Historical Gold Numismatic Coin Appreciation?

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Here is the pre33 coin for TheFinn and my small modern coin collection.

Will the dents/scratches/dings in the 'U' and to the right of the eagles wing make this coin not worth being sent in for grading?
I read somewhere that usually coins in the AU+ grade or higher are worth being sent in for grading?
Looked at some of the photo grade online and still not sure because there is no description.
Purchased the coin for $340 on 4/4/19.

I do like the buffalos a lot and might want to make a complete set of those one day.

 

Looks like you have 7 modern Eagle and Buffalo gold coins, 3 1/2's, and 2 1/4's in that photo. Plus the 1/2 Eagle.

Are you going to keep modern the bullion pieces or sell them in for coins with numsimatic value ?

 

Regarding the $10,000 question, if you plan on having that much in available funds for the next five years, then you have a lot of research and planning to do. For $50K you can acquire a lot of really nice coins, or get one, two or three spectacular coins, and everything in between.

For myself, I've been putting together a gold type set. There are several different type sets you can assemble, like the 8 coin set, or the 12 coin set. You can go to the PCGS website and see a wide variety of possible coin sets. It is fascinating to read about the history of coins and mints prior to making coin purchases.

If you are in this for a profit, then you should read, "Pleasure and Profit - 100 Lessons for Building and Selling a Collection of Rare Coins" by Robert W. Shippee.

If you hang around Coin Talk long enough, you will see that a majority of collectors and numismatists recommend "buying the book before the coin". It's really great advice!

 

A useful tidbit from the financial markets...if buying gold (or silver) coins, check out the long-term price chart for the coin and the underlying metal.

It's not going to tell you if you are buying cheap or at a good point in time, but it WILL tell you if you are buying high or at a rich premium.

So you can probably avoid making a purchase and then watching the price fall 30% in 6 months (unless the underlying PM fell and the coin tracks that).

 

I collect Pre-33 coins and I just totally dislike the "Flying Turkey" reverse. My feelings toward the reverse ruin the coin for me. I have one just as a Type coin. Am I the only one who does not like the St. Gaudens?

 

Was just able to scoop up a 2019-S Enhanced Reverse Proof ASE from the mint!

So excited!

 

OK, now you have officially made an enemy.....

 

Wow, you collect pre-1933 gold but dislike Saints ??

 

Yeah, but disliking Saints in my opinion is like passing on vanilla, chocolate, and even pisachio....and saying I'll eat the fortune cookie plastic wrapper.

 

The eagle looks like a fat flying Turkey. Not regal, not bold, not aggressive but ready for Thanksgiving.

 

What do you prefer then since your not a St. fan?

 

On Saints ??? I think it looks MAJESTIC.

You sure you're not thinking of the Eagle on the back of Liberty DE's.....Teddy R. said it looked like a cooked squaw or something like that.

 

See I am like you. In my eyes, everything about the St Gaudens is artistically perfect. I enjoy looking at them more than any other coin. But @GDJMSP said it best. Some of us just like what we like..... I was going to insert a comment about my "big girl" preferences but on second thought I believe I'll abstain...

 

You photoshopped that slab to change the MS-65 to a MS63! No dealer would let something like that go in a 63 slab these days. 63's were usually run over by a German Tiger tank, while 64's were run over by the lighter US Shermans...

 

Ha!! I wouldn’t know what a photoshop was if it were taking a leak on my boots!! I bought that one late 1990’s and stuck it in my bank box. I had forgotten how nice it was till I rescued it a couple weeks ago..... That coin was graded back when there were standards in place!

 

Funny to hear how coin grading has evolved.

 

I should point out that also I've been shopping around for a nice Liberty $20 in part because my Aunt who used to run a Polish Kielbasa shop got a beautiful AU 1898 or 1899 in change years ago. I looked at it while visiting her, not mark on it but a little cabinet friction. I used to have a nice 1904 but sold it years ago when I sold the bulk of my US collection. Thus I've been looking around the past few years. I found a really nice 1876-S in Brazil but couldn't buy it as I was not then an official member of their numismatic society.

After I joined, every $20 I found in Brazil was damaged so I ended up with none!