Question on my recent gold purchase.

Discussion in 'What's it Worth' started by silversurfer28, Feb 18, 2010.

  1. silversurfer28

    silversurfer28 Junior Member

    I just bought a 1/10 ounce Gold Maple, Viking privy mark 2001, slabbed by NGC with a grade of MS-69. This is a two part question:
    1. Is it really worth much more than it's gold content, who has any info. on this coin?
    2. On the NGC website, I searched my coin using the code but it said my coin is graded at SP-69 and not MS, does this mean it's worth less to a numismatist? Why the difference? Does this make my coin rare because they switched? I contacted them and they said they switched it, but not why they switched it.
    Hopefully one of you can help me out a bit..:confused:
     
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  3. mark_h

    mark_h Somewhere over the rainbow

    Well here is a link I found and here is a auction I found. Not sure if a dealer would pay more than gold value. This is all I found.
     
  4. silversurfer28

    silversurfer28 Junior Member

    yeah, probably not a dealer but maybe a collector... I only got this coin for 130, but i paid for 80 bucks of it from free junk silver i was collecting, so it only cost me 50 bucks. funny too because my coin's serial number is only 5 digits away. and to think i was planning on breaking the case open
     
  5. mark_h

    mark_h Somewhere over the rainbow

    Yep - while googling around I found your other post on that other forum. The key is finding some that sold for that higher price. I could not find any on heritage and I did not search the closed auctions on ebay. That would give you some better information.
     
  6. swhuck

    swhuck Junior Member

    SP69 means that the coin is considered a specimen strike. This means a higher quality method of manufacture than an ordinary circulation strike, but not technically a proof. You'll see SP grades on some of the matte finish coins that were included with commemorative sets (the 1998-S half dollar that was included with the RFK set is an example), and at least one grading service assigns SP grades to satin finish mint set coins.

    My guess is that all coins like yours would receive an SP grade, largely because of the reflective effect on the queen and the maple leaf, and that yours would be worth only its gold value.
     
  7. silversurfer28

    silversurfer28 Junior Member

    Really? It's only worth it's gold content? It has a mintage of only 850 because they only made 850 sets. I don't think you could've gotten this coin on it's own.
     
  8. swhuck

    swhuck Junior Member

    That was a guess I made not knowing the mintage. However, after looking at Krause I unfortunately see no reason to change the guess.
     
  9. silversurfer28

    silversurfer28 Junior Member

  10. swhuck

    swhuck Junior Member

    Krause is the Standard Catalog of World Coins (5 volumes available). It's not perfect, but it's the most comprehensive catalog of world coins out there.
     
  11. silversurfer28

    silversurfer28 Junior Member

    What did it say about my coin?
     
  12. mark_h

    mark_h Somewhere over the rainbow

    Check out the auction I posted a link to. I think his coin is actually an MS69 like the auction. I am wondering if the regular 1/10th oz maple is worth it's gold content, but the viking privy mark might make it worth more. Notice I said "might" based off the auction.
     
  13. silversurfer28

    silversurfer28 Junior Member

    Ya, I checked out the auction you posted and the serial number is only 5 away from mine. I talked to him about these coins and he gave me a pic of a coin book page about them. Says nothing about it's value only its specs and the 850 mintage. They only came in sets, so I'm guessing mine would be worth more than a usual 1/10 ouncer. Thanks for the help
     
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