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Crap! Doug Winter just killed New Orleans quarter eagles...

RYKRYK Posts: 35,799 ✭✭✭✭✭
Okay, not exactly...

After all of these years, I was just beginning to warm up to them. image

Post a New Orleans quarter eagle if you are not too embarrassed. If you are ashamed to own one, how about another New Orleans gold coin? Or maybe even a silver coin from NOLA.

image

Comments

  • Robert,

    Don't you recognize a buying opportunity when you read one?!

    Check out the Southern Gold Society

  • MoldnutMoldnut Posts: 3,113 ✭✭✭✭
    Man, did I read that title wrong.image
    Derek

    EAC 6024
  • The photo is courtesy of BluCC.

    image
    "Clamorous for Coin"
  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭


    << <i>Unless there is a sudden influx of collectors wanting to do complete sets, the price appreciation for this series is likely to be limited to those coins with multiple levels of demand, Finest Known, or high Condition Census examples of not-so-interesting dates or specific individual coins with great eye appeal. >>

    Good assessment of the market with the flight to quality.
  • BigAlBigAl Posts: 1,218 ✭✭✭
    Interesting argument, but at end of day market forces (demand/supply) control prices, not pop reports. Pop reports are hosed.
  • keyman64keyman64 Posts: 15,521 ✭✭✭✭✭
    Very interesting read and I do not even collect them. Sad the pop reports are so messed up. TPGs have the ability to protect collectors from this problem but do not. It would require the imaging of everything that goes through the TPG so as to compare it to everything before it. Not an easy task but it is certainly worth the protection of the hobby as a whole I think.
    "If it's not fun, it's not worth it." - KeyMan64
    Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners. :smile:
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭
    I like to buy big coins...!image
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • keetskeets Posts: 25,351 ✭✭✭✭✭
    isn't it funny how some of the cherished Classics can suffer similar fates as those detested Moderns?? I feel that in the end we are each served best by our own instincts and the much used saying-----Collect what you like.
  • liefgoldliefgold Posts: 1,709 ✭✭✭✭✭
    According to Doug I should probably just melt this down since it is from NO and tiny.
    imageimage
    liefgold
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,514 ✭✭✭✭✭
    Every section is a piece of the pie. Some men are notorious purveyors of what tomorrow's dreams are still made of and what our streets will one day be lined with. image
  • jayPemjayPem Posts: 4,082 ✭✭✭✭✭


    << <i>I like to buy big coins...!image >>

    Ditto.

    Before I scrolled down into the article, my first thought (uneducated) was that the collector base for these little guys mustn't be huge...

    This one isn't exactly an NFL sized Big American Coin, but at least you can see the mint mark without a loupe !
    image
    image

    edit: Why these pics show up so huge after I resize them on PB is beyond me...
    usually after a few hours they end up resizing themselves, but I dont get it.
  • RodebaughRodebaugh Posts: 304 ✭✭✭


    image
  • earlyAurumearlyAurum Posts: 748 ✭✭✭✭✭
    Very interesting article. I was collecting NO quarter eagles by date but I recently decided to exit the strategy. I just wasn't passionate about collecting these coins although they are beautiful.

    I sold all of my examples except the 39-O and the 45-O for the reasons highlighted in Doug's article. They are the two that experience MLD.

  • s4nys4ny Posts: 1,573 ✭✭✭
    If coin collectors are losing interest in small coins because of deteriorating
    vision, what will happen to coin prices when these aging collectors are gone?
  • GotTheBugGotTheBug Posts: 1,708 ✭✭✭✭✭
    If coin collectors are losing interest in small coins because of deteriorating
    vision, what will happen to coin prices when these aging collectors are gone?


    This sounds like a not-so-valid reason for giving up on collecting. They have these things called magnifying glasses....
  • RYKRYK Posts: 35,799 ✭✭✭✭✭
    I recently decided to do the date run in dirty XFish condition, so I am happy to know that I will be purchasing the remaining dates at near melt prices.

    I guess I should have stuck with the larger denominations. image

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    image
    image
  • Well, I am still in on these. There are only 14 different dates, and with 9 so far, it will probably be
    the first New Orleans gold denomination I am able to complete.

    I am trying for lower grades nearer melt value. My amateur analysis would be closer to there being two
    groups of collectors, those with thousands to spend and those with hundreds to spend. I am barely in
    the later when I'm lucky, so if I am going to reach on a purchase it has to be something I am comfortable I
    can get most of the money back out of if a crisis hits. That means I am looking for a high percentage of gold
    value to price. Most of the grades in his analysis seem to have a gold value <10% of the price. I am more comfortable
    at >50%.

    Funny thing is, I haven't got any of 6 gold dollars dates yet (except one genuine which was only $115,) but they
    seem to be popular and rising in circ grades, rising from going on ebay for <$200 to about $300 in the last couple
    of years for PCGS XF (except 1850 & 1855, or course.) That seems strange as there are always a couple new ones listed
    each day.

    I'd rather reach to $400 for a harder date QC (1850-O, 1851-O,1856-O, 1857-O) which show up seldom on ebay
    problem free.

    OK, my pic. These is a teletrade purchase, $313 about 2 years ago. PCGS Genuine surface damage. I'll never be
    happy with it in a genuine holder, so when I find a replacement in low circ grade it will be replaced.

    image
  • imageimage

    1851-O $2.50 PCGS EX45 CAC. Small but colorful.
  • image

    Here's his big brother which is now a CAC.
  • What's wrong with buying quality items when they are "on sale"? I do it at Walmart and Costco all the time!
    "Clamorous for Coin"
  • s4nys4ny Posts: 1,573 ✭✭✭
    47 O Mint Quarter Eagles are offered on eBay. Might be a good time to start an XF40 to AU55 set.
  • stevebensteveben Posts: 4,628 ✭✭✭✭✭
    i love gold coins...new orleans issues are no exception. but, when i think of a new orleans coin i really like...it's the 51-O trime:

    image

    not my trime btw... :-(
  • The coin has a weak strike and that accounts for a lot of what might be perceived as wear. It's in an EF problem free holder.

    image
    image

  • RYKRYK Posts: 35,799 ✭✭✭✭✭
  • BoosibriBoosibri Posts: 12,370 ✭✭✭✭✭
    The nice part of the NO QE's is that due to their lacking populatiry relatively few have been dipped, doctored and otherwise destroyed when compared to D and C mint coins. Many more original coins around.
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>The nice part of the NO QE's is that due to their lacking populatiry relatively few have been dipped, doctored and otherwise destroyed when compared to D and C mint coins. Many more original coins around. >>


    image

    It is probably the most collectible (read: affordable) southern gold series with at least a dozen coins in the series.

    image
    image
  • BoosibriBoosibri Posts: 12,370 ✭✭✭✭✭
    Does anyone else feel like looking for some nice New Orleans QE's to buy now? Maybe DW just jump started the market.
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,414 ✭✭✭✭✭


    << <i>Does anyone else feel like looking for some nice New Orleans QE's to buy now? Maybe DW just jump started the market. >>




    I'm always looking. I tuned in to the DW site a few weeks ago and saw a nice 1840-O with the dreaded "on hold" notation.
  • This content has been removed.
  • ranshdowranshdow Posts: 1,442 ✭✭✭✭
    PCGS 55, Stecher collection pedigree. Common, and not CAC, but I've always liked the surfaces on this one. Apologies for poor pictures.

    image
    image
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    These coins have suffered along with most better date, but non-pop top gold. Generic mint state gold peaked in price back in 2006. So the N.O. quarter eagles have good company.
    With the rising price of gold in 2004-2006 a lot of people probably shifted towards better date $20's and even $10's....much more gold for the buck. The coin market generally topped
    in 2006-2008 and quarter eagles have had more headwinds since. So also blame it on rising gold prices and weaker overall coin market.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭


    << <i>What's wrong with buying quality items when they are "on sale"? I do it at Walmart and Costco all the time! >>



    I think of under/overvaluation of coins more inline with stocks than Walmart or Costco. The question in my mind is whether this is a "sale" that will end shortly or is this a permanent or prolonged state of affairs.
  • stevebensteveben Posts: 4,628 ✭✭✭✭✭
    image
  • BullsitterBullsitter Posts: 5,837 ✭✭✭✭✭
    If coins could talk.........image

    .image
  • LongacreLongacre Posts: 16,717 ✭✭✭
    The coins are still priced at relatively low levels. To my knowledge, the prices have not significantly moved in the past 5-8 years, even though the coin market has been red hot. Query whether this is good in the long run, or if it is a series that is not that popular and may never be. Alternatively, the series might be ripe for a Well Managed Promotion™.
    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)
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,514 ✭✭✭✭✭


    << <i>What's wrong with buying quality items when they are "on sale"? I do it at Walmart and Costco all the time! >>



    Nothing is wrong with buying quality when items are on sale. It's often difficult to make my way through those aisles when there's a sale.
  • BillJonesBillJones Posts: 34,683 ✭✭✭✭✭
    imageimage
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?

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