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Would you buy this? 1874 Gold dollar

Hey guys just bought this today for $70, was quite hesitant but it was my first gold coin and I didn't want to pass it up... Should I take it off the chain and put it in a case or leave as is and maybe even wear it? Thoughts?

Comments

  • kazkaz Posts: 9,265 ✭✭✭✭✭

    I think it should be worn. Either you or your girlfriend.

  • Spartcom5Spartcom5 Posts: 399 ✭✭✭
    edited June 9, 2017 11:11PM

    I was thinking of putting it in one of those coin bezel holders so it's more safe. But I'd have to crack the loop hole at the top off... thoughts?

  • JazzmanJABJazzmanJAB Posts: 1,028 ✭✭✭✭

    Leave it as is.

  • Spartcom5Spartcom5 Posts: 399 ✭✭✭

    Yea I'll probably leave it. After all it's been like this for 100+ years. I paid $70 for this whole piece, it was put together in 1905.

  • thebeavthebeav Posts: 3,901 ✭✭✭✭✭

    Looks like a great deal.
    Can you tell us a little more about the watch? That might be where the money is .....

  • Spartcom5Spartcom5 Posts: 399 ✭✭✭

    I collect watches and I can say the watch is nothing special! Really only like $50 but together like this as a piece that's been together for 100+ years it's worth a lot more. The chain is even dated to 1904, inside the pocket watch it's dated to 1905. I assume the coin meant something to the person as well although we will never know!

  • BillJonesBillJones Posts: 34,773 ✭✭✭✭✭
    edited June 10, 2017 4:39AM

    I would leave it as it is. The coin is in very bad shape. I think that it was holed and plugged before it was attached, rather crudely, to the watch chain. The 1874 gold dollar is a very common date, and in that condition the coin is of little importance. If it were an 1861-D or some other key date it would be a bit different, but not for this piece.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Interesting item and likely worth the price paid..... I would leave it as is.... Cheers, RickO

  • Spartcom5Spartcom5 Posts: 399 ✭✭✭
    edited June 10, 2017 4:26PM

    Thanks guys definitely the first I have seen! Still looking for a gold coin that hasn't been altered. I think I will take the coin off this chain and put it on a necklace and wear it to the next coin show. I doubt it can get any worse wearing it on a necklace. Only thing I am thinking is should I put the coin in a bezel and wear it like that or leave it and wear as is?

  • BillDugan1959BillDugan1959 Posts: 3,821 ✭✭✭✭✭

    To discuss in a general fashion: what makes people ask the group's advice when they have no intention of following it?

  • Spartcom5Spartcom5 Posts: 399 ✭✭✭
    edited June 10, 2017 5:21PM

    I wasn't not following the advice! I was just wondering if a bezel would be a bad decision. For the most part I am intending to leave it alone on the chain as was the advice given before!

    I just worry that the solder isn't as strong as it was 100 years ago and I'd be devastated if it were to fall off.

  • HydrantHydrant Posts: 7,773 ✭✭✭✭✭

    Under the circumstances, you made a good choice. I take it that you are somewhat of a beginner to be even asking. The price is good. Seventy bucks is pizza money. Many, many,....MANY, years ago I bought one just like it. The only difference was that mine was polished so heavily that it could be used to signal a ship at sea. In the dark. Under extreme foggy conditions. I thought I scored. I was young. I put it on a cheap chain and presented it to the future Mrs. Hydrant as a love offering. When I gave it to Her, she gave me the the " rolling eyeballs- big deal look." I was devastated. That was 40 years ago and I hadn't seen that coin since..............UNTIL. Last April my youngest son got married up in Salt Lake. Of course there was a photographer and lots of pictures. My favorite picture? OF ALL TIME???? It's a picture of me and the lovely Mrs. Hydrant surrounded by our nine grandchildren. In the picture, if you look close, Mrs. Hydrant is wearing that gold coin, on the cheap chain. Life is good. Enjoy it while you have it. You made a good choice. You never know.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,572 ✭✭✭✭✭

    It's one of them pieces that looks better in the pocket than in hand. A perfect pocket piece, as it were.

  • BullsitterBullsitter Posts: 5,875 ✭✭✭✭✭

    I like it, good deal.

  • Spartcom5Spartcom5 Posts: 399 ✭✭✭

    @TwoSides2aCoin said:
    It's one of them pieces that looks better in the pocket than in hand. A perfect pocket piece, as it were.

    It would have actually been hanging out of the pocket lol....

  • skier07skier07 Posts: 4,343 ✭✭✭✭✭

    For $70 your in good shape. The melt value of the coin is $61.52. Me personally, I'd leave the coin alone.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,572 ✭✭✭✭✭

    @Spartcom5 said:

    @TwoSides2aCoin said:
    It's one of them pieces that looks better in the pocket than in hand. A perfect pocket piece, as it were.

    It would have actually been hanging out of the pocket lol....

    @Spartcom5 said:

    @TwoSides2aCoin said:
    It's one of them pieces that looks better in the pocket than in hand. A perfect pocket piece, as it were.

    It would have actually been hanging out of the pocket lol....

    Actually it (watch) would have been in the vest pocket...lol. Keeping time, I suppose.

  • Spartcom5Spartcom5 Posts: 399 ✭✭✭
    edited June 11, 2017 10:46PM

    I thought you were referring to the coin not the pocket watch haha! Keeping the coin in your pocket with the watch... But yea the pocket watch sits in a watch pocket, the clip clips onto a belt where ever, and the coin hangs as decor.

  • Cougar1978Cougar1978 Posts: 8,765 ✭✭✭✭✭

    No

    Investor
  • TopographicOceansTopographicOceans Posts: 6,535 ✭✭✭✭

    I'd leave it as is and put it on my key ring.

  • TreashuntTreashunt Posts: 6,747 ✭✭✭✭✭

    Leave it!

    Great deal

    Frank

    BHNC #203

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,572 ✭✭✭✭✭

    @Spartcom5 said:
    I thought you were referring to the coin not the pocket watch haha! Keeping the coin in your pocket with the watch... But yea the pocket watch sits in a watch pocket, the clip clips onto a belt where ever, and the coin hangs as decor.

    Wouldn't it be cool if we (as a people) were still that stylish and cultured ?

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭

    I would pay melt.

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