Fair value for net graded Early gold (1799 eagle)

northcoin

I have been offered a net graded (ANACS) early gold $10 1799 piece for a price between fine and XF. ANACS describes it as AU details, net graded to XF because of cleaning and tooling. There seem to be two schools of thought. One is that a net graded coin is the value of the net grade. The other is that since the coin would have been body bagged by NGC or PCGS due to cleaning/tooling it is worth at most the next lowest grade. How do those of you buying or selling look at assigning a fair value for net graded coins? If you are a dealer would you pay XF money to acquire a coin net graded to XF as above described? When it comes to selling ANACS net graded coins is there a buyers market out there willing to pay at least the net grade value for same?

Nysoto

Check prices realized infomation for net graded early eagles, Heritage is probably the best and easiest to use. I bid on a few early gold problem coins a year ago, but gave up when it became clear I would have to pay $2000+ for an ex-jewelry, tooled and cleaned early eagle.

coinlieutenant

Dont buy it unless you can get it for VF money. That is a type of coin that if you pay XF money for it, you'll take it to the grave. Lower end collectors cant afford XF money and high end collectors want unmessed with coins.


My opinion.
JOhn

topstuf

Sounds like the seller is offering it at about VF which should be fair.

"Net" on really RARE stuff is always saleable as there aren't a bunch of ANY grade around.

I have a NET hi relief and like it just for the design. I knew it would net as I bought it IN a brooch.

That 1799 has a huge POSITIVE as at least you know that the most counterfeited date is REAL.

northcoin

Thanks for the responses. Welcome any further thoughts from other posters. In what range would you as a.) a dealer or b.) as a collector pay for an ANACS slabbed net-graded XF 1799 $10 that had AU details and was cleaned and tooled?

BillJones

Cleaned does not bother me nearly as much as tooled. One can't really put a price on these coins without seeing them.

In general such coins should sell for cheap money unless the tooling is really minor. An earlier post put it best. Low end buyers respect wear a lot more than they do alterations. High end buyers avoid such coins completely unless they are very rare. A 1799 ealge is one of the most common dates in the series.

coinkat

I think that you would be better off passing on the coin.

lordmarcovan

<< <i>When it comes to selling ANACS net graded coins is there a buyers market out there willing to pay at least the net grade value for same? >>



There are net grades, and then there are net grades. Knowhutimean?

The problem about problems is, they vary in type and severity and there is no standard way to grade them.

Generally speaking, cleaning on a 1799 eagle wouldn't bother me. Tooling probably would.

michael

my feelings exactly


PASS

sincerely michael

dorkkarl

if you are a collector, then there is a very simple way for you to answer your own question. simply ask yourself this:

do you like the coin? i mean really really like it?

if you do, if you can honestly answer "yes", then buy it.

you don't need the forum, or anacs, to tell you what you may or may not buy, or what you are allowed to enjoy. just be honest w/ yourself & answer that question

K S

pmh1nic

The vast majority of early gold has been cleaned to some extent but tooling is another matter. As others have mentioned it's difficult to make a judgement without actually seeing the coin.

Barry

Topstuff,
I know the 1799 bust dollars are highly counterfeited. That true of the Eagles as well?

dorkkarl

early gold is not counterfeited nearly to the extent as your example

K S

northcoin

which example are you referring to??

topstuf

Barry, the 1799 eagle fakes are not nearly as prevalent as the 1799 dollar ones, but the 1799 is the most counterfeited of that type of eagle.