1904 Liberty Gold Double Eagle NGC MS-64

Discussion in 'What's it Worth' started by Sean Sydnor, Feb 16, 2019.

  1. Sean Sydnor

    Sean Sydnor New Member

    I am going through my dad's old coins here is another I found.
     
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  3. fretboard

    fretboard Defender of Old Coinage!

    Welcome to the forum Sean! Could you please show some pics? :)
     
  4. Sean Sydnor

    Sean Sydnor New Member

     

    Attached Files:

  5. fretboard

    fretboard Defender of Old Coinage!

    Beautiful coin! thumb.gif What did you want to know, how much it's worth? My guess would be $1700 to $2000, but I hope someone else chimes in who actually collects these as I am strictly guessing on the price. luck.gif
     
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  6. Sean Sydnor

    Sean Sydnor New Member

    Thanks. I hope that I can get that match on the auction I have.
     
  7. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Sweet double eagle!!! You sure you don’t want to keep her in the family?
     
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  8. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Sean, did you end up selling the MS-64 1904 Liberty DE ?

    It's a nice-looking coin. Hopefully, you waited a while because the price of gold rose nicely over the next year.
     
  9. johnmilton

    johnmilton Well-Known Member

    Holding on to coins like this is not the worst investment you can make. When I upgraded my St. Gaudens With Motto $20 gold with an MS-65, I held on to the MS-63 I had. I could have sold it for around $400 at the time. Now it’s worth $1,700 or so.
     
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  10. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I am in the financial field and we talk about the unprecedented amount of financial assets that will be transfered in the next few decades....the wealth built up by today's billionaires, millionaires, and even the middle class.

    I think this has implications for the coin hobby. You are going to see large numbers of children or grandchildren or other heirs inherit coins....it can be a few worth $50 - $500 or it could be a few thousand dollars worth -- or more.

    Something that was popular with middle class Americans -- like the GSA Hoard Morgan Silver Dollars -- you could see hundreds of thousands of them come out over years or decades and change the population numbers. Those coins came out in the 1970's and with the exception of our grandparents, our parents and ourselves are just now getting up in age.

    As an example....we've seen a bunch of MCMVII High Relief Saints and Double Eagles (Saints, Liberty's) be a steady trickle monthly over the last decade from Europe. Not a ton of coins....a few dozen a month but month after month, it adds up. Maybe we've seen domestic hoards/supply come out on U.S. denomination coins as folks who collected in the 1940's, 1950's, and 1960's either sell or pass on.

    Could even be a few hundred every now and then;ot much publicity about this. Maybe a dealer here can chime in.
     
    Last edited: Jan 3, 2023
  11. imrich

    imrich Supporter! Supporter

    Nice coin, but you'll find establishment of it's value will be a challenge, varying considerably.

    The "common-coin" of that series.

    CDN estimates retail value at ~$2100

    A "dealer" may offer $1800

    An eBay seller may offer this: https://www.ebay.com/itm/195507432331?hash=item2d8526ab8b:g:JL4AAOSw7pBjkHTq&amdata=enc:AQAHAAAAoMrvH9xo4+x2QuI04XjlW2y+xUoq9i9IMwka/PkENSaMfEGlWzfyvH/+9qKzFwaWMxfNvu2KoBuWGNc/qvt81jWAZzSNviIY1+HATlaYmrM5IPRv1ZkyrbV5GliqzpYOsnhrNJBmcI6CX8G/GWBzqYfz5kJswGZj5NTHWJDEMLPTQZbaJ9l0MoUW+pg3YSp02p1uTV041xEO4RPPi8a08RM=|tkp:Bk9SR5rs_qWvYQ&LH_BIN=1

    The delivered coin may cost a buyer ~$3900.

    I hope that you'll do as I, just retain for your personal viewing, unless dire conditions prevail.

    I've collected these beauties for more than a half century,
    in raw to CACed GEM condition, and only allowed adoption of my "raw" children as they aged, when I considered them "mature".

    JMHO
     
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  12. GoldFinger1969

    GoldFinger1969 Well-Known Member

    In MS-64 is that considered a common generic ?

    It's some condition scarcity so a modest premium to gold....they sell for about $2,400 including BP, give-or-take.
    Well that's insane....a 50% premium to FMV ?
     
  13. imrich

    imrich Supporter! Supporter

    I believe this "advanced" sold list of the discussed coin on eBay, with a sold coin at both ends of the spectrum, ~as my experience was guessed: https://www.ebay.com/sch/i.html?_nk...slc=1&_salic=1&_sop=1&_dmd=1&_ipg=240&_fsrp=1

    $1900, So much for "condition rarity" that RICK discusses, but occasionally he is close to the current market maximums.

    JMHO
     
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  14. johnmilton

    johnmilton Well-Known Member

    The 1904 double eagle is the most common date by far in the Liberty Head series. It is “generic” in all grades up to MS-64.
     
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  15. GoldFinger1969

    GoldFinger1969 Well-Known Member

    So $2,300 got 156 bids, so that's definitely seen as FMV by multiple bidders.

    Just makes that $3,900 more ridiculous.
    I've never seen him less than 20-25% above FMV. More so on higher-priced stuff.

    In fact, even when the prices rise in the market I don't see his "lagged" infomercials giving buyers a better relative price. I wonder if they have taped or edited the parts with the price so they can adjust upward and maintain their profit margins even though they probably locked in prices much much lower.
     
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  16. imrich

    imrich Supporter! Supporter

    I don't know where or how you derive your FMV, but my associates that attend the major shows around the world when buying for me use the CDN "wish-lists" for buying, and eBay advanced sales report for selling.

    I buy, based in trusting their knowledge, without viewing, virtually everything they offer.

    I've only felt wrong when receiving the coins once.

    I believe you'll find that RICK supplies more expensive multiple "comps" for every coin he offers!

    JMHO
     
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  17. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Wow...an 1870-CC AU58 Liberty Head Double Eagle that sold for $2 MM was stolen ! :wideyed:

    Anybody hear anything on this ?

    Details on HA website gone regarding the pedigree and description...this replaced it:


    Stolen! This rarity has a $100,000 reward for its safe return. Read more about this theft. Please contact bid@ha.com if you have any information about this coin.
     
  18. GoldFinger1969

    GoldFinger1969 Well-Known Member

  19. Jim Dale

    Jim Dale Well-Known Member

    It is intimidating when I see packages of coins or precious medals stolen from a "secured" source. It seems that it is happening more frequently now, when people are out of work and their family is having a difficult time feeding their family and keeping their homes heated. I live about 20 miles from the nearest city and live about a mile off the road. I have a fenced in yard and 5 dogs that may not attack an intruder, but will bark loud enough to give me enough time to lock and load. My last intruder jumped over a 5 foot fence and was walking around. Before I could get out to the intruder, he jumped back over the fence and took off. In turned out to be a deer trying to escape hunters during the open season. Our "estate" has motion sensors and lights.
    Sorry, I digress.
    When my father passed, his "coin collection" was divvied between my brother and I. His is still in the jar that my father used to keep his collection. When I got my share of the collection and it switched on an alarm that triggered my interest in coins. My first purchase was a Raw 1904 $20 Liberty Head, Motto Above Eagle, One Ounce Gold Coin. I bought it from a dealer in 2009 for $1,275. He told me that he was going to a show and would have my coin graded if I wanted to have it graded. Naive as I was, I said, "OK." When he returned with the coin, NGC gave it a "UNC Details" grade: Obverse Scratched." He offered to buy the coin back. It was and is, still a beautiful coin. I don't care what NGC or anyone else things.
    Anyway, if I want a graded coin, I buy it already graded. I did buy the 2009 (MMIX) ULTRA HIGH RELIEF $20 GOLD COIN for $1,500 in 2009. It was graded MS68.
    Strike 2. All in all, I have enjoyed collecting coins. Best of luck.
     
  20. KeviniswhoIam

    KeviniswhoIam Well-Known Member

    I bought the same one (2009 UHR), mine graded to MS69, beautiful coin. Yes, I realize it’s a 69, evenso, I can’t see the difference and I’m happy with it.
     
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  21. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I have one of those 5-ounce ATB PF-68's and I can't see the defects. :D
     
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