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How would a gold AU58 coin translate?

tydyetydye Posts: 3,894 ✭✭✭
in U.S. Coin Forum
Would it mean a 63 or a 60? Usually the surface quality of AU58 coins is quite good where as that of a 60-62 are usually POS.

Comments

  • golfer72golfer72 Posts: 3,588
    What are you asking? I am confused. image
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>Would it mean a 63 or a 60? Usually the surface quality of AU58 coins is quite good where as that of a 60-62 are usually POS. >>



    That's not a concrete statement as it all depends on a pure coin by coin basis as there's truly exceptional gold in all AU58-62's along with just as many POS.
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • crypto79crypto79 Posts: 8,623 ✭


    << <i>Would it mean a 63 or a 60? Usually the surface quality of AU58 coins is quite good where as that of a 60-62 are usually POS. >>



    Nothing you said makes sense or is true? please rephrase with facts to better guide our answers
  • tydyetydye Posts: 3,894 ✭✭✭
    Sorry for the vagueness. But i did not want to curse in church. If I sent in a PCGS AU58 to the sticker factory and it came back with a gold one - how would that be viewed?
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>Sorry for the vagueness. But i did not want to curse in church. If I sent in a PCGS AU58 to the sticker factory and it came back with a gold one - how would that be viewed? >>



    Without a pic it wouldn't be viewed as any thing! imageimageimage
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • BryceMBryceM Posts: 11,798 ✭✭✭✭✭
    I'm still confused.

    I'd regard a gold 58 coin with a gold sticker as a potentially nice 58, but it would depend enormously on the actual in-hand appearance of the coin. It could be wildly mis-graded by either service. The best answer is "it depends". Have a photo to show us?
  • nibannynibanny Posts: 2,761 ✭


    << <i>

    << <i>Sorry for the vagueness. But i did not want to curse in church. If I sent in a PCGS AU58 to the sticker factory and it came back with a gold one - how would that be viewed? >>



    Without a pic it wouldn't be viewed as any thing! imageimageimage >>



    I agree...image

    image
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • coinman23885coinman23885 Posts: 1,126


    << <i>Sorry for the vagueness. But i did not want to curse in church. If I sent in a PCGS AU58 to the sticker factory and it came back with a gold one - how would that be viewed? >>



    Minimum = MS60, but it depends based on the individual coin.
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    I'll almost assuredly think it would be worth at least melt.image
    image
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • jomjom Posts: 3,444 ✭✭✭✭✭
    I imagine it would be viewed as "worth more" than your green label or non-labeled AU58. Look at in terms of price not grade....that's how I'd do it anyway.

    jom
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭


    << <i>I imagine it would be viewed as "worth more" than your green label or non-labeled AU58. Look at in terms of price not grade....that's how I'd do it anyway.

    jom >>



    I see no logic in this line of thought until someone can prove that all graded coins eligible have been to the sticker place.
    image
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • DaveGDaveG Posts: 3,535 ✭
    I presume you're not actually speaking about a gold coin, but instead an AU-58 coin with a gold bean on the slab.

    If so, the "old time" saying was that an AU-58 coin is an MS-63 coin with rub.

    Check out the Southern Gold Society

  • crypto79crypto79 Posts: 8,623 ✭


    << <i>I presume you're not actually speaking about a gold coin, but instead an AU-58 coin with a gold bean on the slab.

    If so, the "old time" saying was that an AU-58 coin is an MS-63 coin with rub. >>



    What is a MS61 with rub then? image

  • RedTigerRedTiger Posts: 5,608 ✭
    I'd guessed AU58s with gold beans average out to about MS65 money at auction. Plenty of plain AU58s already go for moon money because of the registry, add a gold bean and that brings in two populations that often pay stupid money: AU58 seekers and gold bean seekers.
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  • LakesammmanLakesammman Posts: 17,393 ✭✭✭✭✭
    If you sent it in with a gold sticker, it might come back AU58 w/o the sticker. image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose.
  • COALPORTERCOALPORTER Posts: 2,900 ✭✭
    Depends on time era. "Classic" gold coins always look over graded to me. Many AUs
    still look XF or lower to me, but i know it has to do with the series and the pre 1836
    minting methods. "Modern" gold coins look just about like any other coin, imo (AFA
    grading and luster standards go).
  • illini420illini420 Posts: 11,466 ✭✭✭✭✭


    << <i>

    << <i>I presume you're not actually speaking about a gold coin, but instead an AU-58 coin with a gold bean on the slab.

    If so, the "old time" saying was that an AU-58 coin is an MS-63 coin with rub. >>



    What is a MS61 with rub then? image >>



    In looking at some series of coins, an MS60 or MS61 with some rub to it would probably grade AU53-55 at best. Eye appeal does matter in grading to some extent. That said, we all know grading isn't very consistent as it's an opinion at one point in time. The AU58 grade is one of those where the opinions vary quite a bit. Right now you can look up examples of AU58 coins, especially gold, and find some that look like trash and some that look amazing!

    Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448

  • illini420illini420 Posts: 11,466 ✭✭✭✭✭


    << <i>I'd guessed AU58s with gold beans average out to about MS65 money at auction. Plenty of plain AU58s already go for moon money because of the registry, add a gold bean and that brings in two populations that often pay stupid money: AU58 seekers and gold bean seekers. >>




    Hmmmm... I guess I let this one go way too cheap then... not only was it AU58 gold w/ a gold sticker... but it was also the Doily holder image


    image


    Sure, I sold it for a significant premium over what an average AU58 example would have sold for, but you can only add so much premium to a coin based on stickers and holders.

    Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,364 ✭✭✭✭✭
    Softer today than last August. More desireable at this level from an "eye appeal" standpoint. There are so many coins that could just as easily be graded from a technical standpoint as AU 64 or maybe AU63+, but this is for another discussion. There are a couple of beat up gold coins in holders that have seen a bath that make MS 62 look (eye appeal wise ) like MELT. There are reasons why a good set of eyes can put together a great set of coins.

    Use them (eyes, or ears) to your advantage. That's how it all translates to me.
  • PerryHallPerryHall Posts: 46,237 ✭✭✭✭✭
    I've seen PCGS/NGC AU58 coins will all kinds of different looks. I've seen coins with the look of MS64 with a trace of wear in AU58 slabs and I've seen Liberty double eagles that were technically uncirculated but were so baggy that they were silently net graded AU58 or even AU55. This is one grade where you really need to examine the coin before you buy it.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
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  • lcoopielcoopie Posts: 8,873 ✭✭✭✭✭
    it translates into
    score
    LCoopie = Les
  • ambro51ambro51 Posts: 13,794 ✭✭✭✭✭
    PCGS graders thought they seen a rub on the high points but JA didn't
  • RevDrBlimberRevDrBlimber Posts: 391


    << <i>

    << <i>I'd guessed AU58s with gold beans average out to about MS65 money at auction. Plenty of plain AU58s already go for moon money because of the registry, add a gold bean and that brings in two populations that often pay stupid money: AU58 seekers and gold bean seekers. >>




    Hmmmm... I guess I let this one go way too cheap then... not only was it AU58 gold w/ a gold sticker... but it was also the Doily holder image


    image


    Sure, I sold it for a significant premium over what an average AU58 example would have sold for, but you can only add so much premium to a coin based on stickers and holders. >>



    Compare to one I sold through GC: http://www.greatcollections.com/Coin/33385/1907-Liberty-Eagle-PCGS-AU-58-OGH-2nd-Gen

    Second generation holder, CAC for sure, maybe gold, as there is only a little light "friction".
  • PeacemonkeyPeacemonkey Posts: 384 ✭


    << <i>I presume you're not actually speaking about a gold coin, but instead an AU-58 coin with a gold bean on the slab.

    If so, the "old time" saying was that an AU-58 coin is an MS-63 coin with rub. >>



    What's an MS66 with rub

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