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

RYK

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.

DaveG

Robert,

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

Moldnut

Man, did I read that title wrong.

GeorgeKellogg

The photo is courtesy of BluCC.

Zoins

<< <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.

BigAl

Interesting argument, but at end of day market forces (demand/supply) control prices, not pop reports. Pop reports are hosed.

keyman64

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.

bidask

I like to buy big coins...!

keets

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.

liefgold

According to Doug I should probably just melt this down since it is from NO and tiny.

TwoSides2aCoin

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.

jayPem

<< <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.

Rodebaugh

earlyAurum

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.

s4ny

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?

GotTheBug

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....

RYK

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.

IwantNonCCs

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.

ahopewell55

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

ahopewell55

Here's his big brother which is now a CAC.

GeorgeKellogg

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

s4ny

47 O Mint Quarter Eagles are offered on eBay. Might be a good time to start an XF40 to AU55 set.

steveben

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:



not my trime btw... :-(

coinguy1989

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.

RYK

Here's another...




And another...

Boosibri

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.

OnlyGoldIsMoney

RYK

<< <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.

Boosibri

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

OnlyGoldIsMoney

<< <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.

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ranshdow

PCGS 55, Stecher collection pedigree. Common, and not CAC, but I've always liked the surfaces on this one. Apologies for poor pictures.

roadrunner

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.

Zoins

<< <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.

RYK

steveben

Bullsitter

If coins could talk.........

.

Longacre

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™.

TwoSides2aCoin

<< <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.

BillJones