Gold coins
Hodge
Posts: 40 ✭✭
Hodge
Posts: 40 ✭✭
Hodge
Posts: 40 ✭✭
Comments
They look genuine from the pics. I'd try a local dealer or the BST. You should get around spot.
Without seeing both sides and knowing if you have any branch minted coins there your question is difficult to answer. From the photo these are just bullion value coins and having them graded would be a waste of money. But that is based on seeing only this one photo and the very limited information that you have given.
If selling is your goal then just sell as they are, very nice coins to have as a family heritage and maybe continue to pass down to other family members.
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Agree that very likely the best bet is to not have them graded and treat them as bullion.
You're psychic! ;😄
All comments reflect the opinion of the author, even when irrefutably accurate.
we need to see both sides of the coins. perhaps you have some better date and better mint coins. perhaps they are worth more than gold bullion
Here are some
Since many of his coins are stacked and not visible, he must also have x-ray vision.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
First off...do not be tempted to clean these coins in any way or in any manner. Secondly, congratulations on having such a vast amount of gold handed down to you. It is truly impressive.
It looks like you might have one Liberty double eagle, four Liberty eagles, five Indian eagles, six Liberty half eagles and two Indian half eagles. If so, then you have roughly 7-7.5 ounces of gold that has a bullion value of $28k+ at the moment. To better know the possible values we would need to see the reverse of each coin to see the mintmark and the mintmark on the Indian half eagles might be a little more difficult to find (it's on the bottom left) because these sometimes had issues with staying legible.
From what I can tell the coins appear lightly circulated and most likely generic dates. If both of these assumptions are correct then there is really no need to have them certified, especially if your goal is to sell them locally to a reputable dealer or to a reputable, national dealer. If you just want to keep them then I would suggest you keep them raw.
Again, congratulations on having such a hoard.
In honor of the memory of Cpl. Michael E. Thompson
Nice group of coins. In trying to count edges looks like about 6.5 oz of gold. If no special mint marks you should be able to approximate the value off of spot. Use this site to check melt values. Dealers will pay different amounts but this gets you close.
https://www.ngccoin.com/price-guide/coin-melt-values.aspx?MeltCategoryID=1&BaseMetal=US-Gold-Coin
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$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Well the $5 1893 CC is not a melt coin
Very nice.
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$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Agree - CC mint mark and the coin looks pretty good to boot. That one is worth having slabbed, I think.
Yes, @Hodge, spread out all the coins on the gray cloth and take a photo of the entire lot of their obverse (front) side and then flip them all over to their reverse and take another group photo. This is the only way any of us will know what you have, so that we can best suggest what to do with them.
Most may just be bullion, but the 1893-CC $5 coin has collector value and is worth more than its bullion content. You may have other collector valuable coins in the group, but we can't know without seeing them all.
Hot dog!
Would for sure want get them graded, then price retail (CDN CPG). These are nice coins not culls somebody would liquidate at melt. As far as somebody haggling me to sell them at melt just tell them go find one.
They look too nice just give away to somebody at melt. With gold in a bull market would want solid retail money otherwise just sit on them watch them go up. Yes I bet some them would want buy them at melt lol. Be in the drivers seat -These are big ticket nice coins with even a CC coin. Don’t let them talk you down.
They are too big ticket not to. Would want to know. Especially the Cc. Look really nice - BV likely advance cover any grading cost. Just get them graded, sit on them at my price as they go up.
The majority of circulated generic gold coins don’t merit the cost of grading. And though you “lol” about such coins selling at melt value, that’s roughly what huge quantities are trading at between knowledgeable sellers and buyers.
Your posts indicate that you’re constantly stuck in your own little retail/investment/CPG mindset, while most market participants do their business in the real world.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Last show I was offered melt for a NGC MS62 T2 $20 by several dealers, they were obviously looking up the same numbers. Serious premium in the past.
1893 CC Five Dollars Gold - get it graded
discussions of how can be had later
don't clean, polist, dip or anything else on any of your coins
Let me know your plans for the $10 Indians, assuming that's what's stacked under the 1915. I'd certainly be interested. THKS!
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Wooooha! Did someone just say it's officially "TACO™" Tuesday????
close crop the images and orient them up and down
post one over the other and not side-by-side
the $20 contains .9675 oz of gold (it's value is tied solely to gold value)
the rest contain proportionately so gold
Nah. If you're psychic, you don't even need the picture.
All comments reflect the opinion of the author, even when irrefutably accurate.
I find it hard to believe that HE would send them in and pay the cost of slabbing. I'm quite sure that he would prefer to buy them slabbed.... probably at the same melt price he's mocking.
All comments reflect the opinion of the author, even when irrefutably accurate.
Any recommendations?
Yes, photographs all the coins front and back and make it easy on everyone. Nobody can say what they are worth without seeing all the coins.
Anybody have a grading opinion on the CC?
I do.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Based on those mediocre pics, I would guess AU58.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I'm thinking AU-something... would be nice to see high resolution images.
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I’d guess AU55 but there appear to be a lot of obverse hairlines/light scratches and I wouldn’t discount the possibility of a light cleaning.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
At their value range IMO other players (and myself) seeking slabbed material (protection against fakes).
I would want our hosts opinion. Would at least take my turn at bat and find out. Some likely have a shot at MS.
Once you have our hosts grade look at CDN for CPG Value (retail) and CDN Bid / wholesale.
You sound unaware of the only very minor differences in value between AU and low mint state grades for many generic gold coins.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Minor as in non-existent?
All comments reflect the opinion of the author, even when irrefutably accurate.
In some cases, yes but in others, not.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
The 1893 CC coin is very nice 👍. I took a quick look at the PCGS price guide and that coin if it comes back in an Au grade has sold at auction in the past for at least $2300+. The lighting is not the best but it looks to me it might be a high Au coin. Some have sold for as much as $3000+. This is a cool coin you got! Be careful not to get lowballed.
I'd use PCGS coinfacts on each coin and mm. Getting the better one(s) graded at PCGS will cost you over $30 each, plus shipping to and from. There are other grading options but there is no way around shipping with insurance, probably registered.
I have had a bit of trouble selling raw gold, only because the dealer was uncomfortable with the possibility that they were fakes, and the coins were nice uncs. The subject coins are a well-used group so should not raise a concern, but the owner should make sure they approach a knowledgeable dealer.
Some less than honest coin dealers will use the "might be counterfeit" ploy as a negotiating tactic to get your gold coins for a low-ball price.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Most coin dealers, especially those who regularly buy and sell bullion, have scales and instruments that tell them immediately if a coin is real or a fake. If you hear excuses like this from a dealer, it's best to walk out and take your coins to a different, more respectable, dealer.
Not a buyer of raw gold or big ticket raw coins. Just business policy. It’s the responsibility of the seller to get them graded.
I don’t doubt they do. Just not a buyer of raw gold.
That you’re not a buyer isn’t relevant to the person who started the thread and to whom
several posters have tried to provide helpful advice. It’s not all about you.😮
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I agree with that; more and more I've seen sellers playing buyers against one another as they try to get more and more, wanting cash, etc..
PCGS is a good grading option, there are cheaper ones with good authentication such as Anacs and Icg. Still $25 a coin plus the shipping and insurance are unavoidable.
Absolutely. Especially considering gold at $4,111 an oz! $25 is chump change compared to that. The other thing I want our hosts grade, the coin in the PCGS holder. For me I want to know what they grade.
To avoid problems selling or getting less than they are worth, you might simply submit them for grading with ANACS. They are faster and and less expensive. The market might be less generous for them, all marketing, but they should then be accepted as genuine gold coins. Their show schedule also might list a show local to you where you can submit and save on postage one way (two ways if you can coordinate pickup at a subsequent show they are at).
If you had rarer and more valuable coins, PCGS ( the sponsor here) would make more sense. Also note that PCGS often has a minimum number of coins for gold submissions (5 seems to come to mind). So, just sending in the 93-CC wouldn't work out on that basis.
Might also consider just holding onto them. Nobody can say which way gold will certainly go, but there is a lot of upside optimism and converting them to dollars, which certainly is losing buying power with no relief in sight, might be less advisable. A little gold/silver diversification can be warranted. One major financial institution raised their suggested allocation to 20% recently.
There's a lot of irrationality with the sellers of higher value coins; either they think they think they have stuff that's worth more than it is or they are in a hurry to sell and don't have the grounding or patience to get near top dollar. What's the hurry? Last week a shop not far away had a large group of $2 1/2 gold from the 1830s come in, over a hundred, probably classics, including "C" and "D" mint coins. Also there was a certified "cc" mint $20 gold piece that someone in the city offered them $2500 for. This is something that most shops never see in their lifetimes. The sharp manager gave them a price. They were going to get other offers, but there is no other coin shop in reasonable driving distance that would make a higher offer. The family sold some currency, Colonials on; it will be interesting to see if they come back.