1911 D 2.5 gold coin

[outlaws15]

I put this in another one of my posts. Thought it would be better by itself
1911 D 2 1/2 dollar gold coin AU 55. It doesn't say weak or strong on it. NGC graded it.
My question is when looking up a price do you average between a strong and a weak? I see those two much more than just a grade without strong or weak.
Thanks
Rick

 

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[Diver_Down]

When it comes to AU gold, you can throw out the "book" value. They will sell based on the spot price of gold with a slight premium. Only when you start to get into ms grades will the premium over spot increase.

 

[outlaws15]

Good to know, thanks
Rick

When it comes to AU gold, you can throw out the "book" value. They will sell based on the spot price of gold with a slight premium. Only when you start to get into ms grades will the premium over spot increase.

 

[PetesPockets55]

When it comes to AU gold, you can throw out the "book" value. They will sell based on the spot price of gold with a slight premium. Only when you start to get into ms grades will the premium over spot increase.

Not really true with key date coins (which this one is).

If I've done this link properly it will show 1911-D "sold for" values on the bay. Some listed are "weak D" but $1,300 for an AU "details" grade up to $2,400.

Hope this helps.

 

[outlaws15]

Good link and very helpful
Rick

Not really true with key date coins (which this one is).

If I've done this link properly it will show 1911-D "sold for" values on the bay. Some listed are "weak D" but $1,300 for an AU "details" grade up to $2,400.

Hope this helps.

 

[Diver_Down]

Not really true with key date coins (which this one is).

If I've done this link properly it will show 1911-D "sold for" values on the bay. Some listed are "weak D" but $1,300 for an AU "details" grade up to $2,400.

Hope this helps.

Pete is correct when it comes to key date coins. My general response was made quickly (OP's posting time vs. my response). I didn't bother to look up date/mm. For common issues, my premise stands true. I use a base line of XF for spot. Lower grades might sell for spot, but after deducting fees, it will be less than spot. AU -> Spot + slight premium. MS grades the premium increases as the grade increases.

 

[Fossils]

When it comes to AU gold, you can throw out the "book" value. They will sell based on the spot price of gold with a slight premium. Only when you start to get into ms grades will the premium over spot increase.

The 1911 D Quarter Eagle is the key date of the series, worth several thousand dollars in any condition.

As far as the melt vs numismatic value goes, it depends on the spot price of gold. With gold being $1900 an ounce at the moment, the gold value has risen quite close to the numismatic value of common date gold coins. But if gold ever drops back to $1300 an ounce, then the numismatic value will in comparison be substantially higher.