Dang, they STOLE this one...
ziggy29
Posts: 18,668 ✭✭✭
...and I saw it maybe five seconds too late to finish my snipe. Someone got a nice bargain:
1881-S Half Eagle, NGC AU-58, $126
1881-S Half Eagle, NGC AU-58, $126
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Comments
Knowledge is the enemy of fear
<< <i>That is a little too chewed up for my tastes. >>
Mine, too, and I already have a much nicer half eagle for my type set. But still, that's about as cheap as I've seen a half eagle go for in a long time. I was ready to snipe at $140 but I was too late.
<< <i>Agree with above comments. I've seen other chewed up NGC 58's in gold. They are way too lenient with that grade. >>
Agreed. It's nowhere near worth AU-58 money or even AU-50 money, IMO. But do a search on slabbed half eagles and see if you find anything much below $170, let alone $126.
It's not so much that I wanted this coin as much as I think, despite the hits, that's an awful cheap price for a piece of slabbed U.S. gold. It would just sit in my box anyway until I had a chance to flip it.
<< <i>That is a little too chewed up for my tastes. >>
Yep, my reaction exactly. $5 libs are the most common "old" gold coins going. Anything below Choice Unc. MS-63, can be had pretty cheap, especially if it has a lot of marks like this one.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
<< <i>I agree the coin went cheap for the grade, but it's a textbook example of why even circulated coins shouldn't be bought sight-unseen. A gold coin with a bit of rub and great fields can have the same AU58 grade, and look far nicer. >>
I know. Here's mine:
WS
<< <i>Yeah, ugly, but in a melted state he still got more gold then he is paying for. >>
No he didn't.
Russ, NCNE
In Mint State condition these $5 gold coins contain .24187 ounce of gold. At $400 an ounce that comes to $96.75. This one might have less gold in it since it is circulated a chopped up.