did my dad overpay

GR · May 6, 2013 12:10AM

Hello, im from the sports forums but my dad went to an auction and paid some cash for a gold coin, wondering if somebody could give me a value. 1908 2.5 dollar indian head gold piece graded Ms-64 by Ncg. Let me know thanks

tightbudget · May 6, 2013 12:13AM

I hope you mean NGC in which case I would say somewhere around $950-975 is a fair price.

If you really mean NCG, then melt.

AMRC · May 6, 2013 12:28AM

Hard to say as you did not include what he paid. But go Here and you can see what they retail for.

magikbilly · May 6, 2013 12:36AM

Hi, could be me, it is WAY before my normal rise time of 2pm.
But, I find these types of questions are best asked before the purchase...

Best,
Eric

AUandAG · May 6, 2013 12:38AM

<< <i>Hi, could be me, it is WAY before my normal rise time of 2pm.
But, I find these types of questions are best asked before the purchase...

Best,
Eric >>

Hmmmmm, maybe he did and just did not inform his son? Do you think GR would consult his Dad
on a Rookie Mickey Mantle card before buying?

bob

tlbrown · May 6, 2013 12:55AM

The average Heritage Auctions prices realized has them going between $1100-$1400 if this helps.

magikbilly · May 6, 2013 1:39AM

<< <i>

<< <i>Hi, could be me, it is WAY before my normal rise time of 2pm.
But, I find these types of questions are best asked before the purchase...

Best,
Eric >>

Hmmmmm, maybe he did and just did not inform his son? Do you think GR would consult his Dad
on a Rookie Mickey Mantle card before buying?

bob

>>

A very good point Bob. Like I said, I am still sleeping...or should be.
Bad day w/stress - not the time to shoot from the hip.

Eric

ricko · May 6, 2013 4:56AM

Values are relative.... even when the grade is stated, the coin may not live up to it's label.... Picture would help. Cheers, RickO

ColonelJessup · May 6, 2013 7:13AM

64 bid about $950
63 bid about $620.

Assuming lo-end maybe $800 sight-unseen for an NGC generic Indian QE.

YMMV

dlmtorts · May 6, 2013 7:44AM

There is a difference between an NGC graded coin and an NCG graded coin. The responses you have gotten from here, after the first one, are for NGC graded coins.

tlbrown · May 6, 2013 7:55AM

<< <i>There is a difference between an NGC graded coin and an NCG graded coin. The responses you have gotten from here, after the first one, are for NGC graded coins. >>

Good point. The HA auctions prices realized above were for NGC graded coins.

coindeuce · May 6, 2013 8:25AM

If the label on the holder actually indicates NCG, it is highly doubtful the coin merits the quality indicated. Your question may not be answered effectively until you provide more detail, such as high resolution images of the coin, and the price paid.

roadrunner · May 6, 2013 8:49AM

One major dealer is selling CAC 64's at $995.

1908's aren't as commonly seen as the common dates in the later 1920's.

GR · May 6, 2013 9:51AM

Yep ncg, and the auction was sunday and Im not an expert he did his own research and thought ncg was ngc, didnt notice they changed the letters. he paid $375 so the underbidder went to $350. Thanks

GR · May 6, 2013 10:21AM

If somebody knows how to post scans id be happy to take a picture of it and e-mail it to you to post for more opionions. Thanks very much for all your help, and nope I was told "im bidding on some gold" and I said, ok you go and do that then (: lol

roadrunner · May 6, 2013 10:49AM

NCG? Missed that. Best you can probably expect is a coin worth $300-$350. If the coin has been cleaned or polished...much less.

coindeuce · May 6, 2013 11:08AM

If the coin is a legitimate uncirculated example, he probably didn't hurt himself. A major distributor of certified pre-1933 gold has a current buy price of $410 for the 1908 $2.50 if it is graded MS-61 by PCGS or NGC. The issue for him is to qualify the technical condition of the coin, regardless of the company that encapsulated the coin.

GR · May 6, 2013 11:32AM

Yeah he wasnt looking to flip, just to invest in a small decent piece of gold. The 300-350 estimate sounds around where others at the auction thought it may go for.

did my dad overpay

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