What do you think of this gold dollar?
Rampage
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My scans stink, but it was the best I could do in a hurry. Good date? Fair grade? Decent looking coin? I was just looking for a mintmarked type coin for the collection and this was the best I could do at the time I bought it a month and a half ago. Thanks, Richard.
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Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
roadrunner
<< <i>Enough luster to possibly warrant an Au grade. The reverse is especially lustrous. Being an O mint it probably didn't come fully struck.
roadrunner >>
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Too much wear to be an AU. Nice XF45. Are you going to get it slabbed? It would be interesting to see how they grade it. >>
It is the only gold coin I own, so I don't want to submit just for a single coin, It will cost too much I think.
with only 14000 minted, this is one of the best New Orleans gold dollars to have.
<< <i>with only 14000 minted, this is one of the best New Orleans gold dollars to have. >>
Better than the 1855-O gold dollar?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
but according to QDB, only about 400 of the 50 Os survive, while about 1200 of the 55 Os are still around. The 50 O is very elusive in mint state, with about 50 extant.
<< <i>The 55 O carries a higher price because it is..well..a T2.
but according to QDB, only about 400 of the 50-O's survive, while about 1200 of the 55 Os are still around. The 50 O is very elusive in mint state, with about 50 extant. >>
I'd have to question QDB's estimate on this as that works out to be 2.8% survival rate, which would be huge for mid-19th century silver. I haven't tracked gold survival rates in the 1850's but the better date seated coins of this era are in the 0.2 to 0.5% range, with 1% being about the tops. A seated coin with that mintage from the 1850's to 1860's would probably have a survival rate of around 100 pcs....150 tops. I could see gold coins having a higher survival rate than silver coins, but not 3X to 4X different. Any other thoughts on survival rates for New Orleans gold of the 1850's. Being a small gold coin one would think that many were lost over the years and possibly donated to the "cause" during the Civil War. Was anyone hoarding early O,C, and D gold back then because of very low mintages?
roadrunner
The old silver no doubt had more heavy circulation wear, the AG and G coins we see today must only be the tip of the iceberg of these that ended up being withdrawn from circulation back in the day.
Gold, small gold, circulated at different periods in different areas. Early gold dollars from New Orleans mint are usually more circulated in relation to Philadelphia issues....this is also true of the type 3 gold dollars from San Francisco. Also, the Federal Government actively withdrew the small T1 gold dollar from circulation...melting nearly 90% of these by 1873 or 74. The first melts took place prior to the civil war, and account for the large mintages of 1861 and 1862 issues. This 'withdrawl' was not extended to the coins circulating in the west., but I am not sure if it affected the south. A lot of southern gold no doubt went overseas to pay for arms and supplies, much the same as it did with northern gold.
The toughest "O" mint dollar to boot.
'dude