Fair price

gumby1234

Whats a fair price to give somebody for a 1/2 oz gold 2016 W Walking Liberty in OGP?

PeakRarities

Edit- Brain fart

I quoted prices for the 1/4 oz

steve76020

well they paid approx 50 dollars over spot. i wouldnt give him more than he paid i would go to mint website and buy one from them

gumby1234

@DeplorableDan Thanks . I looked online but there were some crazy prices and they were all over the map.

djm

Mint issue price was $865.00, so I think 10% back of spot would be fair.

jmlanzaf

@steve76020 said:
well they paid approx 50 dollars over spot. i wouldnt give him more than he paid i would go to mint website and buy one from them

You wouldn't give him more than he paid 7 years ago? It could be worth more or less 7 years later.

djm

@DeplorableDan said:
Maybe $600 or a tad bit more? I sold a PCGS 70 for $700 not long ago.

When did gold drop to $1200 per ounce?

djm

@steve76020 said:
well they paid approx 50 dollars over spot. i wouldnt give him more than he paid i would go to mint website and buy one from them

How can you buy on from the mint? They sold out over 6 years ago.

pcgscacgold

Wow @DeplorableDan I am seeing $1600 for MS70 coins. You gave a deal.

P0CKETCHANGE

@DeplorableDan said:
Maybe $600 or a tad bit more? I sold a PCGS 70 for $700 not long ago.

I’ll take as many as you have at that price

jmlanzaf

@DeplorableDan said:
Maybe $600 or a tad bit more? I sold a PCGS 70 for $700 not long ago.

Are you sure that was the $1/2?

Greysheet is $1171. CPG is $1400.

gumby1234

@ djm good point so probably more like $950 coin.

MFeld

@jmlanzaf said:

@DeplorableDan said:
Maybe $600 or a tad bit more? I sold a PCGS 70 for $700 not long ago.

Are you sure that was the $1/2?

Greysheet is $1171.

Clearly, something has been lost in translation. I know that @DeplorableDan knows a 1/2 oz. gold coin is worth a lot more than $600.

jmlanzaf

.

@gumby1234 said:
@DeplorableDan Thanks . I looked online but there were some crazy prices and they were all over the map.

Let me guess: $1200 to $1400?

gumby1234

@MFeld said:

@jmlanzaf said:

@DeplorableDan said:
Maybe $600 or a tad bit more? I sold a PCGS 70 for $700 not long ago.

Are you sure that was the $1/2?

Greysheet is $1171.

Clearly, something has been lost in translation. I know that @DeplorableDan knows a 1/2 oz. gold coin is worth a lot more than $600.

Maybe a typo. Could have meant $1600

gumby1234

@jmlanzaf no much crazier. Some were $2200

MFeld

@djm said:
Mint issue price was $865.00, so I think 10% back of spot would be fair. And the issue price is irrelevant.

The issue price is irrelevant and 10% back of spot would not be fair. It would be lowballing.

jmlanzaf

@gumby1234 said:
@jmlanzaf no much crazier. Some were $2200

I don't see anything close to that on ebay. $1200 to $1400 OGP and $1700 or $1800 for 70s.

gumby1234

@jmlanzaf it was just online not on ebay. I've never bought anything from ebay. I dont know who had it because I wouldn't pay that much. The point is the prices are all over the place and I just want to know what a fair price is.

MarkKelley

I wouldn't turn one down at $1000, but I'm not looking to buy.

PeakRarities

Whoops, I had a brain fart. My prices were for the 1/4 oz standing liberty.

For the 1/2 ounce, i've seen them trade around $1250 fairly recently.

PeakRarities

@MFeld said:

@djm said:
Mint issue price was $865.00, so I think 10% back of spot would be fair. And the issue price is irrelevant.

The issue price is irrelevant and 10% back of spot would not be fair. It would be lowballing.

Agree, 10% back of spot is too cheap. You can sell these all day for $1200. If I had a shop, I wouldn't pay a walk in any less than $1000 for a nice one in ogp.

1madman

I would be a buyer at $1000-$1050

djm

@MFeld said:

@djm said:
Mint issue price was $865.00, so I think 10% back of spot would be fair. And the issue price is irrelevant.

The issue price is irrelevant and 10% back of spot would not be fair. It would be lowballing.

Mr. Feld:

Be honest now, what would the owner of this coin NET if he were to consign the coin to Heritage to auction?

The OP has to make a profit on the coin as well, he is taking all the risk.

MFeld

@djm said:

@MFeld said:

@djm said:
Mint issue price was $865.00, so I think 10% back of spot would be fair. And the issue price is irrelevant.

The issue price is irrelevant and 10% back of spot would not be fair. It would be lowballing.

Mr. Feld:

Be honest now, what would the owner of this coin NET if he were to consign the coin to Heritage to auction?

The OP has to make a profit on the coin as well, he is taking all the risk.

I’d advise the owner to sell the coin privately, rather than consign it, as he should net more that way.
And not everyone who buys a coin is looking to flip it for a quick profit.

PeakRarities

@djm said:

@MFeld said:

@djm said:
Mint issue price was $865.00, so I think 10% back of spot would be fair. And the issue price is irrelevant.

The issue price is irrelevant and 10% back of spot would not be fair. It would be lowballing.

Mr. Feld:

Be honest now, what would the owner of this coin NET if he were to consign the coin to Heritage to auction?

The OP has to make a profit on the coin as well, he is taking all the risk.

Theres not really any risk $1000, one could easily net $1200-1250 on the secondary market without putting it in an auction.

jmlanzaf

@djm said:

@MFeld said:

@djm said:
Mint issue price was $865.00, so I think 10% back of spot would be fair. And the issue price is irrelevant.

The issue price is irrelevant and 10% back of spot would not be fair. It would be lowballing.

Mr. Feld:

Be honest now, what would the owner of this coin NET if he were to consign the coin to Heritage to auction?

The OP has to make a profit on the coin as well, he is taking all the risk.

If he gets full hammer, he'd likely net $1200 at Heritage as I'd expect it to sell for around $1400 all-in, But, as Mark pointed out, this is not an item that should generally be consigned to ANY auction house.

hfjacinto

My local dealer had all 3 in 70, the prices last year were $350, $750 and $1400 (cash). I got the Mercury Dime and wanted the standing liberty, but I was short. I would expect a little more now. eBay tends to be 10-15% more than cash price.