1810 Capped $5 Gold (Small Date) (Tall 5)

1810 Capped $5 Gold (Small Date) (Tall 5)




These pictures are taken IN A SLAB, so remember these pics are UNDER PLASTIC...

SIMPLE, Is it cleaned?
What is your opinion of grade?
And what do you think its worth and what would you pay for it?

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I really need your guys help with this one....

 

The problem is I am not how many gold experts are around. Not many of these type coins get discussed. Best I can do is look in my red book and say it looks maybe AU and maybe cleaned(can't really tell but wondering about all the breaks in the luster in the fields).

 

HOW MUCH WOULD YOU PAY????????????

 

this is at $5,500 right now... hilarious

 

Correction: $6,650.00

 

look at the colonial piece and tell me what you think its worth i need a decent opinon before i buy it

 

I would suggest slowing down. Do some reading and practice grading before spending money.

 

This is excellent advice. Many of us made the mistake early on and got too excited and bought things we shouldn't have. Always do research.

 

$7,150.0011811/16 11:0011/23 23:00 CST5 hours, 36 mins +

What idiot is gonna drop 7500 on this, damn your all right, people do throw their money at stupid investments....

 

A lot of people don't realize that many of these TPGs way over grade coins and a slab coins with problems. If this coin was in a PCGS holder with an MS61 on it would be worth that and probably more because they grade pretty accurately and don't slab problems. Some people don't do the research and learn that the grading companies are different.

 

Anyone who buys a 198 year old coin on eBay for that kind of money without knowing what they are doing sort of gets what they deserve IMHO.

I can see buying cheap lots on there, and if you get taken you get taken for a few bucks, big deal. But $7500 coins? Yikes. Only reason, IMO, that a coin like that isn't in an NGC, PCGS, ANACS, etc slab is that the seller has something to hide.

 

That's possible. It may have been submitted to a top tier TPG and got body bagged. It is also possible whomever submitted it knew it was cleaned (as it is obvious) and submitted it to a company who would [over]grade it and slab it. It is also possible that the submitter honestly didn't know which TPG is better...that has happened before, although with coins like this one I would think they would know.

 

Personally, I do buy slabbed coins. I use the bullion rate if it's not slabbed by either PCGS or NGC, which makes this coins value to me at about $500 to $2,000 because of the date, because the coin does have issues. If it is slabbed by PCGS or NGC then I'll go to the grey sheet. And then I'll buy it if I need it to fill in a blank in a collection. But to pay grey sheet price just to spend money??? I buy coins because I want a deal and some day I may have to sell it. I could only sell it by using the grey sheet. Remember, people with that kind of money don't usually buy coins with issues. Why invest 5-7K only to maybe get your money back? It's all in the math.

 

I do too, I just don't pay more than the coin is worth because it's in the plastic. I would never buy a coin like this raw...too much risk if you ask me.

 

Maybe they shouldn't spend big money on problem coins, but many do.

I hit the auction archives on Heritage and filtered on NCS slabs - all "problem" coins. There were well over 12,000 coins. Care to guess the highest priced problem coin ?




get ready....



a princely $161,000 for a cleaned 1856-O $20 XF details.

Which helps understand why someone would throw down that kind of cash... certain coins are almost never available in any grade, so they hop on it when they can.

 

That's just it. There are coins out there that I would buy in any grade if I could afford them just because they are so rare that you might never get another chance at them. However, those coins are certified with the damage noted...this coin is not. I'll bet some of the bidders on this coin don't know the difference between NTC and NGC and believe the coin really is a problem free MS61. The saying "a fool and his money will soon be parted" comes to mind.