Woods020

I think you are confusing the crease of the brow as a second eye. Nothing unusual with your coin. Spend it

Play up that gold is trending down. Dealers work off tiny tiny margins on common gold. They may make $100 on a $2000 investment. Their biggest fears are both holding it very long and the money being tied up or gold going down and them holding the bag. They only do ok on common gold turning and burning it quick and often. if they don’t take it let me know. I can probably get you some for the $2250 price.

I think you believe collectors tie the price of the coins to gold price more than they actually do. No argument gold coins are primarily driven by intrinsic value, but the coins won’t fluctuate as exact as gold spot. They will go up and down, but gold spot going down $150 will do little for the coin prices. Now if you want to sell a gold coin spot sets the price for commons. But when they are sold it may fluctuate but not exactly to spot fluctuations. Graded gold does hold some numismatic value as you say. Also collectors don’t collect based solely on spot. Right now people are wanting security, and many see that in gold. I’m not wanting to get into the debate on is that a sound strategy to hedge or not, but it’s one many are taking right now. The longest lines at coin shows right now are the bullion booths. If gold goes down slightly that doesn’t mean demand will go down. And as long as demand is up prices will stay up. Given the uncertainty in the world and inflation we are seeing I would argue that gold coins and bullion are more disconnected from spot right now than most any time. Not saying there isn’t a strong correlation, but it’s not as elastic as normal. The only exceptions I know to this are the gold wholesalers. They do fluctuate real time on common gold, including graded. I was totally unaware of the gold wholesale market until recently. If anyone is looking for truly investment common gold coins, and not so much numismatic, let me know. I finally got access to two major wholesalers and a lot of the stuff is a spot + price real time. They work on tiny margins and high volume. A lot of dealers buy gold that way. Heritage is also a big player in the gold wholesale market now. The coins will be essentially like the two JP posted, many in 62/63 grades. Also if someone truly just wants gold for investment I would buy circulated. It gets even closer to spot.

Doubtful in today’s market. This isn’t the market to find deals. Gold is especially on fire right now. I seriously doubt you beat that for a mint state slabbed double Eagle by much. Nothing is impossible but it will be quite the challenge to get it at $2250 even.

Early Gold is usually one of the few areas NGC excels. Prices are usually good there on NGC. But there is a clear discrepancy in many series. No denying that.

$2300 would be a fair and accurate price for each of these coins. As far as which one as you said neither is a hard date. The 1904 Liberty head is slightly scarcer, but a grade down. I say it’s a wash it’s whichever one you like more. Money is about the same on both. Heck buy both and start a gold type set.

Ever heard the phrase a fool and his money are soon parted? This is a truly pathetic list of coins and garbage for sale. It actually makes me sad that this is allowed. Unfortunately there is a craze, bordering on a sickness, to find these “rare errors” on pocket change and get rich. Machine doubling and die deterioration are probably as common, if not more common, on a coin than one without these days. Please don’t take evidence that someone actually bought some of this proves that it is unique or valuable. But hey if machine doubling is your thing I’ll be your coin supplier. Just let me know what denomination, years and how many hundreds you want. I got you. I’ll only charge 50x face value for each.

As a disclaimer to any newbies that do use this thread, and I hope there are many, the above was a joke. Read the reference here for the theft of this $5.8 million dollar hunk of gold. It just hit me a newbie thread isn’t the best place for a joke 😂 https://www.macleans.ca/economy/money-economy/the-saga-of-canadas-stolen-million-dollar-coin/amp/

I am a beginner gold collector, and just picked up my first gold coin. I can’t say where I purchased it and quite honestly my German is pathetic so I only got part of it. How would you suggest I store it? I can’t find a flip or air-tite case to fit. Do you think NGC would slab this one? What do you think the grade is? Do you think NGC would rat me out, or are they cool with coins like this??

Someone told me recently, and I have no way to know the validity, that he had a coin in a PCI holder that came back as questionable color. According to him people love to get the PCI holders, presumably they contain high sulfur, and within a couple of months the coin is toned. Apparently the toner heads love to get the slabs to store coins in. I have never actually owned or held a PCI slab and all of this is second hand. Seems unlikely any slab that even a questionable TPG used would do that, but who knows.

A beautiful coin regardless of grade

I occasionally see them listed as “errors” for sale. Usually with a nice long story about how it’s a super rare typo. Always makes me laugh. Sadly someone may be buying these “rarities”

These are sealed with a sonic sealer, not glue. Sometimes if it is left a little too long this happens. The area may be sharp or rough to the touch as well. It’s normal you see these fairly often. Some worse than others.

If they can get stuff for 30% under retail right now they have my utmost respect. Every dealer I talk to, from tiny guys like me to the big guys say they can’t buy anything right these days. The market is in such a frenzy dealer pretty much have to pay full retail and hope it’s up in a month. I try and be fair and offer 80% since I don’t have big overhead, and I can’t buy right now. If I can get it for 10% under it’s a good day. Bigger guys have more purchasing power so I’m not comparing myself to them. If it hits a wall, which I’m afraid it may do soon with this inflation, then a lot of dealers will have a bad year. Their inventory costs are huge right now.

Great Seinfeld reference 😂

I have only bought from them but have nothing but good things to say. Shoot me a PM with what you want to sell and prices. I may be interested 😁

It does look like RPM-001, but the glare makes it hard to be certain. There are several extremely minor RPMs for this date/mint. None are attributed by the TPGs I don’t believe.

I think DCAM may be a stretch….

It was true then, and it’s true now. Especially with coins. It’s funny how sometimes all you need is a fleeting glance to know it’s not legit.

Heck no. I figure his eyes were the validation. It’s funny I also got the age old strategy of “I was offered $3200 earlier today and I turned it down. This is a $5000 coin”. That’s when you tell them to run, not walk, and catch the guy that offered it.

I honestly didn’t even stop to see his prices. I have no interest in them. Give me the original, even in a common date any day.

Agreed. He is so convinced he won’t even talk about it not being legit. I asked for weight and he said it was already validated. I said I want to see better pics to determine grade and he says it’s XF. I have zero interest in it other than I’m genuinely curious if he is right or not.

@RWBwe see this and many other examples where mints varied in processes. Dies are a prime example. The die prep was very different between Philly, New Orleans and San Fran. Why was there not an enforced SOP and why was there reluctance to share best practices? I know times were different but why wouldn’t they all figure out the “best” way and everyone follow that? Was it lack of communication, ignorance, ego?

This speaks to the skill of the early mint employees. Today the dies would go in a controlled heat treat oven until the exact optimal temperature. These guys had to have skill and tell from the color of the steel when it reached hardening temperature. Too hot and it’s brittle. Too cool and it isn’t properly hardened. All by the color of the steel. They had skills for sure.

The shows are swamped with them. I saw a guy in Chattanooga a few weeks ago that had 100 easily. I don’t know if he sold many or not, but he had a case filled to the rim with them.