Picked up a cheap NGC $20 Gold Piece

Dealer sold it to me for $1250.00.. That is about 50 under spot for an ounce of gold.

 

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The slab has a typo, it appears...

 

Still if I could buy bullion at that price, I would. Nice haul.

 

Isn't this a $10 gold coin, with a Gold weight of around .475 ozt?

 

Obviously not a $20.00 gold piece. This is what a 1908 Motto $20 gold piece looks like.


This Indian head design was only made in the $10.00 denomination.

Melt value for a $10.00 gold piece @ $1,309.10 spot price is $633.27. Retail price for this coin is approximately $845.00

The reverse should say TEN DOLLARS, if it says anything else it is a fake.

He priced the coin according to the label not to the actual coin and if he was an honest coin dealer he would have known the coin is not a double eagle and priced it accordingly.

 

The others are right. This doesn't have a full ounce of gold and is worth much less than the purchase price.

 

Outch, I would return it if you could...

 

This ought to turn out fun.

 

Im just joking with you guys. I didnt buy it. I just thought it was a funny error on NGC part

 

Well, you got us didn't you. LOL!

 

I knew you had more horse sense than that and was just waiting for the horseshoe to fall........

 

You speak as if you were born in the 1840's

 

With age comes wisdom, my dear boy; would you prefer he speak more in the manner of the younger generation? Perhaps something like this:

I knowd u was smarter... ain't no fool, dog.

 

I hate to be that guy but it should be 'dawg'. Come on!

 

The sad thing is that some idiots around my age actually talk like this.

 

I thought for a split second it was the $20 pattern. Not sure of the judd #. That would have been nice.

 

Nah... he didn't get me, but I am sure you could trick many people with that coin/holder. So much about QA at top tier grading services LOL