I have a 1990 $50 Gold Eagle Proof and was told....

numbersman · November 24, 2009 2:36PM

that I could get $2000 for it in today's market-WOW,have they shot up!.But,when I went to sell I was told more like $1750 as I am missing the COA.Two things.......why such a large spread for a small peice of paper?.....and,does anyone out there have a COA for the coin they are willing to sell??

RedHerring · November 24, 2009 2:55PM

You could try eBay or moderncoinmart.com.

I'm sure you can get one.

Type2 · November 24, 2009 3:29PM

for $250 I think you can find one look on the BST and E-bay.

SilverEagles92 · November 24, 2009 3:33PM

For $250 I'll fake one and send it to you...

notwilight · November 24, 2009 3:45PM

<< For $250 I'll fake one and send it to you...

>>

So far that's the only suggestion that has much chance of working....

wondercoin · November 24, 2009 4:29PM

I paid $60 to rent a dumpster to dump a "ton" of boxes not too long ago. I remember Registrycoin tried to sell his large position of boxes and COA's for about $10 each on the BST board and finally had to ship them for $0 to someone who agreed to take them as he couldn't bring himself to dump them in the trash. Perhaps this explains why it is tougher than one might think to find these silly boxes and COA's.

Wondercoin

Overdate · November 24, 2009 4:33PM

At this rate the boxes and COAs will soon be worth more per ounce than the coins!

TheRaven · November 24, 2009 11:18PM

When I sold my proof gold eagles over the weekend, the person checked the COA and stated the coin is almost secondary to having the proper paperwork.....

I was amazed, but if they are going for IRA stuff it is understandable I guess.....

Dump these proof gold eagles at these levels.....

2manycoins2fewfunds · November 24, 2009 11:24PM

I find it ironic that proof gold in OGP with COAs sells for a major premium to all the slabbed PR69 and even PR70s.

Maybe this will be the turning point on slabbing modern coins where 1/2 consistantly go PR/MS70

I still find it silly that the UHR MS70s bring any significant premium when they are still available from mint and where 50%+ grade MS70

If you want an MS70 just buy two and you'll have a 75%+ probability of getting a MS70!

BillJones · November 24, 2009 11:25PM

There are number of collectors, myself included, who want the modern coins in the mint package with all of the papers and boxes. I don't care for modern commemorative coins in slabs. Years ago I bought a few wooden boxes with the outer boxes and COAs for the four and six piece commemoartive coin sets for $5 a piece. I had no trouble selling them at a show to collectors for $10 each.

jmski52 · November 24, 2009 11:25PM

I guess my cartons full of packaging and presentation boxes will stay where they are for the time being.

ritchiewan · November 24, 2009 11:31PM

I understand from an acquaintance that the original documents and packaging are required for PM items to be included in an IRA account. While I am not familiar with this area, it does not make sense that there would be no secondary market for these items if this is true.

ritchie

2manycoins2fewfunds · November 24, 2009 11:38PM

I've said this before but I'd suggest considering picking up some of the empty buffalo boxes floating around on Ebay.

derryb · November 24, 2009 11:43PM

Having no box will not affect price if you sell on ebay.

Overdate · November 25, 2009 1:18AM

>>I understand from an acquaintance that the original documents and packaging are required for PM items to be included in an IRA account.<<

My understanding is that bullion Gold Eagles are IRA-eligible, and they don't have any special packaging. Am I missing something?

>>When I sold my proof gold eagles over the weekend, the person checked the COA and stated the coin is almost secondary to having the proper paperwork.....<<

I guess "almost" is the operative word, otherwise the proof coins by themselves would have no premium at all.

ricko · November 25, 2009 1:21AM

Hmmmm... all my proof gold eagles have the boxes and COA's... well, if they hit $2K I might sell.... Cheers, RickO

fc · November 25, 2009 1:25AM

i find it amazing that ALL coin collectors, since they are in a collectible hobby,
do not realize original packaging is EVERYTHING when it comes to collectibles
over time.

be it toys and their boxes, comics with inserts still included in the spine, commems
with the original card board flip it came with, and anything else like that. Original
rolls of coins in an old bank wrapper are way cool too. Unopened older mint sets
cause an uproar of interest and speculation. The list is endless.

take tab toning for example. what would you pay more for?
a pcgs slabbed example or the actual cardboard container that caused the tab toning
with the coin still there. (grade being the same of course).

every time someone posts the original packaging along with the item it gets easy
oohs and aahs! :-)

my two cents.

lcoopie · November 25, 2009 1:26AM

I am going to take the coins out of the
safety deposit box
and put the mint packaging there
instead

2manycoins2fewfunds · November 25, 2009 1:33AM

<< Having no box will not affect price if you sell on ebay. >>

...............................................

I believe you are wrong.

Overdate · November 25, 2009 2:11AM

>>i find it amazing that ALL coin collectors, since they are in a collectible hobby, do not realize original packaging is EVERYTHING when it comes to collectibles over time.<<

With coins it is a bit more complicated. Circulation strikes (and most bullion coins) don't have original packaging. For modern commemoratives and proofs, storage space can become an issue if the number of coins in the collection is sizable. Showing coins to others can become a chore if the boxes/packaging must be opened and closed one at a time. Registry sets, which are popular among advanced collectors, require coins to be removed from original packaging and placed in TPG holders. (Also, many coins in high-grade or special-designation TPG holders are worth more than the same coins raw in original packaging.)

Original packaging can make more of a difference if it is genuinely scarce, which is probably the case for some pre-1982 commems. Even so, most early commemoratives are bought and sold without original packaging at decent prices. For more recent coins, original packaging makes some difference for bullion gold and silver eagle proofs, not so much for Buffalos, First Spouses, and modern gold and silver commems.

BECOKA · November 25, 2009 2:23AM

I must be odd because I don't see why anyone would want the bulky original packaging. I know the history of the coin, I know what it's made of, I don't need a piece of paper to tell me. All the info about the coin is online. I'd prefer just the coin and capsule or slab.

Bothuwui · November 25, 2009 2:27AM

What packaging would qualify for the IRA's? For example, if I have a Proof 2006 1 oz gold with the packaging and docs from the 3 coin anniversary set will that cut it? What about the 4-coin set packaging with just the proof 1 oz? I'm trying to decide if I should include this packaging when I sell my coins or not.

derryb · November 25, 2009 2:39AM

Gold eagle proofs are being driven up in price at a higher percentage than non-proofs by speculation, nothing more.

Cocoinut · November 25, 2009 3:31AM

The original packaging is bulky, so I have taken the coins in their capsules out of the original packaging and wrapped them so they take up less space in the safe deposit box. Half dollar coin tubes are good for storing the smaller coins. I put the packaging in large boxes that I have labelled "Do not destroy", and keep them in the attic. When the time comes to sell, I can re-marry the coins with their packaging. Fortunately, I have slabbed just one modern coin (including commems, eagles, Buffaloes, and first spouses), although there a handful that I have purchased in slabs.

Jim

hiijacker · November 25, 2009 8:12AM

I have 4 coin proof set still in original packaging. Can I get $2,000 per ounce? if so, where?

TheRaven · November 25, 2009 11:05AM

Try calling your B&M shop and seeing what they will give you.....

RedHerring · November 25, 2009 2:19PM

<< I have 4 coin proof set still in original packaging. Can I get $2,000 per ounce? if so, where? >>

------------------------------------

Contact board member segoja. I believe he's paying around $1,900/oz for GAE proofs w/OGP.

Your 4 coin set should bring $3,500 minimum.

savoyspecial · November 25, 2009 3:00PM

cant be stressed enough: hold onto the paperwork

RedHerring · November 25, 2009 3:15PM

savoyspecial: Please put your coins back in the "holder" and re-post the picture.

We'd like to see the set.

savoyspecial · November 25, 2009 11:43PM

>>savoyspecial: Please put your coins back in the "holder" and re-post the picture.

We'd like to see the set>>

cant find 'em (must be out in the garage)

YEAH RIGHT!!

topstuf · November 26, 2009 1:25AM

The heavyweight wholesale buyers who sell TO the late night TV coinsters won't take them without the packaging.
They need it to convince people to pay as much as they are asking. Hate to get a non AUTHENTIC bullion coin.

bushmaster8 · November 26, 2009 1:43AM

<< cant be stressed enough: hold onto the paperwork

>>

Nice! But hardly a just comparison if you look at the numbers existant...

coindeuce · November 26, 2009 1:59AM

Can smoebody here 'splain to me why the premium per ounce over melt for P.G.E.'s has quadrupled in less than 90 days? Que pasa?

2manycoins2fewfunds · November 28, 2009 11:19AM

Be prepared for a major spike in Gold Proof Eagles on monday!!............................

I sold my last 8 oz. at $1950/oz on Friday.

roadrunner · November 28, 2009 12:42PM

Heritage was offering to pay $2050 for a single 1 oz AGE with all the orig govt packaging as of Wed with gold at $1185....and you can keep the other coins in the set as a bonus! I'd imagine there are higher buyers out there as well close to $2100. These are up $400 in the last 2 months. There are a lot of people offering to pay $50-$150 under the higher buyers and for good reason.....easy profits.

roadrunner

TwoSides2aCoin · November 29, 2009 1:39AM

Coins with COAs are like dogs with AKC papers.
The dogs don't know and neither do the coins, but only the ones with papers perform in the show.

7over8 · November 29, 2009 7:49AM

Roadrunner is correct

2050 / oz, most require clean (i stress clean) boxes and all papers

The minor/fractional gold is pro-rata the 2050 price as well - I believe

I did hear of several hundred bucks cut off the price for broken/chipped boxes, 100 less for missing papers, etc.

Overdate · November 29, 2009 9:15AM

New collector mantra: "Buy the box and not the coin!"

How much are COA's worth per ounce?

2manycoins2fewfunds · November 30, 2009 5:34AM

And what happes to this premium when 2010 proofs come out??

telephoto1 · November 30, 2009 5:54AM

Having no box will not affect price if you sell on ebay.

Um...wrong. It makes a difference. OGP adds value- or, more appropriately, the lack of OGP reduces value. Search completed items for proof of this.

As to the OP... Transline Coin Supply had a bunch of boxes/papers for proof AGEs and ASEs (bought, I believe, from one of the TV sellers who was gang-slabbing same) that they were offering for sale via their catalog... I picked up a couple proof ASE boxes that way...I think they were $20 or so per as I recall. It might be worth a call (800-575-4007) or visit to their site (translinesupply.com) to see if they have any left. Hope this info helps you out.

Overdate · November 30, 2009 7:47AM

<< And what happes to this premium when 2010 proofs come out?? >>

If 2010 proofs come out, I don't expect much effect, since they are likely to add only around 5 percent to the existing supply of AGE proofs.

These high premiums could persist long term. Many AGE proofs are supposedly going into IRAs, where they will be off the market for a long time. Many more sold on TV shopping channels will likely also disappear from the marketplace for the foreseeable future. Possibly a majority of the flippers have already booked their profits, and those who actually collect the annual AGE proofs will be reluctant to sell them. Thus the available supply may become increasingly limited.

This does not have the appearance of a short-time promotion. As gold gains in popularity, especially if its price continues rising, strong demand for proof AGEs may continue or even rise. Over 1.1 million AGE one-ounce proofs have already been sold by the Mint. I don't think adding an additional 50,000 or so per year will cause the premiums to tank.

2manycoins2fewfunds · November 30, 2009 8:01AM

I would disagree.

It is very possible the gold proofs may have significantly increased mintages especially after a year with no product.
If they can make 100,000+ UHR they can certainly make 100,000+ 1 oz AGE proofs.

I doubt the mint will stand by and watch a mad rush of people trying to cash in on the current $650 premium over 2010 AGE issue price.
(I'm just guessing using current spot prices and market prices but idea stands)

Can you imagine the rush if they came out today??

I'm old enough to know an artifical/temporary shortage when I see it.

I predict there will be a rapid loss of premium as soon as resumption of production is confirmed.

roadrunner · November 30, 2009 8:14AM

I've discussed the issue of MS64 $20 saints vs. PF AGE's with some others here. Sure, both are collectible and speculative. They have populations in the same general ball park and carry about the same price today. At less than 2X gold melt/intrinsic value one could say that's a fairly tiny premium to pay for a dazzling collectible that is under feverish demand as long as gold stays strong. Few collectible bullion-based coins are allowed in IRA's. Even a MS64 Morgan (not IRA eligible) dollar fetches 3X melt and is 4X more populous than the 64 Saint (a total differential value factor of 6X). I don't see people bad-mouthing MS64 Morgans as overpriced junk....nor the PF silver eagles that currently fetch 3x melt as well.

While I personally don't buy proof AGE's for myself and don't plan to, I can understand why people are buying them. Another 100,000 of them would have little effect on the market considering that slightly over 1.1 MILL of them already exist. If one considers the post-1988 years only the mintages are rather low.

roadrunner

hiijacker · December 9, 2009 3:23PM

Where these priced at now?

lope208 · December 9, 2009 10:25PM

As of Tuesday morning, dealers (at least the one I contacted) were still paying $2000/oz for gold proofs with box and papers.

Obviously with gold dropping the last few days, I'm sure they've come down in their buy prices.
But no reason to think they won't be back up to that level when gold hits $1200 again.

7over8 · December 9, 2009 10:50PM

overdate - i completely disagree

my opinion is that if the USM releases proof gold eagles in 2010, initially and until the quantity is exhausted, the bids for these coins at 2000+ will CEASE and will not return until the new material has dried up.

there is some truth to taking your profit now on this type of item, where there is no real collector value (they aren't rare) and a "stupid" price is being paid (like $800+ over spot)

I have a 1990 $50 Gold Eagle Proof and was told....

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