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Let's see if we can define some "pockets of value" in Type 2 Double Eagles...
Longacre
Posts: 16,717 ✭✭✭
I was taking a look at the blog of an excessively well known gold dealer. I will quote the following from the blog:
"Despite the fact that double eagles are easily the most popular denomination of United States gold coin with collectors and investors, there are definite “pockets of value” that the informed individual can locate with a little basic research. In the Type Two series the five Philadelphia issues that I mentioned above offer the collector alot of rarity for the money; not too [sic] mention an attractive large-sized coin with nearly an ounce of gold."
In the blog, he mentions some undervalued dates in the series. Rather than doing a Guess The Grade™, let's try to do an Impress the Coin Dealer™, and figure out among the collectors on these boards which of the dates are definite "pockets of value" that we can numismatically exploit if we were so inclined.
"Despite the fact that double eagles are easily the most popular denomination of United States gold coin with collectors and investors, there are definite “pockets of value” that the informed individual can locate with a little basic research. In the Type Two series the five Philadelphia issues that I mentioned above offer the collector alot of rarity for the money; not too [sic] mention an attractive large-sized coin with nearly an ounce of gold."
In the blog, he mentions some undervalued dates in the series. Rather than doing a Guess The Grade™, let's try to do an Impress the Coin Dealer™, and figure out among the collectors on these boards which of the dates are definite "pockets of value" that we can numismatically exploit if we were so inclined.
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)
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)
0
Comments
I love $20 Libs but have never been a fan of the Type 2s. There is one huge date which even SaintGuru would have to think twice before splurging: the 1870-CC. After that, there are some overrated CC issues, some fugly but not so common SF issues, a couple of mildly interesting Philly coins from the immediate post-Civil War period, and some really common boring dates.
I have always thought the Type 2's are sandwiched between the interesting and/or affordable, historic Civil War era Type 1s and the rare Philly Type 3s. That's my take. Your outlook may differ.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>In the blog, he mentions some undervalued dates in the series. Rather than doing a Guess The Grade™, let's try to do an Impress the Coin Dealer™, and figure out among the collectors on these boards which of the dates are definite "pockets of value" that we can numismatically exploit if we were so inclined. >>
I suppose I could just look at the blog (I think I can guess whose it is), but I'll guess 1867, 1868, 1870, 1872, and one other. 1874 I suppose.
Ed. S.
(EJS)
Even with the price increases they are still not yet overvalued.
For a common type coin I also prefer the type 2 Libs in AU-58 grades and better over that of the type 3 coins.
As far as pockets of value within the type 2 double eagles these are what I see are good values:
1868-P in any affordable circulated grade
1870-P in any affordable circulated grade
1871-P in any affordable circulated grade
1872-CC in any affordable circulated grade.
These are just some of the ones I like.
<< <i>I just like gold... to me, each one is a 'pocket of value' and I can compare my purchase price to going sales price to prove it.
Do you dip your gold too?