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<p>[QUOTE="WingedLiberty, post: 1391440, member: 26030"]In May of 2011, I decided I wanted to buy the smallest U.S. coin ever minted --the Type I One Dollar Gold. I walked into my local coin dealer, told them what I wanted, and they pulled out a box of raw supposedly uncirculated $1 gold coins stapled in 2x2s and the price was quoted as $395 for anything in the box. </p><p><br /></p><p> In picking through the box of gold coins, I stumbled on one that looked like it had original (undipped) color and very few marks. I thought, "Wow, this looks really nice, but is it too good to be true". My main concern was that it might be fake (always a risk with raw gold). I was also concerned with some weakness in the date on the reverse (that perhaps the weakness was from a bit of wear and that the coin might only grade AU) . However this coin had what appeared to be great original luster, never been cleaned, no hairlines, and few marks so I decided to roll the dice for $395. </p><p><br /></p><p>A few weeks later I sent it into PCGS holding my breath (hoping it wouldnt come back counterfeit or AU). After 3 weeks, I was notified that my grade was in. I clicked on the link and my jaw dropped when I saw PCGS put an MS64 grade on it. Wow! The PCGS Guide price at that grade was $1825.00!! So on paper I basically made over a 400% return on my initial investment in a month ... from $395 to $1800+. This is a rarity for me as usually I lose my shirt when I buy a coin!</p><p><br /></p><p>[ATTACH]166150.vB[/ATTACH]</p><p><br /></p><p>One final note, this is a tiny coin, smaller than a dime. Here is a true to life sized image for comparison. So if you ever go to buy one, be sure to bring your magnifying glass! It's pretty wild when a coin is so small there is no room on the obverse for the date or any lettering at all.</p><p><br /></p><p>[ATTACH]166153.vB[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="WingedLiberty, post: 1391440, member: 26030"]In May of 2011, I decided I wanted to buy the smallest U.S. coin ever minted --the Type I One Dollar Gold. I walked into my local coin dealer, told them what I wanted, and they pulled out a box of raw supposedly uncirculated $1 gold coins stapled in 2x2s and the price was quoted as $395 for anything in the box. In picking through the box of gold coins, I stumbled on one that looked like it had original (undipped) color and very few marks. I thought, "Wow, this looks really nice, but is it too good to be true". My main concern was that it might be fake (always a risk with raw gold). I was also concerned with some weakness in the date on the reverse (that perhaps the weakness was from a bit of wear and that the coin might only grade AU) . However this coin had what appeared to be great original luster, never been cleaned, no hairlines, and few marks so I decided to roll the dice for $395. A few weeks later I sent it into PCGS holding my breath (hoping it wouldnt come back counterfeit or AU). After 3 weeks, I was notified that my grade was in. I clicked on the link and my jaw dropped when I saw PCGS put an MS64 grade on it. Wow! The PCGS Guide price at that grade was $1825.00!! So on paper I basically made over a 400% return on my initial investment in a month ... from $395 to $1800+. This is a rarity for me as usually I lose my shirt when I buy a coin! [ATTACH]166150.vB[/ATTACH] One final note, this is a tiny coin, smaller than a dime. Here is a true to life sized image for comparison. So if you ever go to buy one, be sure to bring your magnifying glass! It's pretty wild when a coin is so small there is no room on the obverse for the date or any lettering at all. [ATTACH]166153.vB[/ATTACH][/QUOTE]
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