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1896 Double Eagle Grading.

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BH1964's Avatar
United States
10982 Posts
 Posted 07/28/2016  9:50 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
This date trades as a bullion coin (primarily metal value) up to MS62 these days. Since your coin has little chance of exceeding that grade I wouldn't be too concerned about AU58 vs MS60. It looks completely genuine and contains nearly one troy ounce of gold, that's where the monetary value is and you have a nice big hunk of gold there.
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macmercury's Avatar
United States
5839 Posts
 Posted 07/28/2016  9:54 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Unless you need the cash now! Hold on to it for a few months longer and you can probably get an extra $100 - $200 more when gold goes above $1400.
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Joseph7420's Avatar
Canada
11922 Posts
 Posted 07/28/2016  10:04 pm  Show Profile   Bookmark this reply Add Joseph7420 to your friends list Get a Link to this Reply
I would think AU-58.
New Member
United States
6 Posts
 Posted 07/29/2016  04:26 am  Show Profile   Bookmark this reply Add dubeagle to your friends list Get a Link to this Reply
Thanks for all the info guys. So basically double eagles are not a real gem and very valuable intrinsically unless it is graded 61 and higher? Is this correct.
I did have a local coin dealer offer me $1350 for it today. I told him I would let him know tomorrow because I got this for a great deal I'm tempted to take it as I would make a quick 200 on it. But the real question is what would be the next coin to start shopping for.

I really want to start buying and selling classic gold coins for a turn around profit. Any Suggestions?
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BH1964's Avatar
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10982 Posts
 Posted 07/29/2016  07:50 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
So basically double eagles are not a real gem and very valuable intrinsically unless it is graded 61 and higher? Is this correct.


Not correct. This varies greatly by date/mm. Yours is a common date so it really needs to grade MS to be worth a significant premium over melt value. Your coin melts at $1290 today so $1350 is a fair offer.
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IndianGoldEagle's Avatar
United States
36906 Posts
 Posted 07/29/2016  08:04 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
AU-58
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