This gold coin is my first and only piece of gold. .999 pure gold actually, with a near mint grade from the Numismatic Guaranty Corporation (NGC). This bad boy was gifted to me by a friend, as a thank you for some serious favors over the years (I will leave the details to the imagination). I was super stoked to build this on my metals stack, adding another element of variety to it. As I stated in my article about the silver version of this coin, the Red Dragon of Whales is my favorite beast in the series. There is also more info on the symbolism and history behind this coin's design in that article as well.
The MS69 grade is the second highest grade a coin can receive, and is properly defined as "A fully struck coin with nearly imperceptible imperfections" (1), and has no more than two physical blemishes under 5x magnification. The most credible grading scale used to give coins mint grades is called the Sheldon Scale (which is what NGC uses), and goes from numbers 1-70. The MS in the grade mark stands for Mint State, which refers to "coins struck in the same format as circulation issues. Applies to grades 60 to 70" (1). There is also PF, which is a grade mark given to proof coins, and SP which is given to coins that are some form of hybrid between proof and mint state.
I have not personally put this coin under magnification, but I and everyone who has inspected this coin cannot find a blemish, scratch, or dent anywhere on any visible part of the coin. So unless there is some small scuff on the side that is touching the support foam, or there is something that can only be seen with magnification, then this may actually qualify as an MS70.
I have read many stories about how most people who send a perfect coin to NGC usually only get an MS69 grade. But those that paid to have it send back to be re-graded, more times than not got their coin bumped up to an MS70 the second time around. It seems that it is all about making money, and I feel I would have a pretty good chance at getting it bumped up if I want to pay for it. The question is, is it worth it?
Historically MS70's are worth considerably more than MS69's, and this also applies to this particular coin. In the long run of the secondary market, it would make an even bigger difference down the road. However, it usually costs between $50-$100 to get a coin re-graded by NGC, and there is always a small chance they could issue you a lower grade, you never know what could happen during shipping. I think at some point I will take the chance though, it seems to be worth the risk in my situation.
Anyway, I love gold, I love silver, I love platinum, I love rhodium, and I love #steemsilvergold! I continuously enjoy sharing my collections with all of you. Gold is the oldest solid investment, you cannot really go wrong with it these days, as it is getting harder and harder to extract from the ground. So unless we figure out a cost effective/safe way to extract gold from the ocean or asteroids, or unless someone finally figures out Fulcanelli's ancient alchemical formula for turning lead into gold, or if we can synthesize it, then gold will continue to rise in value over the next decade. I think we will see an all time high in gold value in the next ten, if not five years.
Stay tuned into he right frequencies my friends. I have a lot more metals posts coming up in the next couple weeks.
In case you missed them, check out my other recent #steemsilvergold posts:
CLICK HERE to view my article on The Queen's Beasts Coin Series from the Royal Mint: The Red Dragon of Whales (Silver Version)
CLICK HERE to view my article on The 1st EVER Platinum Coin Produced by the Royal Mint: Also MY 1st EVER Piece of Platinum!
CLICK HERE to view my article on My First Hand Made Silver Wire Wrapped PENDANT!
CLICK HERE to view my article on My Silver Story & Where I am Now: My Steemit Story Part 3
Source:
All images in this article are originals, photographed by @elamental.
TM
For a first and only piece of gold, that’s a positively gorgeous one!
100% agree.
Beautiful coin, even better in gold!
I had to have the dragon one in gold simply because in myth, dragons are notorious for being attracted to gold, and have the ability to sense large quantities of it.
You're right! Makes it all the fresher! I'm happy for you, enjoy! Now don't you kinda wish you could take it out of the plastic?
Of coarse I do, but I definitely will not, as that will take a minimum on $200 off its value.
Do you collect anything else besides precious metals? Since im taking a break from drinking im starting to collect wine. Right now im seeking out the 2015 vintage of Red Burgundy, which is Pinot Noir from the burgundy region of France. Im told the price will probably see a 300% increase in the years ahead, since its the best vintage in over 50 years. But damn its going to be hard not to open them! lol
Collecting wine isn't really my thing, as do not have access to the proper long term storage, however I do in fact have many other collections. I have a Star Wars CCG collection by Decipher Inc., that I had to re-collect after loosing when I was a kid. I also collected the new Star Wars CCG, Star Wars Destiny for a while, that involves cards and custom dice for the cards. That game is pretty sweet, but also pretty expensive to keep up with, but I have all the original cards/dice from the first three sets, and a ton of promos including some SUPER rare ones. I also casually collect Magic The Gathering (MTG) cards, although I used to have a crucial collection, that was unfortunately also taken from me. I am very fortunate to still have my original decks from when I was a kid however, which is pretty cool. I am currently building an "Elemental" deck based on my life, lol, with cards out of packs my friends gave me as gifts. I have never constructed a deck this way, but it has been fun and interesting thus far. In addition, I have a crystal collection, a really nice art collection from going to festivals for years, and I even have a DOPE lapel pin collection from my travels as well. I will be writing articles about all my collections, one by one, with lots of photos here in the near future. Blessings.
Tight man! Magic is a really fun game and I know there is some highly sought after cards, especially with the ones banned. So by taken from you do you mean theivs? If so that don’t surprise me people can be really fucking rude. Pretend to be your friend one sec and jack your shit the next. I used to have the whole collection of bob Marley albums that he released under the tuff gong label from 1970-1981 and my best friend stole them all!
ah, yea thieves suck, sorry about your Tuff Gong collection. I reference that name in one of my songs in my upcoming album
Not replying for @elamental, but for myself. I collect some wine too. (shameless plug, check out my posts) Many collectibles, including wine and some fine spirits do grow in value, if they are of a good year or have high points (just like MS/PF ratings but for wine).
The gold dragon is a beauty!! This is stirring a deep-seated desire in me now, to chase after one....
I am glad you like it, I think its pretty cool as well.
Dude, when you get a one and only, you don't mess around! This is another beauty. Wow.
I wish I could look at it more honestly, its always locked away. The Queen's Beast series is awesome!
I wish I could look at it more honestly, its always locked away. The Queen's Beast series is awesome!
Woot woot!!!! Congrats on your acquisition, my friend! It takes me a year to save up for a 1 oz gold coin! Stack on my friend!
It took more than a years worth of work for this one, trust me.