Opinions on the undervalued US gold dates?
Longacre
Posts: 16,717 ✭✭✭
Does anyone have any opinions on which US gold coins are currently undervalued?
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
0
Comments
siliconvalleycoins.com
Liberty: Parent of Science & Industry
I wuz gonna but couldn't find a Whitman board.
Jerry
Robert
P.S. More later
I think that the Phildelphia and San Francisco No Motto half eagles and eagles are undervalued, especially the better dates. I would exclude one-year types and other sexier issues (like the 66-S No Mottos). I think that the Philadelphia Type I and II $20's are relatively undervalued, as well.
I do not like the quarter eagles from the 1880's and 1890's (as someone else suggested) in part because of my own experience. I have owned an 1890 AU quarter eagle for 27 years (!), and if I am lucky, I could find someone to purchase it for what I paid for it ($175). There seems to be enough supply and not much demand such that I do not see these moving.
I collect the Dahlonega $5's, which as a group are fully valued to me (a few of the individual dates seem like better values-46-D, 41-D and some worse--60-D, 42-D LD). The New Orleans No Motto $10's I collect seem reasonably valued but not screaming buys, either.
In better date gold, there seem to be very few pockets of real opportunity if you are looking for near or intermediate-term price appreciation. That's why I tend to buy coins I like with discretionary money with the hope that someday I will get my money out of them (or my estate will), and I will have earned the non-tangible "interest" of the enjoyment of collecting them.
I just don't think there's enough demand - everyone seems to want a complete set of Morgan dollars, but they'll only buy enough gold to complete a type set.
It's OK, it just means there are more coins for me!
Check out the Southern Gold Society
sometimes these coins have an improper alloy mixture so they have a pretty lilac orange red toning to them and since many have not seen as such and it is misunderstood the services usually undergraded these coins and they are not only rare but extremely beautiful as such
you might see maybe one or so a year if you go to all the shows and auctions and look at many coins
a coin like this with this improper alloy mixture in ms65 would be a killer coin to have and an added plus if the 1879 date
michael