2002 Gold Eagle $10 Gold Coin MS 69 - NGC Guide Price

DuncanWylieWilson

Hello all.

I recently purchased this 2002 gold eagle $10 1/4 Oz gold coin for $527. However, when I looked it up on NGC via its barcode numbers it has a guide price of $985. Here is a link to this coin’s page on NGC: https://www.ngccoin.com/certlookup/3025246-007/69/

My question is, how accurate are these guide prices? I felt that $527 was a reasonable price to put for this coin given that it’s already graded and fairly high at that.

I’ve attached three photos for reference too.

I would appreciate any input from fellow members here.

Thanks!

Kliao

Sheet is listed at $675 and retail at $878

jmlanzaf

I wouldn't put much stock in the guides for generic moderns. At best, they assume a motivated buyer. If you walk that coin into a dealer, you'll probably get offered melt. If you list it on eBay and need to sell it this week, you might get $600. If you wait around until someone NEEDS one, you might get guide.

ricko

Price guides, much like grades, are opinions....and unlike grades, are usually inflated. Check auction results and also relate it to market demand at the time of sales. Cheers, RickO

Jimnight

What @jmlanzaf said.

DuncanWylieWilson

@jmlanzaf @ricko @Jimnight @Kliao

Thank you for your input. Totally agree with what has been said here. No way would I have paid guide price here. I just thought $527 on the dot was a very fair price to pay considering it is slabbed and graded. Paid just under 11% over melt. Can obviously get lower premiums where the coin is not slabbed and graded, but I highly doubt that’s going to be an issue in the coming months/years given the ludicrous level of state spending across the globe. All fiat currencies fail at some point. 😂

7Jaguars

I think that is the going price for any year. I need the 2020...

DuncanWylieWilson

@7Jaguars said:
I think that is the going price for any year. I need the 2020...

Most of the ones I've seen are a good bit more than what I paid - usually around the $600 mark. That being said, I have seen one at $530 and as high as $800. All of them were slabbed.

I find it peculiar that there are raw coins on eBay at more than what I paid for this slabbed MS 69 example and they're priced $20 to $30 more than what I paid for this. If you look on the seller's page they have sold hundreds of them as bullion investment opportunities. That's a lot over spot!

I think harder times are on the way, haha! 🤕

DuncanWylieWilson

@7Jaguars said:
I need the 2020...

I have noticed there are plenty of 1/10 and 1 Oz examples for 2020 available on eBay, but the 1/4 Oz $10 are not as common. Odd.