Neighbor Found Late Husband's Gold - Opinions?
coinundrum
Posts: 28 ✭✭
Long story short, the lady next door's husband passed away a few years ago. She was cleaning and found a bag full of coins. Mostly peace dollars. There were two gold pieces. I don't know much about gold coins, but these do weigh properly. They don't look to me to have 100+ years of patina, so maybe they've been cleaned? Anyway, here are some pics. Any ideas how she could sell them for a reasonable amount. What should she reasonably expect for these?
https://imgur.com/gallery/V173a6L
Thanks for any help you all are willing to provide. She's a great neighbor and I want to help her!
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Comments
She can go to local coin dealer and see what he will offer
Best place to buy !
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To be clear, there are 2 coins:
1. LIBERTY HEAD $10 - 1894
2. LIBERTY HEAD $20 - 1907
OP pics:
I’ll comment on the The 1907 $20 Liberty Double Eagle with respect to the following👇edited OP’s photos.
The coin appears to be an attractive high-end AU-55 to 58, probably lightly wiped or cleaned, based on the different appearing mint luster between the unprotected & protected areas of the coin that are circled in the following photos, in addition to possibly a polished Miss Liberty profile (face & cheek).
I hope this is helpful...
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
Certainly values can be researched on completed ebay sales. Pretty easy to give her an idea of retail. She should expect less obviously.
bob
Common dates. Cleaned, polished. Melt value.
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"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Likely be offered somewhere between $1695 ~ $1850, depending on spot at the time.
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Thanks for the replies so far. Took these to a local pawn shop (LCS is closed, so I'll try to take them there this week) and was told that these were cleaned. Offer was spot - 20 percent. No doubt we can do better than that.
you can do better than spot - 20%
As of today
spot for an ounce of gold -20%
@$1,308.80 = $1,047.04
Gold in Twenty dollar eagle
$1,260.45 -20% =$965.16
thanks @derryb
"Inspiration exists, but it has to find you working" Pablo Picasso
based on current spot, gold content in the $20 is $1260 not $1206. gold content of the $10 is $630
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There's a website called coinflation dot com that gives you quick, up-to-date melt values on gold and silver coins. I have found it to be a reliable quick reference guide.
You've got about $1900 in gold in those two coins. While they do appear to be a bit "polished up", I've seen far worse so don't take much under melt value. 20% back of melt is way too low, that's damn near $400! Best of luck and thanks for helping out your neighbor.
what derry said....
with luck you might get spot for those 2 cleaned common date "bullion coins"...roughly $1,900 or on a good day: spot -5% ($1,820)
Thanks! Oddly enough, I was just looking at that very site! Agree, 20% back is way too low. I'd write a check for that!
Thanks
Typo I'll fix that
"Inspiration exists, but it has to find you working" Pablo Picasso
Agree. That sums it up. The closer to spot you can get, the better.
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What's up with the denticles @ 7 o'clock on the obverse of that $10 Lib?
The whole worlds off its rocker, buy Gold™.
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Good luck !!!
Looking at past results from the bay....
Less the 13% in fees.
Spot -10 is the about the average
(if the deal doesn't go south)
I'll bid $1950.
PM sent!
Very nice of you to help your neighbor....stay away from that pawn shop...I am sure you will get better offers right here or the BST...Good luck, Cheers, RickO
Maybe just hang on to it. A little gold is nice to have.