Bought My First Gold Coin!!

I just bought a 1914-d $2.50 Indian head for $325. Good deal? The site says that the coin is in brilliant unc. condition but if it is not I can return the coin through their return policy. It will be another week until the coin gets here so i will post pictures then.

 

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What site did you buy it from? First of all, alot of times people say its UNC but it might be AU. Second of all, when there is no return policy, this means they could do anything. (Get your money and send you a fake or a undergraded one or even the wrong date.

 

I am not sure which dealer you used. There are many posts about reputible dealers on this forum. Good luck.

 

Congrats on the purchase!

 

I forgot to congratulate you. Sounds nice.

 

Gold count--

hoondiggie95 - 1

pilkenton - 0

Way to go.

 

Lucky, indian head gold is what I really would like to get sometime soon.

 

I dont keep up with gold coin trends but the Indian Head gold coins are some of the nicest looking gold pieces IMO. Gratz on your new coin and hope its a success when in hand.

 

By now most people here know that I'm VERY pro-slab.
If I were buying a coin that costs that much I'd only buy it slabbed.

If it's truly BU (with original surfaces) then you got it for a VERY good price.
So good in fact, that I suggest examining it VERY closely.

 

I would to own some gold some time in the near future. Congrats on your purchase

 

I like slabs too but have no problem buying raw if the price/coin are what I want. That said, I agree 100% with your comment. A 1914-D Indian Head Quarter Eagle that is truly BU is a great deal at $325. Greysheet "bid" is $530 is MS62 but drops to $320 in MS60 and $265 in AU50.

Be very careful and looks for signs of harsh cleaning as well as verifying the authenticity of the piece.

 

congrats ... your first gold is always an achievement! post a photo when you get it.

 

It does give you a good feeling in the head when you buy your first. I couldn't help but feel so achieved when I bought my Half Eagle.

 

I don't mean to be debbie downer, but neither do I want you to get ripped off...

Who did you order the coin from?

The reason I ask is that a truly "brilliant uncirculated" coin is going to cost a lot more than $325, and the description and price don't match, which makes me question whoever is selling this coin to you.

Please post a pic of the coin when you get it, and before your right to return has expired -- and be sure that you're entitled to a full refund (rather than store credit).

Be careful!

 

Congrats! Hope to buy my first gold coin this year...... i want a 2010 buffalo!

 

I have to agree about the ? of the coin being Unc. I had started collecting when my Dad died, he had collected some coins but not as a true collector more just a hobby. I received the coins he had and started to take a interest in coins myself when I became ill with a brain tumor and found I was disabled and I loved to read so I picked up The Red book and other coins books and magazines. It was interesting to learn so much about the development of coins throughout the centuries. How they graded what to look for. The one thing I found out was not all auction web-sites are the same. Many will not tell you if a coin has been clean and most all overstate the true grade.. I found this out when I found a site that did list some coins that looked so beautiful from 1854 gold as cleaned so I thought it was that way and they would be truthful. Not so I took what where 3 pieces to my local coin dealer to see if I should send them out to be graded. They had a great strike and the date was plain to see by eye as was the flow of the hair it seemed to be a great piece,all of them. 1834 $5 classic 1836 $5 classic I ask the dealer to take a look and the answer was they where cleaned and can't be graded. He showed me under the bright halogen light something I did not have, the cleaning marks. I did not see them until they where put under this light. My heart sank I thought as did he they are great strikes no damage to the rim and if they had not been cleaned could have been worth a lot. I am just passing this on because the pictures online and the auctions companies do not always tell the truth. Now I have these great looking coins that I cannot do anything with except tell the story about how I was taken. I believe there is a post about lighting that is a must read. Be Careful and good luck

 

Congratulations! Here's a shot of the obverse of my Indian $2.50:
http://picasaweb.google.com/lh/photo/vz9LIUjEb3JIEpqE-zykGA?feat=directlink

 

That is a nice coin good luck

 

I love that coin.

I am sure this will generate a lot of flaming ... but I always thought it was strange that the US completely obliterated the Indians (mass genocide), then broke treaty after treaty, shoving them onto desertlike "reservations" ... then honors them by putting their likeness on several of our coins ...

I hate to say it ... but isn't it almost like having the nazi's put the face of jews on their coins (ok maybe that's a stretch)

Now i will stand back and prepare to get blasted for this one (i appologize in advance)

Still, didnt this country lay waste to the American Indian?

I for one would like to see the US pay massive restitution to all American Indians (not that we can afford that (or anything) right now)

In any case i still love the 2.5, 5, and 10 dollar indian gold and the indian head penny (there are probably a bunch of other indian coins, esp commemoratives)

 

Thats bad yet related in a perverted way