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1877-S $20 Gold
Phaethon
Posts: 323
Before i jump into this one i would like some opinions from the group here. I think it would grade below AU and i would think about 2300 to 2700 top price for it would be a safe deal since it looks cleaned to me as well
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SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
<< <i>...would think about 2300 to 2700 top price for it would be a safe deal... >>
Where did you come up with those values? I'm glad you posted here and ask for opinions because this is a melt value coin worth $1500.
1877-S is a fairly common date and this coin has problems reducing it to melt value. An 1877-S $20 Lib in NGC XF45 sold on Heritage last week for $1552.
Heritage 1877-S G$20
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
You are determining monetary value based on your grading and evaluation of the market and you are getting way ahead of your self.
If you can't see coins in person...start with the PCGS site for grading coins online.
The type of coins you are pursuing will be out there on the market--today, tomorrow and next year. Don't worry, there will always be more coins than your money can buy.
Slow down, see more coins, start learning and keep your money in your pocket for a while.
@Rob85635:
you can also tell it's been cleaned by the luster on this coin. it just doesn't look right. it's hard to explain, but when you see more of these coins, you can start to spot the difference right off the bat. the color is different and the reflectivity is different from mint luster.
<< <i>I agree with all above, VF now bullion, would pay back of melt, wholesales for $1460. >>
I would think its value would at least be equal to its melt value due to its age and historical significance.
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
<< <i>You need to slow down brother and STOP even thinking of wasting your money until you see more coins.
You are determining monetary value based on your grading and evaluation of the market and you are getting way ahead of your self.
If you can't see coins in person...start with the PCGS site for grading coins online.
The type of coins you are pursuing will be out there on the market--today, tomorrow and next year. Don't worry, there will always be more coins than your money can buy.
Slow down, see more coins, start learning and keep your money in your pocket for a while. >>
This is all great advise that will adhere to. This is exactly why i joined this forum. I cant say how much i appreciate it guys. I will let this one go and hold off for a while.
thank you guys for the great help
Why don't you skip the "mistake" phase and buy a nice PCGS certified coin?
<< <i>I agree with the grade, but I have the same problem I always do. I can't tell how this is cleaned, can anyone point out what to look for? I have posted now and then for years that I have trouble spotting some series cleaned coins. Any help would be appreciated. >>
You can see bright, not as discolored areas in "AMERICA" on the reverse and the coin, does not have any dirt on it, it should have. Acetone can remove this dirt so I too am unsure if it should get bagged for being cleaned, although it was.
Rule #1: Buy only certified PCGS and NGC classic coins. Since you are a newb I'd highly recommend notching that up to CAC. It will save you hundreds of dollars.
Rule #2: Just because a coin has some luster on it (as this 77-s does) doesn't mean it's valued at AU, or even XF. There are also undamaged VF coins out there with
luster on them. And they are just VF coins.
Rule #3: Spend $30-$40 and get yourself a PCGS grading and authentication guide. Will pay for itself very quickly.
PS: Whatever favored dealer offered this coin to you, immediately drop them off your list.
roadrunner
<< <i>Yuk! Besides being cleaned and lightly hacked up, you can't even read "Liberty" on this coin. That's a "rarity" on $20's.
Rule #1: Buy only certified PCGS and NGC classic coins. Since you are a newb I'd highly recommend notching that up to CAC. It will save you hundreds of dollars.
Rule #2: Just because a coin has some luster on it (as this 77-s does) doesn't mean it's valued at AU, or even XF. There are also undamaged VF coins out there with
luster on them. And they are just VF coins.
Rule #3: Spend $30-$40 and get yourself a PCGS grading and authentication guide. Will pay for itself very quickly.
PS: Whatever favored dealer offered this coin to you, immediately drop them off your list.
roadrunner >>
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
<< <i>PS: Whatever favored dealer offered this coin to you, immediately drop them off your list. >>
This is the best advice you have been given so far in this tread if the values you expressed came from him. I don't collect classic gold but as soon as I saw your pictures I said MELT to myself.
already.
keeping showing the forum coins, what you think they are worth, and you will
get some valuable info.
Thank you Guys