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- - advise for 1911 $10 Indians. (http://goldismoney.info/forums/showthread.php?t=360165)

esoteric | 03-20-2009 06:17 AM
advise for 1911 $10 Indians. Hay all Went to a coin shop today and saw two $10 indians un-graded. one was 1911 and the other 1912. The 1911 was definitely in better condition. I am quite new to numismatics but been doing a fair bit of reading, research online and I would say the 1911 is around AU-58. The guy at the shop said he thought it was a 60 (pain in the ass doing business like this). He gave me a quote of $750 each for both the coins. I am assuming there would be a fair bit of bargaining room on that price. Whats the fair price for something not graded and slabbed assuming its around a 58-60. Cheers for help

oldmansmith | 03-20-2009 07:00 AM
Re: advise for 1911 $10 Indians. Just checked APMEX, $ 741 for VF or better. http://www.apmex.com/Category/252/10...07___1933.aspx The premiums have gone up a lot since I bought from them last year at about the same spot price (the premiums on ungraded Saints and 20 dollar liberties is about $200 bucks more!) 10 Indians are one of my favorite gold coins. I alway show people one when we talk about gold coins, they are impressed to think that THIS was 10 dollars! I should have bought all I could when I could have bought them for 400 bucks (sigh). Good luck, if you like them it seems reasonable especially if you can get the price down.

esoteric | 03-20-2009 08:50 AM
Re: advise for 1911 $10 Indians. Thanks mate, hopefully I can get him down to 700 or there abouts. The only problem I am worried about is the grading as I am slightly new to it all. Buying raw coins feels a bit more riskier. Quote:
Originally Posted by oldmansmith (Post 1636169) Just checked APMEX, $ 741 for VF or better. http://www.apmex.com/Category/252/10...07___1933.aspx The premiums have gone up a lot since I bought from them last year at about the same spot price (the premiums on ungraded Saints and 20 dollar liberties is about $200 bucks more!) 10 Indians are one of my favorite gold coins. I alway show people one when we talk about gold coins, they are impressed to think that THIS was 10 dollars! I should have bought all I could when I could have bought them for 400 bucks (sigh). Good luck, if you like them it seems reasonable especially if you can get the price down.

CoinNut | 03-20-2009 09:15 AM
Re: advise for 1911 $10 Indians. "New" buying numismatics...."Raw" coins...Ebay auctions you should get a PCGS-58 for around $750. The buy it now's, a bit more. Raw 6-700...Assume a raw coin is "AU" and CLEANED. Stick with PCGS graded ones, til you are comfortable with your grading "skills". You pay less learning fees..$$..that way.:yes:

madfranks | 03-20-2009 09:37 AM
Re: advise for 1911 $10 Indians. One more piece of advice - check the rims to make sure they are not ex-jewlery pieces with rim damage or solder!!! My first numismatic gold purchase was a pre-33 gold and I never checked the rim, much later I found out it was damaged which really hurt the resale value.

esoteric | 03-20-2009 11:06 AM
Re: advise for 1911 $10 Indians. I am thinking that way too. I can get coins which are cert from online dealers at pretty good rates. and I really would not be able to tell if a coin has been cleaned or touched up, only reason I was thinking about buying was because I am based overseas and I actually went to over 5 different coin shops to finally be able to find two indians. guess I'll be sticking with paying shipping. Quote:
Originally Posted by CoinNut (Post 1636298) "New" buying numismatics...."Raw" coins...Ebay auctions you should get a PCGS-58 for around $750. The buy it now's, a bit more. Raw 6-700...Assume a raw coin is "AU" and CLEANED. Stick with PCGS graded ones, til you are comfortable with your grading "skills". You pay less learning fees..$$..that way.:yes:

esoteric | 03-20-2009 11:07 AM
Re: advise for 1911 $10 Indians. Quote:
Originally Posted by madfranks (Post 1636321) One more piece of advice - check the rims to make sure they are not ex-jewlery pieces with rim damage or solder!!! My first numismatic gold purchase was a pre-33 gold and I never checked the rim, much later I found out it was damaged which really hurt the resale value.
good advice. that would seriously piss me off to find out after the fact.... oh yeah does anyone know what is on the rims of the $10 indians? I was reading on a somewhere that they have 46-48stars on the rims?????

lhslancers | 03-20-2009 04:53 PM
Re: advise for 1911 $10 Indians. You might look at an old coin like that and think it's in decent shape but the thing might come back graded XF40 or something. Be careful.

The Great Ag | 03-20-2009 04:54 PM
Re: advise for 1911 $10 Indians. If you intend on buying a lot of pre 33 gold coins, this book is a must have! Amazon Amazon It has saved me hundreds if not thousands of FRNs. US gold coins have been copied many, many times overs. Even if the weight and dimensions are accurate, proving it is gold, it may be a fake. As such it is worth spot price and a VERY small premium. Before you buy, weigh and measure the dimensions. The dimensions should be exactly: Diameter: 26.8 millimeters Metal content: Gold - 90% Other - 10% Weight: 258grains (16.7 grams) This way you will know if it is gold. His pricing is fair. Offer 1400FRN cash, ONLY IF THEY ARE THE REAL THING. Even a dealer can be spoofed and they know what they are doing, mostly. Just because his is a coin dealer DOES NOT mean he can detect fakes any better than anyone else. Good luck and have fun. The Great Ag

lhslancers | 03-20-2009 05:09 PM
Re: advise for 1911 $10 Indians. Free site. Have fun. http://www.pcgs.com/prices/PriceGuid...e=Indian+%2410

HistoryStudent | 03-20-2009 05:33 PM
Re: advise for 1911 $10 Indians. I've been doing this for years - and I do NOT (repeat DO NOT) play with raw coins - I've BURNED myself more than once with whizzed coins and altered coins that CAME back in serious :4_1_72: body bags! I'm sure somebady above mentioned to BUY the coins already encapsulated - PCGS NGC - the heck with MS60s I would BUY AU58 they are usually much more attractive anyway. Buy the COIN not the NUMBER. Best Wishes, This ain't rocket science - but a hell of a lot of common sense; HS:wink: Experience is one GREAT teacher - it is!

lhslancers | 03-20-2009 05:50 PM
Re: advise for 1911 $10 Indians. Quote:
Originally Posted by HistoryStudent (Post 1637169) I've been doing this for years - and I do NOT (repeat DO NOT) play with raw coins - I've BURNED myself more than once with whizzed coins and altered coins that CAME back in serious :4_1_72: body bags! I'm sure somebady above mentioned to BUY the coins already encapsulated - PCGS NGC - the heck with MS60s I would BUY AU58 they are usually much more attractive anyway. Buy the COIN not the NUMBER. Best Wishes, This ain't rocket science - but a hell of a lot of common sense; HS:wink: Experience is one GREAT teacher - it is!
HS I love those old coins but I think I would rather get a cheap one than even a 58. Do you think there will be much more appreciation is a grade like 58 than pure bullion? I just like having some old Gold. I love my old scruffy $10 Libs.:biggrin:

HistoryStudent | 03-20-2009 06:31 PM
Re: advise for 1911 $10 Indians. Quote:
Originally Posted by lhslancers (Post 1637215) HS I love those old coins but I think I would rather get a cheap one than even a 58. Do you think there will be much more appreciation is a grade like 58 than pure bullion? I just like having some old Gold. I love my old scruffy $10 Libs.:biggrin:
58s are MY favorite secret. heck, I even bought a few saints in 58 for about spot years ago. Now they are $1500 ish. So many 58s are better looking than MS62s. HONEST Buy the coin not the holder buy buy the cheap 58s with a nice looking coin- PS use a LOOP around 10X and also have a 5X glass. I love the $10 eagles in libs and indians too - I have a collection. In fact they were my first 10 SLABBED coins at about $185 to $205 each I believe. Gold was $275 spot then - You buy what's available (when you are new and green) they were all MS62s. I keep my coins is real nice boxes. 25 coins clear top alum. boxes.

esoteric | 03-20-2009 07:35 PM
Re: advise for 1911 $10 Indians. Quote:
Originally Posted by lhslancers (Post 1637077) You might look at an old coin like that and think it's in decent shape but the thing might come back graded XF40 or something. Be careful.
yeah think I am going to have to stick with the graded ones for now, just too many variables for a newbie. on the side note numismatics are great fun. I've been trading bullion, forwards/future gold for a fair few years now, made good money but never really had this much interest. having fun with it is what its all about........ going to have to get studying and reading to learn more about pre-1933 gold. I went to another shop today and checked out a 1921 silver Morgan dollar MS-63, going for a quoted price of $65(which I think is way over priced but I am going ask him what he wants). Wonder how these will appreciate in value with the zero's been added to the money supply.

esoteric | 03-20-2009 07:38 PM
Re: advise for 1911 $10 Indians. 58's? why is it that everyone recommends buying up ms-63 and up??? I was thinking about going for 64 and 65. Do the lower grades have more room to move up? Quote:
Originally Posted by HistoryStudent (Post 1637278) 58s are MY favorite secret. heck, I even bought a few saints in 58 for about spot years ago. Now they are $1500 ish. So many 58s are better looking than MS62s. HONEST Buy the coin not the holder buy buy the cheap 58s with a nice looking coin- PS use a LOOP around 10X and also have a 5X glass. I love the $10 eagles in libs and indians too - I have a collection. In fact they were my first 10 SLABBED coins at about $185 to $205 each I believe. Gold was $275 spot then - You buy what's available (when you are new and green) they were all MS62s. I keep my coins is real nice boxes. 25 coins clear top alum. boxes.

HistoryStudent | 03-20-2009 10:50 PM
Re: advise for 1911 $10 Indians. Quote:
Originally Posted by esoteric (Post 1637375) 58's? why is it that everyone recommends buying up ms-63 and up??? I was thinking about going for 64 and 65. Do the lower grades have more room to move up?
When you have the 63s through 65s in the common dates then you get bored and try to FILL in the collection. Try to buy a Saint in MS65 like a 1909 D for $45,000.00 smackers. or a 1908 S for $60,000 smackers. While the 1909 D in AU55 is $1,700 or the 1908 S in XF40 is $3,500 then you understand why the LOWER grades LOOK more attractive if you are like the unwashed rest of us with champaine tastes and and a diet coke budget. :5_1_120::5_1_120:

The Great Ag | 03-21-2009 11:38 AM
Re: advise for 1911 $10 Indians. Quote:
Originally Posted by HistoryStudent (Post 1637169) I've been doing this for years - and I do NOT (repeat DO NOT) play with raw coins - I've BURNED myself more than once with whizzed coins and altered coins that CAME back in serious :4_1_72: body bags! I'm sure somebady above mentioned to BUY the coins already encapsulated - PCGS NGC - the heck with MS60s I would BUY AU58 they are usually much more attractive anyway. Buy the COIN not the NUMBER. Best Wishes, This ain't rocket science - but a hell of a lot of common sense; HS:wink: Experience is one GREAT teacher - it is!
I love raw coins and prefer them to slabbed. I do have slabbed, but those coins are no where the excitement as a raw coin. I have only been burned once, on eBay. I DO NOT buy raw coins off the computer. Raw coins are a treat to to hold. I use cotton gloves for most of my raw coins, even a coin in XF condition. Holding a little piece of golden history in your hand. . .is a treat unto itself. I will say the $10 indians I have are all slabbed. Too pricey to play with. The Great Ag

twenty4karat | 03-21-2009 04:17 PM
Re: advise for 1911 $10 Indians. Quote:
Originally Posted by esoteric (Post 1636143) Hay all Went to a coin shop today and saw two $10 indians ungraded. one was 1911 and the other 1912. The 1911 was definitely in better condition. I am quite new to numismatics but been doing a fair bit of reading, research online and I would say the 1911 is around AU-58. The guy at the shop said he thought it was a 60 (pain in the ass doing business like this). He gave me a quote of $750 each for both the coins. I am assuming there would be a fair bit of bargaining room on that price. Whats the fair price for something not graded and slabbed assuming its around a 58-60. Cheers for help
Check this PCGS chart out: http://www.pcgs.com/prices/PriceGuid...e=Indian+%2410 Look at the 1911 in all 3 Mintage's. You'll find all of them to be quite low. I say buy the frickin' coins just for the gold content. The price of gold will be well over that before the end of the year. If their is any Numismatic value, that'll be just a bonus. When Gold prices are setting them selfs to take off, bikering over nickles and dimes is ridiculous. Marantha, :smile:

esoteric | 03-21-2009 10:19 PM
Re: advise for 1911 $10 Indians. :bear_thumb: you dont know how tempting it is......I figure theres nearly 0.5oz in there and with gold soon to cross the $1000 mark it seems like an ok deal for around 700 or there abouts. the only thing is I am in Asia and not the states added to that been a newbie to numismatics I just do not have the experience to tell grade or even (low possibility as its an american guy with a store) if it is real. I have always thought it is important for a man to know what he does not know. Quote:
Originally Posted by twenty4karat (Post 1638603) Check this PCGS chart out: http://www.pcgs.com/prices/PriceGuid...e=Indian+%2410 Look at the 1911 in all 3 Mintage's. You'll find all of them to be quite low. I say buy the frickin' coins just for the gold content. The price of gold will be well over that before the end of the year. If their is any Numismatic value, that'll be just a bonus. When Gold prices are setting them selfs to take off, bikering over nickles and dimes is ridiculous. Marantha, :smile:

Buyingsilvers | 03-21-2009 10:30 PM
Re: advise for 1911 $10 Indians. While I do love the design of the "indian" coins (not so much the liberty head), I am not willing to pay over spot for them, as Im primarily a bullion guy. So I've bought raw coins on ebay before and verified them as gold with teh caliper/scale tests. As to whether they're real or fake, I believe them to be real, but dont really care as long as they're gold!

HistoryStudent | 03-22-2009 02:42 PM
Re: advise for 1911 $10 Indians. Quote:
Originally Posted by The Great Ag (Post 1638310) I love raw coins and prefer them to slabbed. I do have slabbed, but those coins are no where the excitement as a raw coin. I have only been burned once, on eBay. I DO NOT buy raw coins off the computer. Raw coins are a treat to to hold. I use cotton gloves for most of my raw coins, even a coin in XF condition. Holding a little piece of golden history in your hand. . .is a treat unto itself. I will say the $10 indians I have are all slabbed. Too pricey to play with. The Great Ag
Good stuff. I agree as we are all different and have different reasons and strategies for the end game. I want something a tad more marketable for the POPULATION "like in the PIANOIST movie on the table in GHETTO." Like you I love to hold the real coins. As I do have some bullion and a few saints and Liberties in the RAW. (The ones that came back in BODY BAGS) So I don't forget how one even with KNOWLEDGE can get SWINDLED blindly. Frankly I recently had 99% of my coins encapulated so the future can go a tad more smoothly - I PRAY. Ain't tha a KICK in the HEAD. :thumb.aspx::thumb.aspx::thumb.aspx::signs14:

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