1908 UNC Indian head 2.50 gold piece

Discussion in 'What's it Worth' started by MarkyD, Aug 30, 2005.

  1. MarkyD

    MarkyD New Member

    I came across a UNC 1908 Indian head $2.50 gold piece, handed down to me from my uncle. Can anyone venture a guess as to what it may be worth?
    Here are some pics...
    [​IMG]
    [​IMG]

    It would seem to me that this is pretty rare in this condition. PCGS' online price guide has it listed really high...but I'm sure there's no way I could get that much in the real world, say, eBay.

    Any thoughts for a coin noob?
     
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  3. GDJMSP

    GDJMSP Numismatist Moderator

    The obverse is beautiful !! But the reverse looks like it has some scratches and there appears to be a nasty rim ding. Because of this I don't think NGC or PCGS would slab the coin. ANACS would though - and that's what I'd do if I were you.

    Unslabbed - you'd probably get $500 - $600 out of it. Slabbed - it might go as high as $1,000.
     
  4. MarkyD

    MarkyD New Member

    Thanks for the reply. The reverse looks worse than it is...I don't have this coin photography thing down just yet. I need to work on it and post a better pic. :)
    Thanks again for the reply.
     
  5. huntsman53

    huntsman53 Supporter**

    My recommendation would be to have it submitted to PCGS or ANACs for Grading and Slabbing, then you will have a better idea as to what it is worth! Although the coin has a few light scratches (one on the Obverse, I believe is actually a human hair) and rim dings, it should still grade fairly high. I would guess it would grade out at MS-65 or possibly even MS-66 due to the super details on the Indian's Headress.


    Frank
     
  6. GDJMSP

    GDJMSP Numismatist Moderator

    Just remember - you may be able to make it look better in a pic - but that doesn't change the coin. And if selling it - it's the coin that matters. I strongly recommend you get it slabbed by ANACS if you intend to sell it ;)
     
  7. MarkyD

    MarkyD New Member

    I think I'll send it off to ANACs as opposed to PCGS. I called to PCGS to inquire about pricing and the dude on the phone was a real jerk. I know they're the "gold standard" for grading and slabbing...but I have a hard time giving my business to someone who treats a potential customer that way.
     
  8. GDJMSP

    GDJMSP Numismatist Moderator

    If you do get it slabbed - please come back and let us know how it turned out. I wish ya the best of luck ;)
     
  9. MarkyD

    MarkyD New Member

    I will get it slabbed, and I will certainly report back. :)
     
  10. Morgan Dollar13

    Morgan Dollar13 New Member

    I want one of those so bad...but I can't help because my computer shows the pics as boxes with xs
     
  11. MarkyD

    MarkyD New Member


    Here you go :)

    [​IMG]


    [​IMG]
     
  12. Morgan Dollar13

    Morgan Dollar13 New Member

  13. MarkyD

    MarkyD New Member

    Thanks :)
    It's going off to ANACS tomorrow.
     
  14. Speedy

    Speedy Researching Coins Supporter

    Ok...I'm not good at grading gold coins so I'm going to try this coin...I haven't looked at what anybody else has said...

    I would grade it MS63--I see a little rim nick at the 9:00 place on the REV

    Speedy
     
  15. Speedy

    Speedy Researching Coins Supporter

    Ok....I read what others said...since gold is softer is that why it gets a higher grade??
    I see a few marks on the back and that is what my eye goes to...to get MS65 it says "A few barely noticeable nicks or marks may be present"...

    As I said...I'm not good at grading gold....but is it becauce gold is softer or is it because of the change in grading since the 5th ANA Guide? ;)

    Speedy
     
  16. GDJMSP

    GDJMSP Numismatist Moderator

    For whatever it's worth Speedy, I think ANACS will send it back - MS Details, Net AU50.

    But to answer your question, yes allowances are made because gold is softer. But allowances only go so far. Scratches and bad rim dings are considered as damage. Which is why I think NGC & PCGS would body bag the coin and why I suggested ANACS.
     
  17. Speedy

    Speedy Researching Coins Supporter

    Well I've been working on gold but its harder for me to get the hang of it more than lets say a Barber Half...
    Oh well...back to the books and coins ;)

    Speedy
     
  18. samjimmy

    samjimmy New Member

    I guess I come from peper money and don't really understand this. With paper money (and anything really), no matter the condition, it could be "slabbed" and graded, even if it is graded as poor. Seems the other points to grading/slabbing would be valid (preservation, authentication, etc.) so I don't understand why a coin... any coin... wouldn't be graded?
     
  19. Charlie32

    Charlie32 Coin Collector

    Coins that have been damaged, cleaned, or artificially toned do not get slabbed by NGC or PCGS. ANACS on the other hand will give damaged coins a net grade.

    Charlie
     
  20. Speedy

    Speedy Researching Coins Supporter

    But I think NGC kind of looked over that rule a few times...but the time I'm thinking of is when a graded Waffled quarters...that is a damaged coin in my book.

    Speedy
     
  21. Charlie32

    Charlie32 Coin Collector

    Technically the waffled quarters are not coins. I think NGC lost face when they graded these.

    Charlie
     
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