Trade bullion gold for liberty gold

I was at my local shop the other day and I noticed that he had for sell a $5 1891 cc gold piece and a 1892 cc in $10. The five dollar was very high grade au and the ten dollar was a very attractive au piece. My question is, is it worth trading a 1 oz gold eagle for the ten dollar gold coin? If you answer yes then me why? Which one would you trade for?

 

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I would grab that 92-cc as fast as you could. Is an easy 2k coin in any au grade. Personally I'd have left with both if the price is right. Cc gold always an easy sell. The 91 $5 with a mintage over 100k is fairly common but still real salable the 92 $10 has a mintage of 40k and with attrition and melting far rarer then any modern billion coin. And has better long term collection and numismatic value that won't fluctuate with the price of bullion. Just make sure there not cleaned or problem coins first. And real!

 

Check for cleaning a lot of times gold that's been dipped has an unnatural gloss to it and check the rims for signs of solder or damage from being jewelry. And check the weights the $5 should be 8.35 g the $10 should be 16.71 g if there real and problem free you could easily flip the $10 for more then enough profit to buy another gold bullion eagle and have money left over or itd be a great addition to your collection

 

If the 1892cc has not been cleaned I would recommend trading for it. However if it has been cleaned the value is destroyed, so my advice is try to get the 1892cc $10 but be careful that it's not been cleaned.

 

I'm heading back in today to look at it if he still has it. It did not appear to gave been cleaned however I need to take a closer look at it and check for hairlines. I've i do et it I'm thinking it would be a great coin to send to Anacs while they are offering free grading on two coins than post some pics and than place it into the collection. When I first saw it it felt like the right thing to do but my knowledge meter on Carson city gold is not very high so I didn't feel like it would have been an educated decision and that's when I have been burnt in the past.

 

If you end up trading for it I would like to see some pics. Please post some, I'm a big fan of Carson City Coins.

 

Any news? What did you do ?

 

Well thanks for asking. It's kinda a long story. I went back. I took my father as he needed to get out of the house before he drove my mother crazy. He looked at them and feel in love with the $10 coin. I had to let him get it as I remember him selling his prized us gold and world gold coins back in the early 80s during the recession. Later in live I found out it was over about three years so me and my sisters could have christmas.

I ended up buying the 1891 $5 dollar along with some world silver coins. Once I got it home I packed it up and sent it into Anacs as one of my two coins for free grading. I'll post pics once it comes back. Not sure if my father will let me take pics of the $10, but if told him if he needs to sell it I know someone who will take it off of his hands.

 

I was going to suggest you shouldn't trade for the $10 Gold coin if you needed an explanation about trading a chunk of bullion for a classic $10 CC coin.

I would rather suggest that you should send the information to me who would love to have the piece in my collection, and if the coin wasn't abrasively cleaned, I'd trade him a PR70 certified Gold Eagle.

You can inform your father that there are 2 interested trading partners. LOL

 

Just 2?

 

good move

 

Ha the third one was the most worn of the three probably a fine to vf at best and he still wanted some big money for it.

I did pick up a 1847 $5 charolate mint in a ngc details holder it was an old jewelry piece. Even at that it cost me a few c-notes but it was the first charolate mint mark piece I've ever seen. Utah is a long way from Carolina. It's a special piece as my grand mother is from the Carolinas and the Mormon pioneers entered and settled utah in 1847.

 

Very cool pickup. Only got a well worn 1854-c $5. That early southern gold very tough to find in any condition My juts 2 comment was just 2 interested parties if he decides to get rid of it as I'd be a third

 

How can you get 2 certified for free at ANACS? looking at their site, I only see the $10 Silver Dollar/Lincoln special.

 

I'll

It was a special that they had during the Holidays and it ended on Jan 10 if memory serves me right. Right now you have the $10 special but I think you have to submit ten coins.

 

Oh well, don't need any VAMs graded right now. I've got some raw classics that I'm saving for a PCGS batch. Would have thought about ANACS for a couple of the lower end coins if it were free....

 

With vintage gold as you describe, I would prefer NGC or PCGS certification - and if they are actually certifiable, not details, they will be worth 30 to 50% more in NGC or PCGS holders than any other TPG. I know this from buying and selling. I always expect a vintage gold coin in an ANACS holder to sell for considerably less - and if I believe in the coin, I'll break it out and send to NGC. With luck, it can work out. This would be especially true of the 92 $10, which is a pretty valuable coin in a full grade N or P holder. I bought a 91 $5 cc in a PCI holder - xf45 - broke it out and sent to NGC - came back au58. Gold coins I've owned in ANACS holders have proven difficult to sell unless seriously discounted. But you never know, sometimes you can take advantage of that situation.

BTW, the OP says he saw these coins in his local shop - I assume it was a coin shop. These days I think it would be hard to find a coin dealer who wouldn't send a rare gold coin (all CC's are in that category I suppose) in for NGC or PCGS grading if they thought they would grade. So I would always assume that dealer owned rare gold that is raw is unlikely to grade - but then you never know for sure.

duk

 

With you all the way. Me they'd be on their way to pcgs assp I like them better then ngc on gold. Ngc fine too but that'd be it for me getting graded

 

It's odd, but I have a preference for NGC because of the way the coins look in them and their "consumer" services are really good - so I tend to send raw coins to them for grading - but of course it matters not when buying already certified coins. I've had good luck getting CAC certification on appropriate coins certified by either one. I a lot of folks prefer the look of PCGS. ANACS is good for lower end silver - just so people know it's "real" I suppose.