280 for a 1901 5 dollar coin
 

did i get ripped off??

i wanted to add some gold to my silver, and this was all they had that i could afford?

it says its worth 223 on coinflation, but i know there are premiums ??

what would you pay???

Re: 280 for a 1901 5 dollar coin
 

Pre-33 in good shape worth more than bullion.
Is it graded?
Post a scan or a pic.

Pre-33 is my favorite flavor - so I am biased.

ST

Re: 280 for a 1901 5 dollar coin
 

If I were trying to add gold I wouldn't bother with early American coins; I'd look for something available around melt.

Still not a bad deal, though. I like the Indians a lot and collectors will pay a premium.. :applause_

Re: 280 for a 1901 5 dollar coin
 

it doesn't say five dollars, it says "5d"

Re: 280 for a 1901 5 dollar coin
 

It should.

Re: 280 for a 1901 5 dollar coin
 

off th top of my head, 280 is decent price for one in pretty good condition.

Melt value might be around $240 or so.

Re: 280 for a 1901 5 dollar coin
 

Saw am MS 60 go for $340 a week ago.
Just my personal opinion -
Pre-33, in good condition, mitigates some volatility. If gold shoots up past 1k and beyond it's all academic from there. If it drops you can still move on the numismatic market.

Re: 280 for a 1901 5 dollar coin
 

$280 seems below the going rate for those right now. As of this post, APMEX is asking $331 for XF or better, dates of their choice. I would have picked it up for that price, but like others here, I prefer pre-33 to modern bullion.

And technically, it should say "FIVE D". The "5D" was on the "capped bust" and "classic head" varieties, not the liberty head from that time period.

Re: 280 for a 1901 5 dollar coin
 

Perhaps a new thread idea?

Would love to continue getting ideas and opinions from the enlightened.
History, MF and others always have great insights on the Numi material and GS knows
feebay ins and outs - what say you guys?

ST

Re: 280 for a 1901 5 dollar coin
 

it was priced at 325. i offered kim 275, he came back at 300, i said i will think about it and come back. he saik ok, 280 - so i bought it.

i want to add a few fractionals to the mix. i am not in the position to buy ounces, but i can buy half ounce, quarter ounce, tenth ounce here and there. ordered 3 more 10 ounce JM bars while I was there. 160 a piece.

Re: 280 for a 1901 5 dollar coin
 

I like them slabbed. That said here's a quick way to look at the US gold pre-1933 coins. First look at the price of gold currently. I always add a few bucks so at $930 today - I make it a grand.

That makes the $5 around $250
the $10 around $500
the $20 around $1000 INTRINIC value. Cheaper than that is usually a steal.
And that $1000 price should scoot big time this year toward $1500 to $2000.

Okay.

Now take a look at the PCGS price slab site. Those are retail so you can figure a 15% to 20% deduction for quick cash when buying or even selling. Sorry.

I also compare to my COIN WORLD online site and my Coin Value current books. If you get into coins this COIN WORLD site is great a weekly mag plus monthly price mag plus all 8 mags online including WORLD COINS - my favorite because of my diet coke budget for coins before 1800.

So now you really have a bottom price and a way to look at rarity prices.

If you see a 1/2 Liberty or Indian US gold pre-1933 you know if you have the BUCKS and the price is around $500 - you are probably smart to grab it according to appearance. You REALLY need an automatic "brain cheat sheet" (old cop thing - to find the sections quickly) so study up a bit by searching the coins you like (TYPE) on PCGS slabbed site prices.

http://www.pcgs.com/prices (I think)

I usually stay away from $2.50 to $1.00 gold coins because they BRING really high PREMIUM over gold value slabbed.

I also think the EAGLES ($10) especially the LIBERTIES - are under-rated and find them fascinating - and many are available slabbed. Just because they have a big brother - but heck two of them make $20 right? The Indians really bring a high premium and I really find most weakly LOOKING as struck. Beautiful - BUT weakly slightly poorly LOOKING as minted.

I would study the $5 liberties right NOW if I was brand new. REALLY check out the $5.00 INDIANS too - for they are reverse struck and rather beautiful - the only regret IU have is NOT grabbing many of those when I could have: also grab a few of the $2.50 Indians too if you get the cheap ones. Remember the AU58 can be prettier than the MS62s. PICK the COIN in the slab never BY the NUMBER. Forget the number some are really ugly. Like an old girfriend 20 years later - just kidding. By the way I have a few UGLY coins - they come with the territory - I'm just trying to save you the hassles - because like an old girl friend who lives next door they are right there to remind you of your FIRST mistakes.

:36_1_34::yes::111::111::111:

Re: 280 for a 1901 5 dollar coin
 

thanks. the coin is in good shape. it is growing on me. i am going to try to buy a half ouncer next week if i can find one for around 500. :bear_w00t:

Re: 280 for a 1901 5 dollar coin
 

indians are cooler IMO. I love the incluse design.

Re: 280 for a 1901 5 dollar coin
 

$5 and $10 indians look great......just something about the coin that I like.

Re: 280 for a 1901 5 dollar coin
 

Like the 2.5 as well.

Re: 280 for a 1901 5 dollar coin
 

anyone collect the 2.5 and 5 have any insight. these coins look so interesting.

the liberties are also pretty kool.