JacksinPA's Last 20 Posts
| Advice On Gold Coin Purchase
|
|
JacksinPA
New Member
United States
30 Posts |
 Posted 10/29/2019 3:46 pm
|
I received an MS64 1906 $2.50 which I sold to Coast & Coins for $400 ($75 less that I paid for it). In return I picked up an 1856-S $10 VF35 for $725 net. The SF mint started up in 1854 so I'm attracted to early SF coinage. I think I got a good deal. Should have it by Friday when I've scheduled my next visit to the safety deposit box.
They will quote on coins even in flips or 2x2s so I'm looking to do a physical inventory & send them the ones (Philadelphia) that I didn't sell earlier this year on eBay. |
| | Forum: US Classic and Colonial Coins |
| |
| Advice On Gold Coin Purchase
|
|
JacksinPA
New Member
United States
30 Posts |
Posted 10/27/2019 12:28 pm
|
Interesting article. Re my 1890-CC-1893-CC coins: 'Several years of production saw anemically low mintage totals, including 1870's 5,908 pieces, 1872's 5,500 pieces (some sources report 4,600), 1873's 4,543 pieces, 1876's 4,696 pieces, 1877's 3,332 pieces, 1878's 3,244 pieces, and 1879's stunted output of 1,762 pieces.
Just like in the half eagle series, 1891 saw the highest production of gold eagles at the Carson City Mint, with its 103,732 coins.
Again, according to Rusty Goe, survival totals are small for "CC" gold eagles. He estimates that no more than 3.22% of the original mintage total survives today, with the percentage probably under the 3.2% mark. This translates into a surviving population of no more than 9,655 pieces spanning 19 dates in the eagle series, with the actual total probably less. The 1891-CC date, according to Goe, accounts for as much as 46% of the entire population of "CC" gold eagles, which reveals just how rare most of the other dates are in this series.' |
| | Forum: US Classic and Colonial Coins |
| |
| Advice On Gold Coin Purchase
|
|
JacksinPA
New Member
United States
30 Posts |
Posted 10/25/2019 1:43 pm
|
I just received the 1890-CC & 1893-CC $10 coins from Coast Coins & checked their numbers against PCGS. They scored 100%. I paid a hefty premium for the 1890-CC but only 17,500 were minted, making it relatively rare. And it is an almost uncirculated AU58. The 1893-CC was the last eagle minted at Carson City.It was graded VF35 & is beautiful.
The instructions given on uploading pix are unclear as I am not familiar with the 'photo optimizer'. It would be a lot easier if there were a pic upload button on the control panel where you create/edit posts.
Not to repeat myself, but Coast Coins will get my business from now on. Their stock is incredible & prices are reasonable. And you can't beat 2 day delivery to my P.O. Box. I've had people ship me stuff by Registered Mail & it took weeks to receive the item. |
| | Forum: US Classic and Colonial Coins |
|
| Advice On Gold Coin Purchase
|
|
JacksinPA
New Member
United States
30 Posts |
Posted 10/24/2019 9:32 pm
|
From the Wiki article on the Comstock Lode: The Crown Point-Belcher bonanza was discovered in 1870. The ore body extended from the 900 to the 1,500-foot level (275 to 460 m), having a length of 775 feet (236 m) and a width of 120 feet (37 m). The ore, the precious metal value of which was 54 percent from gold and 46 percent from silver, lasted only four years.
'The total production of ore extracted and milled in the Comstock District, 1860 to June 30, 1880, was 6,971,641 tons, 640 pounds. Peak production from the Comstock occurred in 1877, with the mines producing over $14,000,000 of gold and $21,000,000 of silver that year (about $329,393,750 and $494,090,625 today).
The Comstock Lode was both silver & gold. When first found, the placer gold miners from the 1849 California gold rush were only looking for the yellow of surface gold & discarded huge quantities of a bluish material that, when later assayed, turned out to be silver sulfide (Ag(sub2)S). This is a naturally occurring mineral form of the dark coloration that you clean off silver ware.
I'm new here & can't figure out how to upload the pix of my new coins. Please let me know how. Thanks! |
| | Forum: US Classic and Colonial Coins |
| |
| Advice On Gold Coin Purchase
|
|
JacksinPA
New Member
United States
30 Posts |
Posted 10/24/2019 12:34 pm
|
As expected, both coins purchased on 10/22 arrived in my P.O. Box today: $10 1891-CC & 1892-CC. I am very pleased with both the coins & the service. Both PCGS file numbers check out online. The $10 1890-CC & 1893-CC should arrive tomorrow according to the USPS.
A local banker collects Carson City Morgan dollars & asked to borrow my book on the history of the Comstock Lode, which was the source of the silver that went into minting those coins. He is interested in seeing my 4 Carson City eagles so I will be stopping by his office on my way to my safety deposit box. It's a shame to lock up such beautiful & valuable coins but our quiet suburban town was the recent victim of a knife-wielding robber at a local book store. Five years ago there was a local rash of breaking-and-entering robberies in our quiet neighborhood. The gang would ring the doorbell to see if anyone was home, then check for unlocked windows & doors in order to gain entry unobserved. Our lawyer nearby was one victim. I've become compulsive about checking door & window locks. I leave the motion-activated floodlights in our side yard on 24/7. This is where my Kohler 14 kW genset is located & is fenced in, so the windows on that side of the house make ideal targets for B&E thugs, especially after dark. The floodlights would scare away anyone prowling back there because they have no way of knowing if it also triggered a silent alarm or CCTV camera. |
| | Forum: US Classic and Colonial Coins |
| |
| Advice On Gold Coin Purchase
|
|
JacksinPA
New Member
United States
30 Posts |
Posted 10/24/2019 11:33 am
|
| I checked prices for the stated PCGS grades against the numbers given in Encyclopedia of Gold Coins. In the case of the 1890-CC I did pay a hefty premium but I assigned my own personal value to a historic series of coins, historic both from the standpoint of the Carson City mint & from the standpoint of the dwindling supply of gold from the nearby Comstock Lode. I had recently finished reading a book on the history of the Comstock. While a local auctioneer told me that a collection is not worth more than the sum of its individual components, I consider this historic series to be worth more to me than the same $ amount of paper money that I had sitting in the bank. I also identified a reliable & local supplier of vintage U.S. gold & silver coins & am still curious as to what happened to that 9-year old thread bad mouthing Coast Coin. |
| | Forum: US Classic and Colonial Coins |
| |
| Advice On Gold Coin Purchase
|
|
JacksinPA
New Member
United States
30 Posts |
Posted 10/23/2019 8:53 pm
|
I've been buying the odd pre-1933 U.S. gold coin for several years but have stayed away from the graded/slabbed coins mainly due to te higher price. Over the past 2 days, however, I purchased one each of the final 4 years of $10 Liberty Eagles minted at Carson City from Coast to Coast Coins & Currency, as follows:
1890-CC
1891-CC
1892-CC
1893-CC
Each coin was shown with obverse & reverse as well as a pic of the PCGS slab with their reg number & grading info. I paid a premium for at least one coin but these are the last 4 years of production & were coined in limited numbers from the shrinking supply of Comstock Lode gold. These coins are history.
Not only were the CoastCoin people friendly & efficient in processing my orders, I was encouraged by their top rating with the BBB as well as their 100% positive feedback score in their eBay store. They also have a 14-day return policy, so I felt confident in dealing with them.
There was a thread 9 years ago in this board that spoke very negatively about this firm. Apparently that thread is locked because I could not post to it even after having sent a message to a moderator. |
| | Forum: US Classic and Colonial Coins |
| |
| Junk Silver Hoarding
|
|
JacksinPA
New Member
United States
30 Posts |
Posted 10/16/2019 3:35 pm
|
Long-term hold cost me $150K in 2001 in the dot.com bubble. When Corning Glass & semiconductor stocks started to drop, I followed the long-term hold strategy & lost half of what I had before I could get out. CG went from $300 to $3 in 2 weeks. Still now in a nice annuity that pays me 6%, which beats inflation. Wife had considerable holdings so we live well.
Don't believe the Government inflation numbers. A visit to any food store will show you that. Homes like mine in my neighborhood have been appreciating at 5% based on comp sales of the same style houses.
I still believe that silver is a good hedge against inflation. The problem is, who to sell it to? If the economy is in ruins, why would have the interest or the means? |
| | Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum |
| |
| Junk Silver Hoarding
|
|
JacksinPA
New Member
United States
30 Posts |
Posted 10/16/2019 12:35 pm
|
I just emptied the silver tubes out of my safety deposit box after checking my account balances & transferring some money to both our joint account & to pay down my cash rewards card. I just bought an NGC MS64 $2.50 Liberty quarter eagle from Monument Metals using e-check. While their web site shows the slabbed coin with RANDOM YEAR, I asked that they send me a picture of the actual coin being sent in case I want to list it on eBay or elsewhere. I can take very nice photos with my Samsung tablet but it's nice to have a backup image.
I looked at the chart of silver prices from 1915 to near the present & a did not see any positive trends that would instill confidence. I am thinking about liquidating my silver Roosevelt dimes & Washington quarters & converting the proceeds into gold. A lot of people collect silver so it should be an easy transition.
I already have some $20K worth of vintage U.S. gold, almost all S mint mark but I also have a $10 with an O.
Gold is up over $8/ounce mid-day. |
| | Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum |
| |
| Junk Silver Hoarding
|
|
JacksinPA
New Member
United States
30 Posts |
Posted 10/15/2019 1:38 pm
|
| I disagree. I still have not gotten a response to my earlier post asking what the value of a dime was both before and after October 1929. Even in just a barter situation, silver that is recognizable as real money (Roosevelt dimes & Liberty quarters) will still be worth a tank of gas or a loaf of bread. |
| | Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum |
| |
| Junk Silver Hoarding
|
|
JacksinPA
New Member
United States
30 Posts |
Posted 10/14/2019 2:14 pm
|
| Dumb question: I am amassing a lot of silver but the point that I've found little discussion on is what to do in the hope that the SHTF. This country has gone through periodic depressions, the most recent being in 1929. I lost a lot of money in the dot.com stock market bubble in 2001 & with the market at all time highs & a loose cannon running the country I have to agree with the numerous sources that are predicting an economic collapse at any time. So what do I do other than wait to see what develops? Just be content with having a very heavy investment? |
| | Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum |
|
| Junk Silver Hoarding
|
|
JacksinPA
New Member
United States
30 Posts |
Posted 10/12/2019 9:09 pm
|
They are truly fascinating creatures. Their venom apparatus is amazing, like a harpoon-hypodermic syringe that inject prey with a very specific mix of small, toxic proteins all based on the amino acid cysteine. But what intrigues me is the fantastic coloration patterns of their shells. How & why they devote all the energy needed to produce these patterns is a real puzzle because they have poor eyesight & are only active at night. So they can't see the patterns of other snails they might run into.
Regarding toxicity to humans, one is called the 'cigarette snail' because if you're envenomated by one you only have enough time left to smoke one before you die. |
| | Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum |
| |
| Junk Silver Hoarding
|
|
JacksinPA
New Member
United States
30 Posts |
Posted 10/12/2019 5:24 pm
|
'Junk silver' (i.e. previously circulated pre-1965 dimes, quarters & halfs) by definition have no numistatistic value. Uncirculated, proof or key date examples might have such value but then they would not be classified as 'junk'.
Their value is in their 90% silver content rather than their value to a coin collector looking for a specific denomination, date, mint mark, appearance, etc. |
| | Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum |
| |
| Junk Silver Hoarding
|
|
JacksinPA
New Member
United States
30 Posts |
Posted 10/12/2019 5:06 pm
|
The clear plastic boxes that I bought to house my cone snail shell collection proved to be perfect for my junk silver. Each box has 12 compartments & a lid with a snap closure. Each compartment exactly fits 4 CoinSafe square plastic dime tubes or 1 quarter & 2 dime tubes. I filled one box with dimes tubes & weighed it using my bathroom scale: 16.5 pounds, 90% of which is 14.85 pounds of silver. I've started a second box with one quarter CoinSafe tube & 2 dimes in each compartment. I can afford one quarter roll each month & one $100 face bag of dimes every other month. I examine & count each dime & quarter individually. My vision is such that I need a magnifying glass to check the dates on the shinier dimes. It is a tremendous amount of fun especially because my hands are accumulating wealth for my future.
I'm progressing on my literature search of coin validity verifying mechanisms & hope to be able to offer it for sale in the near future via my e-Bay store.
Jack |
| | Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum |
| |
| Junk Silver Hoarding
|
|
JacksinPA
New Member
United States
30 Posts |
Posted 10/09/2019 8:43 pm
|
I'm still interested in finding out what silver coins were worth both before & after the stock market crash of 1929. Someone must have studied this & published about it.
I love the old college drinking songs that refer to your ability in the late 19th century to get a beer & a sandwich for a dime. Granted the bars that offered such a menu were heavily subsidized by the breweries, but neither the bars nor the breweries were in business to lose money. |
| | Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum |
| |
|
