DoChenRollingBearing
Yellow Jacket
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Over the past several months, I have bought a tiny number of old US $5.00 gold pieces ("Liberty" style, see below), all of them from before 1900. All of them in "AU" condition or better (AU = "About Uncirculated", and is a coin in excellent condition). All of them are "common date" pieces. Rare coins of this type go for MANY THOUSANDS of dollars each...
I did this to explore some more the idea of "gold diversification". My thought is that old US coins from before 1900 would NOT be confiscated. I do not believe confiscation is likely nor, of course, a practical policy by .gov.
Each US $5.00 piece has about 0.24 toz, and the premium is about $100 (very roughly, I do not have a receipt at hand). Those coins are pretty! That is another reason I have a few. The "S" mint mark is just above the "V" and below the eagle near the bottom of the "tails" (reverse) side.
The below is an 1880-S $5.00 (the "S" means it was made at the San Francisco mint). I have one of those! It's a pretty coin, no? This one is in better condition (this would probably be a "BU", "Brilliant Uncirculated").
The photo may be copyrighted, here's the link:
http://websitepicturesonly.coinauctionshelp.com/New_US_COIN_IMAGES/$5Gold/1880-s$5libertygold.jpg
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Does anyone else here collect these kinds of coins? Even if in small quantities?
Comments very welcome!
...
Over the past several months, I have bought a tiny number of old US $5.00 gold pieces ("Liberty" style, see below), all of them from before 1900. All of them in "AU" condition or better (AU = "About Uncirculated", and is a coin in excellent condition). All of them are "common date" pieces. Rare coins of this type go for MANY THOUSANDS of dollars each...
I did this to explore some more the idea of "gold diversification". My thought is that old US coins from before 1900 would NOT be confiscated. I do not believe confiscation is likely nor, of course, a practical policy by .gov.
Each US $5.00 piece has about 0.24 toz, and the premium is about $100 (very roughly, I do not have a receipt at hand). Those coins are pretty! That is another reason I have a few. The "S" mint mark is just above the "V" and below the eagle near the bottom of the "tails" (reverse) side.
The below is an 1880-S $5.00 (the "S" means it was made at the San Francisco mint). I have one of those! It's a pretty coin, no? This one is in better condition (this would probably be a "BU", "Brilliant Uncirculated").
The photo may be copyrighted, here's the link:
http://websitepicturesonly.coinauctionshelp.com/New_US_COIN_IMAGES/$5Gold/1880-s$5libertygold.jpg
* * *
Does anyone else here collect these kinds of coins? Even if in small quantities?
Comments very welcome!
...
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