Grandpop gave me a bag of coins!

I personally would not buy that gold unless certified. I want to make sure the coin is authentic, not a details coin, and protected from damage.

 

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I would save them for my grandchildren.

 

Good advice!

 

My dad let me off the hook also. He said, don't make a sentimental thing out of them, there yours now, do what you want. Stay on top of present-day value and never sell to friends, got it! Personal statement, I refused to believe that my parents were smarter than me until they were gone, the great awakening! Enjoyed your post, thank you.

 

I believe you're missing his point. At the price of gold the precious metals market swallows-up the numismatic market. If you want to protect it, there are capsules you can buy for that. If you want to sell it, whether it's graded or not, it's going to go at the same price, the precious metals market price.

 

I think he's just saying he would want a TPGs blessing on it that it was authentic. Just because somebody inherited something doesn't mean it's authentic. The 2.5 and $5 Indian heads are one of the top 10 most counterfeited coins that comes through the TPGs.

 

I think it has been mentioned that the Red Book is out of date the day that are published. Although the two coins are the smaller ones, it seems it would be wise to find the value of your coins from LCD's and other places. Unless I absolutely had to have the money due to school loans or medical bills or many other things that some goon will come to your door and tell you that if you don't pay your bills, they will break a few of your fingers.
There was a time (1970) when I was discharged in the U.S. Army and I didn't have any money buy a gas space heater. I had just become a father. The heater only cost $50 and the amount was due. Our baby had just been born and the apartment didn't have a heater. I signed a note to be paid in December 1970 and I didn't have a job. A few days after the note was due for payment, While I was out trying to find a job, my wife answered the door. She was told by a man that looked like a Pro-Wrestler, that If I didn't pay off my note, they were going to take the heater and a washing machine for interested. My wife was still recovering from a breach birth and could hardly get to the door. The goon said she had 24 hours to pay our debt. He scared the bageezzus out of her. I called her to check in to see how she was doing and she told me what happened. I hated to do it, but I had to go to her father to get the $50. It was hard, but I had to do it. If I had coins back then, I would have sold what ever I had to do to pay the bill.
Unless I had to pay a bill or have a goon to threaten you, I would sell the coin to pay the bill. Another bill that I had was to the ESSO Gas Company credit card. I was 20 and I didn't want to ruin my credit history. My father in law took me to the bank and signed a not so I could pay off that credit card.
I've learned a lot more since those days. I don't have any outstanding dredit card bills, car loans, or a house loan. I learned a lot for that first and second late bills. We own 2 houses, 4 cars, 6 dogs and a cat. Sorry for the lengthy message. When you talk about outstanding debts, it brings back some horrible esperiences.
Keep your coins. If you them, you can never get them back for what the are worth.

 

With an avatar like that, I guess I'm trusting you. Thanks for the education.

 

Thank you for sharing that, it really resonates and I hear you (we also had 6 dogs a while back, that's fun!), but I do think that if I gave one of my kids (I'm still waiting on the grandkids, lol) some coins and said, "sell them and don't get ripped off" I'd do so for good reason, probably because the kid needed the money and I thought some coinage might help them out and teach them something about value, coins and selling. I think most of us collectors put different values on different coins, and some have sentimental value, some don't - I sure do, I have a lot of stuff I've just randomly picked up because I like shiny objects and I've sold a lot of that same stuff over the years, though not so much lately because it's harder to buy with silver prices so high - so I have less junk to sell. Yet, my son and me have a collection that I wouldn't touch (of course I'd have to get his permission too, hahaha). Anyway, grandpa gave the coins to sell, and that's their interest. My suspicion (no real basis for it, just my suspicion) is that he's got other things he considers personal for inheritance or gifts down the road. I say we just help out in accomplishing this short term goal and, as you note, if you had possessed some coins that you could have sold to address your early debts, when you needed money, you sure would have jumped on that, rather than having to go to the inlaws. Anyway, that's my 2 cents my friend! I appreciate your posts and Merry Christmas!

 

You are absolutely correct. I am not missing any points. I think the reasons that I wanted the gold certified was clearly stated above. Authenticity, not a details coin, and protected from damage. I am not an expert in determining if gold is authentic, therefore I prefer it certified. Not placed in a cheap capsule.

 

I see what you are saying. No disagreement here.

 

Here are some interesting facts about your coin. Check out this link with the different grading of your coin.

1914-D $2.50 (Regular Strike) Indian $2.5 - PCGS CoinFacts

And

1881 $5 (Regular Strike) Liberty Head $5 - PCGS CoinFacts

 

My father-in-law left me this coin. I didn't have one. It looked polished and it was. I had it graded. Now its easier to store, pass around, and when I die if someone wants to sell it they can look up the price and they know it is authentic. All that comfort for the $38. it cost me to get it graded.