Question on value.
Banknotes122
Posts: 74 ✭✭✭
In my area there is a local antique auction that has a bunch of Morgan, Peace, proof sets, and a 1909 $5 gold Indian head coin. Most of the Morgan/Peace dollars would only go for melt but my question is about the 1909 Indian.
It is hard to tell from the auction photos but I think it is in the VF range and looks to be problem free as far I can tell. What would you value something like that at?
Thanks in advance.
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Hi and Welcome To School! I say school because you'll be taught in many areas other than just coins. Such as, in ethics, manners and in business. Your question is not in my area of expertise. However, this Forum that you wisely decided to join, is pretty knowledgeable in a vast amount of topics. I'm sure, shortly after posting my post to you, someone will have an answer for you. Remember, post often and don't be a stranger. Most of all, remember always to have FUN! Once again, Welcome to our Forum. -joey
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.A hair above melt (not much numismatic value in that grade). If it is raw, be sure that it is in the correct fineness range (it might be a counterfeit). Don't bid unless you are sure of your ability to authenticate it.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
If the Morgan and Peace dollars are only selling for melt then it sounds as though they are selling too cheaply.
In honor of the memory of Cpl. Michael E. Thompson
Various resources such as the Red Book, the Greysheet, etc could help. I also highly recommend the Blue book for this case.
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2021 Young Numismatist of the Year
Regarding the gold Indian... be careful of counterfeits.... If you can get the Morgans at melt, go for it.. as TomB said, that is cheap for Morgans. Cheers, RickO