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

Okay, not exactly...
After all of these years, I was just beginning to warm up to them.
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.
After all of these years, I was just beginning to warm up to them.

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.

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Comments
Don't you recognize a buying opportunity when you read one?!
Check out the Southern Gold Society
EAC 6024
<< <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.
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>I like to buy big coins...!
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 !
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.
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.
vision, what will happen to coin prices when these aging collectors are gone?
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....
I guess I should have stuck with the larger denominations.
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.
1851-O $2.50 PCGS EX45 CAC. Small but colorful.
Here's his big brother which is now a CAC.
not my trime btw... :-(
And another...
Latin American Collection
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
<< <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. >>
It is probably the most collectible (read: affordable) southern gold series with at least a dozen coins in the series.
Latin American Collection
<< <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.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
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.
<< <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.
.
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)
<< <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.