$20 Pre-33 Gold coins $25 over spot!

[madfranks]

Crazy good deal right now, JM Bullion offering pre-33 $20 gold liberty coins in AU condition for $1280 each! As of this post, that's only $25 over spot. Plus they take bitcoin; I don't think I can resist this deal, going to buy a couple BTC worth.

https://www.jmbullion.com/20-liberty-gold-double-eagle-au/

[Hitch]

Crazy good deal right now, JM Bullion offering pre-33 $20 gold liberty coins in AU condition for $1280 each! As of this post, that's only $25 over spot. Plus they take bitcoin; I don't think I can resist this deal, going to buy a couple BTC worth.

https://www.jmbullion.com/20-liberty-gold-double-eagle-au/

Thanks franks! I just ordered one. What a great deal. Been working a lot and figured I'd take advantage of this offer and treat myself.

They are even less expensive than a 1 oz gold krug at JM Bullion currently. I'm really excited about this opportunity to get pre-33 gold at these prices!

[Hitch]

franks, did you get your coins?

I got a beautiful 1904 double eagle. It's in fantastic shape, all the details on the coin are perfect, and it only has a few very small surface scratches, but otherwise this coin might be one worth sending in to be graded. I kind of like holding a piece of american history in my hands though. Some argue the liberty head eagle is the most beautiful coin ever minted, and I'm tending to agree on that!

Also, the deal is still on surprisingly! With gold being $1269 currently, these eagles are only $11 over spot now! $1280 for an AU coin!

https://www.jmbullion.com/20-liberty-gold-double-eagle-au/

[madfranks]

I did get my coins (bought three of them), and while they're nice coins, I wouldn't classify them as AU; they are XF at best. The price is still excellent, so no complaints, but it sounds like you got lucky with yours Hitch!

[Hitch]

I did get my coins (bought three of them), and while they're nice coins, I wouldn't classify them as AU; they are XF at best. The price is still excellent, so no complaints, but it sounds like you got lucky with yours Hitch!

I think I got lucky with the grade, but it's a very common date. 1904 was the year of the highest number of these coins minted, over 6 million.

I think this coin might even be a low MS grade. I've been looking at some pictures of slabbed MS coins online to compare. I figure jmbullion wouldn't have sent me a MS coin, but my curiosity is getting the best of me.

[cheka.]

likely cleaned, no? i read that you can convert a cleaned coin to au/xf by carrying it around in your pocket. dunno...

[Hitch]

likely cleaned, no? i read that you can convert a cleaned coin to au/xf by carrying it around in your pocket. dunno...

Hmm...hope it's not cleaned. I don't know how to tell though.

I got curious about prices in San Francisco back in 1904, when this coin was minted. Rent back then seems to average about $6 a month. So, a $20 gold piece would buy you over 3 months rent. Rent today in SF, $3800 a month on average. You can buy 3 gold eagles for that. So, it would take about 3 $20 gold pieces to pay for one month's rent now!

[madfranks]

likely cleaned, no? i read that you can convert a cleaned coin to au/xf by carrying it around in your pocket. dunno...

Mine are not cleaned, in fact they're a bit dirty but like I said for the price I'm not complaining.

[madfranks]

Hmm...hope it's not cleaned. I don't know how to tell though.

Read this, it might help you figure it out:

https://coins.thefuntimesguide.com/cleaned-coins/

[cheka.]

Mine are not cleaned, in fact they're a bit dirty but like I said for the price I'm not complaining.

being a cheapskate i have bought many cleaned coins :) you got a great deal cleaned or not

[Joshua01]

being a cheapskate i have bought many cleaned coins :) you got a great deal cleaned or not
I store wealth in metals* with the same mindset as you. As close to spot as possible is my first consideration. The only coins I've been known to pay a bit more for are indeed pre-1933 gold*. I usually justify it in my mind as a 'historical significance premium'. $25 over spot/oz is a great price for pre-1933 gold!

*Of course, I lost all that in the tragic boating accident I had some time ago.....sad!

https://media.giphy.com/media/l2Je3n9VXC8z3baTe/giphy.gif

[Hitch]

Read this, it might help you figure it out:

https://coins.thefuntimesguide.com/cleaned-coins/

Thanks, madfranks. That was a very helpful article. I don't think my coin has been cleaned. It passes the cartwheel luster test, and it indeed looks very old. It doesn't show any signs of have been cleaned to my untrained eye. Plus, I don't think jmbullion would send out a cleaned coin advertised as AU.