PCGS graded AU-58 1896 $20 Liberty feedback.

kwmorgan · April 5, 2007 8:13AM

I got it yesterday for $57 above spot gold. I'm mainly a Morgan collector, but seemed like a really good deal. Agree/disagree?

cheezhed · April 5, 2007 8:14AM

A pic would be helpful.

ddbird · April 5, 2007 8:15AM

Relatively clean or baggy?

ziggy29 · April 5, 2007 8:16AM

Maybe, maybe not. Depends on how nice for the grade. If it's an "AU-63" caliber coin, it was a good buy. If it was a run of the mill 58 with the usual number of blemishes for a $20 lib, it's a so-so deal at best.

PerryHall · April 5, 2007 8:18AM

If it's a nice looking coin, it's a good deal. Downside risk is virtually nil.

ziggy29 · April 5, 2007 8:23AM

For point of reference, I bought this '99-S in November for what was then about $40 over melt (also PCGS 58):

PerryHall · April 5, 2007 8:26AM

Where do you guys find nice double eagles at such a good price? I'm sure luck and being in the right place at the right time have a lot to do with it.

kwmorgan · April 5, 2007 8:44AM

Trying to get you folks pics, but getting it to fit within 50Kbytes is like trying to fit an elephant into a shoebox. From the pics I have of it, does not look to be dinged up very much. I have MS-62 Morgans that are more dinged up than this coin. Most of the luster remains on the reverse with hardly any breaks in it. The luster is broken a bit in the main fields on the obverse, but a majority of it remains there. Markwise, in comparison to a Morgan it reminds me of MS63-64.

BECOKA · April 5, 2007 9:33AM

<< <i>Trying to get you folks pics, but getting it to fit within 50Kbytes is like trying to fit an elephant into a shoebox. From the pics I have of it, does not look to be dinged up very much. I have MS-62 Morgans that are more dinged up than this coin. Most of the luster remains on the reverse with hardly any breaks in it. The luster is broken a bit in the main fields on the obverse, but a majority of it remains there. Markwise, in comparison to a Morgan it reminds me of MS63-64. >>

Thats why we post on photobucket and just copy the [IMG] link they automatically provide into these threads.

kwmorgan · April 5, 2007 9:41AM

Here she is:

Thanks to BECOKA!!

BloodMan · April 5, 2007 9:59AM

I think it was a good deal. At $57 over spot, as Perry said, there is little downside risk. Coin has some wear on the coronet and hair, and strike is perhaps a little weak on the central portion of the reverse. The surfaces are fairly clear of major hits, without the wear might grade MS62. 1896 is a common date in the series.

RedTiger · April 5, 2007 10:02AM

Spot +$57 is a so-so deal for AU58. A careful shopper or one with good connections can do better, especially with gold on a bit of a run. A lot of sellers refuse to sell for a loss, so when gold moves a bit up, it makes it easier for them to sell at a good price.

MJPM is asking $725 for generic $20 Saints PCGS 62 with gold closing at $673, and raw $20 Liberty's AU ask at $697. Again, a careful shopper or someone who can find a motivated seller can often do better than those prices. I do find it to be a good reference because it has live bid and ask pricing.

MJPM link

kwmorgan · April 5, 2007 10:04AM

I thought it was an affordable addition to the $1, $2.5, $5, $10 and $20 gold set I am working on. Just $1 and $2.5 remain now. You echo what I felt, Bloodman. An MS-62 with AU-58 wear.

PCGS graded AU-58 1896 $20 Liberty feedback.

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