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 Replies: 15 / Views: 701 |
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Pillar of the Community
Italy
1101 Posts |
Seems like a relatively unloved gold commemorative... Saw it today for around spot... Why so little love for this one? Thanks!   Edited by Roma2021
12/19/2023 2:27 pm
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Moderator
 United States
32709 Posts |
@commems will certainly know more, but this looks like the proof version rather than the business strike. Either way it's a nice pick-up!
"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Pillar of the Community
 Italy
1101 Posts |
@spence. I haven't bought it yet. But I'm considering it. I also posted a 1986 AGE under the bullion forum thread to confirm authentic but there isn't usually as much engagement in that thread section.
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Moderator
United States
32709 Posts |
Yes I saw that. My personal opinion is that I don't like to buy gold or silver bullion without it either being slabbed or else unless I can test it with my Sigma Metalytics (or both ideally).
"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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CCF Master Historian of USA Commemoratives
United States
11027 Posts |
Many of the earlier modern commemorative US gold Half Eagles, especially the higher mintage proof coins (like the one shown), can be purchased for just over bullion. The coin's subject - the Bill of RIghts - is not realy relevant.
The coin shown would be classified as an impaired proof due to its many surface marks and wouldn't typically sell for more than bullion. Many collectors prefer these modern US commemorative coins pristine and in their Original Government Packaging (OGP); lesser-quality coins without the OGP have a much smaller market.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Bedrock of the Community
United States
94367 Posts |
Buy it if you like it, but I don't see it as a solid investment (read - just a bullion coin).
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Bedrock of the Community
United States
13261 Posts |
Agree this is an impaired proof and has zero numismatic value - its value is 100% tied to the price of gold.
Take a look at my other hobby ... http://www.jk-dk.artToo many hobbies .... too much work .... not enough time. |
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Bedrock of the Community
United States
33743 Posts |
Many of these 90% gold commems have been tossed in the bullion bin.
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New Member
United States
33 Posts |
I think it's an underappreciated set but don't quote me... There are grade and mintage rarities like 1996 Smithsonian uncirculated coin with a mintage of 9000 pieces with only 95 making MS70 at PCGS
or the 2022 Negro Leagues Baseball uncirculated coin that only managed to sell 1,500 copies.
I'm a little over 1/2 way done with my MS registry set in PCGS 70 and it's a surprisingly difficult set to put together.
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Pillar of the Community
United States
6992 Posts |
I have been adding the $5 commemoratives to my collection. Mostly slabbed MS 69 or ms70 with a few raw coins in the original capsule. So far I have 28 different but the price of gold has been holding me back on progression recently. Oddly enough the The Bill of rights coin by the original poster is one I am missing.  |
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Pillar of the Community
 United States
4326 Posts |
It may be underappreciated, but there aren't a lot of collectors searching for these, so the prices mostly track bullion and with gold prices high, there won't be a lot of people entering the market.
Buy it if you like it, either as bullion or for the subject matter. Just be an aware buyer.
-----Burton 50 year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, OnLine Coin Club Owned by four cats and a wife of 40 years (joined 1983) |
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Pillar of the Community
Italy
1101 Posts |
I think I am going to pass..had it been less debased I probably would have bought it at gold price.
Thanks everyone for commenting!
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Pillar of the Community
United States
4882 Posts |
Either Way, I would say, Your investment is Solid. Beautiful Coin, The Traveling Marks seen would take away from a " Collectors " point of view, Just around Spot, Nice.....Investment or Hole Filling Too...? PS, I see Discussion about OGP, I am one of These Collectors, Classics , Modern, Silver and Gold, We Love The Pristine Coinage the Mints' Produce, along with The Original Government Packaging.........  |
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Pillar of the Community
Italy
1101 Posts |
I did not buy the coin but this discussion certainly helps me in thinking out loud about these type coins.
If I'm completely honest, I don't care for mint packaging and mostly avoid anything in boxes. Much of this is about space and handling; a capsule on the nightstand or table top is easy to handle and enjoy; mint boxes , for me at least, end up in a drawer. I understand the attraction though.
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Pillar of the Community
United States
4375 Posts |
James Madison, the clown who declared war on Great Britain and lost.
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Bedrock of the Community
United States
94367 Posts |
Oh c'mon. Most historians consider it a standoff after both sides threw in the towel at Ghent for different reasons.  |
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Replies: 15 / Views: 701 |
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Posted 12/19/2023 3:02 pm
