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Annual Coin Show 1892-S "Half Eagle"

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W.K.F.

1,454 views

Each year at our annual show I have been able to find a gold coin I could use, and for a price that was right. The raw example below fits the bill on both counts and I feel very fortunate to have acquired it, and to have paid as little as I did for it.

Greetings Collectors,

I was going through my raw coins to find at least 5 examples I could send in using my free coupon for the 5 free submissions. I think I have a pretty nice group to submit thus-far. I have picked 5 gold coins and several mint state Franklin halves to be in that group and may find a couple more coins to add before the box is sealed.

Each year our annual coin show arrives at the last weekend of May and for the last four years now I've been able to find a gold coin that I could really use. (for the prior three years it was a $10 eagle I was able to get) The coin pictured below is the reverse of an 1892-S half eagle that I was able to snag at a price I was very happy with. Total price, $385. I'm not sure if the detail is mint state, but it's damn close. I'm going to guess that it will come back in an AU-58 slab and if I'm lucky, maybe go as high as MS-60-61 Anyway the coin was priced at a point I couldn't pass up. Most of the gold I buy, I tend to try and stick with the pre-1908 "Liberty's". I also try to find top quality coins in the MS-61-62 range. Many times one can find coins of this grade range very solid for the grade and some almost look worthy enough to maybe be a "crack out" candidate for a possible "up-grade". As most of you know, most gold coins really take a huge jump in value beyond the grade of MS-62. I have also found coins that were already sitting in slabs graded AU, but in my opinion felt they should have received a higher grade. These type coins are always nice to have in one's collections. But for the most part, my "crack out" days are a thing of the past, due to having been burned really bad the last time out on such an excursion.

No matter what the grade, I always go for "solid for the grade" type coins. And it's always been about the coin and not just what the slab says. And in this case, this coin appears very nice and quite attractive. It also shows zero signs of having been cleaned or altered and I believe that without a doubt, it will come back graded "high AU". On a side note, I have several "S" mint gold coins in the $2.50-$10.00 area and without having them in front of me I'm gonna have to go back and check to see if the mint-mark on this pictured example matches others I have. At first glance, the "S" appears to be way further to the left than I remembering others being. Maybe it's nothing, but the one pictured here looks different, to a degree.

Anyway what ever this coin comes back graded, it will fill one more slot in the 1892 mint set I'm currently working on. I would have liked to have had an MS-62 example but for the almost melt price I paid, this one will work just fine.

Well summer is upon us and down here in the "sunshine state" the humidity is already sweltering and the rain is scarce. But it's still a great time to be a coin collector, no matter what series you collect. Also I haven't forgotten about the post I promised on rarity comparisons between the Walker & Franklin half and will try to make it my next post in the weeks coming up. Until then,

Happy Collecting!

WKF

Silver to gold ratio is currently at 41.547

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