Ok, so it's graded in an old pcgs holder as an AU53. The grey sheet has an au50 at $900 and the au58 at $3500. There's no price for a 53 in the grey sheet, red book, or coins monthly. Also what are the chances of an upgrade? It's an old holder but not a rattler. Any information would be helpful. Thanks
Ample detail for an AU55, but too little luster to achieve that grade. Heritage sold an NGC AU53 for $1053 back in April of this year.
Not mine, yet anyways. A seller here locally wants $900. Don't know if I should buy this or a $10 Indian. There's more gold in the $10 that's what has me second guessing this coin.
0 to no chance of an upgrade in my book. Nice coin but in my book it was luck it pulled a AU53. I wouldn't pay $900 for it unless you need it for a some kind set.
I think $900 is a fair price based on auction results, but I hear generic gold without a CAC sticker is getting harder to move.
Well since I've never owned a gold coin, none seem generic to me. I would be honored to own this coin. But, yes I think this coin qualifies for what people call "generic gold", e.g. common dates in common grades of $2.5, $5 and $10 Liberties and Indians, and $20 Liberties and St. Gaudens. Someone who knows more about gold should chime in if I'm wrong.
No, it's not. While not a rarity per se, in this grade especially, it is far from a generic $5 lib; IIRC, the total number certified by both TPGs is only around 100+ each. Even with it's larger branch mintage (late 1850's), these were marketplace coins used in day to day commerce, so it is not as if there are great number of higher circ grades readily available. Pre-civil war S mints to do not the love that Charlotte and Dahlonega do even though, depending on the date, mintage can be similar. It is also in PCGS plastic, which is a plus (and no, I don't drink the kool-aid). As for upgrading, no... and it should be understood that upgrading is not always a good thing. It looks like an okay specimen, fairly graded, but nothing spectacular. Regardless, if it is between this and (or so I assume) a generic $10 Indian, ask yourself if you would rather have an under appreciated coin from a period of historical significance, or something you can get anytime and anywhere just because it has more gold?
The 1856-S is neither a common, nor a key. If the OP buys this coin for $900, he will not be overpaying, and might have a little room left to make a profit, in one form or another. If he is a believer that gold will rise soon, he would be better off in the larger gold coin at less premium over spot, as this coin would require a much greater rise in spot to affect its price than would the larger $10 Indian.
I think 900 is a fair price but i would most likely get the $10 Indian because i think the design is a little bit nicer and the more gold in it does play some kind of factor but the choice is of course yours !!
I suppose it all depends on what he is looking for. From the OP's past threads, and perhaps I am wrong, but my impression that his goals are more collector oriented. If this is the case, and while he should buy what he likes, if going with the Indian Eagle and paying any real premium, care should be taken in both what and who he buys from. As it stands, we only know that he is considering one, so without details, and unless the metal is more of a concern than the coin, we're really comparing apples to oranges.
