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Opinions Re $2 1/2 Gold Indians

RichRRichR Posts: 3,978 ✭✭✭✭✭
in U.S. Coin Forum
I've decided to start an Unc set of 2 1/2 gold Indians...a nice short set with only one killer coin.

Having never owned any, I'm just wondering how a nicely matched set of slabbed MS-62 coins would appear? Of course, I'd like to get 63s, but the prices seem to jump considerably from 62 to 63. Is it worth the difference in price?

Opinions?

Comments

  • MidLifeCrisisMidLifeCrisis Posts: 10,613 ✭✭✭✭✭
    I think you would do well if you were very selective and chose pieces in the 62-63 range. I think generally 63s are worth the difference in price and you will be glad you reached for them.
  • CaptHenwayCaptHenway Posts: 33,775 ✭✭✭✭✭


    << <i>I've decided to start an Unc set of 2 1/2 gold Indians...a nice short set with only one killer coin.

    Having never owned any, I'm just wondering how a nicely matched set of slabbed MS-62 coins would appear? Of course, I'd like to get 63s, but the prices seem to jump considerably from 62 to 63. Is it worth the difference in price?

    Opinions? >>



    That is a coin that looks very nice in proper;ly-graded MS-62.
    As you say, the price jump to 63 is considerable.
    Do it and enjoy it.
    MOO
    TD
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
  • PerryHallPerryHall Posts: 47,486 ✭✭✭✭✭
    It's a great set and it's the only U.S. coins series can be completed on a middle class income. The only really expensive coin is the 1911-D, but a nice lustrous AU58 would fit nicely in a 62 set. The incuse design of the Indian $2 1/2 and $5 gold is unique among U.S. coins and, other that the buffalo nickel, it's the only circulating classic U.S. coin design that shows a real Native American.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • BarndogBarndog Posts: 20,525 ✭✭✭✭✭
    I did the set in AU-58 (my 11-D was AU-55). MUCH more affordable that way and I got to choose coins that were darn nice for the grade.
    JR Newsletter Online Edition
  • MidLifeCrisisMidLifeCrisis Posts: 10,613 ✭✭✭✭✭


    << <i>I did the set in AU-58 (my 11-D was AU-55). MUCH more affordable that way and I got to choose coins that were darn nice for the grade. >>


    I like this AU-58 idea...you should be able to get some really nice coins.
  • LongacreLongacre Posts: 16,717 ✭✭✭


    << <i>

    << <i>I did the set in AU-58 (my 11-D was AU-55). MUCH more affordable that way and I got to choose coins that were darn nice for the grade. >>


    I like this AU-58 idea...you should be able to get some really nice coins. >>




    I like the Barndog's advice as well.
    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)
  • darktonedarktone Posts: 8,437 ✭✭✭
    I think you should really get to know how to grade these before you start. There are a lot of different MS62's- the cleaned coin with few contact marks are the ones I would avoid. You can find some very nice original coins with good color and luster but with a few contact marks that keep their grade at MS62. These are the coins I would look for. But really you need to know what your looking at first to pick out quality coins in this series for the grade. image
  • RichRRichR Posts: 3,978 ✭✭✭✭✭
    <<I think you should really get to know how to grade these before you start. There are a lot of different MS62's- the cleaned coin with few contact marks are the ones I would avoid. You can find some very nice original coins with good color and luster but with a few contact marks that keep their grade at MS62. These are the coins I would look for. But really you need to know what your looking at first to pick out quality coins in this series for the grade.>>

    Since I'm new to this series...and also don't usually take chances with gold in any form...I'm going to stick to slabbed (PCGS/NGC) specimens. I'm assuming they're both pretty good and weeding out the clunkers?
  • PerryHallPerryHall Posts: 47,486 ✭✭✭✭✭
    This series is has been very heavily counterfeited so stick with NGC/PCGS slabbed coins.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • darktonedarktone Posts: 8,437 ✭✭✭
    I was referring to Pcgs/Ngc coins. There is a wide variety of coins that grade ms62.
  • roadrunnerroadrunner Posts: 28,371 ✭✭✭✭✭
    Either grade should do you well. The pops for 62's vs. 63's aren't all that much different. Like everyone has said you can find a huge expanse of quality in each grade range. With that said I would look only for 62+,62++ or 63+,63++ quality when doing the set. That's very achievable with so few dates in the set and tens of thousands of slabbed coins out there.

    I usually find 80-90% of all $2-1/2 and $5 Indians I look at to be unacceptable. If it isn't too many marks, then it's weak luster, or too obvious high point rub/stacking friction/strike issues. If I were doing such a set I would only be satisfied with orig pieces with glowing luster, a strong eagle's shoulder, no significant copper spots, and very clean surfaces/marks. Personally I think the MS63 grade is the most ripe for promotion as in the recent past these have been pushed up to $1250 or higher. Right now they are on the lower end of their trading range in the $700-$750 zone for commons. But for minimal downside the 62 grade is hard to beat. The jump to 64 is also substantial so either grade gives you a nice boost if you select well. Be very fussy with these as there are lots of so-so pieces in holders. You want your set to stand out. And a set with all high end dazzling pieces would do just that whether they be 62's or 63's. Anyone can slap together a set of these in 24 hours and a few bucks if they only care about the grading insert.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold

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