1904 $20 Value
kenriles012
Posts: 170 ✭✭
Ignoring the old dealer grade (I'd say 63 is more likely) what is a fair price on this piece raw? Obviously not a rarity and not a super high grade but if I buy it I need to make it back (I am trying to buy it with a lot of other coins I really want).
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If it’s pretty, raw probably 12-1500
1300ish. But keep in mind this coin's value will fluctuate in-line with the price of spot gold.
1904 is a "generic" gold date for double eagles, so the collector premium is small.
Melt plus a couple percent is what most (non-dealers) would pay. $1300 tops.
Melt at the moment is around $1265 - $1270. APMEX has random date AUs on sale for $1305 and give you $13 in eBay bucks so $1292. Last week you could have received $100 in eBay bucks so about $60 under melt. Quick sale I'd guess you couldn't get much more than melt, if that.
The 1904 is the most common of $20 liberty gold. To date PCGS has graded 189,124 pieces and NGC has graded 227,062 and who knows how many more imports from Europe are in the queue.
I would guess you should be able to buy a nice slabbed MS63 for around $1350 or less if you look hard enough and gold prices don't fluctuate much.
That's my two cents worth, no warranty expressed or implied.
it's crackers to slip a rozzer the dropsy in snide
I am not a big fan of this date, when the coin is raw, because I got caught with a counterfeit when I was in my 20s. The only thing that saved me was that bullion went up, and I got my money back. I suppose this thing is worth around $1,300, and it looks okay to me. The thing is you can buy a certified one for not much more, so why take the chance?
Hard to make any determination from those pictures.... Buying raw gold can be risky.... at that apparent condition, and at gold premiums today, why not buy a slabbed coin? Cheers, RickO
Do you have to provide the seller with a price for each individual coin? Figure a total for the lot, (what you are willing to pay for the ones you want) then add a little under melt for the $20 if you have to buy everything. That might work. That way you should at least be able to break even on the $20.
it's crackers to slip a rozzer the dropsy in snide
Is this a little better image?
It certainly looks nice.
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I like that larger picture. The coin would fit nicely in a type set but not worth a premium in today's market.
it's crackers to slip a rozzer the dropsy in snide
My guess is that today a dealer wouldn't pay you more than $1250 for that coin with the spot price at approximately $1313. Probably closer to $1200.
Edit: Unless this is some special rarity variety or key date that I don't know of. But assuming it's a generic bullion coin.
Successful transactions with: wondercoin, Tetromibi, PerryHall, PlatinumDuck, JohnMaben/Pegasus Coin & Jewelry, CoinFlip, and coinlieutenant.
Still $1300
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
it looks nice...and who doesn't love a nice gold coin?
however, there are many 1904 $20 libs out there. most of the time, when i see a mint state graded lib in a dealer case, it's a 1904 or 04-S.
$20 lib collectors aren't going to pay any collecting premium for it, unless it is high grade (64 or higher).
bullion collectors may pay up to spot +5%.
you won't see any return on it unless you sell when gold goes significantly higher.
What I heard at the local show this past weekend was that gold was weak. Can't expect much more than melt, at best, when looking at common, larger, gold coins.
Even be careful of paying too much for "keys".
MS63/64 considered "melt" for many.
This from more than a few dealers (and I wasn't selling to them either...just part of a larger conversation).
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
This shows the value of certification even if the chance of a 64 or 64+/cac is significant enough. I sent a couple $20 gold coins to NGC a few weeks ago and with their gold rush my total cost was $20 a coin, an invoice fee and $22 shipping each way. I wish PCGS had something like that.
As mentioned before, this date is abundant.
Roughly 36% of ALL type 3 $20s graded by PCGS in MS are 1904.
A raw 1904 $20 with spot gold at $1300, is pretty much bullion.
Sorry, it IS bullion......
If I were buying it as another coin in a lot of coins (as in buying an entire collection) I would value it at $1280, knowing that I would be hard pressed to net any more than that on resale.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
Gold is at $1314 currently. Melt value of the coin is $1275. If the coin were slabbed and I was interested in buying it I’d be hard pressed to pay anymore then $1300.
so you should get it graded, plus seller fees, there is a pile of money right there