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Charlotte and Dahlonega collectors and enthusiasts
RYK
Posts: 35,801 ✭✭✭✭✭
I just got off the phone with the folks from the Gold Rush Gallery at FUN. 
Anyone who has been looking for a collector grade VF or XF (or low AU) Dahlonega or Charlotte piece should really give them a buzz this week.
They just bought a pretty killer collection of original, circulated material.
Gold Rush Gallery website They do not update the website as often as others, and they do not do images well, but the descriptions are accurate, and they are honest and will not be happy unless you are.
Anyone who has been looking for a collector grade VF or XF (or low AU) Dahlonega or Charlotte piece should really give them a buzz this week.
They just bought a pretty killer collection of original, circulated material.Gold Rush Gallery website They do not update the website as often as others, and they do not do images well, but the descriptions are accurate, and they are honest and will not be happy unless you are.
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Comments
This is probably going to get under your skin, but here it goes.
There is no hurry to buy these coins. They are expensive and in
most cases very ugly. If they are so rare, raw and slabbed, I would
not see 100s if not thousands of them for sale on a monthly basis.
Every auction has them. every. If you want, you can double up
the 1500 you "planned" to spend and maybe get an example
that actually has orignal surfaces.. maybe. highly doubtful though
with the prices I see.
So in summary, wait until this market cools before buying these coins. The majority do not deserve their price.
Imagine 3000 dollars for a half eagle in XF that has a bit of luster,
a weak strike, and if truly truly lucky, not cleaned/dipped to hell
and back.
forgive me RYK, but this is how I feel.
i may edit this after i reread it a few times. thanks.
examples not really needed.. most here know what i mean by
a half eagle that has a dead look to it.
Suit yourself!
Thanks for the info!
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)
two years from now i may be singing a different tune.
This is probably going to get under your skin, but here it goes.
There is no hurry to buy these coins. They are expensive and in
most cases very ugly. If they are so rare, raw and slabbed, I would
not see 100s if not thousands of them for sale on a monthly basis.
Every auction has them. every. If you want, you can double up
the 1500 you "planned" to spend and maybe get an example
that actually has orignal surfaces.. maybe. highly doubtful though
with the prices I see.
So in summary, wait until this market cools before buying these coins. The majority do not deserve their price.
Imagine 3000 dollars for a half eagle in XF that has a bit of luster,
a weak strike, and if truly truly lucky, not cleaned/dipped to hell
and back.
forgive me RYK, but this is how I feel.
fc,
No comment!
Check out the Southern Gold Society
this may or may not be a good question, but it popped into my head.
Do you get the feeling of deja vu when viewing Southern gold
because you keep seeing the same examples for sale year
after year?
If so, this is probably the confusing aspect of collecting D half eagles
giving me the illusion of a population that is not as great as I think.
because you keep seeing the same examples for sale year
after year?
The nicer pieces for the grade quickly get absorbed into collections and do not see the light of day (or at least the light of the bourse or the auction room) for decades. The doggy ones do circulate quite a bit.
The great thing about coin collecting, like most hobbies, is that you do it to please yourself. Today, I ordered my third (not second) 42-D SD $5. I ordered it without a picture, but solely on the recommendation of a friend. He said it was awesome for an XF-45, and I believe him. I understand my area of interest better than those working outside it and better than most general coin dealers and am very comfortable with it. There is nothing that you (or anyone else outside the specialty) could possibly say that would rock me.
I imagine the coins you are talking about sell for much higher
than the grade on the slab. So someone new to your specialty
will be surprised why his newp, an XF from a TPG, looks nothing
like yours. That bothers me quite a bit to say the least.
The great thing about coin collecting, like most hobbies, is that you do it to please yourself. Today, I ordered my third (not second) 42-D SD $5. I ordered it without a picture, but solely on the recommendation of a friend. He said it was awesome for an XF-45, and I believe him.
No return policy?
I understand my area of interest better than those working outside it and better than most general coin dealers and am very comfortable with it. There is nothing that you (or anyone else outside the specialty) could possibly say that would rock me.
Ahh that is why I like this place but I will keep trying.
No return policy?
Of course, there is a return policy. Since I have never had to return before, I doubt that I will now.
If someone wanted to purchase a D half eagle but had limited
funds, what would you recommend them do? (less than 600 a coin).
It appears the savy southern gold collector would just turn up
their nose at the idea of collecting such pitiful examples. That is
why I always appreciated Fatman's outlook or point of view on this.
He seems to be more accepting of a dirty old F12. LordMarcovan
would be thrilled to find such a coin for his collection.
Do you consider those just plain uncollectable due to a barely
seen mint mark or just the ugliness of rough circulation?
I know I like the look of XF and up. I plan to examine two 35s soon,
but do you think an F12 will look wrong in the mix?
Answer any part you wish or not at all, thanks. Anyone else can
chime in please.
I think you've totally missed the point of RYK's posts (among other things).
The "savvy" southern gold collector is interested in acquiring coins that are as "original" as possible and as attractive as possible for the grade.
That means that such a collector would walk right past a dipped AU-55 coin (no matter how cheap it is) and would instead jump on an original, crusty VF-30 (even if they have to pay up for it).
Believe me, no sophisticated southern gold collector would ever look down his nose at an original, no-damage-just-wear, F-12 coin. In fact, I would be impressed as all he!! at seeing such a coin. Can you imagine the odds against a coin seeing that much circulation without picking up any rim dings or major scratches?
I can pretty much guarantee you that an undamaged, original F-12 D- or C-mint coin is much rarer than an nice AU example - and the "savvy" southern gold collectors know it, too!
Check out the Southern Gold Society
It appears the savy southern gold collector would just turn up
their nose at the idea of collecting such pitiful examples.
Nothing could be further from the truth. The savviest folks I know are more interested in originality and eye appeal for the grade than they are about the number on the holder or the rank in the condition census. Of course, you could say that about most coin collectors.
good posts both of you. i will strive to remember to look for gold
coins that are original for the grade, and not fixate on the distracting
holder.
thanks
This is probably going to get under your skin, but here it goes.
There is no hurry to buy these coins. They are expensive and in
most cases very ugly. If they are so rare, raw and slabbed, I would
not see 100s if not thousands of them for sale on a monthly basis.
Every auction has them. every. If you want, you can double up
the 1500 you "planned" to spend and maybe get an example
that actually has orignal surfaces.. maybe. highly doubtful though
with the prices I see.
So in summary, wait until this market cools before buying these coins. The majority do not deserve their price.
Imagine 3000 dollars for a half eagle in XF that has a bit of luster,
a weak strike, and if truly truly lucky, not cleaned/dipped to hell
and back.
forgive me RYK, but this is how I feel.
i may edit this after i reread it a few times. thanks.
examples not really needed.. most here know what i mean by
a half eagle that has a dead look to it.
I'm compelled to jump in here also... if you take a look at C & D mint coins that continue to show up in auctions inventories, you'll note that in most cases they are the same coins... submitted by dealers, or listed from one dealer to another, who can't sell them, due to being overly scrubbed or chewed up. Although some dates are generally available throughout the year, some dates are downright rare, which makes putting together a collection quite the challenge. Comparative to rarity... how many supposedly rare 1909-S VDB, or 1916-D Mercs, or 1916 Standing Lib Quarters... etc, etc... can one find in just one (1) single auction, much less over the course of one year? Multiples in many cases...
The 'Dude
<< <i>Oh, by the way, there are quite a few of us southern gold nuts out there. The coin below sold at Heritage for Trends...for the next grade up and is probably not an upgrade candidate. Collecting Dahlonega gold has been an area of spirited interest for at least 100 years. I feel a lot safer in Dahlonega than many others areas of the coin hobby/market. >>
And as the one who paid well over trends for the second finest known of this date in MS62, this makes me very happy.
<< <i>It appears the savy southern gold collector would just turn up their nose at the idea of collecting such pitiful examples. >>
fc... Carl Lester, a long time Dahlonega collector and published author on Dahlonega coinage, purchased a no problem original PCGS AG3 Dahlonega Half Eagle at the FUN show and every D mint collector around agreed it was a great buy. We love a well worn no problem coin as much as anyone.
hey now, stop bidding on these low grade but original coins and start
messaging me, you found my first D or C half eagle! I can find my first O
fine thanks when the time is right ;-)
original crusty pleasing appearance.
it is probably for the best I wait and look at more of these before purchasing.
starting out with S and P does have benefits in that sense. Learn without spending
big money, stay close to double spot or less in most cases, and read/study/etc...
i wish there was more action among gold collectors. it appears most stay offline
huh?