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51 Posts |
 Posted - 09/12/2008 : 07:42:47
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Hi all-
I bought a little more gold on this dip but....
did i make mistake i bought a 1 oz 1897 gold eagle $20 and a 1/2 oz gold eagle 1880
my question is which i am trying to confirm is are these gold pieces on 90% gold and if they are i over paid?
thanks for any help!
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kavajava
Penny Collector Member
USA
490 Posts |
Posted - 09/12/2008 : 09:47:05
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| Can't tell if you overpaid unless we know the price you paid, and the grade, and if they are certified... |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 09/12/2008 : 09:49:42
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Yeah, those are hardly what I would consider to be bullion coins...
For the $20 1897 gold eagle you are looking at $900+ on Flea-Bay if it is in good condition. So way more than melt... |
Edited by - horgad on 09/12/2008 09:56:31 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 09/12/2008 : 10:39:24
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On the last dip I bought a nice AU $20 Double Eagle for $775. The coin does not contain a full ounce of gold, but is close. I love getting nice numismatic coins for close to melt.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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51 Posts |
Posted - 09/12/2008 : 10:48:19
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It is in my mind good condition basically un-circulated has some scuff marks but it looks good.
So I can get $900?
i paid $765
i also bought a half ounce that looks good to 1880 for $383
THANKS for the help! |
Edited by - n/a on 09/12/2008 10:49:48 |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 09/12/2008 : 11:27:36
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quote:
Originally posted by russell
It is in my mind good condition basically un-circulated has some scuff marks but it looks good.
So I can get $900?
i paid $765
i also bought a half ounce that looks good to 1880 for $383
THANKS for the help!
It is impossible to say for sure with out a grade, but $765 sounds like a good price to me.
By the way, as you said, they are only 90% gold, but they do weigh more than a troy ounce. The specifications says that they contains .96750 oz. of Pure Gold.
So multiply .96750 with the current gold spot price to calculate the melt value. But again I don't think anybody will want to melt it 100+ year old coin.  Also, even the premium on a 2008 gold eagle is $40 over spot right now!
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Edited by - horgad on 09/12/2008 11:33:19 |
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51 Posts |
Posted - 09/12/2008 : 12:14:52
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horgad THANKS! yes I got that now it is .9675 oz
Should i send it in to PCGS?
thanks!!! |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 09/12/2008 : 13:01:18
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quote:
Originally posted by russell
horgad THANKS! yes I got that now it is .9675 oz
Should i send it in to PCGS?
thanks!!!
It wouldn't hurt to get it slabbed, but from what I can tell most people don't bother to get them slabbed unless the are close to uncirculated or better, but I would try to give it an unofficial grade yourself either by comparing it to other similar coins or by finding some grading guidelines for it. |
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51 Posts |
Posted - 09/12/2008 : 14:07:48
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| THANK YOU! |
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Did I make a mistake
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