Is this lot WORTH buying at gold price and grading?
Watchbelieve
Posts: 527 ✭✭✭
I know this is based on one pic and unfortunately I don't have any pics of the reverses. The guy who will sell them to me inherited them and offered them to me at gold price. They haven't been cleaned. He took a shitty pic and then stored them away again. I didn't have the extra money at the time so I didn't ask for more pics. Now that I have the money I sent him a text asking to take other photos and he wasn't happy about having to search his storage bins again since I turned him down this past April. He did say he will take them out in October and sell them as he believes gold is going up by then. So I could just wait til October for the better pics but.... quickly in your opinion, based on one pic... Do you feel as though you gold buy it at gold price today and profit by immediately sending any of those away for grading. 
Comments
I'd be in the South Pacific on my yacht right now if I knew what the price of gold would be in October.
Poor pics, but I would buy them.
No.
I get a daily price sheet of circ and slabbed generic US gold and at least once a week they run a special on several hundred of the common types in AU at gold price.
Not true spot, but close enough to demonstrate that thousands of these are coming to market weekly.
I would not buy them based on pictures - unless the seller was a known and trusted individual. Arrange for a personal, hands on, viewing. Cheers, RickO
Put your money back in your wallet. Buy only slabbed gold. Let someone else worry about grade and, especially, authentication.
Sounds like potential trouble with that kind of attitude. Ultimately it's up to you, if you are 100% confident they are real after in hand inspection you probably can't go wrong at melt price. I don't think I'd have them graded though (remember, you are 100% confident they are real if you bought them), that's a lot of extra expense.
Collector, occasional seller
I would possibly go for it.
BHNC #203
Kind off an odd way to photo them, I would also pass.
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I would buy them in a heartbeat. From what I see, they look good. HOWEVER, I would just re-sell them raw on ebay or here instead of spending big bucks to grade them.
I would buy them but I'd only slab some of them. The rest get sold raw, at a small profit.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
There seems like too many red flags unless you can lay your hands on them in person or get better pics I would pass. Common AU gold goes for barely above spot even when slabbed.
To clarify my answer a bit... I would for sure buy all the $5 and under gold at spot. Those are the coins with the highest premiums.
quarters and halfs no grading though waste of money unless they are better dates , sell them raw . Who is this guy that only can visit his stored coins only semi annually ? Are they on an asteroid orbiting the earth?
The problem is that he probably bought at random times and from random people. Odds are that some of them are fakes. Is the deal so good that if a couple ARE fake, you still make out ok?
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Coins of that value and the seller does not put them in holder for protection? Use a digital scale to check the weights match the coins.
The coins all look authentic as far as I can tell.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
They look okay, but counterfeit U.S. gold coins have been around for as long as I've been a collector, since the 1960s. I suppose you can't do too badly if they are at least made of gold, but bear in mind that raw gold coins can be a minefield.
My "no" wasn't alluding to the authenticity of the coins.
It was saying there are scads and heaps and gobs of US gold coming into the US.
RIGHT NOW
AND CHEAP
why would there be so many old gold us coins coming back to he USA now?
Coming in from Europe.
Who knows? Maybe they want dollars. Although the dollar seems to be weakening. ????????
As raw coins I would only buy if seen in hand and if you are buying any I would invest in a Sigma Precious Metals Verifier and check each coin and make sure that they are at least real gold.
No - I can buy AGE MWG MS69 slabbed gold for melt plus less than slab cost at shows. A 1/4 oz GBR slabbed PCGS MS69 Modern Coin got for bv plus 7 pct from world gold dealer known since 1990. It's a really low pop coin too. No raw / cleaned stuff for me.
Many of them look nice it depends on how much you want put at risk. I would send them all in for grading. Assuming they not fakes not much downside.
I'd buy them at melt and keep them.
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Just to clarify - yes, if you have enough dough. If your budget is tight and the grades are off for the set you are putting together with these coins, then think twice.
not to be rude, but if you don't know the answer to your question, you should probably not be buying these coins.
I would if purchasing in person. What if there's a CC on the back of that 93 $10?
just found a few more pics I had stored in my phone of the coins.
Does the guy who inherited them, or his relative, live in the New Orleans area?
so, did you buy them?
BHNC #203
They look like common dates; I would buy them if they pass reasonable genuine analysis, look at some tutorials on that. No real premium on xf/au common dates except incuse gold. NGC offers gold rush, one week turnaround and $20 a coin for dealers; PCGS is more like $30. Easier to sell certified.
Thank you. No I haven't purchased them yet. In October I will probably do it.
Yes absolutely if could buy at BV. I would send them all in for grading too unless culls. Culls would either pass on or blow out (if all or nothing deal). Coins that I felt would get grade send in. Ones back from grading price at PCGS MV unless details coin (cull) which just blowout.
Because in 2011-2012 when gold ran up to $1800 plus, the Europeans missed the boat.
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2nd this
You're going to grade the Krugerrand??? Not to mention, this is August, come October, it COULD be an entirely different ballgame.
Yes I wonder too.
Your offered USGTC at melt and can't make a decision? Unbelievable.
I could c it if they were fake, damaged, or obviously cleaned.
Perhaps the coin biz not for u.
Just deselect the culls and buy the pieces you want / which have good chance problem free grade if sent in. Ones like Kruggerand no need slab at all.
I'd do it. Sounds like fun, but I'd be willing to pay less than I could flip them for. I'd also carefully weigh each of them and look them over carefully. There are plenty of fakes out there. Sounds like a great opportunity to learn about US gold....... before you buy them.
Keep in mind these are almost certainly common coins that you can buy in any quantity any time you'd like.
I will just take perfect pics of each coin and post on here in October so you can give me a more educated answer. I don't own any U.S. gold except my 1908 2 1/2 gold piece ring and when I posted pics of it on here some people told me it could be fake due to the amazing detail on the reverse feathers. You guys are a lot of help and I genuinely enjoy my time on here. Thanks again and good luck hunting.
If they were my series I'd definitely be interested at melt, but I'd definitely want to have a look at them in hand. It is odd that the guy seems put out by somebody requesting nice pictures. For what looks like a few thousand dollars in gold, you cant be bothered to provide reverse photos?
Here's exactly what happened . He lives 3 hrs from me. I owed him from lots of silver coins so he came to me and we met for lunch. Those pics were taken by me at the restaurant on the table. The lighting sucked so bad that I took only a couple and said naaa I'll pass on the gold and I will just pay you for the silver I bought. Then I regretted it a few months later so I checked my deleted photos on my phone and pulled these out. I then texted him and told him I am interested now due to some hot streak at the casino. So then he says he will sell in October and I have first refusal and when I asked him to take pics he was aggravated and said I told u to take all the pics at the restaurant. ...... That's what happened. I never purchased gold coins before and that's why I posted all pics I had to get any opinion on here. The seller is not a coin guy at all not even a little so taking pics was like an insult for me asking. He's 78 and he just wants the money and to get out of his hair. He wouldn't know a proof from a business strike. Although if you see my posts on here, either do I. Lololol
Interesting situation, be cautious and careful, JMO
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If he doesn't know beans about coins they could be fake and he wouldn't even know it. Like several have already said....these are easy to find anywhere already graded so why take the chance. Unless you "KNOW" they are real and he is selling cheap....PASS!
JMHO
Thanks guys.
It's fun to get old circ gold.
You can put them in an old coin wallet and pretend to be a cowboy.
Curious. What was in the silver you purchased from him previously? Any better date or grade coins? Or just junk silver?
Well these were just a few of them.
Ahh, yes, I remember that one. I would put money on the 1908 being fake.
The seller or potential buyer?
In my statement the "he" is the seller and "you" is the potential buyer.