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 Replies: 27 / Views: 1,585 |
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Valued Member
United States
238 Posts |
Hi all, in the category of "nice problem to have", I own all these, but am a US-only collector. Ideally I would trade at fair market value for nice old US coins, but that is probably an impossible match to get both directions right. What would be the best way to sell them? Of course I could just list them 1-by-1 on eBay but wonder if there's a better way. TIA, -t  |
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Moderator
United States
26136 Posts |
"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Bedrock of the Community
United States
75158 Posts |
There is no way to evaluate these coins except one at a time. Just that simple.
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Pillar of the Community
Canada
4503 Posts |
Actually to evaluate these is really simple .
Everything pictured is pretty much gold bullion .
There is nothing there numismatic value .
Nice problem to have !
The 1865 Mexico piece is a plated fantasy No real
Value .
The rest take to a legit bullion dealer who should pay you
around 96 to 98 per cent of melt on any given day .
Take the money and go nuts buying some neat coins .
Looks like around 16 or so ounces of Gold .
$27000 USD give or take !
Edited by Pacificoin
10/13/2022 12:14 am
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Valued Member
United States
238 Posts |
Quote:
Everything pictured is pretty much gold bullion .
There is nothing there numismatic value . That's a useful answer! Not quite the one I was hoping for but exactly what I needed. Thank you, will likely just hold on to them as bullion in that case.
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Pillar of the Community
United States
589 Posts |
Tim I would not do anything atm as you have bullion and swapping for US bullion does not make sense with premiums being so high currently. At some point you may want uniformity in the sense of eagles or maples but in the end gold is gold. The only difference is marketability.
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Pillar of the Community
United States
6683 Posts |
 It is what it is!
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Bedrock of the Community
Australia
20605 Posts |
Watch the gold 'coin' bullion trading market carefully and graph the results on a weekly basis, so that a 30 day moving average price can be established over the period of your investment horizon.
From this information, you can make far more accurate timed decisions to keep or sell at a moment's notice.
No need for the spruikers to educate you. or be forced to gaze at your navel.
Sell when the daily price is well above the 30 day moving average trend line, (you win), or
keep when the daily price is well below to 30 day moving average trend line,...... but you loose only if you sell.
30 day moving average daily spot price charts can be found on the 'Net, if you don't want to do the math for yourself. but some effort in searching may be required.
The above is common strategy for commercial bullion dealers.
Remember, bullion coins have a +ve premium for buy, and a -ve price for sell, partly due to the fact they are (mostly) 900 fine.
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Pillar of the Community
United States
787 Posts |
You could get a general idea searching sold listings on ebay and on PCGS, NGC values but in my opinion PCGS and NGC are a little high. Is there a local coin shop or show coming up you could try to sell them there? If they were mine I'd just keep them, I like variety. Edited by livingwater
10/13/2022 08:07 am
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Moderator
United States
120727 Posts |
Quote:
Thank you, will likely just hold on to them as bullion in that case. That is it. There is your answer. Keep them as "money in the bank." There is no reason to liquidate it all at one time, otherwise you may end up acquiring some coins that are not 100% what you really wanted. When you find a coin you really want to buy, cash in a piece or three of gold to fund it. 
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Pillar of the Community
United States
787 Posts |
No numismatic value? IMO there can be numismatic value in government minted bullion. To me, looks like some would be worth more than melt.
Edited by livingwater
10/13/2022 7:54 pm
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Pillar of the Community
United States
2629 Posts |
Quote:
Everything pictured is pretty much gold bullion .
There is nothing there numismatic value . That is not quite true. Many of the Mexican gold coins go well over spot. Especially on eBay.
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Valued Member
United States
238 Posts |
Quote:
That is not quite true. Many of the Mexican gold coins go well over spot. Especially on eBay. Problem with selling on eBay is they take 12.9%. So are any of my coins worth that much over spot, that I suppose is my job to figure that out. Thanks again all.
Edited by TimNH
10/13/2022 10:36 pm
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Valued Member
United States
357 Posts |
Congrats on inheriting these. I agree with a bunch of the others. Keep them until you really find a coin or two you'd like to buy, then sell a couple of these to pay for it.
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Pillar of the Community
United States
2680 Posts |
I recommend working with a brick and mortar dealer you trust. The last time I sold it was junk US, in order to get a 1795 dollar my dealer was selling that I liked better than the gold coins. It was not a swap, and there was no haggling. The gold transacted at daily spot.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Valued Member
United States
238 Posts |
Quote:
The last time I sold it was junk US, in order to get a 1795 dollar my dealer was selling that I liked better than the gold coins That is exactly what I want to do (including the actual 1795 dollar), it's just near zero odds that any dealer near me up in NH would have a specimen that was "the one". All the so-called coin shops around me seem to be mostly bullion and proof type stuff in any case. Still, one can hope!
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Replies: 27 / Views: 1,585 |
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Posted 10/12/2022 9:19 pm
