Charlotte Mint Gold Dollar

I been wanting some Charlotte minted gold for a very long time. Happens that a Charlotte mint gold dollar has shown up on a local auction. I am very tempted to take a swing at this, but I am not confident in the piece primarily because it isn't slabbed. To me that sets off all the red flags. Would you pass?

 

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Just over 41,200 minted. I’m not good at these. One of the early years so I’d be cautious but it looks okay to me. You said it was a local auction so, don’t know or trust the owner? If you bought it and sent it in for grading would they buy it back? Would they be willing to send it in before you pay? Sorry I can’t be more helpful but better safe than sorry.

 

No... This little auction house might be selling old construction equipment one week, old cars the next and old tools the next.... He doesn't know what he has if it is in fact genuine.

 

I would wait for a slabbed Charlotte or at least when you can hold it in hand before you buy.

 

My Red Book is 3 years old and it’s listed for $1350 in VF-20. If you can pick it up at a good price it may be worth the chance. It contains .04837 of gold so to the math.

 

Do you have the opportunity to view it in hand before the auction? I'd say bring a loupe and take a look at the very least. Not being an expert in the series, I know that I personally would pass because that is a lot of money to risk. But if it goes for a steal then you have some upside.