The rarest gold coins you've seen in a long time-

Discussion in 'US Coins Forum' started by fishwhacker, Feb 26, 2012.

  1. imrich

    imrich Supporter! Supporter

    Hmmm! Interesting

    Very Interesting, as I don't believe that either the 1849 $20 gold pattern "PR64", or the 1877 gold pattern $50 "PR67" have been offered for sale. How does one determine their relative values?

    I'm really not privy to all of the facts concerning these 2 proposed coin designs, but my understanding is that they aren't official coinage until approved for general release in the year indicated on the pattern. I would appreciate a correction if my understanding is faulted.

    I understand that the "PCGS Million Dollar Coin Club" has placed a relative value on these pieces of metal, but if their values are similar to other PCGS published suggested values, well enough said.

    I don't believe that "appraisal experts" generally have a reasonable objective basis for establishing the worldly value of patterns as these. I don't believe these "patterns" were ever released as monetary mediums of exchange. Until the "patterns" are offered in a worldly auction, logic would dictate that the $50 PR67 by proposed denominational value, (and perceived grade), is generally mandated to be of greater value than a 1849 $20 PR64.

    If you hear that the "patterns" are to be sold, please inform me, as I have a possibly interesting proposed wager for those who've established current relative values.

    In the mean time, I'll ignorantly maintain my understanding for value establishment until I can defer to those publishing additional facts of which I'm uninformed.

    I believe this to be an enlightening thread, of which I appreciate the objective contributions.
    :bow:
     
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  3. Leadfoot

    Leadfoot there is no spoon

    This thread has been edited quite a bit, and I find what's left rather curious.

    Taking the opening post at face value, I would suggest the OP consult a few experts in rare gold to accurately assess market value -- and an in-hand assessment would be best, for instance at a large show. These very valuable coins are difficult to price in the first place, and the few folks I do know who can don't post here -- I suspect you might get a more broad response in the PCGS forums. I would focus first on an in-hand assessment by a few experts, however, as your photographs will likely diminish the ability of even an expert to assess value.

    Good luck....Mike
     
  4. fishwhacker

    fishwhacker Member

    Thanks, leadfoot. Wow! Mods really did do a cut and splice job all over the place, the first post was a duplicate post I thought they had deleted until I saw it pasted on here, sorry for any confusion with that.

    The in-hand assessment is a great idea, I have also requested an auction appraisal from Heritage and should hear back from them in the next couple days, in addition I'll be contacting the top 10 rare coin dealers I can find next week, I'll keep yall posted.
     
  5. GDJMSP

    GDJMSP Numismatist Moderator

    If you read the forum rules you'll soon see why your posts were edited.
     
  6. kookoox10

    kookoox10 ANA #3168546

    I agree 110% on this, I certainly wouldn't sell this coin on just any venue or site. I would invest the extra money to have professional auction houses that deal in this type of rare pieces sell that for you. Heritage or Stacks Bowers would be my choice.
     
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