increase for PCGS cac gold condition census coins. This was before the big price increases. There were many doubters there too.
You’re undermining your own point. CAC gold has had a huge run up yet these QEs have not - that is strong evidence of little interest.
. My point stands - they are nor anyone else is interested in this issue and it’s unlikely to change for reasons articulated above.
How can i argue with your objective argument. Being the novice, i will happily buy all condition census philadelphia QEs since no one "is interested". I will expect a discounted price to reflect the complete lack of interest in these coins. By the way, what do you collect? I may be interested in getting into some "cool" coins?
Personal insults won’t help you win arguments - particularly on the internet. If you are interested in these coins, you should buy them.
I dont see any insults on my end. You mentioned that the OP coin wasnt "cool" and i was curious what coins you collect? For the record, i never make judgments what other people collect.
No I didn’t. I said it wasn’t the coolest coin at a $6,750 price point for my personal collection.
@J2035 said:
When I stretch for a coin, i ask myself if it’s the coolest coin I could buy at that price point. $6,750 would be a huge stretch for me - an MS Philly QE just doesn’t meet that that criteria for me as a collector. Maybe if I had an investor mindset and a thesis around condition census / registry sets becoming more popular I would take a closer look.
If $6750 was a stretch for a collector i probably would not recommend the OP coin. If a collector had many five figure coins or higher, i would tell them to jump on the coin in the OP.
Sure, but the pool of collectors who can spend $6,750 on a coin that’s not even in their focus area is very small.
Check out doug winter's site when he posts new purchases of lib quarter eagles and see how fast they go. Plenty of interest
If there is so much interest, then why is this coin undervalued?
Clearly collectors are not particularly interested in this issue and the only way it becomes more valuable is for collector interest to change. It’s unlikely to change because it’s not a cool coin at $6,750 relative to alternatives.
You just have different taste. Thats fine. Please understand people have different taste than you as well. Your logic is that no coin can be undervalued because if there is more interest it would be more.
I sold about 15 coins like this one (some more , some less ) on Doug's site and all the coins sold in 24 hours. Again, the fact that his liberty QEs sell out so fast show a passionate base. But of course that doesnt stand up to your "its not a cool coin" analysis.
By the way, i posted a thread on here about a year and half ago predicting an explosive price increase for PCGS cac gold condition census coins. This was before the big price increases. There were many doubters there too.
You’re undermining your own point. CAC gold has had a huge run up yet these QEs have not - that is strong evidence of little interest.
. My point stands - they are nor anyone else is interested in this issue and it’s unlikely to change for reasons articulated above.
How can i argue with your objective argument. Being the novice, i will happily buy all condition census philadelphia QEs since no one "is interested". I will expect a discounted price to reflect the complete lack of interest in these coins. By the way, what do you collect? I may be interested in getting into some "cool" coins?
Personal insults won’t help you win arguments - particularly on the internet. If you are interested in these coins, you should buy them.
I dont see any insults on my end. You mentioned that the OP coin wasnt "cool" and i was curious what coins you collect? For the record, i never make judgments what other people collect.
No I didn’t. I said it wasn’t the coolest coin at a $6,750 price point for my personal collection.
No worries. I sincerely mean good luck with your collection.
@J2035 said:
When I stretch for a coin, i ask myself if it’s the coolest coin I could buy at that price point. $6,750 would be a huge stretch for me - an MS Philly QE just doesn’t meet that that criteria for me as a collector. Maybe if I had an investor mindset and a thesis around condition census / registry sets becoming more popular I would take a closer look.
If $6750 was a stretch for a collector i probably would not recommend the OP coin. If a collector had many five figure coins or higher, i would tell them to jump on the coin in the OP.
Hi Gazes,
Thank you for sharing this nugget of information about the 1849 2 1/2 gold.
About 2 years ago, I started collecting 5.00 Liberty gold, which has a lot in common with the 2.50s by having undervalued Philly coins as well. I also collect by scarcity, like you do. One coin I see is the 1889. In MS-63 there are only two finer in MS-64. PCGS coin facts shows 5.5K, not quite sure what it would actually cost since the last once auctioned was in 2014. Only five are graded in MS-63. There are 400 total estimated in all grades.
I buy rarer dates than the 1889, but in AU-50 and AU-55. I'm converting my collection to a box of 10 or 20 coins,
It's not diversified and I do care about value, but when you buy very scarce coins they tend to go up even with a thinner market. I agree the interest in date and mm 2.50s and 5.00s are heating up.
I posted a thread hoping to get some intelligent conversation about a series that i find interesting. Instead there is alot of its not a "cool coin", "no-one covets them", etc. Thats fine. Ill keep my "limited experience" to myself. Its odd, when i see a coin or series that doesnt interest me, i never post how no one likes that coin or series. Good luck with your collection!
You did not start this thread hoping to get intelligent conversation about a series you find interesting. If that were the case, you would have described some aspect of the series that you find of interest (be it historical, whimsical, or otherwise). Instead your OP described how a particular coin in this series, in CC condition, at $6750 was affordable and implied it was a good value at that price. I gave you the reasons I disagree. That does not at all mean I find the series uninteresting.
@J2035 said:
When I stretch for a coin, i ask myself if it’s the coolest coin I could buy at that price point. $6,750 would be a huge stretch for me - an MS Philly QE just doesn’t meet that that criteria for me as a collector. Maybe if I had an investor mindset and a thesis around condition census / registry sets becoming more popular I would take a closer look.
If $6750 was a stretch for a collector i probably would not recommend the OP coin. If a collector had many five figure coins or higher, i would tell them to jump on the coin in the OP.
Hi Gazes,
Thank you for sharing this nugget of information about the 1849 2 1/2 gold.
About 2 years ago, I started collecting 5.00 Liberty gold, which has a lot in common with the 2.50s by having undervalued Philly coins as well. I also collect by scarcity, like you do. One coin I see is the 1889. In MS-63 there are only two finer in MS-64. PCGS coin facts shows 5.5K, not quite sure what it would actually cost since the last once auctioned was in 2014. Only five are graded in MS-63. There are 400 total estimated in all grades.
I buy rarer dates than the 1889, but in AU-50 and AU-55. I'm converting my collection to a box of 10 or 20 coins,
It's not diversified and I do care about value, but when you buy very scarce coins they tend to go up even with a thinner market. I agree the interest in date and mm 2.50s and 5.00s are heating up.
Interesting post. That 1889 date in $5 is exactly the type of coin i think has value and little downside. Also, if you look at the cac census there is 1 in ms63 and the only thing higher is the ms67. Im guessing that 1889 ms63 cac will only get more valuable as registry collectors who only buy cac will want it as the the top coin that is "affordable". Another issue is some of these dates in condition census so seldomly come up for auction, pricing is difficult
@jmlanzaf said:
Everyone should have the same luxury... only spend what you can afford to lose.
Everybody does have that luxury, but that's not always good enough. What some people want is a way to justify to themselves spending more than they can afford to lose. "It's an investment!"
Actually, it's a gamble, not an investment. Yes, investments can lose money; but, that's not why they were made.
Great conversation for the most part. I personally take a sort of hybrid approach to collecting in navigating risk. On the one hand, you have individuals that put numismatic value above all else; on the other hand, you have individuals that focus more on the commodity aspect of coins that is tied up in precious metals' prices. That is why I collect pre-1933 US gold that does NOT include any exceptionally rare dates. I think of my purchases in terms of the ratio of a coin's numismatic value to its commodity value. Obviously the value will always be at least 1, since the numismatic value includes the commodity value by default. I try not to buy anything with a value of 2 or more. So, the most expensive gold coin I would buy would be something like a CC $20 gold piece that I can get for around $4000--just to use some broad estimation.
@stownsin said:
Great conversation for the most part. I personally take a sort of hybrid approach to collecting in navigating risk. On the one hand, you have individuals that put numismatic value above all else; on the other hand, you have individuals that focus more on the commodity aspect of coins that is tied up in precious metals' prices. That is why I collect pre-1933 US gold that does NOT include any exceptionally rare dates. I think of my purchases in terms of the ratio of a coin's numismatic value to its commodity value. Obviously the value will always be at least 1, since the numismatic value includes the commodity value by default. I try not to buy anything with a value of 2 or more. So, the most expensive gold coin I would buy would be something like a CC $20 gold piece that I can get for around $4000--just to use some broad estimation.
Generally, the gold coins I collect don't have huge premiums over spot, so as the price of gold drops, so does the price of the coin. For example, if I were looking at a $20 Saint for a type set at MS-63, I might be able to get one of those just shy of $2000 right now. If gold were to drop to $1600, I would probably be able to get that same Saint at around $1800, let's say. The ratio should not fluctuate too much for the Saints. I would use a different ratio of Indian Heads--say 3. The gold content in a quarter eagle is roughly 1/8th of an ounce (a bit less). So, the gold content in theory is around $230 right now. However, I probably can't get a MS62 type of this coin for $460, so I would go a bit above in this case.
It is just a shorthand system of sorts that I have used that has helped guide my purchases.
Comments
If $6750 was a stretch for a collector i probably would not recommend the OP coin. If a collector had many five figure coins or higher, i would tell them to jump on the coin in the OP.
Sure, but the pool of collectors who can spend $6,750 on a coin that’s not even in their focus area is very small.
Edited to add that your implicit assumption is 1) that this is an investment - as it’s outside that collector’s area of collecting or they would have already been aware of the opportunity and 2) that condition census gold quarter eagles represent a good value, again an investor mindset.
Check out doug winter's site when he posts new purchases of lib quarter eagles and see how fast they go. Plenty of interest
If there is so much interest, then why is this coin undervalued?
Clearly collectors are not particularly interested in this issue and the only way it becomes more valuable is for collector interest to change. It’s unlikely to change because it’s not a cool coin at $6,750 relative to alternatives.
You just have different taste. Thats fine. Please understand people have different taste than you as well. Your logic is that no coin can be undervalued because if there is more interest it would be more.
I sold about 15 coins like this one (some more , some less ) on Doug's site and all the coins sold in 24 hours. Again, the fact that his liberty QEs sell out so fast show a passionate base. But of course that doesnt stand up to your "its not a cool coin" analysis.
By the way, i posted a thread on here about a year and half ago predicting an explosive price increase for PCGS cac gold condition census coins. This was before the big price increases. There were many doubters there too.
That is the most non-sensical statement I have read on this forum in quite some time.
The reason these CC quarter eagles are cheap relative to their rarity is that no-one (or at least, very few) collectors covet them, and I don't see that changing anytime soon, notwithstanding your limited experience on one author/dealer's website.
All gold and other collectible coins have gone up as there is a ton of cash in this country.
I literally laughed out loud reading your statement that "no-one (or at least, very few) collectors covet them." I posted a thread hoping to get some intelligent conversation about a series that i find interesting. Instead there is alot of its not a "cool coin", "no-one covets them", etc. Thats fine. Ill keep my "limited experience" to myself. Its odd, when i see a coin or series that doesnt interest me, i never post how no one likes that coin or series. Good luck with your collection!
You’re undermining your own point. CAC gold has had a huge run up yet these QEs have not - that is strong evidence of little interest.
I never argued there was little interest in Doug Winter’s material - quite the opposite . I think you are intentionally glossing over the nuance and taking passive aggressive jabs on top of it. I think we all understand different collectors have different interests and that there are wealthy collectors for whom $6,750 is not a meaningful amount of money. My point stands - they are nor anyone else is interested in this issue and it’s unlikely to change for reasons articulated above.
How can i argue with your objective argument. Being the novice, i will happily buy all condition census philadelphia QEs since no one "is interested". I will expect a discounted price to reflect the complete lack of interest in these coins. By the way, what do you collect? I may be interested in getting into some "cool" coins?
Personal insults won’t help you win arguments - particularly on the internet. If you are interested in these coins, you should buy them.
I dont see any insults on my end. You mentioned that the OP coin wasnt "cool" and i was curious what coins you collect? For the record, i never make judgments what other people collect.
No I didn’t. I said it wasn’t the coolest coin at a $6,750 price point for my personal collection.
No worries. I sincerely mean good luck with your collection.
@Gazes said:
Hi Gazes,
Thank you for sharing this nugget of information about the 1849 2 1/2 gold.
About 2 years ago, I started collecting 5.00 Liberty gold, which has a lot in common with the 2.50s by having undervalued Philly coins as well. I also collect by scarcity, like you do. One coin I see is the 1889. In MS-63 there are only two finer in MS-64. PCGS coin facts shows 5.5K, not quite sure what it would actually cost since the last once auctioned was in 2014. Only five are graded in MS-63. There are 400 total estimated in all grades.
I buy rarer dates than the 1889, but in AU-50 and AU-55. I'm converting my collection to a box of 10 or 20 coins,
It's not diversified and I do care about value, but when you buy very scarce coins they tend to go up even with a thinner market. I agree the interest in date and mm 2.50s and 5.00s are heating up.
You did not start this thread hoping to get intelligent conversation about a series you find interesting. If that were the case, you would have described some aspect of the series that you find of interest (be it historical, whimsical, or otherwise). Instead your OP described how a particular coin in this series, in CC condition, at $6750 was affordable and implied it was a good value at that price. I gave you the reasons I disagree. That does not at all mean I find the series uninteresting.
Interesting post. That 1889 date in $5 is exactly the type of coin i think has value and little downside. Also, if you look at the cac census there is 1 in ms63 and the only thing higher is the ms67. Im guessing that 1889 ms63 cac will only get more valuable as registry collectors who only buy cac will want it as the the top coin that is "affordable". Another issue is some of these dates in condition census so seldomly come up for auction, pricing is difficult
Actually, it's a gamble, not an investment. Yes, investments can lose money; but, that's not why they were made.
i was curious what coins you collect?
Great conversation for the most part. I personally take a sort of hybrid approach to collecting in navigating risk. On the one hand, you have individuals that put numismatic value above all else; on the other hand, you have individuals that focus more on the commodity aspect of coins that is tied up in precious metals' prices. That is why I collect pre-1933 US gold that does NOT include any exceptionally rare dates. I think of my purchases in terms of the ratio of a coin's numismatic value to its commodity value. Obviously the value will always be at least 1, since the numismatic value includes the commodity value by default. I try not to buy anything with a value of 2 or more. So, the most expensive gold coin I would buy would be something like a CC $20 gold piece that I can get for around $4000--just to use some broad estimation.
But if gold drops, your suddenly over 2
Generally, the gold coins I collect don't have huge premiums over spot, so as the price of gold drops, so does the price of the coin. For example, if I were looking at a $20 Saint for a type set at MS-63, I might be able to get one of those just shy of $2000 right now. If gold were to drop to $1600, I would probably be able to get that same Saint at around $1800, let's say. The ratio should not fluctuate too much for the Saints. I would use a different ratio of Indian Heads--say 3. The gold content in a quarter eagle is roughly 1/8th of an ounce (a bit less). So, the gold content in theory is around $230 right now. However, I probably can't get a MS62 type of this coin for $460, so I would go a bit above in this case.
It is just a shorthand system of sorts that I have used that has helped guide my purchases.