Scarce, Yet Affordable Gold!
Post by: Walt Durham
in Pre-1933 Gold
Scarce, yet affordable gold!
The New Orleans Mint facility struck gold coins from 1838 to 1909 and struck far fewer coins than the main Mint in Philadelphia. Today, this makes New Orleans minted gold coins dramatically more rare than their Philadelphia counterparts.
The New Orleans Mint facility struck gold coins from 1838 to 1909 and struck far fewer coins than the main Mint in Philadelphia. Today, this makes New Orleans minted gold coins dramatically more rare than their Philadelphia counterparts.
Savvy investors, collectors, and dealers understand that there are very few quality New Orleans minted gold coins available on today’s market. However, despite their scarcity, there are several New Orleans minted gold coins that appear to be dramatically undervalued.
One date, in particular, stands out as a phenomenal value, and that is the 1903-O $10 Gold Liberty. The New Orleans Mint only struck 112,771 $10 gold coins in 1903. Keep in mind that a common date $10 Gold Liberty can have mintages exceeding 3 million coins.
Today, only about 1% of the $10 gold coins minted at New Orleans in 1903 are known to have survived today. As with many of the gold coins minted in New Orleans, very few of the 1903-O $10 gold coins survived in uncirculated grades.
We have been scouring the country looking to purchase quality low-minted $10 gold coins struck at New Orleans for our clients. We have just acquired a small group of 1903-O $10 Gold Liberty coins certified and graded in uncirculated MS61 grade.
This is a very significant find as only 629 of the 1903-O $10 gold coins known today have been certified in MS61 grade by both NGC and PCGS combined. Common date $10 liberty like the 1893, has over 17,000 coins known in MS61 grade. This means the 1903-O is almost 30 times rarer than the common date 1893 $10 Gold Liberty.
Such a dramatic difference in rarity would suggest a tremendous difference in price. However, the 1903-O gold in MS 61 grade currently trades for less than double the price of the ultra common 1893.
Coins with this kind of ratio rarely stay undervalued for long.
While our supplies last, we are able to offer our clients these scarce and highly sought after coins for $100 OFF of the regular market price.
BULLION
SILVER
SILVER COIN
SILVER EAGLE
SILVER
PROOF
PROOF COIN
PALLADIUM
PALLADIUM EAGLE
PALLADIUM COIN
GOLD
GOLD COIN
GOLD COIN
HISTORIC GOLD
GOLD EAGLE
HISTORIC
EAGLE
EAGLE
LIBERTY GOLD
LIBERTY HEAD
LIBERTY
PRE-1933
PRE-1933 GOLD
PLATINUM
REVERSE PROOF
INDIAN HEAD
INDIAN GOLD
INDIAN
LAST YEAR OF ISSUE
FIRST YEAR OF ISSUE