CA fractionals, how to buy?
logger7
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A local shop has a group of uncertified CA fractional gold pieces after sending in others to PCGS that graded high, I suggested they try to auction them through Legend which has helped them before get full market on a collection of high end rarities.
What they have left would probably be categorized as "leftovers".
They weren't sure if they were all genuine.
1880 25c gold jewelry
1865 25c CA gold
1858 25c CA gold
1881 25c CA gold
There were reluctant to let these go not sure how to price them. Are there conditional deals that would be mutually advantageous; ie offer them a reasonable figure with the understanding that if they were worth considerably more give them a piece of that?
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A deal can be structured in many ways, but it should always be reduced to paper and signed/dated by both parties. What happens if they are worth considerably less? Get them authenticated first, don't mess with coins that might be fakes (and many of these fractional gold pieces are just tourist-souvenir crap).
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
There's some good information in the PCGS Coin Facts. They give information on each BG variety including rarity and auction results..
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
https://www.pcgs.com/coinfacts/category/california-fractional-gold-1852-1882/1659
I didn't see any rarities in those dates, but the varieties are where that may happen.
Why not get them graded and then agree upon a purchase price?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
LOL, these were probably rejected for some reason and now waiting for some "sucker" to come into the shop.
I agree but don't waste your money on the one that's an ex-jewelry piece.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Thanks for the good advice on this potential snafu. The owner said he hadn't researched them priced them yet and it has been many months.
I’d suggest taking some pics and posting them here.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Pass. Don't get involved in a deal with a dealer who "thinks" something is worth a lot but knows little about it. It will be nothing but trouble for you. Let the dealer do the research and price the coins. At that point you can decide if you want them or not.
Unless you are an expert, and have studied the pieces sufficiently to be confident of authenticity, then stay away until that work is done by experts. Lots of fakes out there in California gold coins....Cheers, RickO