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To Rare Coins
A TDV PocketGuide
[TheDollarVigilante.com]
[back cover]
2
Numismatic Guide to Gold Coins
NUMISMATIC
GUIDE TO
RARE COINS
T.D.V.
www.TheDollarVigilante.com
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The Dollar Vigilante
The Dollar Vigilante needs no disclaimer. Everything we say here is what we believe.
Furthermore we need no disclaimer because we believe that all nation states, governments,
securities agencies or other legislative bodies are illegitimate and we do not recognize them nor
believe we need their permission to say what we feel about any topic and frankly think it is
hilarious that people think a government body should be there to protect them.
However, because we know that all manner of government agencies will come after us just for
showing such disdain for them we are going to include a standard, cookie-cutter disclaimer below
just to keep them off our backs. Enjoy reading it, you bureaucrats.
Jeff Berwick, Ed Bugos and other analysts or employees of The Dollar Vigilante may from time
to time have positions in the securities or commodities covered in TDV publications and related
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Some parts of this narrative have appeared in other places in other forms.
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Numismatic Guide to Gold Coins
1.
NUMISMATIC PRIMER 6
2.
FINDING A COIN 10
3.
RARE VERSUS SEMI-RARE 12
4.
HOW TO STORE COINS 14
5.
SELLING COINS 15
6.
WHAT YOU NEED 17
7.
KNOW YOUR DEALER 18
8.
TEN INSIDER TIPS FROM PAUL GREEN 19
9.
THREE RARE COINS 20
10.
PRE-1933 GOLD COINS: SEMI RARE 23
11.
LOOK AT YOUR CHANGE 33
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1.
NUMISMATIC PRIMER
Why should this be? Because the rarity and specialness of gold
coins is to some degree in the eye of the beholder. Yes, there
are dealers who specialize in coins. And there are various
publications that categorize value. But still, this is no guarantee
of liquidity or even price appreciation. Even in a hot market
one may not find someone willing to meet a given price. There
are no rules here.
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Numismatic Guide to Gold Coins
The most basic scam simply has to do with the buy/sell ratio.
Buyers purchase coins unaware that an unscrupulous dealer
will claim a titanic back-end spread based on whatever
numbers he chooses to create. Often the spread is said to be
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related to the time the buyer has held the coins. Thus, if you
wish to liquidate within a year or two you may end up paying a
huge premium for the privilege.
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Numismatic Guide to Gold Coins
FDR and Wall Street’s money men wanted to ensure that the
system retained its fiat currency and did not revert back to go
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2.
FINDING A COIN
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Numismatic Guide to Gold Coins
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3.
RARE VERSUS SEMI-RARE
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Numismatic Guide to Gold Coins
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Numismatic Guide to Gold Coins
4.
Try to keep your valuable coins out of jars where they can
mingle with less valuable coins and acquire various kinds of
damages – nicks, cuts, etc. Don’t use plastic or cardboard
holders because such may contain chemicals that may react
adversely with coins. Just as importantly, don’t try to clean a
coin yourself because the simple action of rubbing a coin even
with an innocuous cleaner can remove minute layers of metal
from the coin, which can impact negatively on its value.
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5.
SELLING COINS
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Numismatic Guide to Gold Coins
6.
WHAT YOU NEED
Coin books: Many people like coin books. The best known
book for understanding many of the coins offered on the semi-
numismatic coin market is “The Red Book,” which has been
published since 1947 and is a coin collector’s bible. The coin
info in the book dates back to the 1600s.
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7.
KNOW YOUR DEALER
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Numismatic Guide to Gold Coins
8.
TEN INSIDER TIPS FROM PAUL GREEN
Tip #1: Collect What You Want, Not Necessarily What You
Think is a Good Investment
Tip #2: Set Goals, and Enjoy Reaching Them
Tip #3: Understand that Rarity is Relative
Tip #4: Make Dealers Earn Your Trust
Tip #5: Understand How Your Dealer Grades Coins
Tip #6: Work with Companies That Have Large Inventories
Tip #7: Protect Your Purchase: Expect a Full No-Hassle
Guarantee
Tip #8: Be Confident When You Buy by Mail
Tip #9: Protect Your Collection with Archival-Quality Storage
Products
Tip #10: Allow Yourself to be Swept Away
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9.
THREE RARE COINS
This piece is unique as the only 1933 double eagle the U.S.
government has deemed legal for its citizens to own.
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Numismatic Guide to Gold Coins
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10.
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Numismatic Guide to Gold Coins
The United States Bureau of the Mint struck the gold dollar
from 1849-1889. Three separate types of this coin were struck
over its duration. Mint Chief Engraver James B Longacre
designed each of them.
Type 1 gold dollars are the smallest coins ever minted by the
United States. It took some time for a gold dollar to be adopted,
having been proposed as early as the 1830s. The coin was
Okayed thanks to an increased supply of gold from the
California gold rush. The coin was common in commerce as
silver coins, in the process of being demonetized, were being
exported or hoarded.
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Weights: 8.359g
Diameter 21.6mm
Actual Gold Content: .24187 oz
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Numismatic Guide to Gold Coins
Weight: 16.718g
Diameter: 27mm
Actual Gold Content: .48375 troy oz
The $10 Liberty coin, also known as the Coronet, was minted
from 1838-1907. The world-famous profile of Miss Liberty is
shown on the obverse and a heraldic American Eagle on the
reverse. The coin was minted after a 34-year hiatus of other
$10 gold piece. The Coronet design by Christian Gobrecht
would later appear on the $2.50 Liberty gold coin and one year
prior to its use on the $5 Liberty gold coin. In 1870, the Carson
City Mint began products, and New Orleans produced them
from 1879 to 1883 and again years later. Coins were also
struck at the newly opened Denver Mint from 1906 until the
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Weight: 33.436g
Diameter: 34mm
Actual Gold Content: .9675 troy oz
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Numismatic Guide to Gold Coins
$1 Indian Head
In 1854, the United States Mint came out with a new design for
the one dollar gold coin, which increased its diameter to 15mm,
while not changing the coins weight or gold composition.
James B. Longacre created a new obverse design. He had been
inspired by the world he had done on the three-dollar pieces.
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The wreath design on the reverse side of the coin remained the
same.
The 2 1/2 Dollar Indian was minted from 1908 to 1929. The
2.5 Indian Head was designed without the raised edge and and
incuse design of other coins. Famed sculptor Bela Lyon Pratt
designed the coin. The artistry of the design was not favored by
numismatists of the day, but over time the Indian Head coin
has come to be considered one of the beauties among
America’s coinage. Pratt’s design is recognized as a part of the
early 2oth century renaissance of American coinage under
President Theodore Roosevelt.
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Numismatic Guide to Gold Coins
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Like the 2 1/2 Indian Head, the $5 Indian head is set apart by
the nation’s only incuse design.
Dates: 1907-1933
Weight: 8.359g
Diameter: 21.6mm
Gold: .48375
The $10 Indian Head Gold Coin was not designed by Pratt, but
instead by Augustus Saint-Gaudens. This $10 gold coin is
among the most beautiful gold coins the nation has ever struck.
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Numismatic Guide to Gold Coins
arc above Liberty’s head. The date appears at the bottom of the
coin.
The reverse side of the coin shows a proud Bald Eagle with a
puffed chest, standing among olive branches. The Latin phrase
‘E PLURIBUS UNUM’ lies to the viewer’s right of the eagle.
The words ‘UNITED STATES OF AMERICA’ and the
denomination (“TEN DOLLARS”) appears at the top and
bottom of the coin. The motto “IN GOD WE TRUST” was put
on the coin in the middle of 1908 by order of Congress.
The coins edge shows raised stars for the states of the Union,
and not a lettered or reeded edge. Coins struck from 1907 to
1911 feature 46 stars. Two more stars were added the
following year to commemorate the addition of New Mexico
and Arizona to the Union. Originally, the $10 Indian was
struck with a wire rim in 1907, which gave the coin a more 3-D
appearance than others. 500 of these were produced before the
Mint began producing regular strikes later in the same year.
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11.
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Numismatic Guide to Gold Coins
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