Lets talk gold coins(type prior to 33)

eagle7 · December 31, 2002 10:12PM

Happy New Year to all. I purchased a 1908 Five Indian in a PCGS 64 holder yesterday for 2185.00. I consider that to be quite a bargain. I will try to post a picture of it when it comes in. I can remember when I was selling 63 Five Indain's in PCGS holders for more than 1500.00 a coin. There are not many more to be graded either. These things just float around from NGC to PCGS and back. Im sure NGC's pop is inflated by 60 percent and PCGS's pop is not far behind that. Meaning these coins are an incredible bargain in both 63 and 64. So are lots of other gold series such as Liberty Eagles. Those coins in 64 at 800 to 900 each are way below what they were back in the early nineties. They will be going back soon! Dont wait until everyone is in line to buy. Then it will cost you plenty. I remember my old friend from whom I bought lots of nice raw gold from in the early nineties. He was in business when gold went above 800 an oz. He told me he had a line of people almost a block long waiting to buy every morning when it was 700 and above. Thats the way it is with the stock market also. Every one wants to buy when it is high. Bad move. Buy when it is low, not high. Anyway these gold type coins in 63 and 64 can be very beautiful. I buy PCGS mostly but some NGC in gold. I do like both of these grading services. Ive had some trouble with PCGS getting coins to make some times but I have never regretted buying a coin in one of their holders. If something is wrong, they will make it good.

merz2 · December 31, 2002 10:31PM

I have a PCGS 1928 MS63 Dbl Eagle and a PCGS 1928 MS62 1/2 Eagle Indian.They are beauties.I've seen them appreciate in value over the last few months.

darktone · December 31, 2002 10:37PM

Hi eagle7, pre 1933 gold coins are my favorite subject also. I often search old threads here for some good reading. I agree that it's probably a good time to buy these coins right now. Here's a $10 librty that I just sent in for grading. reverse. Post some pictures of your pre 33 gold. mike

eagle7 · December 31, 2002 10:49PM

Hello Merz2 and Darktone. I love to look for 20 Saints in the so called common dates in 62 and 63 holders which have beautiful copper toning. If you find them you can get some incredible bargains now. Also enjoyed Darktone's photos of the Ten LIb in 1893. Great date in 63 and 64 and this coin looks close to 64. Hard to tell the luster but it is certainly a nice coin. I am not on my home computer right now. I will post some of mine later. I have a Ten LIb in 1894 I just purchased two weeks ago in a PCGS 64 holder. I love these old gold coins and they are a bargain at all price levels. I can remember paying lots more money for these coins. That time will roll around again!

ms71 · January 1, 2003 12:03AM

I'm working on finishing up my 8-pc type set in PCGS64, along with adding an occasional gold dollar. Slow going, given the prices. My last three are the three Indians - I have what looks like a super PCGS64 $10 (1911) on the way, I already had an unbelievable 1910 in PCGS63, but am looking to have all high-end PCGS-64s. Should be here in a couple days. That will leave the two small Indians - I have great PCGS-63s of both, but will patiently search out super PCGS-64s. Most of what I see in the small Indians have one or two very deep marks, this is extremely common given the lack of raised rims. It took me a long time to find 63s completely free of nasty marks, and will no doubt take me longer to find 64s. There is a PGCS64 $2.50 (1929) up on ebay now, described as "PQ++", which is loaded with marks - my 63s are nicer to my eye. The only good news is the recent drop in greysheet prices on the commoner Indian $5s, but who knows how long that will last. So, anybody got a super-nice PCGS64 they want to part with, and maybe take a really nice 63 in trade?

Zerbe · January 1, 2003 2:07AM

Just yesterday I received an 1853 PCGS $2.5 in MS66. It was one of those rare surprises, where the coin looked a lot better than I thought it would. It was described in Coinworld as having a tremendous blast of luster, 98% full, or better strike. Eye appeal is 100%, etc. etc.. Also the coin is a POP 1, with only 3 65's, and none finer. This was only one of a few times that I did not even attempt to haggle on the price. The coin is so good it even looks like it would upgrade at some time. It is possible I may have overpaid for this coin in todays market, because I called immediately when I saw it and did not do the usual, previous auction realized prices search. But if I did overpay it can not be much considering the coin is gold and a finast known, and also being 150 years old. So as of today this little treasure is making me very happy...........Zerbe

Oh, I forgot to put the price===$7700. Maybe you gold buffs can tell me if I did good or bad??

darktone · January 1, 2003 2:36AM

Zerbe- cool! can you post a picture of it? I am not sure if you paid a good price or not as this type of coin is out of my price range but it sure sounds like it was worth it from your description! mike

Zerbe · January 1, 2003 2:53AM

MIke, I ordered a coolpix 4500 the other day, and it shoud be here shortly. Hopefully I will get the hang of it real quick, so I can post a picture or two.......Zerbe

tjkillian · January 1, 2003 2:57AM

I don't even consider gold coins made after 1933 to be coins but rather bullion. A year ago last Christmas, my wife bought me a really cool 1852-D half eagle in VF. I sent it to PCGS and they slabbed it VF-35. If pre-33 gold is cool, pre-war southern gold is especially cool.

Tom

eagle7 · January 1, 2003 2:58AM

Forget the price of gold. Gold can drop to 100 an oz and you have made a wise purchase. My humble opinion Zerbe.

darktone · January 1, 2003 3:02AM

<< <i>A year ago last Christmas, my wife bought me a really cool 1852-D half eagle in VF. >>

tjkillian,
statements like that make me think getting married might not be that bad

. mike

merz2 · January 1, 2003 3:02AM

I forgot to mention,jsut for fun I bought a 1854 1$ type one.I bought it because it was minted 100 tears before I was born.It only AU58,but nice.

cosmicdebris · January 1, 2003 3:06AM

PCGS MS64

MrKelso · January 1, 2003 3:06AM

I like the $20 Saints with Arabic Numerals in MS 63 and up and $20 Saints in general in the same grades. Remarkable Coins. I like them Raw only. One day i may send a few in for grading by NGC or PCGS but right now i am having to much fun finding them and accumulating Them ungraded by the big guys..

ms71 · January 1, 2003 3:38AM

Zerbe - wow! I noticed the piece in NACT's ad, but it was well out of my range. A very tough one to price, as I'm sure you know by now there are only two pre-1898s in the Heritage archives, aan 1861 PCGS66 at $5750 and an 1882 PCGS66 at $8050 (plus one that didn't sell). What you can draw from that, who knows? I think you kind of have to go by "feel" on one like that, having the finest known is a great catch. If you can afford it, what does it matter if you paid a little too much or too little if you love the coin. I too would love to see a picture posted.

Zerbe · January 1, 2003 3:55AM

ms71, thank you for doing that search. I never got time to do it yet.
After seeing that, I am now even happier with this purchase. Being the finast known with a full lustrous, knockout look, makes it a 'keeper'..............Zerbe

marcmoish · January 1, 2003 9:01AM

Silly question I guess, but do you get the obverse & reverse on one photo? Or does this involve special photo software??
Zerbe that piece must be dreamy, worth every penny...........

I've almost completed 12 pc type, (whatever 12 pc mean

in mostly PCGS 62-66.....ouch!

Marc

pmh1nic · January 1, 2003 9:12AM

Aah Gold! Saints, Indian Eagles, Southern Branch Mint and Carson City, John Reich Half Eagles...beauty, history and intrinsic value. I even like some of the modern "stuff":

Blade · January 1, 2003 9:26AM

Here is my 1907 Arabic $20 Saint NGC MS63. I LOVED the luster - the coin just explodes in light.

I am also working on a gold type set, I have 7 pieces. My plan is to close out the gold dollars in the next few months with 4 versions: Type I Open Wreath, Type I Closed Wreath and Types II & III. I have a very PQ MS62 Type III, and am going after the Type I's in 62 PQ and the Type II in AU58 proof like. The key is to be patient and only buy the very best in grade, exactly as eagle7 discusses.

OneYearTypes · January 1, 2003 9:45AM

Pre-49er gold is especially nice. Unfortunately the quality standards at Charlotte were horrendous. Again, i wish i could find someone who's particularly experienced at grading gold minted there.

Lets talk gold coins(type prior to 33)

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