NEWP $5 Indian for the Type Set - (with a little help from my friends)

PeakRarities · February 2, 2023 4:35PM

Over the past several months, I've been communicating with quite a few other collectors from the forums pretty frequently. We discuss our collecting goals, the types of coins we're on the hunt for, and often will exchange opinions about coins available on the marketplace or coming up in auction soon. Im aware that many avoid talking about want list coins, fearing that others may compete in auction against them, but I've found that my relationships with other collectors help to enrich the "hobby" experience for me, and can be especially useful in situations like this. @Pedzola, who has a great eye for gold, was showing off his $5 Indian date set to me recently, and I had mentioned to him that I had been looking for a nice 64 or 64+ as my type coin. Over the past few weeks he had sent me a couple listings that were very nice, but weren't quite what I was looking for. Finally, this past week, he sent me a listing that made my eyes light up. This coin was in the HA "buy it now" inventory. I had noticed the the obverse was particularly clean, and the color was just spectacular. I sent an email to @MFeld to inquire and to gauge his opinion of the coin, and after stating "I like this coin" (For those that haven't communicated directly with Mark before, that means you should probably buy the coin 😂), he agreed that the obverse was especially nice for the grade, and the color really propped up the coins eye appeal. I sent off an Echeck and the coin was shipped within 2 business days.

The package arrived safely today, and I couldn't be happier with the coin. Although its one of the more common dates, these get really expensive in 65 and I think a 64+ is the perfect value grade. Half a point higher with a CAC sticker, and it would have been quadruple the price. Upon close inspection, you will see some contact marks on the obverse, but they're in inconspicuos locations that don't detract from the overall appeal. The reverse has contact marks consistent with a 64 grade, but again they're tolerable and not in prime focal areas. In my opinion the obverse is borderline 65 and along with its vibrant color, I think this example is well deserving of a +. Here is the TV and a photo I took in my bathroom, and I will also include the link to a video on my instagram page. Hope you guys like Floyd 🌈🤙

https://www.instagram.com/reel/CoLRXa-Nuqa/?utm_source=ig_web_copy_link

JonBrand83 · February 2, 2023 4:40PM

Very nice coin. Pedzola is a good guy with a good eye. Congrats!

P0CKETCHANGE · February 2, 2023 4:41PM

Superb! What a beautiful Indian, and the perfect grade. Congrats on the addition.

pcgscacgold · February 2, 2023 4:44PM

Very nice pick up @DeplorableDan

Congratulations and enjoy.

PeakRarities · February 2, 2023 5:06PM

Forgot to add, post ‘em if you got ‘em! I’d love to see some other $5 Indians from the forum so feel free to share

MFeld · February 2, 2023 5:40PM

Dan, I’m not surprised, but very glad you’re happy with your new coin!

You mentioned your relationships with other collectors. As much as I like looking at, buying and selling coins, I enjoy my relationships with certain collectors and dealers, even more. Sharing information, stories, opinions and ideas makes the “business” all the more fun.

FlyingAl · February 2, 2023 5:48PM

One can never overestimate the valuable opinion of a good trusted numismatist! @Eldorado9 and I discuss coins almost on a daily for this reason. I love the coin!

Cladiator · February 2, 2023 6:10PM

Having other collectors to interact with and share in the hobby is as important as the coins itself, imo. Nice pickup Dan, I think that one's found a home for a long time.

ps. Thankful we didn't get any unintentional views off the glare of the slab in that bathroom pic lol.

pps. Nice date!

Dscoin · February 2, 2023 6:23PM

Best design out there Dan. @pedzola and @MFeld are 2 fantastic guys to get approval from before your purchase. Congrats on a great coin!!
Dave

Here are a few from my set also in 64 CAC

Downtown1974 · February 2, 2023 6:33PM

That one is superb! A great addition for sure.

OldIndianNutKase · February 2, 2023 7:18PM

I love Indian coins and you can be very proud of your MS 64+ example. Your logic is perfect economically. I like your strategy of buying the highest economical grade and willing to upgrade if the situation presents itself.

Great Coin........will be a tough one to part with.

OINK

BryceM · February 2, 2023 8:20PM

This is a gorgeous coin in a grade that is enormously attractive (to me, at least). The price jump from 64+ to 65 is enormous, and really not worth it when you find a stellar 64+.

edwardjulio · February 2, 2023 8:28PM

Very nice example and that is a great bathroom light.

winesteven · February 2, 2023 10:10PM

Great pickup @DeplorableDan !

Here’s my one and only (from my Type Set). Yours is nicer!

Steve

batumi · February 3, 2023 2:19AM

@BryceM said:
This is a gorgeous coin in a grade that is enormously attractive (to me, at least). The price jump from 64+ to 65 is enormous, and really not worth it when you find a stellar 64+.

Nice 64's like the OP's, scream 'best buy'!

pcgscacgold · February 3, 2023 3:55AM

Finally back on my computer. Here is my 64+CAC type set coin. I purchased this one from Laura over at Legend.

For me the $2.50 Indian was the gateway coin to collecting gold. Looking back I wish I had started with $5's. If Early gold had not caught my eye I would do a date set of these.

I enjoy our conversations in PM's @DeplorableDan When I see there is a message from you I head to the checkbook to see if I have money to spend.

ricko · February 3, 2023 7:19AM

@DeplorableDan ... That is a very, very nice gold coin. The $5 Indian is a personal favorite of mine... You will be happy with that coin for a long time. Cheers, RickO

logger7 · February 3, 2023 7:28AM

Right on the edge to being a full gem, it looks better than the others I've seen in MS64.

crazyhounddog · February 3, 2023 6:43PM

Congratulations on such a beautiful half eagle. I too collect these beautiful coins. One of my favorite designs of all time.

NeophyteNumismatist · February 3, 2023 7:03PM

That's a very nice Indian. I love the incuse design on these coins!

Goldminers · February 3, 2023 7:23PM

This is my first $5 Indian, lovingly called Scarface. I just received it in the mail. I liked the toning.

PeakRarities · February 3, 2023 7:44PM

@Goldminers said:
This is my first $5 Indian, lovingly called Scarface. I just received it in the mail. I liked the toning.

😮 That coin is a drop dead gorgeous show stopper, and it has similar color toning to mine. I’m assuming that one is high end 65, right?

Goldminers · February 3, 2023 8:20PM

@DeplorableDan said:

@Goldminers said:
This is my first $5 Indian, lovingly called Scarface. I just received it in the mail. I liked the toning.

😮 That coin is a drop dead gorgeous show stopper, and it has similar color toning to mine. I’m assuming that one is high end 65, right?

Not quite. It felt it had a pretty good strike, but there are a few minor flaws. I will be collecting more of these to keep my other Indians company when I sell a few more moderns.

Mark also gave me excellent advice on a raw gold medal on Heritage that is now sitting in a PR68 holder. I had to dig deep into my pockets to win that auction, but it was well worth it.

asheland · February 4, 2023 1:43PM

A design that I’m very fond of, you did well buying that one! My five dollar Indian is the coin that made me step up my collecting standards, I was buying lower grade until I paid up for this one…

Then the rest of my collection kind of rose up to meet this one and I’m glad I did it!

And here it is with my 2 1/2:

NEWP $5 Indian for the Type Set - (with a little help from my friends)

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