Hi, I want to start with US coin collecting and I would like to buy my first gold US coin. I have this offer of five raw coins, but I am not sure if these prices are good. Can someone experienced check this for me? Thank you! 20 dollar 1898 S ($1,412) 10 dollar 1881 ($706) 10 dollar 1899 ($706) 10 dollar 1926 ($768) 10 dollar 1932 ($768)
I think a better price would be 1340 and 685 respectively . The double eagle only as .9675 ozs of gold in it. At todays price of 1145 a oz you would be paying a 400 dollar premium as the gold content is just $1015.74 worth. Usually I like to buy gold when I can get a pretty good price to spot.
If you are going to spend that kind of money may I suggest buying a certified coin as well since you aren't to familiar with gold coins just yet,maybe better for you financially.
The photos look like they are nice coins but photos can be deceiving. Since you are new to this, especially a higher cost area of coins, I would suggest you buy from a trusted dealer and buy certified coins. Before buying, you must first decide what area you are most interested in, how much are you will to spend, is this to build a collection or is it an investment? I personally prefer the $2.50 Indian Head Gold. It's a short set, fairly easy to assemble, affordable but there is 1 coin that will cost you thousands to complete the set. Welcome to CT and have fun.
On my calculator, .9675 times 1145 is 1107.79. $1412 might be a fair price for a raw nice uncirculated double eagle, but the one in the picture has some big hits, and it looks to me like it's cleaned -- the field around the date looks scrubbed, and I see some evidence of haloes around the obverse stars. It's hard to be sure from these pictures, though, and I'm no expert. I agree with the others who recommend buying certified if you're new. It's hard to verify authenticity if you don't have experience.
It really depends what you think will happen to the price of gold. These appear to be circulated coins (the 32 may not be). They will track spot gold for the most part.
Sign up to receive eBay's email "specials" on gold, silver, and bullion. Sometimes the bullion dealers like Apmex and Provident have sales on certified legacy gold with free shipping, etc. Or attend the biggest coin show you can find nearby, and compare, there's plenty of Liberty gold on hand, no shortages right now. I would agree, nothing but a coin recently certified by PCGS or NGC.
The best advice given to me is if you're going to spend more than $100.00 buy only certified coins by a major grading service. there is so much counterfeit stuff out there, including gold coins
Or just buy from reputable dealers. Raw doesn't always mean fake if you know what you are doing, and know who to buy from. Double eagles do have a tiny bit of numismatic value. They never sell at scrap, unless it's a very poor grade. Coinflation is good for pre-1965 silver, but not for these kinds of coins.
I understand that. I was referring to the post stating that the coins are only worth $1015 in melt when in fact melt was over $1100.
