That well worn and a relatively common date, it's likely OK. But you might be able to find a type piece with better detail, still circ, but in a slab on ebay or elsewhere. That way you don't have to wonder about its legitimacy. And if you want it raw - bust it out! Shouldn't matter a bit for a nice EF or AU common date.
I have around 70 pieces, most in slabs and a number of moderns raw. A few are high end pieces. I prefer Double Eagles and $50 Saints for the most part.
So I guess I can say I have "some gold".
"Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose." John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
When my grandfather dies many years ago, my grandmother and I went in the attic and we found an old "King Edward" wooden cigar box that had 42 "gold" coins in it. My grandmother gave it to me to keep as a momento, and it now sits quietly in a safe deposit box at the bank awaiting the day when I give it to my kids. It had some late 1800's Liberty Heads($10), and some early 1900's St. Gaudens($20), in it. As I know nothing about grading gold, we decided to just let them "be", and keep them for our kids when they get older. So I guess you could say I have a "gold" collection, albeit small!
World gold moderns mostly at or about 1 troy ounce each. Excellent condition with lots of beautiful designs. Too much premium on older US coins and not too good condition on cheaper old world gold coins.
I have a gold type set, minus a nice lib, ranging from xf-45 to ms63. I also have a fairly decent collection of Gold, and Gold Bullion coins from around the world, Mexican, American, French, etc.
Today's mighty oak is just yesterday's nut that held its ground.
I have 48 "old" gold coins that cover 23 major and minor types and a complete set of $2.50 Indian gold pieces. I have also all of the modern commemorative gold coins in Proof and few in Mint State in the a couple of double sets. I've also got a type set of the bullion gold coins in Proof and uncirculated. I guess I have almost 100 gold pieces in total.
Some of the gold coins are really not that expensive if you buy them in the circulated grades. A Liberty $5 gold sells for only about $125 in VF-EF, and I've sold certified AUs for quite a bit less than $200.
There are three problems with these lower grade gold pieces. (1) Collector interest in them is low, although I've found that the certified ones are easly sellers. The trouble is not many people "bite the bullet" and get them certified because it's hard to get your investment back. (2) there is a counterfeit problem with raw ones although it's not as bad as some people think. And (3) Once you have seen how nice these coins look in choice Mint State, you don't want the worn ones.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
I love my lower grade gold coins and the "character" they possess. I find it challenging to find the well worn coin that exhibits the right "look" without the telltale signs of having been cleaned. Sure, I like my few mint state coins, but I find myself looking at the lower graded ones much more often and pondering the places it travelled. Later, CCG
I was working on a gold type set. Actually I am still working on a complete US type set, but have put the gold on a back burner. I have about a dozen different pieces.
During the recent run up of gold I sold 3 generic pieces. I really am spoiled now and only want gems. But I will try to finish the minor types first -- I am only 1 Shield Nickel w/ Rays away from finishing nickels!
I collect gold. My first "investment grade" piece was a 1883 P $3.00 I picked up in 1995. I think the Indian Princess is one of the most beautiful coins out there-
K
Life is not measured by the number of breaths we take, but by the moments that take our breath away.
Hmmmmm have about a dozen pre 1807's in stock, a couple dozen civil war dates, another half doz 1850 DE...plus a lot of "stuff". Just back from a 2 + year sojourn in Asia. Lot's of things have changed and so have to do some
I have a complete modern Mint state set of commems and about 7oz of graded modern eagles. I'd really like to put together an early gold type set, I just love the looks of the gold coins. I'd trade off my eagles for older gold if the chance ever came around.
20th Centruy US gold major type set, A few 1/4 gold Britannias, 2000 US 4 coin Proof set, A few Modern US $5.00 Commems, Gold Soveriegn Modern Proof and 1902 Matte Proofs.
I collect gold coins. But actually LIKE the classic silver better. (pre 1808) I do like bust gold but presently only have one. Also have a weakness for large foreign gold. 8 escudo, 5 pounds, etc.
BUT..................... I gotta tellya.........................
Common $20 gold pieces are almost stupid cheap. Historically, the prices on twenties (when there is a "boom") is about double melt. They are now so little above common bullion coins that NOT getting them is sort of silly.
Course........forfeiting that .000031 % that one can get on savings and money markets is quite a risk.
I collect gold type and have 9 so far: Ty 1 Closed wreath $1 Ty 1 Open wreath $1 Ty 3 $1 Indian $2.50 Liberty $5 Indian $5 Indian $10 No motto Saint $20 Motto Saint $20
I intend to complete a full set of gold type coins
Tom
NOTE: No trees were killed in the sending of this message. However, a large number of electrons were terribly inconvenienced.
Type collector since 1981 Current focus 1855 date type set
My collection (small) is all gold. I started intending to go for nice high-end AUs, but once I bought a couple choice PCGS 64s, the focus shifted to mint state. It's a long wait between buys, but worth it.
My primarily collecting focuses are New Orleans and Carson City gold coins, but I also have a dozen or so generic date $20 Liberty and St. Gaudens, and bullion coins, mostly American $50 Eagles.
My first gold coin, the famous (NOT!) 1890 $2.50 ANACS Net XF-45, purchased by my father for me from Stack's in 1977 to reward my success in Pittsburgh's citywide spelling bee, may still be my favorite.
Comments
I have around 70 pieces, most in slabs and a number of moderns raw. A few are high end pieces. I prefer Double Eagles and $50 Saints for the most part.
So I guess I can say I have "some gold".
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
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ronsrarecoin.com
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My grandmother gave it to me to keep as a momento, and it now sits quietly in a safe deposit box at the bank awaiting the day when I give it to my kids.
It had some late 1800's Liberty Heads($10), and some early 1900's St. Gaudens($20), in it. As I know nothing about grading gold, we decided to just let them "be", and keep them for our kids when they get older.
So I guess you could say I have a "gold" collection, albeit small!
Some of the gold coins are really not that expensive if you buy them in the circulated grades. A Liberty $5 gold sells for only about $125 in VF-EF, and I've sold certified AUs for quite a bit less than $200.
There are three problems with these lower grade gold pieces. (1) Collector interest in them is low, although I've found that the certified ones are easly sellers. The trouble is not many people "bite the bullet" and get them certified because it's hard to get your investment back. (2) there is a counterfeit problem with raw ones although it's not as bad as some people think. And (3) Once you have seen how nice these coins look in choice Mint State, you don't want the worn ones.
My #1 Low Ball Peace Dollar Set
During the recent run up of gold I sold 3 generic pieces. I really am spoiled now and only want gems. But I will try to finish the minor types first -- I am only 1 Shield Nickel w/ Rays away from finishing nickels!
Life is not measured by the number of breaths we take, but by the
moments that take our breath away.
I will attach an image of a proof like gold dollar. These look something like the $3 but are smaller
Life is not measured by the number of breaths we take, but by the
moments that take our breath away.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
I'd trade off my eagles for older gold if the chance ever came around.
TBT
09/07/2006
The 1909-O Half Eagle in PCGS AU 53 and a 1895 Proof 65 Ultra Cameo Quarter Eagle in an NGC holder.
I love gold coins though. I think that a proof 20$ lib is the king of all Gold coins. That and Early quarter eagles.... Wow.
John
siliconvalleycoins.com
BUT..................... I gotta tellya.........................
Common $20 gold pieces are almost stupid cheap. Historically, the prices on twenties (when there is a "boom") is about double melt. They are now so little above common bullion coins that NOT getting them is sort of silly.
Course........forfeiting that .000031 % that one can get on savings and money markets is quite a risk.
heh heh
Just an OPINION.
John
siliconvalleycoins.com
With most of the threes in raw sets being phony, real ones in my opinion are very underrated.
Ty 1 Closed wreath $1
Ty 1 Open wreath $1
Ty 3 $1
Indian $2.50
Liberty $5
Indian $5
Indian $10
No motto Saint $20
Motto Saint $20
I intend to complete a full set of gold type coins
NOTE: No trees were killed in the sending of this message. However, a large number of electrons were terribly inconvenienced.
Type collector since 1981
Current focus 1855 date type set
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't no optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me....
My first gold coin, the famous (NOT!) 1890 $2.50 ANACS Net XF-45, purchased by my father for me from Stack's in 1977 to reward my success in Pittsburgh's citywide spelling bee, may still be my favorite.