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Seeking advise
habaraca
Posts: 2,048 ✭✭✭✭✭
Have some friends in California and Oregon that just inherited a large number of gold coins in slabs.
I believe they are all $20 pieces but don't know the holders they are in... Waiting on some pictures....
looking for advise, suggestions on who to send my friends to to get the best deal for their fathers collection.
Thanks in advance will post some pictures if I get them.
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Take it slow and they should understand what they have before selling.
For example, if they are fairly common widgets then there is likely a set market price. If they are rarer dates or grades, then where and how they sell could be key.
It depends largely on the coins. For example, if they are primarily bullion coins, the answer(s) might be very different than in the case of rare coins.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Better dates are worth putting into an auction so long as the grades are decent, like AU or better.
Widgets are best sold privately because the auction fees will kill your. The mark-ups on those coins are very low.
Take your time and don't rush in making any decisions. Love to see those pics. Good luck !!!
It might also depend on who graded them and when. Some older holders have a premium.
bob
Can you get a list showing the grading company, the grade, the serial number on the holder? This would make it easy to check values on the grading company sites. Then to provide your friends of a general total value (which they should understand is a retail value)
You will be better prepared for the next step....selling.
All good advice ....pics are definitely helpful in getting you (them) on the right path.
Pictures can certainly be helpful. However, in many cases, they are much more difficult to provide than a list of the coins. And for purposes of recommendations, a list should suffice.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Reminds me of the $20 gold pieces that were slabbed from the Saddle Ridge Hoard @habaraca
Fond memories of that neat Kagin's story out of California
From that lesson, the right exposure to a larger collector audience is helpful, marketing and communication is helpful, for gold? an expert on your side / as your guide is helpful like Doug Winter in Oregon (www.raregoldcoins.com). That is how I would begin things.
A Barber Quartet is made up of Nickels, Dimes, Quarters, and Halves.
Widgets could be sold at Long Beach to a big dealer for a descent price.
Great Collections would be an option.
Could offer to local dealer(s) as well....common date should bring a price of spot (MS62/63). Nicer coins should bring a premium.
Search sell history on PCGS price guide.
A Freudian slip there?
Twenty dollar golds have been bringing descent prices recently, fer sure...
Freudian slip? No.
Autocorrect spelling? Yes.
@thefinn I despise spellchecker!
As do I. It instills a sense of confidence in the ignorant, and dread in the competent.
Research and consultation would be the best course.... A list here of dates, grades. TPG would at least get reasonable inputs as to expectations. Look forward to more information...Cheers, RickO
Great collections would be a horrible choice for bullion items.
Put together an inventory document, take the best pictures you can (front, back, and include the case/label) for each coin, and then compare recent auction 'sold' prices for the coins. This will give you the most accurate real value of the collection and a starting point to sell. Good luck with the exercise.
You are in good hands here at this site. It is the go to site for knowledge. Listen to the people on here they are the best at what they do. Slow and easy wins the race and time is of the essence. Good luck and hope you are enriched with golden riches.
Slabbed $20 gold pieces???????
Odd, believe this type of US coinage subscribes to TWO types collectors.
I said "bullion items".
`If you are talking about 63 Saints, the bid/ask spread is about $40 if you take them to a dealer. If you throw them on Great Collections, they will still sell as bullion+$25 but 10% of that will be the buyer's premium collected by GC. 10% of $1270 is $127 - way more than the dealer cut. [Unless your local dealer is a crook] Anything that sells for bullion + 10% or less is better off wholesaled to a dealer as you cannot sell them effectively on Heritage, Stack's, eBay or GC because it will cost you 10% or more to sell on those venues.