Gold Coin Valuations

So it the coin is in horrible condition it should still be worth the melt value or would the condition reduce the value?

How is melt value determined?

I think I read that this coin is 90% gold and 10% copper.

The gold melt value fluctuate daily, you can check online, there are many sites that provide gold prices by the minutes.

That is correct, however the margins are super thin, and one needs to work quickly in the bullion business to or they could go broke in a hurry. At the shop I worked at we had around a 3-6% margin around 25 years ago. Of course if we could get a better deal we tried. But we never made much off buying junk gold, unless the market had a wild unexpected upswing in a day or so. We also had to keep all jewelry and most items for 30 days on hand for the police department theft division by city/state law.

Today I use an iPhone app to tell me the amount of scrap gold, silver and coins. It checks the current spot price of the metal, then allows you to select the coin type and quantity or scrap purity and weight in grams. Works great. I'd check it now, but my iPhone is on it's way to Apple repair to have a new battery installed, it's in the App store.

They have a website as well. Seems it's blocked here though, it is part of coin universe and PCGS companies, as well as listed on PCGS' main site, but if I type the name the post is blocked on grounds it's a prohibited site.

Well the "S" is for the San Francisco mint mark. The others could mean anything and I don't know of any numismatic meaning to those letters.

Those coins are not in horrible condition and should easily bring full melt value and then some.

May fair better selling to large online retailers, once you subtract eBay and Paypal fees, check out how much they are offering to pay for it.

Move them out of those old 2 X 2 holder and put them into safe flaps, be careful not to scratch them while removing.

Most large online retailers should have chat messaging app that you can make inquires, and what they would pay for those gold coins you posted, or you can call to talk to a representative.

If a deal is reach, the rep will send you a confirmation email with number and instructions to include with the package you are sending to them, usually register or priority with tracking, be sure to add insurance to it, you will received email of package delivery and inspection confirmation from retailer.