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The aging process of 20th and 19th century gold
coinlieutenant
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Thanks RR! Others in the set after the NEWP! I called Doug Winter the other day to ask him about his thoughts on the pursuit of two separate sets of coins, one in the 20th century, the other in the 19th century.
I don't know of any other person that knows more about US gold than Doug. He told me that I was going to have extreme difficulty with both sets, but for different reasons.
For the eagle set, his thoughts were to discourage me from trying it for two reasons. First is that it is uncompletable on my desired budget. Second, and more interestingly from a numismatic standpoint, that the aesthetic appeal of circulated coins from each century were dramatically different.
For Liberty gold, maybe one out of every 100 circs coins show plus eye appeal. For Indian Eagles and other 20th century gold, this number is likely 1 in 1000.
I thought this was an interesting statement and worthy of discussion. What are your thoughts on the subject, to include reasons why this differentiation exists if it exists at all.
I don't know of any other person that knows more about US gold than Doug. He told me that I was going to have extreme difficulty with both sets, but for different reasons.
For the eagle set, his thoughts were to discourage me from trying it for two reasons. First is that it is uncompletable on my desired budget. Second, and more interestingly from a numismatic standpoint, that the aesthetic appeal of circulated coins from each century were dramatically different.
For Liberty gold, maybe one out of every 100 circs coins show plus eye appeal. For Indian Eagles and other 20th century gold, this number is likely 1 in 1000.
I thought this was an interesting statement and worthy of discussion. What are your thoughts on the subject, to include reasons why this differentiation exists if it exists at all.
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bob
I think the $10 Indian set would be fine....just don't go after the 20-s, 30-s and of course the 1933. That will keep the set very manageable and not all that far from bullion.
The circ 1913 is interesting in that it has less bag marks or cuts than a typical MS64 coin.
...and more interestingly from a numismatic standpoint, that the aesthetic appeal of circulated coins from each century were dramatically different.
For Liberty gold, maybe one out of every 100 circs coins show plus eye appeal. For Indian Eagles and other 20th century gold, this number is likely 1 in 1000.
I thought this was an interesting statement and worthy of discussion. What are your thoughts on the subject, to include reasons why this differentiation exists if it exists at all.
19th century US gold had more silver content, in the early days, for starters.
second, the specie, assaying, and tech all improved in the 20th century (and closer to it).
finally, i believe that more coins were made from melted coin instead of native specie, by the 20th century.
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'dude
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I am confused by your post. This is why I am going for circ coins....not mint state.
John
siliconvalleycoins.com
Some possibilities:
1. Didn't circulate as much, more MS coins than VF/XF
2. Didn't have as much time to circulate
3. Different metal compositions
4. Different methods of production
What else?
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mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
1) Many AU coin got into MS holders making many of them less affordable for me
2) I found most Circulated examples ugly....especially the $5 Indian. The coin really REALLY needed to be choice AU....which again often leads back to #1.
I find that 19th Century gold "wears" better for some reason. You can find low end AU and even XF coins with luster around the stars and letters. For whatever reason you don't see that with the 20th Century coins...
jom
....I find that 19th Century gold "wears" better for some reason. You can find low end AU and even XF coins with luster around the stars and letters. For whatever reason you don't see that with the 20th Century coins...
jom
The PCGS ogh VF35 1908-s above has original surfaces and about 30-50% luster. Something tells me that if an early "teens" Walker had 30% luster it would not be graded VF35.
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Completely agree on the 5 Indians in circ. Doug specifically mentioned those in our conversation. I was trying to put an S mint set of the half eagles together too. I stopped after five of them. Only one had really good eye appeal. The others were marginal.
The 1908-S that brian sold me in this thread is phenomenal. Luster is way beyond what one would expect for a vf30. The 1907 below it is graded vt30!
I think the 10 Indian set is possible in circ if one excludes the three keys.
John
siliconvalleycoins.com