HELP: I HAVE AN OFFER TO BUY SOME GOLD BUT WANT TO MAKE SURE ITS NOT TOO GOOD
TeacherCollector
Posts: 174 ✭✭✭
I have an offer from a collector to buy the coins for these prices: ANY HELP IF GREATLY APPRECIATED
1908 $2.5 POLISHED for $450
$5 1893 for $650
2 1/10th ounce eagles for $180 each
1902 AUSTRALIAN for $500
1978 proof 1oz Kruggerrand for $1800
Are these prices fair?
Thank you for the help everyone 
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Have you checked eBay prices? Do you know grades? How are we supposed to guess the denomination of the Australia piece? Without pictures or significantly better detail, there's no way to know about these beyond the straight-up bullion pieces and the fact that a polished quarter eagle is probably a bad buy for anything beyond melt if it isn't a rare date.
1902-Australia Gold Sovereign Edward VII
Sorry I have to upload pics but I was just wondering about the general prices being fair and yes from ebay it looks like these are below most ebay posts
The 1/10 oz eagles and the 1 oz Krugerrand are just a little above melt. Compared to what they are going for in other venues, this is a good deal, not an unrealistic one, but a very good deal. I am not familiar with the other coins or their actual gold weight off hand. The 1908 $2.5 that is polished would usually go for melt depending on its rarity, which I am unsure of. If it is not that rare, paying melt would be appropriate. If it is rare, sometimes polished coins will carry some kind of premium. Just watch out for that.
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Thanks Man, That is what i was thinking so far too
I will comment on the 1908 and the 1893. The melt value of the 1908 Quarter Eagle is $210 today. A polished example would be worth about that. The 1893 is about $425 melt. You don't list grade. If raw, probably cleaned too. I would not pay over melt for that either. The $650 number is closer to a slabbed coin in MS62/63.
Maybe look at Great Collections for the Pre-33 gold.
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$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Glad to see you back. Good move I think the tenth oz gold and the kugarrand are too cheap. Thanks
🎶 shout shout, let it all out 🎶
Yeah Both are slabbed and have MS62 and AU55 Respectively
Are you an expert authenticator? If not, how do you know these coins aren't counterfeit? Gold coins are frequently counterfeited. Give us some detailed high resolution pics and perhaps we can help you.
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
No pictures, no buy, no comments.
Everything in my opinion is purely speculation.
Melt values listed are accurate.
Wayne
Kennedys are my quest...
makes sense.
The first one no. The rest maybe, need more information and photos.
Tenth ounce, yes. Kruggerand are tough sell
No pics, so it's tough to comment...
The 1/10 oz and Kruggerrand are at melt... if real.
The polished $2 1/2 1908 is a bit much...
Not enough info for the other coins.
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Currently, even a polished Indian quarter eagle should be worth a minimum of $300 and the Liberty half eagle, at least $450. That said, based on the nature of the OP’s post, I’d advise that he not purchase any such coins until he’s much better acquainted with authentication, grading and values.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Yes, there's an implicit assumption here that if it isn't too cheap it must be real. My advice would be:
I bought a proof gold Britannia set at auction last week for $1618 per ounce. Very happily too cheap
JM your a pro. Op is newbie 😉
🎶 shout shout, let it all out 🎶
But, to Mark's point, the question has to be are they real not are they priced right. There was a (fake) collector selling fake Eagles via Facebook. The price was right, the coins were wrong. Not even good fakes, they didn't weigh right.
But based on this post and his previous introductory post, he seems to want to skip the learning phase and jump directly into the pro game. It's already been pointed out, that's a recipe for disaster. Oh well, everybody learns differently. I hope it doesn't cost him too much money.
Forget about "fair". You are buying what is essentially bullion so get the best price possible. Think like a dealer and buy like a dealer. Beware of the polished $2.50. It could easily be a counterfeit that was used in jewelry.
If he’s not knowledgeable (about authenticity) he should beware of all of the coins and buy none of them.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
This is the same guy who posted about "buying collections". He reads like one of those guys who thinks he can get a deal that way. Until he gets burned by his own ignorance, he's going to keep shopping... and asking the wrong questions.
People are fools.
They give away their personal info by answering social media posts as to where they live, first car etc.
They do not research the coins because they are going to beat the standard price of legit coins.
They do not check what they are buying because greed motivates them to buy and then they get burned.
Show us the PICTURES of both sides of the coins. Look at the weight and actual size of the coins.
When you do so, the experts who here are in the best in their fields will guide you.
If you can not provide pictures, don't ask for opinions or if this a good deal.
Speculation will cost you. Please educate yourself. There are many people who will support you but you are the one who gets burned if you do not.
I know that my response is harsh but no malice is meant.
To many of us will protect you instead of educating you.
God forgive me.
Wayne
Kennedys are my quest...
True story. I told it once before.
I was in a coin shop. Guy came in with a brand new purchase: U.S. 1 oz. gold eagle. He said it felt funny to him. My friend weighed the coin, light by a couple of grams. Not even close to correct.
Guy tells us that he bought it from a guy he met on Facebook. He said he's been doing it for years because he doesn't want to "pay retail". Guy paid $50 less than my coin shop dealer friend would have sold the same coin...a REAL ONE. So, all his "savings" and more evaporated in one stupid deal because he was too dumb to even bring a scale with him.
The guy who sold it to him was eventually arrested. He lived in PA but had been selling coins in Ohio and New York via Facebook. [Don't pee in your own backyard?] He sold a lot of them at very reasonable prices.
To @WAYNEAS 's point, you have to start with the education not dive in and try to get lucky while you are getting the education. All to save $50? A trusted dealer is worth far more to you than you end up paying him/her over time.