Afternoon everyone…..
I wish that I had the funds to obtain a complete a United States gold coin type set. But I don’t.
So…..
I constantly check several auction sites for coins that are being overlooked or are well under their value with the current winning bid.
Now, neither of these happen very often. But when they do you need to pounce on it.
While I was watching the Super Bowl two Sundays ago. I was also on the prowl for a good deal on a coin that I’ve had on my radar, which there are many…..
Obviously from the title you know that it’s a gold coin. But it’s not just any old gold coin. It’s an 1851 type 1 Philadelphia strike $1 US gold coin. It’s been graded by PCGS as an MS62. But after looking through my 30X power loupe and seeing the luster on it. I disagree with the grade. I think it should be a little higher. It’s a super crisp example. But….
This coin normally sells in the $500-$600 range in this grade. Well I was able to pick this exact coin up for more than $100 less than the lower end of that. It was a deal I couldn’t pass up.
The mintage on this coin at time of issue was 3,317,671 coins. The experts in their opinion less than 15% have survived. So that’s roughly half a million in existence. Between the two most well known grading companies PCGS and NGC, there are only a little over 5,000 reported examples of these coins in mint state condition. That’s only 10% of the coins.
Here is some coin info:
Features
Issuer United States
Period Federal republic (1776-date)
Type Standard circulation coin
Years 1849-1854
Value 1 Dollar (1 USD)
Currency Dollar (1785-date)
Composition Gold (.900) (.100 copper)
Weight 1.672 g
Diameter 13 mm
Shape Round
Technique Milled
Orientation Coin alignment ↑↓
Obverse
Liberty Head left, 13 stars around
Script: Latin
Lettering:
LIBERTY
L
Engraver: James Barton Longacre
Reverse
Face value and date a wreath
Script: Latin
Lettering:
UNITED STATES OF AMERICA
1 DOLLAR
1852
Engraver: James Barton Longacre
Edge
Reeded
I am very happy to have won this….