New Twin Dahlonega $5's...

RYK · November 8, 2003 6:34AM

...thanks to Gold Rush Gallery.

Fatman,

Can you show us the picture of the missing date?

coinlieutenant · November 8, 2003 6:37AM

Nice get Robert!!!

FatMan · November 8, 2003 6:40AM

RYK

Sorry, my scanner crapped out a few weeks ago. Waiting for Christmas to get digital camera. Your bookends to my 58-D XF45 look great.

relayer · November 8, 2003 6:41AM

"D" gold is very cool.

mgoodm3 · November 8, 2003 6:46AM

I want one of those. Those are cool.

RYK · November 8, 2003 6:48AM

mgoodm3,

Every rad should have at least one!

ms70 · November 8, 2003 6:56AM

I've been looking for an exact specimen of the coin on the left for ages. (date, denomination, mint & grade). Congrats on stealing my coin!

Enjoy them!

Have a link to the dealer? Maybe he has one left for me!

RYK · November 8, 2003 8:23AM

The dealer is Gold Rush Gallery/ Al Adams. His website is www.goldrushgallery.com.

If you are willing/able to go up to AU58, Doug Winter is offering this beautiful one on his website (www.raregoldcoins.com):

Personally, I think the Dahlonega $5's from the 1850's are way underrated compared to this issues from the mid to late 1840's. I see one 1850's issue for auction for every 1843/1845!

darktone · November 8, 2003 8:32AM

Nice coins guy's! Robert are you going after the complete set of Dahlonega $5 liberty's? mike

RYK · November 8, 2003 8:38AM

Robert are you going after the complete set of Dahlonega $5 liberty's?

Yup. Eight down, eighteen to go. Unfortunately, I still need the keys (61-D, 42-D LD) and semi-keys (39-D, 40-D). Do you dabble in "D", Mike?

darktone · November 8, 2003 8:54AM

That will be a nice set! Yes the 61-D will be an expensive one but it really looks like a do-able set. I am collecting a set of $5 liberty's in ms64-65 from 1900-1908 and my initial intent was to get them all with shades of toning. I still collect other gold though but I don't have any D coins other than the denver variety. mike

cointagious · November 8, 2003 8:58AM

<< <i>Doug Winter is offering this beautiful one on his website >>

beautiful? i think not. as winter writes in his book, this date has poor eye appeal and one of the reasons is numismatic abuse. if you look carefully you'll see a harsh wiping beneath those 'original' surfaces. while i agree with the grade, and it may actually be a bit better in absolute terms, the coin needs to be worked.

FatMan · November 8, 2003 11:23AM

<< <i>beautiful? i think not. as winter writes in his book, this date has poor eye appeal and one of the reasons is numismatic abuse. if you look carefully you'll see a harsh wiping beneath those 'original' surfaces. while i agree with the grade, and it may actually be a bit better in absolute terms, the coin needs to be worked. >>

Beauty is in the eye of the beholder. Yes, to find a D mint piece that has never been cleaned is indeed a feat and you are correct that the 57-D is known for poor eye appeal. The surface problems are mostly attributed to the poor quality of the planchets as well as the general inefficencies at the mint.

To claim a harsh wiping from that pic may be putting the cart before the horse. Without seeing the coin in hand I can not tell if what you have determined is a harsh wipe is not in fact surface imperfections as a result of poor planchet quality. Doug Winter is one of the foremost experts in Dahlonega Coins and he is very critical when it comes to numismatic abuse (harsh cleaning). I don't believe he would offer a harshly wiped coin on his web site without disclosing the problem. I will hold judgement on this potentially "beautiful" coin until I see it in person.

RYK · November 8, 2003 11:36AM

beautiful? i think not. as winter writes in his book, this date has poor eye appeal and one of the reasons is numismatic abuse. if you look carefully you'll see a harsh wiping beneath those 'original' surfaces. while i agree with the grade, and it may actually be a bit better in absolute terms, the coin needs to be worked.

I have purchased a number of coins from DW. They have all been accurately represented and at a fair price. I expect that the 57-D is, as well.

Dahlonega · November 8, 2003 11:51AM

Doug is among the top five graders of gold coins that I have met in over four decades of collecting. Also, I have never purchased a coin from him that he did not describe accurately. I trust him and respect his numismatic abilities especially grading coins and writing books/articles. His articles are amazingly insightful. A disclaimer I do consider Doug a friend.

SG58 · November 13, 2003 4:39AM

RYK,

I'm jealous. That 1857-D is one coin I just can't seem to find anywhere.

RYK · November 13, 2003 4:56AM

SG58,

Welcome to the boards. Are you a Dahlonega collector?

SG58 · November 13, 2003 5:12AM

RYK,

Yes. I collect Dahlonega. Mostly fives, but I have a few 2 1/2's and a couple of gold dollars.

ohbaby · November 13, 2003 5:24AM

I find 95% Dahlonega coins to be "ugly" for the grade. These coins were circulated and heavily used and then cleaned as they came into collector hands over the years. Finding an original coin versus original looking is virtually impossible. These are rare coins and collected for that feature versus their "beauty". If you want a beauty of a Liberty $5 you can select many other dates and get them in 65 for the fraction of an au58 57-d. Still the coins do have a loyal following and I have a few which has gone up substantial....maybe time to sell.

RYK · November 13, 2003 7:26AM

SG,

I sent you a private message. Look up to the left upper part of your screen and click on "1 new message"

Glad to have another southern gold collector on board!

Robert

mrcommem · November 13, 2003 8:48AM

Hello SG58,

I see you have picked out my icon. You are welcome to use it. It is one one my favorite Dahlonega pieces. It is an 1847-D half eagle AU55 from the North Georgia collection. Jack Han@ock bid for me at the North Georgia auction back in Jan 99.

tjkillian · November 13, 2003 8:59AM

Dahlonega is a cool mint! I went to the mint itself this past August. The history is so interesting. It is true that PCGS is VERY lienient on D mint coins.

Tom

RYK · November 13, 2003 9:38AM

Ohbaby,
I guess beauty is in the eye of the beholder. Sure, a sparkling MS-65 late-date Liberty is quite nice, but they are also easy to come by. I collect coins in large part for historic value and am particularly interested in No Motto $5's and $10's. I would prefer an original surface XF-40 "D" $5 any day. To each his own.

TJ,
I would grade that VF-35. How did I do compared with PCGS? Nice coin, btw. If you tire of it...

Robert

DaveG · November 13, 2003 10:04AM

Hey all you Dahlonega fans - I hope you're all members of the Southern Gold Society, a new (two years old) Internet-based coin club! If not. . .

We offer an interesting (and getting more interesting with each issue) eNewsletter, an annual meeting at the Georgia Numismatic Association coin show and other less formal meetings during the year.

I'm sure RYK will join me in saying it's a great club!

PM me your e-mail address and I'll send you the latest eNewsletter.

tjkillian · November 13, 2003 10:34AM

I would have graded it VF-20, but you are correct, PCGS graded it VF-35.

How could I be tired of it if I'm still alive?????? Wait another 75 years until my grandchildren are born and then we can talk.

Tom

Dahlonega · November 13, 2003 10:38AM

I'm on top of the world reading this thread. Part of the allure of Dahlonega coins is the difficult circumstances they were made under thus the special appearance...Dahlonega coins are truly scarce but they have run up in price and the optimistically graded 'processed' coins will probably have a correction when the market turns. For the discriminating collector that's willing to be patient and await coins with some 'originality', build his collection gradually over the years I think his coins will maintain there value and pay many years of dividends in enjoyment. PS I borrowed Mr. Commem's avitar the first year I was on the boards hope he doesn't start charging rent...I know if he ever wants to sell this coin there will be people standing in line-including me.

RYK · November 13, 2003 10:38AM

Tom,

Grade inflation at PCGS, just like Harvard! I hope you enjoy your Dahlonega $5 for the next 75 years, and then some. I know that once I acquired my first, it would not be my last.

Robert

CarsonCityGold · November 13, 2003 10:45AM

RYK, VERY Nice additions !! They both have a great look to them. I added a 73CC $5 recently. Check it out if you get a chance. Really shows the strange weak strike of that year CC $5. Later, CCG

RYK · November 13, 2003 10:55AM

Jimmy,

Nice pick-up. You know, I regularly search ebay for well-circulated CC, D, and C mint coins and never seems to find them--or they are over-graded/over-priced. Continued good luck with your set.

Robert

P.S. I think you should also consider joining the SGS...with DW on board, there is a strong branch mint emphasis. It might be interesting to include S and CC mint collectors, as well.

Dahlonega · November 13, 2003 11:05AM

Nice coins all..CCG we consider Carson City gold collectors as double first cousins...you're family. Jump on into the Southern Gold Society. Will admit to staying hitched to Dahlonega for over 40 years but rarely I have been unfaithful. Most recently a one night stand with a Carson City half eagle that is going into my deep six collection [these are coins that probably won't see the light of day until I'm pushing up daisies]. If FC57 will be around this weekend I'll ask him to image the coin. It's was 1979 when I last bought a Carson City gold coin.

RYK · November 27, 2004 10:42AM

The twins were separated earlier this year. Big mistake. I now wish I had kept the 59-D $5.

I thought that my update would be a good excuse to add any comments, pics, or questions about Dahlonega gold speciafically, or more generally, branch mint gold. Fire away.

Link to 42-D $5 LD, my most recent Dahlonega purchase

Louis · November 27, 2004 10:54AM

I saw a very nice 1851 D $5(PCGS AU 58) that belongs to a fellow board member at a local coin show here today. Needless to say, I was envious.

FatMan · November 27, 2004 11:00AM

Here's the center for the bookends. Sorry to hear that 59-D has been sent to a new home.

edited: been out in the woods too long and forgot how to post a pic.

RYK · November 27, 2004 11:02AM

The only consolation is that the 57-D remains one of my favs. I have a much better picture of it now, too:

Dahlonega · November 27, 2004 11:03AM

Nice original D mint coinage is becoming less available especially the key dates and one year type coins. I don't remember seeing an original 55-D G$1 since FUN [and the Green Pond specimens were high grade and very expensive]. I have noted more AU quarter eagles available [I suspect secondary to the relative high price of these coins]. However affordable, original VF/XF five's are in demand.

RYK · November 27, 2004 11:11AM

However affordable, original VF/XF five's are in demand.

When I talked to DW about it a few months ago, he said that he thought the market could easily absorb 200 circulated Dahlonega $5's.

Reece · November 27, 2004 11:46AM

Hi RYK-Very nice 57-D and 59-D $5 I must have missed this thread a while ago!! I think I saw one of these coins at the Las Vegas show when I was talking to Al and David!! Nice catch.

mrcommem · December 1, 2004 1:08PM

Nice looking 57-D half eagle. It almost makes me want to try to complete the Dahlonega Half eagles, but still trying to complete the 9-piece type. NO luck in finding a 39-D quarter eagle. I thought I had one but it was a AU53 and went for too much money. I think the same coin is already up for auction again at the FUN show but it has no picture yet. I really prefer a AU55 or 58. Good luck on finishing your half eagles.

relayer · December 1, 2004 1:15PM

Very nice

Tassa · December 1, 2004 2:26PM

I like 'em. Nice indeed.

New Twin Dahlonega $5's...

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