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1885 S $5 Gold Coin
gene1978
Posts: 773 ✭✭✭
Is this coin worth buying at $450? Friend of wants to sell it and asking me for vaule. I do not buy or deal in gold coins. So I am asking for your opinions. Thanks for your time.
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$450 is about dealer bid right now on low end UNC $5 pieces. I think that's a fair price assuming it's original surfaces. It looks a little messed with, possibly cleaned from the obverse shot. I can't tell 100% from the images.
A raw, common date gold $5 with rim damage is worth melt or about $422. I'd offer $425 but this is a coin I wouldn't really want to buy.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
If you're already spending $450 may as well spend $100 more and get a nicer piece. Gold is much more liquid in higher grades. It's so much easier to move good gold.
I'd pass.
No not for me
I would call the local B&M. Ask what they would offer and offer that or a bit less. That coin would be more of a bullion play than a collector piece.
It's a nice AU half eagle...
Why are you posting the same coin on the coin forum and the BST simultaneously?
Nope, pass !!! :'(
It has rim damage so it is not nice in my opinion. It's a bullion coin.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I like gold coins, however, I would not purchase that coin...Rim damage, surface looks as if it has been harshly cleaned....Cheers, RickO