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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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) 1974 - 1994 - The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. 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) 1974 - 1994 - The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. 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?
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?
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
.
Lol. Yes. I was using his number. Melt is more like $875
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.
Yes absolutely.