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 Replies: 59 / Views: 9,716 |
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Bedrock of the Community
Australia
21786 Posts |
All gold coins have two component values that make up the total value:-
1. The actual net gold value
plus
2. The numismatic value premium value above the gold value.
Unless the gold coin is extremely rare, then the gold value is only an insignificant part of the total value.
Because the price of gold can vary greatly, it is essential that both component values are assessed accurately at the time of sale/purchase.
A long delay for a slab grading just makes the pricing more difficult. Best if they are slabbed months or even years beforehand.
With a top level professional auction house, that is not a problem, slabbed or not.
Edited by sel_69l
04/09/2021 07:04 am
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New Member
 United States
26 Posts |
I cannot find a definition of "slab grading". What is it?
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Bedrock of the Community
United States
10982 Posts |
I live in Dubuque. If you are within and hour or so we could meet and I'd be happy to give a grade estimate. We could meet at a local coin shop if you like.
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New Member
United States
26 Posts |
I live near Ames but do get to Dubuque a couple of times per year. I'll keep your offer in mind. Thanks.
I will post some more photos here to see what some of the folks on this site think of the coins too.
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Bedrock of the Community
Australia
21786 Posts |
Slab grading: the grade that TPG gives to the coin that is marked on the slab. |
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New Member
United States
26 Posts |
I would like to buy plastic holders for these. I see that round plastic holders are available. Are they recommended or should I go with the square holders?
If I only need 5 holders for the $10 gold coin and 5 holders for the $20 coins, where would you recommend I get them?
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Pillar of the Community
United States
802 Posts |
Make sure NOT to touch the coins with your bare hands.
Personally, I would leave them until the grading company takes them out for grading. Less chance for damage.
Edited by wrestling_135
04/09/2021 10:53 am
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New Member
United States
26 Posts |
Wow, I had no idea that the coins should be untouched to the point that I would need to wear gloves. Does the oil in skin hurt the coins?
I'm afraid that the grading company will damage the coins more than I will when they take them out of the stapled cardboard and handle them--they have nothing to lose if they damage the coins but I do.
Thanks for the advice.
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Pillar of the Community
United States
802 Posts |
The grading companies do this for a job. If you watch videos you will see rare or expensive coins being handled with cotton gloves so oils don't touch the coin.
I have an older coin that has a finger print on it from rightly 50 to 100 years ago. Would have been a very nice coin without it
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New Member
United States
26 Posts |
A fingerprint can't be clean from a coin surface without hurting the coin? The sooner I get these graded and sold, the better off I'll be. I'm not 'delicate' enough to have stuff like this.   |
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Pillar of the Community
United States
802 Posts |
Coins that are cleaned decrease in value. There are some great looking coins that are worth less than "dirty/old" looking ones, because they were cleaned.
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Pillar of the Community
United States
802 Posts |
Maybe stick around posting to get your 250 posts. I am interested in your buying your coins, as they are now, as others might be too. Or you could pay more to get them graded and get more for them. But I would still sell them somewhere like in here or local coin shows to avoid ebay fees and other fees. Just my opinion though :) |
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New Member
United States
26 Posts |
I took the coins to a coin dealer today and they said they were worth about the spot price of gold for their weight. He looked at them for about 10 seconds in total. They were still in these cardboard holders. I'm kind of surprised that they could evaluate the condition through the cellophane. He said that I would be wasting my money to send them off to get rated. https://ibb.co/GVq9MWPhttps://ibb.co/qRjy3FD |
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Bedrock of the Community
United States
10982 Posts |
Quote:
I took the coins to a coin dealer today and they said they were worth about the spot price of gold for their weight. He looked at them for about 10 seconds in total. That is likely a correct assessment. These are common date gold pieces that really need to be in Choice Mint State or better (MS63/better) to bring much of a premium over melt value. This is largely due to the high melt value of gold they contain. It wasn't that many years ago, when gold was well under $1000/ounce, that things were different but today? Melt value is probably correct. Since you acknowledge being relatively inexperienced in this area you should seek out a second opinion before proceeding. |
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Pillar of the Community
United States
802 Posts |
I agree with BH1964 on this. I made the mistake of spending the money to send in coins for the purpose of grading hoping for a premium, only to realize nobody was willing to pay what I put into them, and would have been better off selling them in the raw form (my intent was to sell, not to keep).
The people in this community care about collecting coins where coin dealers are usually in it to flip it and make a profit. I'm glad you found this site to learn. I made several mistakes early on before finding the vast knowledge and community in this forum.
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Replies: 59 / Views: 9,716 |
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Posted 04/08/2021 9:11 pm
