How to grade uncirculated details? 1 1

[Andrew8455]

Hi everyone, I am new to this forum

Please can someone explain how an uncirculated (details scratched )$10 gold liberty head coin from1900 would be valued?

I paid to get the coin graded in hope to find it's worth but it's value is still unclear to me.

Also how would I go about selling it?

Any information is appreciated

Thanks
Andrew

Edited September 10, 2023 by Andrew8455
Can't see the scratch clearly in the first photos

[J P M]

Well , Sorry to see the details grade, that scratch really jumps out. I would say anything above melt would be a good deal.

[Fenntucky Mike]

A little above melt, which is currently about $465. A details coin sold at Heritage in May for $576 but gold was also about a hundred dollars more and ounce then as well. Another thing suppressing the value is that this is one of the higher mintages of the series. 

EDIT: Ignore my info above in this post, it was pertaining to a 1900 quarter eagle. The coin in the OP is a half eagle. 

Edited September 10, 2023 by Fenntucky Mike

[Sandon]

  Welcome to the NGC chat board.

  Apparently, @Fenntucky Mike confused this $10 gold piece with a $5 gold piece. Your 1900 $10 gold piece contains contain 0.48375 troy oz. of gold, which at the current gold price is worth $929.55. See U.S. Gold Coin Melt Values | Gold Coin Prices | NGC Coin Melt Value. These coins have retail list prices between $1,100 and $1,200 in circulated grades, so it is possible that you might be able to get something more than gold value for this uncirculated piece with a single obverse scratch.

On 9/10/2023 at 1:25 AM, Andrew8455 said:

I paid to get the coin graded in hope to find its worth but its value is still unclear to me.

     This is a good example of why you should not submit coins to grading services unless you yourself have sufficient knowledge of grading and other aspects of coin valuation to determine their approximate values yourself. One of the many things you would need to know is that while grading services will give mint state and other numerical grades to coins that are extensively bagmarked or otherwise abraded by contact with other coins, a coin like this with a light, thin but noticeable staple scratch will usually be considered impaired and "details" graded. You would have been better off showing it to coin dealers or experienced collectors for an opinion. However, it is at least arguably worthwhile to have gold coins certified to authenticate them.

On 9/10/2023 at 1:25 AM, Andrew8455 said:

Also how would I go about selling it?

   If there are coin shows in your area, I would take this coin to the dealers at the next show and get their offers. You could also take it to local coin shops. Bear in mind that this coin's value is largely related to the price of gold, which changes daily.  

    

Edited September 10, 2023 by Sandon
corrected typo

[Fenntucky Mike]

On 9/10/2023 at 10:14 AM, Sandon said:

Apparently, @Fenntucky Mike confused this $10 gold piece with an $5 gold piece. Your 1900 $10 gold piece contains contain 0.48375 troy oz. of gold, which at the current gold price is worth $929.55. See U.S. Gold Coin Melt Values | Gold Coin Prices | NGC Coin Melt Value. These coins have retail list prices between $1,100 and $1,200 in circulated grades, so it is possible that you might be able to get something more than gold value for this uncirculated piece with a single obverse scratch.

Absolutely correct, I was looking at $5's. My fault OP, I'll edit out my bad info. 

[RWB]

A TPG must never link grade/condition and value. That would be a clear conflict of interest and, in my view, invalidate anything the TPG might declare.

An "Uncirculated - Details" grade coin is:

One that has not wear or abrasion from circulation or handling, and

Has some sort of damage or defect that disqualifies it from a "straight" grade.

Value of the coin then becomes a reduction from the market value of the same coin without defects. This depends on the visual impact of defects, and a potential buyer's interest in acquiring the coin. For common date gold or silver - those items traded as bullion - a scratch or other mark won't make much difference; your coin is bullion and authentication makes it easier to sell.

[powermad5000]

Being this coin is gold, I would say UNC Details would equate the value to more like what the value of MS 60 is despite whatever good details your coin still has. A dealer, though, who still has to cover his overhead, I would expect to offer you more around AU 50 value and the dealer will tell you that is because details coins are hard for them to sell. If your intent is to sell this coin, I think you would do better than a dealer by selling it on eBay. When it comes to silver coins with details grades, those coins can lose up to a third of their value. What that means is a silver dollar for example with UNC Details grade can lose value all the way down to being valued at what a coin in the XF range is.

It also depends on the impairment. Severe corrosion, heavily scratched, whizzed, holed, or physically dented coins which have no eye appeal left due to the heavy amounts of damage on them will typically lose all of their value down to melt values. Coins with less impairment or impairments in areas that don't distract the eye given the right buyer can still get a good price when selling. Your coin with a single large scratch, while it is noticeable and does detract from overall eye appeal, might find its way to a buyer who is putting together a set of coins cheaply and doesn't care about the scratch. As I stated, it is finding the right buyer or the right buyer finding you. Even on eBay, I would not expect this coin to sell immediately. Details coins can take some time to sell. I have sold some details silver coins, and some took over a year to sell even at very reduced price.

[VKurtB]

On 9/10/2023 at 12:25 AM, Andrew8455 said:

Hi everyone, I am new to this forum

Please can someone explain how an uncirculated (details scratched )$10 gold liberty head coin from1900 would be valued?

I paid to get the coin graded in hope to find it's worth but it's value is still unclear to me.

Also how would I go about selling it?

Any information is appreciated

Thanks
Andrew

Welcome to the world as it is.