Gold Guys, need opinion on this 1799 Capped Bust $5 piece

BECOKA

Can anyone find anything wrong with this? I am not good enough to recognize cleaning from a distance.

1799 Capped Bust

Also this 1809 Capped Bust left

1809-8 Capped Bust Left

Right now the pricing looks in the ball park of what I am willing to pay but if it gets too much higher I might chicken out so looking for experienced comments.

Thanks ahead of time.

Cladiator

I'm not a big fan of the Capped Bust to right gold design. The 1799 looks cleaned, rather harshly.

I am a big fan of the Capped Bust to left gold design. 1809/8 looks better than the 1799 but I'd be very cautious buying any federal gold coinage raw. Especially on eBay.

My advice...pass on both of them and buy from a reputable dealer.

DaveG

Umm, remember what we always tell people about buying raw gold on eBay?





Well, that goes QUADRUPLE for old tenor gold!!!!!

tmot99

I'm not a gold guy, but raw gold on ebay to me screams RUN!!!!

RYK

Coins like those should be bought in slabs on a sight-seen basis, unless you really know what you are doing.

Right now the pricing looks in the ball park of what I am willing to pay...

If those are the prices you are willing to pay for those coins, you ain't gonna get a decent one (in 2006). I promise.

BECOKA

<< <i>

If those are the prices you are willing to pay for those coins, you ain't gonna get a decent one (in 2006). I promise. >>



It won't take much to scare me off. The obvious next questions would be have any of you heard of this dealer? I would make sure that he was known first.

Sounds like it is an unknown dealer so I will keep looking for low grad slabs. Every now and then I get the feeling I want to take a chance to save a few bucks. I don't know how many times it will take for me to learn my lesson.

tjkillian

Those are the type of coins that should only be bought certified, unless you can see them in your own hands and you are an expert at detecting problems. I would pass, even at a great price.

Tom

DaveG

Becoka,

Because so much of the old tenor gold was melted (only an estimated 1% of the total mintage still survives), most of what's offered in the marketplace today is in AU-55 or better condition. Very occasionally, you can find something in XF or low AU, but the demand for those coins is pretty impressive, as you can imagine. You can also find some coins in net-graded ANACS slabs. Personally, I would stay away from anything in a SEGS or PCI slab (unless you can have an expert look at it first).

If you really want a piece of old tenor gold, I highly recommend you contact a knowledgeable, reputable dealer (I can think of our own Jon Lerner, Mark Feld, or Doug Winter) and discuss what you want and how much what you're looking for is likely to cost and have them keep a lookout for you.

I'd really recommend you not buy a raw old tenor coin, because, at this point, every one that's raw is "raw for a reason." So many of these coins have been dipped, cleaned or repaired that you want to buy a high-quality example, because a so-called bargain coin will keep biting you in the bottom for years.

RYK

If you must buy from this seller...,
be safe.

BECOKA

<< <i>Becoka,

Because so much of the old tenor gold was melted (only an estimated 1% of the total mintage still survives), most of what's offered in the marketplace today is in AU-55 or better condition. Very occasionally, you can find something in XF or low AU, but the demand for those coins is pretty impressive, as you can imagine. You can also find some coins in net-graded ANACS slabs. Personally, I would stay away from anything in a SEGS or PCI slab (unless you can have an expert look at it first).

If you really want a piece of old tenor gold, I highly recommend you contact a knowledgeable, reputable dealer (I can think of our own Jon Lerner, Mark Feld, or Doug Winter) and discuss what you want and how much what you're looking for is likely to cost and have them keep a lookout for you.

I'd really recommend you not buy a raw old tenor coin, because, at this point, every one that's raw is "raw for a reason." So many of these coins have been dipped, cleaned or repaired that you want to buy a high-quality example, because a so-called bargain coin will keep biting you in the bottom for years. >>



Definately sound advice and deep down I always knew this. I will stay away from raw on this series but like I said above every now and the I get the urge and I need people like you guys to pull me back down to reality.

topstuf

The 1799 "looks" cleaned. I like the bust right fives because they seem underrated compared to the tens. Unduly so IMO. The tens with the same design go for 3-4 times the fives and that spillover will go into the fives for "design type."

It is the definitive first obverse of US gold.

topstuf

Also you will find that every bargain you get as opposed to what you really WANT will just cost you twice because you will end up buying the one you want eventually anyhow.

THEN ya gotta get rid of the dreck.

TheRaven

RUN AWAY FAST.....

IF YOU GET THE URGE THE CREDIT CARDS NEED TO GO IN THAT SHREADER BY YOUR COMPUTER.....

michael

both ARE problem coins