My first gold- $10 Indian 1910s
dogwood
Posts: 1,935 ✭✭✭✭
Local show purchase for 10% over melt.
May have to do an S mint run from 08-15. Looks like some good dates in there.
Quite some premiums in PC plastic for 53-55 AUs and some have about the same luster and skin as this one.
Any advice out there?
Is there collector support for decent AU S mint $10 Indians? Or should I just stay close to melt and load up on random common dates if I'm swimming in the shallow end with US pre 33 gold coins in general?
May have to do an S mint run from 08-15. Looks like some good dates in there.
Quite some premiums in PC plastic for 53-55 AUs and some have about the same luster and skin as this one.
Any advice out there?
Is there collector support for decent AU S mint $10 Indians? Or should I just stay close to melt and load up on random common dates if I'm swimming in the shallow end with US pre 33 gold coins in general?
We're all born MS70. I'm about a Fine 15 right now.
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I picked up an ogh VF35 of this date for a little over melt a few years back. Probably well underwater now on the gold price. The only saving grace is that the coin is an XF45 with plenty of luster showing and very original crusty surfaces. I don't see why it wouldn't Gold CAC. It's similar to the photo above.
In my mind, if you're going to plop down $625-$675 for a circ $10 Indian, why not pony up to the $775-$800 level for an MS63 1926/1932 or even $1100 for an MS64? Those probably have some leveraged potential down the road if/when gold ever comes back. Who knows, if gold goes down another $100-$150 from here, those $10's will be $75-$150 cheaper ($625-$725 for 63's).
As for the play on gold, when gold goes up these follow the rise in value and when gold goes down, they don't fall as much.
I'm not going to go into the math here, but to the science.
In my opinion your approach will yield you pleasure, though one must step up to the plate a little higher to ensure a solid future.
Your coin does not look AU, or XF. However, putting them together in series is quite a good time, and challenge. My humble opinion.
Local show purchase for 10% over melt.
May have to do an S mint run from 08-15. Looks like some good dates in there.
Quite some premiums in PC plastic for 53-55 AUs and some have about the same luster and skin as this one.
Any advice out there?
Is there collector support for decent AU S mint $10 Indians? Or should I just stay close to melt and load up on random common dates if I'm swimming in the shallow end with US pre 33 gold coins in general?
The 8, 11, 13, & 15 are great S minted dates to tuck away.
gold, and for the right price, I would have picked that one up....right price being a tad
over melt... Cheers, RickO
Maybe not a 1/2 ounce of pure gold, but when brand new the $10's were 0.48375 ounces of pure gold. That's a 3.25% difference which is not all that significant when the price of gold itself is down 43% since 2011. For an XF/AU $10 maybe that's 0.47 ounces.
Point well taken. And with that , let's consider a VF @ approx. 0.45 ounces (if we wish to go into the math, gold is up about $10 today) , which over the course of a lot of coins (VF to XF) , could add up significantly , despite the drop in prices and the closing of mines.
Local show purchase for 10% over melt.
May have to do an S mint run from 08-15. Looks like some good dates in there.
Quite some premiums in PC plastic for 53-55 AUs and some have about the same luster and skin as this one.
Any advice out there?
Is there collector support for decent AU S mint $10 Indians? Or should I just stay close to melt and load up on random common dates if I'm swimming in the shallow end with US pre 33 gold coins in general?
The 8, 11, 13, & 15 are great S minted dates to tuck away.
Exactly the dates I'd be quite interested in.
However if there's no place for sub PC58 or even PC63 demand then it just becomes a numeral on a coin and might as well buy common stabbed in better grades. Just trying to find if there's a collector sweet spot that doesn't break the budget. Hey I guess it's up to the individual.
And yes yes yes my photo shows the dog for what it is....a "details" coin : )
But honestly looking at blown up photos of slabbed 50's, being new to this metal, I wonder how they arrive at AU designations.
I'm trying to steer my focus on AU, and unfortunately came across making this one a poster child! I'm humbled ??
Local show purchase for 10% over melt.
May have to do an S mint run from 08-15. Looks like some good dates in there.
Quite some premiums in PC plastic for 53-55 AUs and some have about the same luster and skin as this one.
Any advice out there?
Is there collector support for decent AU S mint $10 Indians? Or should I just stay close to melt and load up on random common dates if I'm swimming in the shallow end with US pre 33 gold coins in general?
The 8, 11, 13, & 15 are great S minted dates to tuck away.
I am a fan of those as well. They get expensive in low MS.
Latin American Collection
Maybe not a 1/2 ounce of pure gold, but when brand new the $10's were 0.48375 ounces of pure gold. That's a 3.25% difference which is not all that significant when the price of gold itself is down 43% since 2011. For an XF/AU $10 maybe that's 0.47 ounces.
Point well taken. And with that , let's consider a VF @ approx. 0.45 ounces (if we wish to go into the math, gold is up about $10 today) , which over the course of a lot of coins (VF to XF) , could add up significantly , despite the drop in prices and the closing of mines.
That slight difference in weight can easily be countered by being selective in your buying such as choosing only the more eye appealing and original specimens....or finding AU coins in XF45 holders. There's always a way to get that 3-5% back. Forum members routinely "brag" about paying an extra 10, 15, 20% (or more) over sheet for the right specimens. I'd be happy to pay an extra 5-10% on a superb quality, fully original AU58 S mint $10 Indian. The slight difference from being 1/2 ounce in gold is secondary. The quality of the coin is primary. These are still scarce coins, they just happen to be made of gold, which is a nice cushion to be able to fall back on. There's not much silver bullion cushion under a 1916-s Walker in AU. There are similarities in scarcity between an AU 1916-s $10 Indian vs. 1916-s Walker. It's also the case that there is much larger demand for that Walker.
That had to be about 1975.....
On paper the 8 & 13 look tougher but in reality the 11 & 15 are.
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