Confused About American Eagle Values.

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Author	Replies: 6 / Views: 2,361
phoyce New Member United States 2 Posts	Posted 09/13/2009 11:28 pm Hello everyone, My grandfather recently passed away and my father inherited his gold coins. All the coins have their respective invoices showing the dates bought, prices paid and are in cases which have never been opened. I'm trying to help my father figure out the value of the coins and if he decides to do so, the best way to sell them. This is my first time dealing with gold coins and I'm a bit confused. For example, I'm looking at one invoice for an order of American Eagles in April of 2005. The invoice is from the United States Rare Coin & Bullion Reserve. One of the coins is a 1990 $50 American Eagle. The price paid for this particular coin is $1617.00. From what I've read it looks like the average price of gold in 2005 was around $444. I know gold is over $1000/ounce today. However, when I look online at various sites ( ebay for one) I see people selling this particular coin for $1200. If the price of gold has doubled since this coin was bought it stands to reason the coin would be worth more than the price paid unless my grandfather grossly overpaid. Am I way off here? Please educate me or point me in the right direction! Any help is appreciated. Report this Post to the Staff

Frazzle Pillar of the Community United States 505 Posts	Posted 09/14/2009 12:01 am I think this link will explain a lot http://www.ripoffreport.com/Bait-an...bu-bx6a7.htm Report this Post to the Staff
Frazzle Pillar of the Community United States 505 Posts	Posted 09/14/2009 12:03 am Oh...and Welcome to the forum Report this Post to the Staff
phoyce New Member United States 2 Posts	Posted 09/14/2009 12:16 am Frazzle, I appreciate the quick response and the link you provided. I was afraid that's what had happened. As far as selling these coins, what would you recommend? Should I go talk to local coin dealers? ebay? Coin sites? Thanks again for your help. Report this Post to the Staff
adco1149 Valued Member United States 147 Posts	Posted 09/14/2009 12:18 am Checking recent completed listings on ebay shows that a couple have sold recently for a little over $1600. This is for the proof quality (shiny in original velvet clam shell case). So at least not going negative on the deal. Edited by adco1149 09/14/2009 12:19 am Report this Post to the Staff
Frazzle Pillar of the Community United States 505 Posts	Posted 09/14/2009 03:46 am Phoyce...check the completed auctions on ebay for what similar coins to yours have sold for....That will give you an idea of what theyre truly worth! Then you can try to either sell them on ebay or talk to your local dealer,just be aware that ebay fees are high and dealers wont pay full price...GOOD LUCK Report this Post to the Staff
novillero Valued Member United States 290 Posts	Posted 09/14/2009 11:00 am I agree, if going with e-bay. Watch several auctions and check their sales prices. You also have to determine if it is a proof coin. While you may want to visit a dealer for his opinion, you will most likely get low-balled. Also coin sites like this, or more specific bullion sites may be the way to go too. Check out APMEX, which has a 1990 proof gold eagle, for sale, graded to top grade - 70 for $1695. https://www.apmex.com/Product/19370...CAM_NGC.aspx if it is a proof coin - DO NOT TOUCH THE COIN. Report this Post to the Staff
	Replies: 6 / Views: 2,361

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