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AnkurJ
Posts: 11,370 ✭✭✭✭
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All coins kept in bank vaults.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
0
Comments
Choice Numismatics www.ChoiceCoin.com
CN eBay
All of my collection is in a safe deposit box!
Are there collectors of modern gold who are willing to pay premiums for errors? I don't know the answer.
<< <i>The real question is:
Are there collectors of modern gold who are willing to pay premiums for errors? I don't know the answer. >>
There's a few out there... Just not many
I sold all my modern gold strike though errors when bullion was at $1800.
Since I bought them when at under $800 the bullion increase well exceeded the premium I paid for the errors so I did fine just dumping them.
One dealer that bought one of mine for gold content alone still has it on his site since November 2011 trying for an error premium.
buying and selling Struck Thru Gold
Eagles like that one posted, is that
the base value of the gold coin far
exceeds any error premium that an
error collector would want to pay.
On occasion, the gold eagles will bring
a small premium on Ebay, and the
silver eagles much more so.
Those Struck Thru's are from 'saran wrap'
that is put over the Dies at West Point,
to prevent dust and contaminates that
could affect the die's surface.
When the Dies are then moved to the
Press Room, and the thin clean plastic
wrap is removed, sometimes (not that uncommon)
a small piece of plastic will literally stick to the
die, causing the shiny struck-thu look you see.
I've only seen this on coins struck at the West Point Mint.
Now, if the actual clear piece of now-struck plastic
comes off on the last coin it strikes, that coin, with
the struck thru area AND the clear plastic with coin
design on it will bring a nice premium.
This is an even more common effect on Silver Eagles,
probably because of the wider diameter of the Die.
There are lots of ASE's out there with the shiny &
somewhat attractive struck thru strike, and they do
bring a premium, even without the plastic piece,
because they're cheaper than Gold Eagles, and more
people collect ASE's compared to AGE's.
By the way, the above info is based on my visit to the
West Point Mint in Nov. 2006.