Need help with priceing 1857-s $20 ssca PCGS ms-65 -- 1864-s $20 ngc ss. Republic ms-61 --1865 $20

TRADECOIN

Thanks for any help. I Need to make a offer on these 3 coins. They belong to a friend that wants to sell them . I need to know what they are worth on todays market. Who's the top buyer ? Thanks Ron Fischer tradecoin on Ebay. You can email me at tradecoin@verizon.net

jdimmick

there about 35 k worth of coins there, but if you plan on re-selling, you might contact a couple of the national folks to see what they are paying, and then adjust accordingly.

jim

roadrunner

Heritage archives should nail those down pretty well as they have numerous recent appearances. Probably around $40K to $42K at auction. Could bring a couple
thousand more if CAC'd. Potential buyers? Heritage, CNI, Rarcoa, MrEarlygold, Doug Winter, Lee Minshull, Spectrum-Stacks/Bowers, Gold Rush Gallery, etc.
Lots of larger gold dealers out there. You might be able to swing a 5-10% deal with someone who can place these. That's $2,000+ they wouldn't have gotten otherwise.
Just make sure you deal with someone who currently has a good check. I have a feeling most buyers will want to be in them at a level so that they can flip them to the
highest buyer.

JazzmanJAB

Monoco Rare Coins would probably be interested in those coins.
Call Jerry Lopez at 1-888-751-1933,ext 4658. Or ask for Adam Crum

RYK

Shipwreck coins are outta sight.

roadrunner

Duplicate

RYK

<< <i>Heritage archives should nail those down pretty well as they have numerous recent appearances. Probably around $40K to $42K at auction. Could bring a couple
thousand more if CAC'd. Potential buyers? Heritage, CNI, Rarcoa, MrEarlygold, Doug Winter, Lee Minshull, Spectrum-Stacks/Bowers, Gold Rush Gallery, etc.
Lots of larger gold dealers out there. You might be able to swing a 5-10% deal with someone who can place these. That's $2,000+ they wouldn't have gotten otherwise. >>


I think auction is the best route. If you look at the recent Heritage Summer FUN sale, the prices were outrageous. Many dealers would not want to take the risk and offer high, and others would not want to place them for market value with their customers.

I have a non-55/56/57-S better date SSCA $20 Lib in my collection, and I asked a preferred gold coin dealer how much he thought that it was worth. His reply was along the lines of "a lot, and you will have to sell it at auction." He also told me not to show it around a lot.

messydesk

<< <i>Shipwreck coins are outta sight. >>


Can't be. They're categorically "Loser No. 41" in Scott Travers' 1998 book "Top 88 Coins Over $100."

jdimmick

Be very careful using auction prices realized for these type of coins, remember they are going to take 17 1/2% min off the top. not to mention a little more unless you can negotiate a 0% sellers fee. Also, ones own finances will come into play if ( you/they) can take the time necessary to go this route, vs a direct sell. Most dealers if buying outright will want to buy with flip potential built in the price and may be back a good bit. Like others have said, i would contact a few of the big boys, and see what they would buy them for and adjust the amount you want to make accordingly. And as others have said, make sure you go with dealer with solid funds, I have herd several reports of some that have had trouble lately in the finances dept.

in fact, this weekend at the raleigh show a guy was looking at an 1852 seated $ from a dealer, and we happen to start talking seated dollars ,I had mentioned about the 73-cc I owned , one he didnt have anyway, he mentioned to me that he has had two occasions where he had sent a check (4 figures) to buy seated $ and never has recived the coins he bought. Both in litigation i assume.

jim

roadrunner

<< <i>

<< <i>Shipwreck coins are outta sight. >>

Can't be. They're categorically "Loser No. 41" in Scott Travers' 1998 book "Top 88 Coins Over $100." >>

I think the shipwreck coins Scott is mostly referring to are those badly cleaned and salt%water seated halves...and coins similar to them. Shipwrecked gold coins are a different breed since they can be "reborn" again. A shipwreck effect 1860-0 half in acid etched/stripped "AU" is a far cry from a blazing coppery gem 1857-s $20 with mint bloom that drips off the coin.

A consignment of only 3 coins worth $40K can get a much better rate than 17.5%. The buyer's fee is there to "dig" into. I'd be surprised if one couldn't negotiate this down to 10-12%,
a seller's fee of 0% is a given, especially for a non-ANA summer auction venue. I wouldn't consign either at a 17.5% rate.

Timbuk3

I don't think you'll get the prices
that you want for those coins !!!

messydesk

<< <i>I think the shipwreck coins Scott is mostly referring to are those badly cleaned and salt%water seated halves...and coins similar to them. Shipwrecked gold coins are a different breed since they can be "reborn" again. A shipwreck effect 1860-0 half in acid etched/stripped "AU" is a far cry from a blazing coppery gem 1857-s $20 with mint bloom that drips off the coin. >>


He actually talks about high grade gold, and cites the SS Central America >>

specifically, stating that large quantities of these high grade coins can overwhelm the market for them and depress prices. In a world where all that matters is the coin, he's right, but we're not in that world anymore. Now the label is worth, or at least costs, extra.

mkman123

listen to what some of the members wrote. Do an auction with heritage, heck maybe try teletrade or greatcollections. You could also ebay them.

BillJones

<< <i>

<< <i>I think the shipwreck coins Scott is mostly referring to are those badly cleaned and salt%water seated halves...and coins similar to them. Shipwrecked gold coins are a different breed since they can be "reborn" again. A shipwreck effect 1860-0 half in acid etched/stripped "AU" is a far cry from a blazing coppery gem 1857-s $20 with mint bloom that drips off the coin. >>


He actually talks about high grade gold, and cites the SS Central America >>

specifically, stating that large quantities of these high grade coins can overwhelm the market for them and depress prices. In a world where all that matters is the coin, he's right, but we're not in that world anymore. Now the label is worth, or at least costs, extra. >>

.

Yes, but if you are looking for high grade (MS-65 or better) the ship wreck coins are the only way to go. That does give the market for these coins some "legs." It is somewhat like the situation with the 1907 High Relief double eagles which also have high populations.

291fifth

Don't buy coins from friends. You will probably make too generous an offer.

jdimmick

One of the forum members here just PM me about the auction percentage. I havent consigned anything in several years, but before about 4-5 years ago when i sold off my collection, I consigned 2 coins worth about 45k to one of the firms, got the 0% seller, but they would not budge on giving me a few points on the 15 % buyers premium that was in affect then.

Hopefully, down the raod when i sell out again, Ill have better ammunition and lot more $coins$ to negotiate with.

jim

mrearlygold

Unless you need instant cash today the coins should be submitted to CAC first.

Just be careful, stay alert out there and don't get caught with your pants down:

tradedollarnut

<< <i>One of the forum members here just PM me about the auction percentage. I havent consigned anything in several years, but before about 4-5 years ago when i sold off my collection, I consigned 2 coins worth about 45k to one of the firms, got the 0% seller, but they would not budge on giving me a few points on the 15 % buyers premium that was in affect then.

Hopefully, down the raod when i sell out again, Ill have better ammunition and lot more $coins$ to negotiate with.

jim >>



Consign through a national dealer - they will make a couple of percent and you will make at least five percent more.