A Hoard of PCGS Certified 1890 $10 Liberty Head Gold Coins

Photo Credit: avc-numismatics

A Hoard of PCGS Certified 1890 $10 Liberty Head Gold Coins

Buy It Now Price: $900 (per coin) (price as of 2018; item no longer available)

Pros:

-This covetable hoard of one dozen 1890 $10 Liberty Head gold coins has been certified About Uncirculated (AU-50) in condition by PCGS (Professional Coin Grading Service).

-These substantial gold coins have a diameter of 27 mm (1.06 inches) and contain 0.4838 troy ounces (15.05 grams) of pure gold. With spot hovering around $1,200, each of these 1890 $10 Liberty Head gold coins has a melt value of around $580.

-The U.S. $10 Liberty Head gold coin was struck from 1838 to 1907 – a run of nearly 70 years. Old $10 gold pieces were also known as gold eagles.

-These 1890 $10 Liberty Head gold coins have been third-party, PCGS certified AU-50. About Uncirculated coins only have a bit of wear on the very highest points of their design. They generally possess excellent eye appeal without the astronomical costs of fully uncirculated specimens.

–I’m a big fan of pre-1933 semi-numismatic U.S. gold coins, which trade halfway between bullion pieces and numismatic specimens. With a premium over melt of 55%, I consider this hoard of 1890 $10 Liberty Head gold coins to be semi-numismatic, although they are beginning to shade into the fully numismatic category.

-The 1890 $10 Liberty Head gold coin is a scarce date, with a mintage of only 58,043. But the surviving population is undoubtedly much, much smaller, as most were melted, lost or otherwise destroyed over the decades.

-This hoard comes in PCGS “old green holders” (GEN 3.1), which were encapsulated between 1993 and 1998. Old green holders are desirable because the numismatic community generally agrees they have been graded to a slightly higher standard than more recently certified coins. There is the possibility that some of these 1890 $10 Liberty Head gold coins would grade higher than AU-50 if resubmitted to either PCGS or NGC today.

-Hoards and collections are some of the best ways to buy old coins because they tend to temporarily depress prices when they hit the market. Take advantage of this investment opportunity while you can!

-According to their respective population reports, only 581 of this particular date have been certified by PCGS and 449 by NGC. That is a grand total of just 1,030 examples certified by both major grading services in all conditions!

-These gold coins are absolutely gorgeous pieces of Americana! They possess incredibly attractive toning that occurs naturally over the course of a century or more. This is important because superior eye appeal is one of the primary drivers of numismatic investment return.

-With a buy-it-now price of only $900 a piece, I think these 1890 $10 Liberty Head gold coins are an excellent numismatic investment.

Cons:

-If you purchase one of these coins, you will receive a random coin from the hoard. It may either be a better or worse AU-50 example, depending entirely on the luck of the draw.

-The seller also has a group of 17 PCGS AU-50 1890 gold eagles for sale that have been CAC (Certified Acceptance Corporation) verified. The CAC “green bean” sticker indicates that a previously slabbed coin’s condition has been independently CAC certified. CAC stickered coins are choice specimens for the grade. A prospective buyer would have to choose between these PCGS old green holder coins at $900 each and PCGS old green holder coins with CAC stickers for $945. Decisions, decisions!