Junk pile pickup at my bullion dealer's shop (Did I do ok?)

Discussion in 'Bullion Investing' started by Sallent, Sep 27, 2022.

  1. Sallent

    Sallent Live long and prosper

    Picked this up from a local bullion dealer's junk pile here in Miami. The shop specializes in bullion and bars, and normally doesn't have much numismatic gold, except for some of the more common European coins that gold stackers also like (Roosters, Coronas, etc). Haven't seen an American Pre-1933 there in weeks, so I was surprised when I came across this in the junk pile today. It's a 1906 Half Eagle, D mint mark, with 320,000 total mintage. I paid $570, hope I did well, at least I think I did. Probably AU-50 in my opinion.

    20220927_115935.jpg 20220927_120007.jpg
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  3. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Very cool! I may be off base... My resource stuff is at home.... But I am thinking that may have been the first gold minted at Denver.
  4. Sallent

    Sallent Live long and prosper

    Wow, that's so cool. I wasn't aware of that. Just know that the price was good in my opinion, and later on when I checked the mintage rates on my phone, I was happy to discover that it was not some large amount like 700,000+. So I'm happy. But knowing that this was the first Denver makes it even cooler now.
    Randy Abercrombie likes this.
  5. -jeffB

    -jeffB Greshams LEO Supporter

    Yep, that was the first year anything was struck at the Denver mint.
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  6. -jeffB

    -jeffB Greshams LEO Supporter

    Nice! Looks like MS to me. I try to get my pre-1933 at lower premiums in general, but as a result it's been a long time since I've bought any...
  7. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Some 'bagginess' but I ain't seeing any 'wear'........'62 in my opine. :)
    Randy Abercrombie and -jeffB like this.
  8. Sallent

    Sallent Live long and prosper

    It does have quite a lot of luster. I just figured it was a really nice AU, but I don't have much experience with vintage gold. Most of my gold is modern bullion, so I figured I'd be conservative on my estimate of grade. Better to underestimate the grade than overestimate when trying to decide to buy a coin I know I don't have the requisite knowledge to properly grade.
    green18, Randy Abercrombie and -jeffB like this.
  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Based on my own collection and what I have seen would say that would fall between
    an XF 45 and A/U 50, still has some good luster and the reverse is in great shape
    with no distractions however the obverse has allot of distractions on the face. pitting
    and scratching along the sides as well.
  10. Sallent

    Sallent Live long and prosper

    Here's the best images I can get through a quadrum holder using my cheap phone camera. You really think it's XF-45? I wouldn't disagree with AU-50, but XF-45 seems a little low even to me who doesn't know much about these coins. Either way, I'm still trilled with an XF coin. This is bullion investing after all. I'm not a numismatist, so XF on a pre-1933 would be more than acceptable grade.


    I put it in a quadrum to take it down to my safety deposit box at the bank today, but Hurricane Ian got in the way. We are all shut down due to inclement weather (borderline tropical storm winds where I'm at with a risk of tornadoes and flash flooding):(
    Last edited: Sep 28, 2022
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