Price check on liberty double eagle
 

I'm selling something and the buyer offered me: "A Liberty seated $20 US gold coin dated 1894. Referred to as a Liberty Double eagle coin. 90% gold, 10% copper"

From the checking I've done that should be worth atleast $550 FRNs correct?

Thanks in advance.

Re: Price check on liberty double eagle
 

The $20 Liberty gold pieces contain .96750 of an ounce of gold. There is only the head of Liberty on the obverse of the coin, so "seated" is not correct. I would guess the minimum value is the same as an ounce of gold, more if it is in better condition.

Re: Price check on liberty double eagle
 

I think it would be a little more. $20 gold has a melt value of almost $540 right now. Even common dates should have a premium of $20-$30. I think when he said seated its referring to the eagle, as opposed to it being a flying eagle.

Re: Price check on liberty double eagle
 

Perhaps. There is such a thing as a "Seated Liberty" silver dollar. Lady Liberty is seated, holding a flag. Maybe someone confused the two. I was just going by the proper names, as listed in the red book. You're right about the 1894 being a common date coin. Over 1.3 million coins minted that year. The value of the coin doesn't increase much, until you get to the uncirculated grades.

Re: Price check on liberty double eagle
 

Prometheus
At $7 under spot I am a buyer....all day long. I picked up an AU Liberty Double Eagle for $10 over spot and thought it was a smokin' deal. Do your research. Make sure you know what your getting. The "seated" sounds fishy, could be bad communication.
Good Luck
Prag

Re: Price check on liberty double eagle
 

I've dealt with the guy before and no issues (no PM's until now). I'm trading him a Norinco 320 Uzi -value about $550, so he'll be sending the coin along with his FFL before I can ship anyway. Not that I'm worried about this guy screwing me...

Thanks for all the answers thus far!

Re: Price check on liberty double eagle
 

Prometheus
Sweet deal for both of you. I think old coins are cool and enjoy them. However I won't pay big premiums for numismatic value. If I can pick up "generic gold" (common coins) cheap, I am all over it. Gold is gold, right? Recognizable and people think they are cool when I go to resale. Paying less premium than a Gold Eagle. You trust the guy. Whats not to like?
Enjoy
Prag

Re: Price check on liberty double eagle
 

When this chart was written Spot Gold was $525

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<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD noWrap>Publication:Coin World; </TD><TD noWrap>Date:<SCRIPT xmlns:ms="urn:schemas-microsoft-com:xslt"> var d = new Date("01/23/2006"); document.write(d.toLocaleString().replace(/([0-9])*[0-9][:,-][0-9][0-9]([:,-][0-9][0-9])*( AM| PM)*/gi,"")); </SCRIPT> Monday, January 23, 2006 ; </TD><TD noWrap>Section:Coin Values; </TD><TD noWrap>Page:50</TD><TD noWrap></TD><TD width="100%"></TD><TD noWrap></TD></TR></TBODY></TABLE>http://online.amospublishing.com/Rep.../Ar0500000.gif

Re: Price check on liberty double eagle
 

Pragmatist, thanks much for the link!

Re: Price check on liberty double eagle
 

Too bad this coin isn't for sale, even though I have to admit I probably mislabeled it. Not that heavily into numiastics, especially gold coins. I only know which ones I have, not their given or assigned names.

Promethus, thanks for the vote of confidence. It is appreciated.


Brian HK

Re: Price check on liberty double eagle
 

FWIW,

My rule on gold double eagles, pre 1933 $20 gold or whatever you call them:
If I can pick it up for the same as a modern gold eagle bullion, I buy it.

:eating: beef

Re: Price check on liberty double eagle
 

Prag,
Thanks also for the vote of confidence. Some time when I have the time I may post a picture of the coin in question.

Brian HK