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Another classic $5 at lunch

WeissWeiss Posts: 9,941 ✭✭✭✭✭
in Precious Metals
From his same source, the guy keeps bringing 'em to my dealer and I'm having a hard time resisting.
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$300 out the door. I wasn't going to haggle since I got the last one so cheap, but he offered. $300 seemed a fair price.

This one had just a bit of crap on the reverse. See 2:00, 5:00 & 7:00:
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Since it's gold, and appeared to be masking tape residue, I used alcohol on a q-tip instead of getting out all of my acetone gear. A few delicate swabs and it all came off.
The pics make it look more cleaned and washed out than it is. It's really a nice mellow gold color.
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Now resting comfortably in its very own intercept shield with his friends image

It's amazing how low the mintage was on some of these inexpensive classic pieces. The 1886, for example, was only 388,360. Yet it commands no premium. Some of the pieces immediately around this date had mintages as low as 7,520 (1889), but still have no real value other than melt below EF.
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame

Comments

  • cjmezzcjmezz Posts: 467
    Nice score...I picked up a 1892(s) over lunch today for $300 out the door as well..........for $300 I will buy every one i find that the date is somewhat readable! image The "old gold" just has a "cool" factor. Just think, in 1886 a man/woman with this in their pocket were pretty high society!
    "When someone tells you nothing is impossible, ask them to dribble a football"

    MANY positive BST Transactions
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    Thanks, cjmezz. I'm trying to be picky. I like the idea of classic gold so close to melt, but I don't think I want to go any lower than F or even VF. So far so good!

    Here's a better shot of the reverse in the intercept shield. This is considerably closer to how the reverse looks in-hand:


    image
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • cjmezzcjmezz Posts: 467
    yes nice coin!!!.....to me i like the more worn coins that look like they have circulated a little bit...of course i don't purchase coins that grade 4 or 15, but i like a little crude on them, and a little wear...just makes you wonder where it has been!
    "When someone tells you nothing is impossible, ask them to dribble a football"

    MANY positive BST Transactions
  • gecko109gecko109 Posts: 8,231 ✭
    Weiss, just curious about your use of intercept shield holders with gold coins. Whats the reasoning on that?
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭


    << <i>Weiss, just curious about your use of intercept shield holders with gold coins. Whats the reasoning on that? >>



    Actually kind of incidental. A few months back I bought a $5 piece and asked my dealer for something other than the 2x2 to put it in. He offered me a 3-pack of intercept shields for a couple of bucks. They're inert, they look good, and they offer more protection than a flip or 2x2.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
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