1885 $10 is this Eagle worth grading?
YQQ
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And if yes, what grade could be expected. I am in Canada and shipping and grading costs would be fairly pricy.
My knowledge about US gold coins is close to none.
I recently received this coin with part of a small Canadian collection.
Thank you all for your input
H
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Comments
I think it’s a nice coin but I wouldn’t see it being worth sending in. It would make it a bit more liquid for a sale as it would be authenticated but there’s not much premium over melt at this grade. Still, looks very nice.
I love dirty old gold! I think all pre-1933 gold should be submitted if for nothing else to be authenticated.
Your coin would fit well in my collection...
USAF (Ret) The purpose of Bourbon is to make you feel like you should feel WITHOUT Bourbon. Remembering RickO, a brother in arms.
There are countless gold coins that can be easily authenticated by many collectors and dealers and which don't merit the cost of grading and shipping.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I don't disagree. But there are lots of people out there (especially new collectors) that prefer authentication by a TPG.
USAF (Ret) The purpose of Bourbon is to make you feel like you should feel WITHOUT Bourbon. Remembering RickO, a brother in arms.
But why would I spend $75 I can't recover just to be able to sell to those people? I won't have any trouble finding a dealer to pay spot or over. Is the collector going to pay me $100+ over?
All comments reflect the opinion of the author, even when irrefutably accurate.
It is just a common date, circulated $10. Not worth slabbing.
From the perspective of some buyers, why buy a raw $800 coin when you can buy a similar one in a slab for roughly the same price and the likelihood of it being fake is slim.
From a seller perspective, why would I pay $75 (10%) to slan an $800 raw coin to sell it for $800?
All comments reflect the opinion of the author, even when irrefutably accurate.
We should buy that for $800. We can sell it as jewelry for more. Just send me $25 and call it even. You've got shipping to cover from your end
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Lol. Yes. I was using his number. Melt is more like $875
All comments reflect the opinion of the author, even when irrefutably accurate.
If it were mine, I would add it to my bullion stack..... Cheers, RickO
It's a nice coin, but like the others said, not really worth the expense to have it graded...
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@YQQ
We're joking and you have money on the line.
You have just seen American exceptionalism up close and personal
Go with @MFeld on this one.
I would pay a little extra for a slabbed melt coin in a TPG holder. Just me but I like gold coins in PCGS holders.
I'd keep in raw; when you are ready to sell it you could try a grading plus auction option like GC; or check with a gold buyer.
He'd be better off selling it raw on the BST Forum here. Common date Liberty $10's in circulated grades are essentially bullion. After you factor in the grading fee and the auction fee he'd probably get less than melt value.
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
It's a common date, with EF sharpness, that appears to be cleaned. I would say that it not worth grading.
Half the people here insist on grading everything.
I agree with you about the auction. Any dealer would pay more than you'd net at auction.
All comments reflect the opinion of the author, even when irrefutably accurate.
Yes absolutely.