I just bought my first $10 Eagle

I always love gold @MrMonkeySwag96.

I like it a lot. Good choice, congratulations.

Don’t you just love it?

Congrats, and that is a cool coin/holder combo. I don't have a $10 lib yet.

Very nice, congratulations !!!

Attractive coin and holder👌🏻

Hang in there! If you are studying a major that will get you a job after graduation, you will have more money for coins when you start working. That’s how it worked for me. My degree in accounting paid paid the bills.

In a conceptual world I would gotten a degree in economics or even history, that would have required two more degrees and a less certain economic future.

Congratulations on your first full size beauty.

Now you need to get a $10 Indian to go along with it

I don't think you'll regret buying that gold. Nice move.

Everything about the holder, the gold, the history, etc. has been stated. I'll comment just on the coin. Pretty scruffy imo for a MS62. I'd grade it 61. There are much better out there in PCGS and NGC holders. The reverse is certainly of decent 62/63 quality. But the obverse could just as easily be graded 60/61 next time. At PCGS it could even grade AU58. When it comes to generic gold you can look through many of these and cherry pick a high end 62 or 63 coin residing in a 62 holder. That would be my advice. That is more important than the holder.

Current premiums have lumped the price of XF/AU's to 63's in almost the same price range of $650 to $680. A slabbed MS63 is the no brainer better buy here at a 5% premium to an XF. And you can certainly find fresh and pq looking 63's for almost no premium. The same applies to all generic gold.....63's are typically the best value right now....with 64's not far behind. I'd always favor a pq 63 or 64 coin over the generic low end pieces that litter the market. Find a fresh deal of gold coins that has been kept hidden for 10-20 yrs. Buy from the dealer offering those at sheet money.

Recall that common date MS63 $10 Libs/Indians have been priced as high as $2500 back in 2009.....and up to $1550 in 2011. While we will never see those 4X premiums to spot in the future. The 63's could easily recover a small chunk of those premiums should gold decide to bounce back years down the road. At $1500 gold I could see these MS63's advancing at 2X the rate that the spot gold does. The potential is much greater in the 63's and the downside risk is only 5%. I think we'd all be surprised at how quickly slabbed US gold coins get gobbled up again should gold re-enter a recovery phase as demand would shift well outside the current "collector only" phase we're in. $5 Libs, $10's, and $20's will all respond well in the 63 to 64 grade. During gold's 2002-2011 run up....the best performing US gold coins were MS63 $20 Libs. The $10's carried more premium to their intrinsic gold so didn't do as well.

We're never forced to settle for something from one seller. There are always more sellers, more coins, and almost always a better price around the corner, especially with MS 61-63 gold.

1000 coins surviving is actually a lot for most 19th century gold or silver. I once estimated that out of the seated quarter series (1838-1891) that 85% of the series had surviving pops under 1000. It's probably very similar with the $5 and $10 Libs. Official mintages are often useless. Wth the 1884-s $10 (mintage of 124,250) a PCGS pop of 512 is pretty hefty if one consider there might only be a dozen or a couple dozen collectors building a MS set of $10 Libs (figure another 500 in pops on the NGC side...not to mention all the circ coins not worth grading as they trade near spot).

Even if the MS61 grade, any premium to melt on an 84-s will probably be swallowed up on the next major move in gold....maybe even the MS62 grade. Only the top dozen or two (out of 100+) of the MS 62's will have a claim on being included in better date pricing potential. The best buy will continue to be generic coins in 62-64 with eye appeal and slightly fewer marks than normal. I think over time better date 19th century gold will continue to lose premiums to gold spot for all but the truly scarce dates and keys in each series. The bulk of demand for slabbed gold will be from those looking for type coins and/or an attractive piece of gold. Common dates will outperform most better dates.....which is exactly the opposite for most non-US gold coin series.

A LOT of nice examples here!!

I like the OP's coin. Looks great in that slab with the gold label!!

I think it looks fine for a 62.

👍

@roadrunner said:
We're never forced to settle for something from one seller. There are always more sellers, more coins, and almost always a better price around the corner, especially with MS 61-63 gold.

This is a great post from Roadrunner...thanks for your taking the time to provide your insights!!!

Just so I understand this: "Common dates will outperform most better dates.....which is exactly the opposite for most non-US gold coin series."

Is this due to the continued rise in the price of gold??

@roadrunner said:
The price of gold is the biggest driver. But other inputs include the ever-increasing pops on the gold coins as they filter in from around the world and from formerly strong hand holders. The irony here is that even without an actual supply increase, re-submissions of the same old coins "appears" as population increases and acts as a price suppressant. Gradeflation is another one. As better date gold coins get pushed up a grade (or +) at a time, that essentially suppresses prices, especially on the lower grade specimens. And if the old grading inserts aren't returned or accounted for, it's a population increase. Despite pre-1933 classic US gold coins not having been minted in decades, that's a raw coin factor. The other half of the equation are slab populations. Slab pops have never stopped increasing....in a sense, it's like a new coin being minted.

Better date and semi-better date gold (but not necessarily KEY date gold) has been under assault since around 2006-2009. And it has not corrected itself much when the gold price fell from 2011 through 2015.

It would do the business good to have the duplicate purged from the data. Great point here. I have not thought about this is a while. The industry recognizes this when it comes to the Six figure coins, but anything below seem to not matter.