Is It True When Selling Coins

That's interesting. Yes, heritage fees are pretty steep, but I would have thought that most dealers would hit you with at least 20% themselves. Is that not the case?

Also, Heritage does gold-only auctions with no buyers fees. I have no idea what their sellers fees are for these auctions, but presumably they don't hit the seller with the full 15% plus the usual seller fees?

Not to defend the dealer as I don't know who he is but I just thought I would let you know that as a Sealer of Weights and Measures and a Zoning Code enforcement officer for a local municipality I deal with the regulations surrounding the buying of coins and jewelry on a daily basis. This topic has come up at several regional meetings. Each town or municipalities sets their own regulations for how to handle the resale of these items. The municipality I work for requires that all gold, silver or precious gem purchases from the public be held by the shop owner for a minimum of 30 days and that the shop owner report all transactions to the police dept within seven days of the purchase. This allows the police time to match up purchases with stolen items in the community. Many towns throughout the country have similar ordinances ranging from 7 days to 30 days.

bherring, I haven't got this picture taking thing down yet and don't know why most of these look like they do but these all have nice eye appeal.

No mints marks on any of these.

1) $20 1922 St. Gaudens MS-62

2) $20 1893 Liberty MS-61

3) $5 1898 Liberty MS-60

4)$2.5 1913 Indian AU-58

5)$10 1932 Indian



6)$10 1893 Liberty



7) $5 1881 Liberty

Gold is beautiful !! Follow your gut and post the questions you have right here ... great experience abounds.

Some collectors try to stay away from the lowest MS grades (60, 61, etc.) due to the fact that a low MS coin is often very baggy with a lot of hits and so a lot of people would rather have a nice 58 with minimal hits and marks with only a small bit of wear holding it back.

As long as your not in any hurry to sell, don't even bother now checking into all that. Just take your time, purchase a few books on Coins such as the Red Book by Whitman Publishing. Also, you may want to check out the availability of other books they sell on the Whitman web site to get a better idea of what you have. And too might be the start of collecting coins yourself. Look arouhd for some of the web sites that list prices such as the Numismedia or PCGS web sites. Those are usually overdone but gives you an idea. Also, as I mentioned before, try to find some coin shows in your area and go there for educational purposes.

Yes, it would be if you're not already in the grading game and submitting numerous coins at one time.

If you post some better pics of the MS60 piece, we can go from there. These type of coins are what I've been buying/selling for three years now and with the price of gold going up, they have been fun and profitable to handle.