I have never bought a US gold coin before, and am interested in finally getting one, but before I do, I'd like any opinions that you might be willing to share. Attached is a picture, I can't give much more info than you can see there. I was just wondering based on the picture how would you grade it and what should I expect to pay for a coin like this one? Thank you much. Mike
Red Book prices-1880 vf20 185.00, ef40 195.00, au50 205.00,au55 215.00 ms60 250.00, ms63 1100.00, pf63 15000.00 1880cc vf20 425.00, ef40 875.00, au50 1650.00,au554500.00, ms6010500.00 1880s vf20185.00, ef40 195.00, au50 205.00, au55 215.00, ms60 250.00, ms63 1000.00 These prices are out of the 60th edition Red Book
I think that coin is an au-53/55, and you should expect to pay anywhere 160-210 would be my guess for price.
Thank you. I have very little grading skill to this point. I am learning, but still have a way to go...
Before you buy any gold coins, please make sure that you know your dealer real well and have full confidence in him. Counterfeit gold coins are coming out of the woodwork. At one of the larger recent shows ANACS reported that up to 90% of the gold coins they examined at the show were fakes. Be very cautious buying raw gold coins these days.
90%!! That's insane. Must say thank you again. The asking price on this one is $245, and I don't know the source. It's a consignment sale. I am very cautious about getting scammed... which is probably why the only gold coins I own to this point are a couple of 1945 Dos Pesos restrikes bought at spot price... and I just like silver much more. My other big problem is that I favor raw coins over slabbed. I like to be able to hold a coin before I seal it up into an air-tite or 2x2, but I don't think I'd be able to bring myself to crack open a slab for that reason... unless I also thought the coin was undergraded and intended to resubmit but since I still have a hard time seeing the difference between an AU and a low MS... The point is you guys provide a great service and help to those who are starting out.
Well, there are dealers you can trust. And if you can trust the dealer, then you can buy raw coins. There are a couple that I would have no problem with offering my own personal guarantee for them.
I read something similar to this. It was in a gold detection book by bill fivaz, and it stated that randy campbell from ANACS reports that 90% of all coins seen for some specific date were counterfeit. I think it may have been an 1854 gold dollar.
Thanks. I will keep that in mind and if it's okay by you contact you for a recommendation when I am sure I want to make a purchase.
I just got that book and I was realy surprised that 90% of gold coins are fake. I would only go slabbed to protect myself from a scam.
I personally think the 90 percent figure is an overestimate. I have many gold coins, and only about 5-10 percent are fake IMO.
I think people are mixing up this 90% number. In one report, it is only 1 particular date. In my report, it was only the coins at that 1 particlualr coin show. In no case is anyone suggesting that 90% of all gold coins are counterfeit.
