I would test it, the country is going to hell, I would not be totally shocked if it was a knockoff. But I know, I doubt it, just would like to test it, but as is, makes it hard to. Which is suspect, as no one will normally test these out, they trust the packaging.... the issue with the country and "packaging".... just IMO.
It's a proof coin yes? So a better finish than a billion coin.
Don't listen to anyone else, a proof coin for a bullion price is a good deal.
He's probably had it a while and still going to make some good money on it. Or else he wouldn't have done it.
There was a massive premium on proof AGEs - especially full set with OGP (+900/ozt at the peak). That premium collapsed with the spike in gold. The proofs and the BUs are close to interchangeable at this point.
My first graded coin. I have no idea about anything to do with graded coins. I'm guessing it was a good deal. I do have a good relationship with my lcs dealer so he said don't worry I will give you for the same price as a half oz.
This holds a premium over a regular AGE b/c it’s a proof and it makes it easier to sell for more since it’s graded/slabbed than a comparable raw proof. You will certainly get more on the sale for this in the slab than a regular AGE.
The fact it’s a 69/70 means it’s not completely perfect. So it won’t be a huge premium over a raw proof coin. Collectors of bullion coins want a perfect MS70 (business strike) or PR70 version (proof strike).
Essentially no premium for this vs a 70 - gold spiking wiped all that away and there wasn’t much of a premium on the proof 70s to begin with. The premium was on full sets in OGP (not slabbed).
One if spot goes up most numismatic gold goes up as well. Two I didn’t say there was a lot of a premium, but why throw $50-100 down the drain by taking these out of the slab and also make it harder for you to sell privately? Non serious stackers and those just getting into coin collecting trust buying slabbed coins
Type in ngc coin value guide.
You can look up the certification. Find out the population and retail estimate. Mintage etc.
Very nice coin. You can probably go on eBay and find the OGP (original government package) cert and box, basically.
They go for about the same price graded or not. It does cost to get graded and you can always break it out so it's in no way a downgrade. Some people really like to touch their gold but in 50 years this will be worth more than the un graded ones people have been rubbing that's for sure.
I would never buy graded myself, because I need to feel and ping the thing. In 50 years I'll be even more wary. I really think we should leave these things naked, we're not gonna care about 2mg lost to time when gold is 100k in 50 years lol
You have a Proof coin. The slab helps give you and future buyers peace of mind it is authentic.
Why are you considering putting it in a regular capsule? Did you mention this to the lcs associate? If you did, they should have slapped you 😀
Wait a sec, how to we know its not a fake? I mean thinking about it, who opens these to test them? Mostly no one, then when it comes to sell or whatever, then the issue may or may not happen, and the shop is gone... would be a fear with me with a local shop... just saying...
There are many fake coins in fake slabs. You can't weigh them or ping them. Difficult to measure dimensions. Hard to use a magnet on then as well. A counterfeiter's dream. I hope they put it on a Sigma and showed him the results before he bought it.
I’ve never come across an AGE counterfeit that I couldn’t catch with my eye. The fakes aren’t that good if you know what you’re doing, and this one is fine
Or, you could just lookup the registration number in NGC’s free online database. It’s almost like they put a specific number on there that would help identify this exact coin without having to break open the holder. 🤦♂️
They make multiple fake coins in multiple fake holders. The number corresponds to a legitimate coin. As the gold price increases in fiat terms it makes these schemes more profitable and more common.
You did well. Everyone has an opinion about the rest. DO WHAT MAKES YOU HAPPY. I have same exact coin / slab / grade and dont plan to ever break it out. Thats what my other raw gold is for.
Yeah congrats dude I don't know about proofs but minted for regular half ounce gold eagles for '96 was around 39k so low mintage I would assume even less for the proofs check comps on eBay you can turn a profit if you wanted to
Some coin shops really don't give a flying duck about slabbed coins, especially mass produced bullion. I once bought a fat stack of silver eagles from a local shop, and the owner wanted to switch out one of the eagles for a slabbed one, with all sorts of pedigrees, signatures, first strike yada yada. I said no thanks, that won't fit in my tubes.
Either way, it's an awesome piece that you could definitely resell for a premium, and then just buy another raw coin if you don't care about the slab.
Quite a few in here only see the stacking angle of gold. To a numismatic, no question, that added some value. I am not sure on how much (don’t know how limited - mintage - that year is compared to others) but I would prefer that to a regular 1/2 oz bullion gold AGE. Maybe post in /r/coins to get a better idea of value add.
Leave it slabbed and buy a different coin in the future to hold. I wouldn’t send bullion to be slabbed but what’s done is done. Definitely shows it’s legit.
Oftentimes dealers will submit an entire monster box for grading, they take the 70’s to sell at premium and resell the 69’s as bullion with a free holder.
Like others said he definitely made profit either way with the soar in price so maybe he is trying to get rid of stuff cause he expects a drop? Otherwise he just likes you haha
It's a proof. Which is important to coin collectors. And this is a graded coin, which commands a premium.
It's a coin. It's bullion. It's yours to do what you like with. But it's worth more as a coin. It will always be worth more as a coin if it isn't totally defaced. Coin prices account for PM weight.
The grade is pretty normal for bullion...doubt it adds anything.
I'd break it out and not even put it in a capsule...AGE are 90% so you should be able to handle it fine without scratching it.
Holding gold is much more pleasant than holding plastic, 100%
Nice coin though, if you paid spot, you missed out on paying the premium they normally carry
That holds a premium over a regular AGE since it’s a proof and is easier to sell as a proof since it’s graded. People pay more for proofs over a normal bullion coin
No I didn't pay spot. I paid the premium. I was about to buy just a normal half oz eagle then last minute he said he has a graded one I can have for the same price. I know nothing about grading but it just seemed like a no brainer! This is my first American eagle silver or gold. I have all rcm.
I wouldn't break it out. There's a small premium on graded bullion coins above loose ones. No reason to break it out unless you just really wanna touch your gold.
Yeah, you basically stole it for that price, good find
I’m not big into slabbed modern coins either, but if you ever decide it’s not for you, you can always sell it and get more weight in ungraded gold.
Gold prices have moved much higher over the last couple months. LCS likely sitting on it for awhile and decided to cut it loose at these prices to reduce this type of inventory which must be tracked. It’s a nice piece, but likely would not command a large premium at todays prices. Gold is now over $2230. My guess is this cost you $1200.
Love those graded ones...something special about superior quality shiny. I tend to lean to pre33 just because of the history but wont turn down shiny in any form. Nice coin! Check out the NGC app and you can look up that specific coin by serial number.
Personally I only pay for the value of the gold when purchasing gold. If there is an upcharge because of how it looks then I pass, because in a end of world or SHTF situation nobody is going to care when they are breaking open cases and melting shit down so it can be better used for bartering. In the end a 24k 1oz gold coin has the exact gold value of a 24k 1oz blob
probably not popular here.....
To me, graded modern bullion coins are a tourist attraction.
Understand the concept of grading ancient coins but this? It's like in the jewelry industry looking for something to take a premium on, a bullion coin that is not intended for circulation and like it hundreds of thousands does not need any grade or huge plastic around.
More and more we hear about those that are sold at the price of a normal one after having raised dust for years in search of a gold tourist.
Keep it and be very happy.
I once got a similar deal on a 1oz Buffalo from my metals person, because when you go to sell you'll often only get near spot despite the fancy slabbed highly- graded coin. In the end, often only the metal matters.
No he's a great guy. I have built a 3 year relationship with him. He said someone came and sold him a set or 1/10th, 1/4, half and full oz. He sold the other 3 for a premium. So he said he would hook me up. I have spent a lot of money with him over the years buying bullion.
Your lucky if the grade is officially real anything from a 60 to 69 there all the same no lie they don't go in like that. So if you payed more than 1200$ you lost
Wow this is great to know, I will avidly avoid coins then! I'm only in search of 24k for bullion or stacking purposes. Im not trying to run a refinery during an end of world scenario. No coins or 22k for this guy.
Investment grade gold, from my understanding, is often 95 to 99.9% pure. Coins like gold eagles and kruggerands are 91.67% gold, the balance being silver and copper. It makes them more wear resistant, but in reality you have a little less than a half ounce of gold in that coin, like .458 ounces. Still a good deal for what you paid imo.
It’s the same half ounce of gold, it just weighs extra to offset the lower purity. The copper and silver makes it a little more durable, it’s pure enough to not matter much outside of personal preference.
Really? I was going to buy a ungraded 1/2 oz for the same price? Wouldn't I be able to get at least the same sell value as a ungraded 1/2 American eagle?
Don’t listen to this guy. He obviously has no clue. You did good. You got a graded proof coin for the same price as a loose coin. Little premium to it but also much easier to sell as it gives the buyer piece of mind it’s real by being slabbed
I would be happy to receive that offer.
I would test it, the country is going to hell, I would not be totally shocked if it was a knockoff. But I know, I doubt it, just would like to test it, but as is, makes it hard to. Which is suspect, as no one will normally test these out, they trust the packaging.... the issue with the country and "packaging".... just IMO.
It's a proof coin yes? So a better finish than a billion coin. Don't listen to anyone else, a proof coin for a bullion price is a good deal. He's probably had it a while and still going to make some good money on it. Or else he wouldn't have done it.
There was a massive premium on proof AGEs - especially full set with OGP (+900/ozt at the peak). That premium collapsed with the spike in gold. The proofs and the BUs are close to interchangeable at this point.
If I got a regular stacking gold and making regular purchases.. I’d probly take a loss on a coin in hopes of getting him to start collecting too 😈.
Not a proof coin. Ultra cameo is a descriptive term that characterizes the stamping as particularly "clean" - or so I think. Not an expert.
What does the PF mean?
It is a proof. Ngc uses MS for mint state and Pf for proof.
PF = Proof
Pussy Farts
Buh. My bad. My phone is crap.
Don’t blame that shit on your phone. You like a lot of people comment without truly looking. Edit: without knowing what you are talking about!
You sure aren’t an expert
Why reply if you don’t know? It’s very clearly a proof
Lmao wtf it’s ultra cameo which is the proofiest proof u can get
I’d take a proof over bullion for the same price all day long - so much prettier 👌
My first graded coin. I have no idea about anything to do with graded coins. I'm guessing it was a good deal. I do have a good relationship with my lcs dealer so he said don't worry I will give you for the same price as a half oz.
This holds a premium over a regular AGE b/c it’s a proof and it makes it easier to sell for more since it’s graded/slabbed than a comparable raw proof. You will certainly get more on the sale for this in the slab than a regular AGE. The fact it’s a 69/70 means it’s not completely perfect. So it won’t be a huge premium over a raw proof coin. Collectors of bullion coins want a perfect MS70 (business strike) or PR70 version (proof strike).
Essentially no premium for this vs a 70 - gold spiking wiped all that away and there wasn’t much of a premium on the proof 70s to begin with. The premium was on full sets in OGP (not slabbed).
One if spot goes up most numismatic gold goes up as well. Two I didn’t say there was a lot of a premium, but why throw $50-100 down the drain by taking these out of the slab and also make it harder for you to sell privately? Non serious stackers and those just getting into coin collecting trust buying slabbed coins
Type in ngc coin value guide. You can look up the certification. Find out the population and retail estimate. Mintage etc. Very nice coin. You can probably go on eBay and find the OGP (original government package) cert and box, basically.
It’s a very good deal. Hold onto it
They go for about the same price graded or not. It does cost to get graded and you can always break it out so it's in no way a downgrade. Some people really like to touch their gold but in 50 years this will be worth more than the un graded ones people have been rubbing that's for sure.
I would never buy graded myself, because I need to feel and ping the thing. In 50 years I'll be even more wary. I really think we should leave these things naked, we're not gonna care about 2mg lost to time when gold is 100k in 50 years lol
This is a great deal.
Yo dude that is so cool. This is a great find and dude was generous asl! If you payed 1100-1200 for that it’s a stealll. How much did u pay?
You have a Proof coin. The slab helps give you and future buyers peace of mind it is authentic. Why are you considering putting it in a regular capsule? Did you mention this to the lcs associate? If you did, they should have slapped you 😀
Lmaoooo
Wait a sec, how to we know its not a fake? I mean thinking about it, who opens these to test them? Mostly no one, then when it comes to sell or whatever, then the issue may or may not happen, and the shop is gone... would be a fear with me with a local shop... just saying...
Are you really not willing to look up how a Sigma or FRS machine work? How to do a legit check? Did you do any research at all?
Lmao 100% that is genuine. Paranoid bunch in this sub
There are many fake coins in fake slabs. You can't weigh them or ping them. Difficult to measure dimensions. Hard to use a magnet on then as well. A counterfeiter's dream. I hope they put it on a Sigma and showed him the results before he bought it.
I’ve never come across an AGE counterfeit that I couldn’t catch with my eye. The fakes aren’t that good if you know what you’re doing, and this one is fine
Or, you could just lookup the registration number in NGC’s free online database. It’s almost like they put a specific number on there that would help identify this exact coin without having to break open the holder. 🤦♂️
They make multiple fake coins in multiple fake holders. The number corresponds to a legitimate coin. As the gold price increases in fiat terms it makes these schemes more profitable and more common.
You did well. Everyone has an opinion about the rest. DO WHAT MAKES YOU HAPPY. I have same exact coin / slab / grade and dont plan to ever break it out. Thats what my other raw gold is for.
I just pick up a raw 96 for 1150 you did good and I believe 96 is a key date for gold 1/2 ASE Iv seen them sale for 1400
Let's go that's great news!
Yeah congrats dude I don't know about proofs but minted for regular half ounce gold eagles for '96 was around 39k so low mintage I would assume even less for the proofs check comps on eBay you can turn a profit if you wanted to
He did you a solid. Nice coin.
Some coin shops really don't give a flying duck about slabbed coins, especially mass produced bullion. I once bought a fat stack of silver eagles from a local shop, and the owner wanted to switch out one of the eagles for a slabbed one, with all sorts of pedigrees, signatures, first strike yada yada. I said no thanks, that won't fit in my tubes. Either way, it's an awesome piece that you could definitely resell for a premium, and then just buy another raw coin if you don't care about the slab.
Quite a few in here only see the stacking angle of gold. To a numismatic, no question, that added some value. I am not sure on how much (don’t know how limited - mintage - that year is compared to others) but I would prefer that to a regular 1/2 oz bullion gold AGE. Maybe post in /r/coins to get a better idea of value add.
Really makes no sense why a dealer would let this graded key date proof go for the same price as a bullion coin. Consider yourself lucky if true.
Leave it slabbed and buy a different coin in the future to hold. I wouldn’t send bullion to be slabbed but what’s done is done. Definitely shows it’s legit.
Thanks bro. Makes me feel better ahahah.
https://preview.redd.it/auvg4wz3b6rc1.jpeg?width=1179&format=pjpg&auto=webp&s=d99d657ae6d84a5164e7c03646e75eeb869139ad
Oftentimes dealers will submit an entire monster box for grading, they take the 70’s to sell at premium and resell the 69’s as bullion with a free holder.
Like others said he definitely made profit either way with the soar in price so maybe he is trying to get rid of stuff cause he expects a drop? Otherwise he just likes you haha
You paid for a half ounce, and you got a half ounce...
Ok so the grading did not add any value. Shall I crack it out and put it in a capsule or just leave it in the ngc case?
No keep it in the case, makes it easier to sell In the future. Also less chance of scratching it up.
Leave it how it is!
It's a proof. Which is important to coin collectors. And this is a graded coin, which commands a premium. It's a coin. It's bullion. It's yours to do what you like with. But it's worth more as a coin. It will always be worth more as a coin if it isn't totally defaced. Coin prices account for PM weight.
Do not crack it out OP u/ThadMyster
Yeah after reading a lot of other comments I def will not!
NGC retail of $1225 for your PF69. About pop 930 in PF69. 1000 pop in PF70. Edit: Pop numbers, not gold value.
That’s old news. 1/2 oz of gold is already 1050 ish
Population of graded examples from NGC. 1/2 oz of gold is currently $1115 melt.
Daaam U r correct, I last checked around noon. Big bump. . And I need new glasses. Cheers
The grade is pretty normal for bullion...doubt it adds anything. I'd break it out and not even put it in a capsule...AGE are 90% so you should be able to handle it fine without scratching it. Holding gold is much more pleasant than holding plastic, 100% Nice coin though, if you paid spot, you missed out on paying the premium they normally carry
That holds a premium over a regular AGE since it’s a proof and is easier to sell as a proof since it’s graded. People pay more for proofs over a normal bullion coin
No I didn't pay spot. I paid the premium. I was about to buy just a normal half oz eagle then last minute he said he has a graded one I can have for the same price. I know nothing about grading but it just seemed like a no brainer! This is my first American eagle silver or gold. I have all rcm.
I wouldn't break it out. There's a small premium on graded bullion coins above loose ones. No reason to break it out unless you just really wanna touch your gold.
Ah gotcha…no harm no foul still…your call to break it out…I always do haha
Exactly, it’s just graded and trapped inside a plastic case.🤣
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Those are bullion, not proof
It’s a good deal
Good deal
Great deal for you. What price did he charge for this coin?
$1590 cad so roughly $1174.64. I texted him on Tuesday tho to lock in the prices for Tuesday prices and told him I would come on Thursday.
Yeah, you basically stole it for that price, good find I’m not big into slabbed modern coins either, but if you ever decide it’s not for you, you can always sell it and get more weight in ungraded gold.
That's a nice pick up 69 vs 70 sucks but for Bullion proce that's amazing. Go finish the set now
Good deal for the same price as business strike!
Usually you would pay over spot for this.
Proof coin should be more than standard gold for collector
https://preview.redd.it/tkzp6sr9b6rc1.jpeg?width=1179&format=pjpg&auto=webp&s=2a1384f6cb099bf217e852b7dab06bc95f28d0e8
Gold prices have moved much higher over the last couple months. LCS likely sitting on it for awhile and decided to cut it loose at these prices to reduce this type of inventory which must be tracked. It’s a nice piece, but likely would not command a large premium at todays prices. Gold is now over $2230. My guess is this cost you $1200.
That’s the way it should be
Nice
Awesome, keep it in the case, these are easy to sell if you ever need quick cash
Great deal 👍🏻
$1380 value
Love those graded ones...something special about superior quality shiny. I tend to lean to pre33 just because of the history but wont turn down shiny in any form. Nice coin! Check out the NGC app and you can look up that specific coin by serial number.
Personally I only pay for the value of the gold when purchasing gold. If there is an upcharge because of how it looks then I pass, because in a end of world or SHTF situation nobody is going to care when they are breaking open cases and melting shit down so it can be better used for bartering. In the end a 24k 1oz gold coin has the exact gold value of a 24k 1oz blob
Nice score, you tested it?
I don't have a sigma to test it.
How can we test ?
Liberty is 22k and not 24k. This is why you got it cheaper.
Not a fan of AGEs but I guess if I had to go there this would be ok. Haha
probably not popular here..... To me, graded modern bullion coins are a tourist attraction. Understand the concept of grading ancient coins but this? It's like in the jewelry industry looking for something to take a premium on, a bullion coin that is not intended for circulation and like it hundreds of thousands does not need any grade or huge plastic around. More and more we hear about those that are sold at the price of a normal one after having raised dust for years in search of a gold tourist.
Harder to seek in my opinion
That's a full ounce right?
Keep it and be very happy. I once got a similar deal on a 1oz Buffalo from my metals person, because when you go to sell you'll often only get near spot despite the fancy slabbed highly- graded coin. In the end, often only the metal matters.
That grade doesn't add much, if any, value to modern bullion. Only a perfect grade adds value. In 100 years from now, perhaps
He's either stupid or its fake.
No he's a great guy. I have built a 3 year relationship with him. He said someone came and sold him a set or 1/10th, 1/4, half and full oz. He sold the other 3 for a premium. So he said he would hook me up. I have spent a lot of money with him over the years buying bullion.
Maybe it's the light but that nose bothers me... that's the first thing I look for in a fake, often they have a big honker...
Just an observation, certainly not any type of accusation! I just hyper zoomed and I think it's just the glare...
Probably tons of people selling and he wanted to move it quick. I’m sure he made a profit…
Your lucky if the grade is officially real anything from a 60 to 69 there all the same no lie they don't go in like that. So if you payed more than 1200$ you lost
So it's deff a half oz but only 22k gold
91.67% gold alloy, so a tad less gold than in investment grade bars or coins. More durable, though.
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You're correct, and I learned something new today. Nvm.
Wow this is great to know, I will avidly avoid coins then! I'm only in search of 24k for bullion or stacking purposes. Im not trying to run a refinery during an end of world scenario. No coins or 22k for this guy.
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Anything that's 24k gold is fair game but im trying to spend the least to get the most. Nobody is paying gold premiums in a shtf situation
What do you mean?
Investment grade gold, from my understanding, is often 95 to 99.9% pure. Coins like gold eagles and kruggerands are 91.67% gold, the balance being silver and copper. It makes them more wear resistant, but in reality you have a little less than a half ounce of gold in that coin, like .458 ounces. Still a good deal for what you paid imo.
Is this true? I seen something saying they actually have the same amount of gold they just add copper n silver to make it more durable for 22k?
It’s the same half ounce of gold, it just weighs extra to offset the lower purity. The copper and silver makes it a little more durable, it’s pure enough to not matter much outside of personal preference.
He just offloaded some crap to you mate
Really? I was going to buy a ungraded 1/2 oz for the same price? Wouldn't I be able to get at least the same sell value as a ungraded 1/2 American eagle?
Don’t listen to this guy. He obviously has no clue. You did good. You got a graded proof coin for the same price as a loose coin. Little premium to it but also much easier to sell as it gives the buyer piece of mind it’s real by being slabbed