HELP!!! I got a 1911 d quarter eagle gold 2.50 piece graded MS-64

[Monacle-migration]

Okay, we kind of got into trouble on this one and we need some help. I have a 1911 Strong D version of the $2.50 indian head gold quarter eagle. I need help finding out what the actual value of this coin is. The coin was graded by PCGS at MS-64. The coin is available for viewing on ebay at this link.

 

http://cgi.ebay.com/DENVER-2-5-AUTHENTIC...1QQcmdZViewItem

 

I am sorry, I don't know how to make the link blue lines happen on this. I need help badly as there is only 9 days left on this auction and I need to get in touch with the right people or this coin is going to go for too low I believe. If you can help me out please let me know

 

my email is Jeff@sliceoftime.net

or Monacle30@yahoo.com

 

or my phone number is 360-887-0706

My name is Jeff

 

thank you in advance for your help

[TomB]

I'm fairly confused by your post. Is this your coin and you are offering it for sale?

[Monacle-migration]

This is my coin and yes we want to sell it, but we are going to lose it to a low low price if I can't find out what it is really worth and get the right people to see it, because we went through a broker that has us in a contract now.. I know, we are dumb and don't know what to do.

[Stanley]

Jeff, Is this your coin? And relax, it is to early for any big money to be bid on this Eagle just yet.

[pendragon1998]

He's spamming the board, that's what he's doing. He has over 15000 feedbacks, and he doesn't know how to pull an auction if he thinks he needs to? Bah. "Oh no, my coin will sell for too little money! I must find the right buyer soon! Only nine days left!" Geeze, he sounds like those Nigerian check scammers.

 

edit:

Hmm...still sounds fishy to me, but I'll hold off notifying the mod.

[TomB]

Well, it appears that there is a reserve of $9,950 on the coin. However, from the way you have written your posts I will assume that Bluemooncoins will end up owning it at this price should the coin not meet reserve on ebay.

 

I would suggest that you go through the Heritage archives to see what similarly graded pieces have sold for. Of course, depending on the strength of the coin, it might be worth substantially more or substantially less when seen in-hand.

 

What kind of broker and contract do you have? This is a very strange deal.

[Monacle-migration]

okay.... this is what happened..... we took the coin to an ebay seller.... he has already had the coin up on ebay once and it didn't sell.. he had it on a 3 day auction.. then he told us he sold the coin and was going to pay us for it. But we found out the coin was probably worth way more money and he was buying it himself. It is my coin. but it is in the hands of a ebay seller right now and we have a consigner agreement. Now they have it up on a 10 day auction... but the coin is hard to find on ebay and I think they want the coin for themselves. Am i making sense yet or do i need to go further?

[Stanley]

Are you in a hurry for your money?

[Monacle-migration]

To that guy up there..... I am not the ebay seller and I have never spammed anything in my life... So I am offended, but hence I do know what you are talking about and I can see how you could be confused... I have been told the coin is like worth $60,000 or more and that this guy is going to get my coin from me for like 12k. I don't want that to happen he's already said he sold the coin once and is sending the money.. now he's selling it again for us??? Does anyone know what really is going on?

[pendragon1998]

If you're in a contract, I suspect you're stuck unless the consigner lets you out. Next time you should do a heck of a lot more homework before selling a coin of such worth.

 

Frankly, though, I've got my doubts about whether we're getting the whole story. If you think you're getting defrauded, you ought to be talking to a lawyer, not a coin board.

 

Where did you come by that coin, anyway? From your posts, it sounds like you know nothing at all about this hobby.

[Stanley]

It seems to me we have heard about this coin before not to long ago. Isn't this the one that the grading service sent back a coin that didn't have a D on it. I think I remember bradick confronting him.

[pendragon1998]

Well, perhaps the ebay seller can clear things up - I just asked him a question about all of this. We'll see if he replies.

[Bruceswar]

To that guy up there..... I am not the ebay seller and I have never spammed anything in my life... So I am offended, but hence I do know what you are talking about and I can see how you could be confused... I have been told the coin is like worth $60,000 or more and that this guy is going to get my coin from me for like 12k. I don't want that to happen he's already said he sold the coin once and is sending the money.. now he's selling it again for us??? Does anyone know what really is going on?

 

I can't tell you whats really going on here, but I will say this. The guy up there you are referring to did not have all the infomation before posting. I hate to be the one to tell you but BlueMoonCoins is not seen in the best light around here. In the past they have some things that many around here did not like. If you have any chance, I would get your coin back from them at all cost. It seems you are unhappy with the dealings that are happening now. Why not pay a visit to them and see whats really going on. They might be playing hardball with you, so you may need to see whats going on.

 

Here are some recent auction prices...

 

Auction 402, Lot 1713 Friday, April 7, 2006 64 PCGS $40,250.00

Auction 394, Lot 3437 Saturday, January 7, 2006 64 PCGS $29,900.00

Auction 408, Lot 3128 Saturday, June 3, 2006 64 NGC $34,500.00

Auction 398, Lot 1186 Wednesday, December 14, 2005 64 PCGS $29,900.00

Auction 388, Lot 2389 Saturday, November 5, 2005 64 PCGS $34,500.00

 

 

These are via Heritage Coins which is rather large Coin Firm. www.heritagecoins.com

[TomB]

Howdy Jeff. I think I understand what you are trying to communicate, but I am just a little baffled that you would have such a desireable coin and not know the true value of it. Of course, things like this can happen. If you go to the Heritage Coins web site you can register (it's free) and then you will have access to all of the Heritage auction archives, which go back to the early 1990s. These record how much Heritage has sold each coin for at auction in this time frame and searching the archives can give you a tremendous amount of information as to value.

 

I have done a quick search through their archives and have found that the 1911-D quarter eagle in MS64 has most recently sold for $40,250 in a PCGS holder. There is a fairly large range on prices for this issue, presumably because of quality and mintmark strength, but your coin should be worth much more than the initial bid it has been placed at on ebay.

 

In truth, this is the type of coin you should consign to Heritage.

[pendragon1998]

My first reply was to Tom's post. This thread filled up quickly, so there may have been some lags in what I was replying to.

[Bruceswar]

I 100% agree with consigning it to heritage. Gold coins do tend to turn up when gold spikes. I know a dealer in Colorado who purchased 6 of these 1911 - D 2 1/2 coins. The man just had them away for a long time. Maybe this could explain why he has the coin, and is seemingly out of the coin loop.

[Monacle-migration]

thank you for the help. That gives me some idea. And to the guy who just sent the email to the ebay seller... thanks for giving him the heads up now I am sure he'll be super pissed to find out I'm now doing legwork of my own. I'm sure we're good and screwed now. I guess it's attorney time, which is what I wanted to avoid in the first place. Thanks for the negativity all through my thread there pendragon. That's a lot of help

[pendragon1998]

I'd like to hear what he has to say. Fishy until proven otherwise, I say!

 

 

Probably not a good idea to post in a public forum if you want to keep things on the dl. Or mention that in your post.

[Stanley]

http://boards.collectors-society.com/sho...rue#Post1253609

[pendragon1998]

Yeah, Spider, that one was on my mind.

[TomB]

I don't get the feeling that these are the same people, Spider, though I have been known to be wrong in the past.

[Bruceswar]

I don't get the feeling that these are the same people, Spider, though I have been known to be wrong in the past.

 

I 100% agree 2 different cases.

[pendragon1998]

I think - spider correct me if I'm wrong - he was referring to the situation with a new member throwing out big accusations, rather than implying it was the same person.

[pendragon1998]

Is anyone else beginning to feel like they're across the street?

[TomB]

Okay, my misunderstanding.

[Monacle-migration]

nah... there's no problem with the grading part... The coin has been graded and graded very very well...and super fast... they did a fantastic job.. There is a picture of the coin on the auction link..another thing that this seller has done, is word the listing in ebay so that hardly anyone will find the coin so that it WONT sell. Intentionally. I did several searches by keywords and it doesn't come up at all.

[Stanley]

I don't know As rare and expensive as these coins are and to have 2 different NEW people comming to these boards. Fishy Fishy Fishy

 

My misunderstanding too. Sorry No more remarks from me

 

 

[MunkyMan95]

Advice to Monacle:

 

If you're in a real big hurry to get some cash for the coin, then sell it to the consignors. If you're not in a rush, then try to work it out. Contracts are a nasty thing, especially if someone changes their mind. Just talk to them, explain your situation, you changed your mind, they should be understanding. If not, never deal with them again in any way, and you're out about $15-20,000.

[gmarguli]

nah... there's no problem with the grading part... The coin has been graded and graded very very well...and super fast... they did a fantastic job.. There is a picture of the coin on the auction link..another thing that this seller has done, is word the listing in ebay so that hardly anyone will find the coin so that it WONT sell. Intentionally. I did several searches by keywords and it doesn't come up at all.

 

Perhaps that's because the auction has only been live a few hours. It can take a while to show up.

 

Personally, I think we're missing a big part of the story.

 

If it is yours, call Blue Moon and tell them to stop the auction as you didn't understand the terms or the value of the item. If they refuse, call a laywer ASAP.

[pendragon1998]

So you know about coin grading to the point that you're aware of the TPGs, yet you don't know enough to get a reliable estimate prior to consigning it? I mean, I know next to nothing about gold, but if I had a gold piece I wanted to fence...I mean sell...I'd at least pick up a Red Book, for pete's sake. Even the 2006 red book - hardly the place to go for current market pricing - has it listed for $30,000.

 

F. I. S. H. Y.