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 Replies: 21 / Views: 1,933 |
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Rest in Peace
United States
637 Posts |
Quote:
ANACS is the low-cost option. They are running a great summer special too! 5/$75 with free return shipping, $10/per coin over 5. No limit to the number of coins. |
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New Member
 United States
6 Posts |
Oh man. I was thinking this would be a 60 for sure. I also made sure to post the photos that I felt showed as much of the flaws as possible. Anyone wanna chime in on what I could expect to sell this in today's market .?
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Pillar of the Community
United States
3210 Posts |
I am also in agreement with a slider status for this coin. Luster breaks, hits on the face I see it being an au58....just saw a bit of circulation. Gold melt on these coins is around $1300 right now...there isn't much premium on these unless its a rare date or a better uncirculated coin like ms63 and up. If you needed to sell it you could probably get $1350-$1400 max.
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Bedrock of the Community
United States
94367 Posts |
dubeagle - the term "slider" essentially refers to a coin which, before the grading services, was commonly accepted as "uncirculated" in bulk bullion transactions, even though today it falls short on close inspection. This term applies equally to Morgan dollars. Edited by Coinfrog
07/28/2016 6:23 pm
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Bedrock of the Community
 United States
18700 Posts |
the first pic of the obverse really looks like it was whizzed but the other pics do not show that. AU55
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Pillar of the Community
United States
6370 Posts |
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New Member
United States
6 Posts |
I took about 100 pictures of this coin and then reviewed them to find the ones that made the coin look as flawed as possible. Just to be on the safe end. But here is some pics that most pictures looknow like.  |
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Valued Member
United States
484 Posts |
AU details because it has been cleaned. Lots of hairlines on the obv. As for what a dealer would pay, probably spot gold plus 5%. I would pay $1275 for the coin.
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Valued Member
United States
484 Posts |
A "slider" is an about uncirculated coin the just misses UNC. I know the term as a coin that would fool an inexperienced collector when presented by a dealer.
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Bedrock of the Community
United States
10982 Posts |
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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Pillar of the Community
United States
5833 Posts |
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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Bedrock of the Community
Canada
11922 Posts |
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New Member
United States
6 Posts |
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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Bedrock of the Community
United States
10982 Posts |
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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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Bedrock of the Community
United States
36844 Posts |
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Replies: 21 / Views: 1,933 |
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First Page
Posted 07/28/2016 5:49 pm
