1882-O $10 Gold, GTG and did I do OK??
Schultz24
Posts: 202 ✭✭
I bought this for $710 recently. Seems like a decent deal being a fairly low mintage date and decent condition. What would you grade it and what value would you expect to see on it out in the market? Thanks, I guess trying to justify my impulse buy, but at only about $100 over spot, I'm feeling fairly decent. Thanks for your inputs!!
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Comments
Latin American Collection
'dude
AU Details, Would have paid spot....otherwise would have passed.
Enjoy the coin.
Such coins are not my cup of tea.
Doug Winter ranks it 5th in rarity of the 16 with-motto NO eagles, with an estimated 200-250 survivors, of which he estimates 42-52 are AU.
Regarding the surfaces, he says: "The surfaces are nearly always very heavily abraded. Of the three New Orleans eagles struck in the first part of this decade, the 1882-O has the worst quality surfaces and it is not uncommon to see examples that are riddled with deep abrasions on both the obverse and the reverse."
If it's in a "no problem" AU slab, then I'd say you did good.
Check out the Southern Gold Society
Cashback from Mr. Rebates
Cashback from Mr. Rebates
<< <i>AU50 details ... ugly obverse. I wouldn't have even paid spot for it. Sorry. >>
Sometimes I wonder if 291fifth has ever purchased a coin. If so, I wonder who sold it to him for less than melt?
That being said, this is a fairly obscure issue, and it lacks eye appeal due to the numerous marks. It could be a tough sell when the time comes because people who collect gold by date usually have enough money to buy PQ examples. A coin like this will usually sell to a bargain hunter, which means it won't generally bring a strong price. Any dealers disagree with this analysis?
maybe he once had a decent collection of coins, but sold them all a long time ago and took a beating, only to see the same coins later go up and up in value but would never buy them at "these prices" so is bitterly "out" of coins except for some super secret collection of exumonia that practically no one else collects?
To the OP: you did fine at $710, that's a tough coin, appreciate it for what it is, if someone criticizes it, tell them to show you their better one, or else they should stfu
Liberty: Parent of Science & Industry
Cheers,
Bob
<< <i>Your exact coin sold for $977 on 10/2011 Link LINK[/q
Once again going to show that save for a couple of specialty dealers and markets HA is rapidly becoming THE retail coin market.
<< <i>AU details. Too bad about the scratches. >>
<< <i>
<< <i>AU50 details ... ugly obverse. I wouldn't have even paid spot for it. Sorry. >>
Sometimes I wonder if 291fifth has ever purchased a coin. >>
+1
<< <i>
<< <i>
<< <i>AU50 details ... ugly obverse. I wouldn't have even paid spot for it. Sorry. >>
Sometimes I wonder if 291fifth has ever purchased a coin. >>
+1 >>
Why would you make a comment like that? Do you like that coin? Is it a coin you would recommend to your customers?
FWIW, my other comment that you didn't quote summarized my feelings on the OP's coin. It will be a tough sell later on due to lack of eye appeal.
<< <i>Well, it just that you have a lot of bear-ish things to say about others' coins, but seldom post anything yourself. After years of reading your posts, I have you figured for a dealer who only wants to buy PQ material below sheet. We'd really like to see what coins you consider desirable purchases at some point. No offense intended.
FWIW, my other comment that you didn't quote summarized my feelings on the OP's coin. It will be a tough sell later on due to lack of eye appeal. >>
1. I don't post my own coins because I no longer own any of importance. I sold off virtually everything over a period of years because I have reached the age where I don't want to leave coins to heirs should anything happen to me. No one in the family has any interest in coins.
2. Your criticism of my posts is very selective. I do like some coins that are posted and say so. If I say I don't like a coin it is because I really don't like the coin. It is my feeling that the coin market (and most other collectible markets as well) are in a period of decline due to aging of the collector population and a negative economic future for what remains of the US middle class. (As an example, here in Michigan the unemployment rate has fallen sharply since 2009 but so has the average income.)
3. Given my view that the coin market is contracting I believe that collectors need to tighten their standards and become very, very selective about what they buy.
4. I am not a dealer!!!!!
On the flip side is the fact that with 150+ of these in XF-AU that's more than enough for all date collectors to choose from in building a circ/low unc set. It's the dozen or so uncs that would generate the most demand.