Looking for help - 1st time post
A761506
Posts: 1,309 ✭✭✭
Hi, I've never posted on this board before, I usually stick to sports cards & memorabilia... I need some help with the value of these older $20 gold coins, ranging from 1878 to 1924. I have no clue what they are worth nor what they would grade. I can't figure out the coin grading system. I presume they are worth a few thousand dollars, only because my grandparents paid $1400 for them in 1968. I see PCGS charges $30 a pop for grading, are any of these coins worth spending $30 to have graded, or are they worth similar values in ungraded form? Any help would be greatly appreciated. Thanks
$20 Gold Coins
$20 Gold Coins
0
Comments
It is hard to tell from the photo, but they all look mint state to me.
Do you have a local coin shop you could take them to and get their opinion?
If there is a PCGS dealer near you he could give you some advice regarding submitting to PCGS.
You can look for a PCGS dealer here.
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Chris
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
All of your coins are what collectors call 'common' dates. Assuming the coins are genuine, they each contain 0.968 oz. of pure gold. US gold coins generally fetch a premium over the bullion value of the coin - say about 10% for $20 gold pieces, so a rough estimate of the coins' minimum value would be about $415 each or so if gold is $390/oz. (The premium the coins fetch over bullion varies with the price of bullion, the price difference between Coronet (up to 1907) and St. Gaudens (1908-1933) coins also varies. You could receive different offers from a local, small, dealer and a larger dealer, depending on how big a city you live in.)
However, if any of the coins are uncirculated, they could fetch more. You would probably need to have the coins graded and encapsulated by a third party service, such as PCGS or NGC to ensure they were uncirculated, however.
You may wish to find a local coin club to see if one of their members would be willing to look at the coins to determine their grade.
Check out the Southern Gold Society
The 1968 acquisition price simply has no bearing whatever on the present market value for these coins, so just forget that $1400 figure -- it is meaningless for today's market values.
I see PCGS charges $30 a pop for grading, are any of these coins worth spending $30 to have graded
Without a doubt yes, if for no other reason than to verify authenticity. The photos are poor, but if the coins are authentic it looks like you have some nice coins any gold collector would be proud to own.
I think your grandparents knew what they were doing.
Based on the pics, you have yourself quite a collection. Unless you plan on selling them, I wouldn't bother getting them certified. If you do sell them, be sure and keep one or two as keepsakes.
Once again, nice collection!
Dave
Gold is particularly susceptible to counterfeiting -- while I don't think your particular coins are major counterfeiting targets and they look real to me, as nwcs said, certification will greatly increase the confidence of potential purchasers, which in-and-of-itself is worth the price of certification.
Don't clean them. And I note you have the gold pieces in the cardboard 2x2s -- those holders are disfavored because the staples can scratch the other coins. Don't let that happen, and do not ship the coins in those damn things.
20 Coins total. (10 libs, 10 saints)
x = number of saint gaundens
For the saint gaudens: $420* (per saint gauden)(x) = Amount of money is worth in x amount of saint gaudens.
y = number of 20$ libertys
For the libertys: $420* (per liberty)(y) = Amount of money worth in y amount of liberty.
(y) + (x) = Total amount of money for collection.
Please note but this is just a rough estimate.
Ok, so you have 10 saints.
$420(10) = $4,200
Ok, you have 10 libertys.
$420(10) = $4,200
Your total collection of gold that you showed is worth at least $8,400
Note: If you certified your gold coins, it would most likely increase the value of your gold coins. Try PCGS, or ANACS if you don't want it guarenteed to be slabbed (Unless counterfeit).
*Assuming the average per liberty/saint is $420.00.
">"http://www.cashcrate.com/5663377"
Ok, so you have 8 saints. . . . Ok, you have 31 libertys.
Obverse and Reverse
Holy smokes! That's a great set of coins! Get them graded if for nothing else at least to protect them in encapsulation. AWESOME!
Great transactions with oih82w8, JasonGaming, Moose1913.
Warmer, but still, no. (PipeDream, how'd you mess that one up?) Hey GoldCoinLover, are you related to the Fastows?
<< <i>Gold is at about $388.00 an oz
Warmer, but still, no. (PipeDream, how'd you mess that one up?) Hey GoldCoinLover, are you related to the Fastows? >>
God dam*, does it have to be perfect? According to PCGS I'm 40 cents off. I'm just trying to help this person out, I don't know Fastows.
<< <i>20 coins total, if you count the obverse and reverse there is 40-------------BigE >>
Thank you for the correction
Yes, there were counterfeiters before 1968. Yes, it was common to clean coins before 1968. Many of those coins show mint luster. So basically I agree with all the advice so far, get them certified! Go with PCGS or NGC. If any get bagged for cleaning then send them to ANACS for a net grade.
That is, unless you are getting interested in these coins? If so you have a good start and may want to buy some dates you don't have yet? And no, I don't have any to sell
Nearly 3 years after receiving advice from you guys on here, I recently pulled 8 of them, joined PCGS, and they just posted the grades today:
1 1 11334296 8987 1878-S $20 US AU55
2 1 11334297 9000 1883-S $20 US AU58
3 1 11334298 9009 1888-S $20 US MS61
4 1 11334299 9045 1904 $20 US MS62
5 1 11334300 9165 1914-D $20 US MS63
6 1 11334301 9175 1923 $20 US MS64
7 1 11334302 9180 1925 $20 US MS64
8 1 11334303 9183 1926 $20 US MS63
-Josh
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