The only thing I can fault you for is buying off ebay - I'd recommend going to coin shows first and looking at a lot of these before buying one. Some 63s are better than others. Be careful about buying four figure coins before you know the difference.
All that said, a 63 Indian in an NGC holder is always liquid. But, I'd recommend you go to a show and offer this coin around to make sure you understand *how* liquid before buying any more of them.
<< <i>The only thing I can fault you for is buying off ebay - I'd recommend going to coin shows first and looking at a lot of these before buying one. >>
Fair point but not really an option for me. I live in Seattle, and there isn't much nearby...
<< <i>Be careful about buying four figure coins before you know the difference. >>
Will do. One reason why I pulled the trigger is that it wasn't (quite) four figure.
"The greatest productive force is human selfishness." Robert A. Heinlein
My first numismatic purchase ( for me - meaning something other than US Mint product ) was made about 4 years ago. It was a 1932 $10 Indian PCGS MS63 purchased off eBay for about $500. Looks like a bit of a bargain now but at the time I thought I paid a little on the high side.
Tried buying an MS64 1911 about 6 months ago for $1850. It didn't look much better than my MS63 1932 and in fact it looked wizzed. Needless to say, it went back to the very top-level Dealer. It seemed to stay in the Dealers inventory for a looooong time - guess that means it was a real dog.
Looks like you got a decent coin at under market wholesale levels. Good job for your first purchase. PCGS/NGC generic gold without spots is a nice place to be at the moment. I can think of far riskier purchases with one's money. Unlike silver and copper coinage which is all over the map wrt to color and eye appeal, gold is fairly neutral. Count marks and assess luster and that's about it. Strike is rarely an issue on later gold coins.
What, you paid the equivalent of 5C for a Penny ($200+ melt value on that $10)? Most forum members spend far more than 5X melt/face value for their coins.
Always took candy from strangers Didn't wanna get me no trade Never want to be like papa Working for the boss every night and day --"Happy", by the Rolling Stones (1972)
It just arrived, and it's very nice - but I need to show it to "a pro". It has great luster, which cartwheels very nicely, on both sides. It has a couple small nicks that were not visible on the pic.
"The greatest productive force is human selfishness." Robert A. Heinlein
Looks very good for the grade and at current prices you didn't hurt yourself at all. Nice pick-up. Hopefully, you will image it for us when you get it home. Congrats!
<< <i>I'd recommend going to coin shows first and looking at a lot of these before buying one. Some 63s are better than others. Be careful about buying four figure coins before you know the difference. >>
All "newbies" should read and understand the above quote by Coinosaurus until it's engrained in your brain.
Comments
<< <i>This is your first coin purchase?
First numismatic purchase, yes. I've bought bullion, and one 2005 proof $50 before.
Why the
Robert A. Heinlein
I see nothing wrong with the coin.
The only thing I can fault you for is buying off ebay - I'd recommend going to coin shows first and looking at a lot of these before buying one. Some 63s are better than others. Be careful about buying four figure coins before you know the difference.
All that said, a 63 Indian in an NGC holder is always liquid. But, I'd recommend you go to a show and offer this coin around to make sure you understand *how* liquid before buying any more of them.
<< <i>The only thing I can fault you for is buying off ebay - I'd recommend going to coin shows first and looking at a lot of these before buying one. >>
Fair point but not really an option for me. I live in Seattle, and there isn't much nearby...
<< <i>Be careful about buying four figure coins before you know the difference. >>
Will do. One reason why I pulled the trigger is that it wasn't (quite) four figure.
Robert A. Heinlein
Nice looking coin, I think ... and I will echo exactly what Coinosaurus said ...
and add this ... unless something has drastically changed since I left in 1993, Seattle is an EXCELLENT coin town ...
in those days the PNNA shows rivaled any smaller regional show and were held quite often (quarterly I think)
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
<< <i>Why the
Most first time coin purchases are something other than mint state gold. Excellent pickup if you ask me.
Quite a first purchase!! Enjoy!!
My first purchase(s):
As a kid- 1843 Cent, probably grades G04 with corrosion damage.
As an adult when I got back into it- 1942-D Walking Lib Half PCGS MS66.
Great transactions with oih82w8, JasonGaming, Moose1913.
The coin looks nice- and that's some very nice keyword spamming the seller used!
Tried buying an MS64 1911 about 6 months ago for $1850. It didn't look much better than my MS63 1932 and in fact it looked wizzed. Needless to say, it went back to the very top-level Dealer. It seemed to stay in the Dealers inventory for a looooong time - guess that means it was a real dog.
Good job for your first purchase. PCGS/NGC generic gold without spots is a nice place to be at the moment. I can think of far riskier purchases with one's money. Unlike silver and copper coinage which is all over the map wrt to color and eye appeal, gold is fairly neutral. Count marks and assess luster and that's about it. Strike is rarely an issue on later gold coins.
What, you paid the equivalent of 5C for a Penny ($200+ melt value on that $10)? Most forum members spend far more than 5X melt/face value for their coins.
roadrunner
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Robert A. Heinlein
<< <i>I'd recommend going to coin shows first and looking at a lot of these before buying one. Some 63s are better than others. Be careful about buying four figure coins before you know the difference. >>
All "newbies" should read and understand the above quote by Coinosaurus until it's engrained in your brain.
BTW, nice coin.
jom
Nice!
One of the best looking designs on an American Gold Coin, imho.
Larry
Dabigkahuna
yes the coin will have a few ticks if not then it would be close to if not gem
and in general for ms gold it photographs much better than it looks in person