Gold Questions

[Golden Oldie]

Can't find any values on these gold items. Just looked on Heritage and in Coin Values, nothing.

4 coin set(1996-W) and Buffalo are both proofs. Should I get these graded?

 

 

 

Thanks, Pat

 

 

[TomB]

Why would you want them graded?

[just-john]

nice set gold is good to have in these times.But I wouldn't get them graded save for a rainy day and there will be rain in the future

[jason888]

I like them better in that package than they would look in the new NGC edgeview holders.

[xJack]

The 4-coin set is wholesale at about $2250, retail at $2500. Graded 69 is probably the same or a hair less.

[Smilie Puss]

This all depends on your goals as a collector, investor or dealer.

 

Since AGE is a bullion product regardless if its UNC or Proof it remains bullion.

 

Collecting in albums is perhaps better than having them certified and graded because to holder may not be practical for resale.

 

Major auction houses do not want modern bullion item unless they are graded 70 for the purpose of Registry.

 

Now if you purchase for the spot bullion price play and the price of gold becomes $1000/oz or more then you can resell your collection if you had purchased UNC's at $850/oz.

 

As for grading AGE from the USMint the quality of the items can vary from 66 to 70. The average in my experience has been 68.8 for gold proof sets.

 

I have tried to sell my collection 1987-2007(39.5 oz) three times to Heritage at the peak of spot @ $1,000/oz gold last March and they declined my offer @ $1,025/oz.

 

All of these coins are certified and graded. They recommended that I crack them out and put them back into the orginal blue mint box. I said really? Even when you have knowledge of its grade or condition? Go figure the logic on this one and you will come to the conclusion its a waste of time and money to have them certified/graded unless you are a stock holder in the TPGS.

 

So there you have it with the bark on. Not sure I was able to help you decide. Other collectors may have had a different experience and will be more positive in their recommendations. ?

[michael]

melt plus 15%................................. retail

 

not worth getting slabbed

[michael]

if i was a dealer buying them for resale i would pay melt

 

as then i got to sell them for melt plus a reasonable profit say 12%-15%

 

maybe there is a better market for them unfortunately not in my neck of the woods

 

i suppose you can get more than melt but you need to find an end user/buyer who is in love with modern proof bullion coins that want them for a collectible

[RareSov]

If that's a mark on the indian's cheek, no go. Otherwise I'd slab it

 

No way to tell what the Eagles are like, inspect them ?

[wtc911coins]

So the gold value is all the up side on these coins?

[Dwaine]

I would leave these in their original package stored in my SDB.

[Golden Oldie]

Michael,

 

When you say melt +15%, that's not what I would get from a dealer, right?

 

Also we have an inherited 1880-S $20 gold coin that a dealer said had been cleaned.

 

Would that also be melt + ?

 

 

Pat

[World Colonial]

So the gold value is all the up side on these coins?

 

Probably, unless you win the conditional rarity lottery where one of these get graded a 70.

[ant]

Michael,

 

When you say melt +15%, that's not what I would get from a dealer, right?

 

Also we have an inherited 1880-S $20 gold coin that a dealer said had been cleaned.

 

Would that also be melt + ?

 

 

Pat

 

dealers dont usualy give melt value.

 

and yes the cleaned coin would be considered content value. the numismatic value got cleaned off

 

also dont just go off one persons word. take it arround,show them off,see what each have to say without knowing what the other said. go into each person as though you have not asked the first/second/third.

[michael]

Michael,

 

When you say melt +15%, that's not what I would get from a dealer, right?

 

Also we have an inherited 1880-S $20 gold coin that a dealer said had been cleaned.

 

Would that also be melt + ?

 

 

Pat

 

correct a dealer would within reason sell them for melt plus 15% unless he has hungry retail customers for these coins then he might get more

 

you will get melt or slightly over melt from a dealer

 

for these mint gold products

------------------------------------------------------------------------------------------------------------------

on the double eagle

 

an 1880-s double eagle cleaned...... and lets assume it is a cleaned in might not be but lets assume it is and the grade is commerical unc. ;;;this is a coin that is slightly circulated but close to unc.

 

 

 

i will say that today with the price of gold being 942 i can today buy on a big dealers site this common double eagle cleaned and just unc. ms60 for $ 1222.00

 

so i would think that a dealer will pay less than 1222 for it how much less you say?

 

as little as he can

 

okie bottom line this coin right now with gold being 942 an ounce

 

retail on your gold coin is 1222 or thereabouts

 

a dealer would pay

 

hmmmmmmmmmmmm

 

anywhewe between 1050-1150 for the coin

 

good luck and welcome to the boards

 

pleaee pm me if you want anymore information

 

 

[Golden Oldie]

Thanks Michael,

 

I think I,ll put supermacro picts of it up and see what anyone thinks. I can see very fine scratches on it on the obv. The rev has even fewer scratches.

 

Pat

 

Supermacro pictures added

 

 

 

[PerryHall]

Also we have an inherited 1880-S $20 gold coin that a dealer said had been cleaned.

 

I've seen dealers say such things as a negotiating tactic in the hope of buying the coin for a cheap price.

[TomB]

Your 1880-S appears to have been cleaned fairly thoroughly from the images provided, but it still has substantial value due to the gold content.

[michael]

yes like tomb says

 

also

 

and an ugly cleaned close to unc coin so my value in the last post stands

 

if you do not need the money i would just keep the coin as i feel the coin will be worth more and in more demand within the next few years

 

 

my prediction............... but so far in federal coinage i have been mostly wrong

 

 

good luck!