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Could You Help US With Double Eagles, Please?

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New Member

United States
8 Posts
 Posted 04/02/2007  3:20 pm Show Profile   Bookmark this topic Add Marie to your friends list Get a Link to this Message Number of Subscribers
Hello everybody,
My dad inherited $20 gold double eagles and St gaudens. 37 of them. The problem is that he lives in France where they will only buy them at the price of gold ( about $700 ). The coins range in dates from 1858 to 1927.
He wanted to come and visit us, give us some of the coins and sell the rest. But the french government wants him to pay fees and taxes on the coins if he wants to get them out + the price of an airplane ticket. And we don't know the real value of the coins...I looked on the internet and bought the blue book and it seems to me that some of these coins might be worth a lot more than $700. They have never been circulated, never touched and are packaged in between 2 bands of plastic. My dad mentionned that there also seems to be a protective coating of some sort on the coins.
Unfortunatly he hasn't been able to take good pics of them.
I know that without pics it is very difficult to tell but could someone give us a price idea?
Basically, is it worth it to pay $6000 for an airplane ticket + fees of 7% on the value of the coins or shoud he just sell them in France at the price of gold?
Thank you very much for your time
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scoutjim99's Avatar
United States
4589 Posts
 Posted 04/02/2007  3:41 pm  Show Profile   Bookmark this reply Add scoutjim99 to your friends list Get a Link to this Reply
Basically, is it worth it to pay $6000 for an airplane ticket + fees of 7% on the value of the coins .

It might be worth it, price ranges would all depend on the Specific years and Mintmarks of the coins as well as condition. So Sorry this a hard question to answer for an example of how hard it would be to estimate price range with out pics or info. here is the example 1866 in Vf $750. but in Ms-63 uncirculated condition it would roughly go for $32,000. or say a 1870CC (Carson city Mint)
in Vf or Very fine condition goes for $135,000. or in MS-60 condition $600,000.
so you see that is a hard estimate maybe if you could get the info atleast of of each coin year and mintmark. we could get Some Ranges atleast.

also Maybe it would be cheaper to hire a photographer to photograph the coins and then you could send photos to all the major dealers in america or where ever and they will pay for their own ticket to purchase them --m just an Idea


Also bottom line average for the double eagles in Vf is maybe about $615 apiece and $625 for the Saint Gaudiens
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scoutjim99's Avatar
United States
4589 Posts
 Posted 04/02/2007  3:43 pm  Show Profile   Bookmark this reply Add scoutjim99 to your friends list Get a Link to this Reply
good luck!!
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 04/02/2007  4:37 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Welcome to Coin Community, Marie.

If these coins have not seen circulation, every single one of them is worth at least $700, some much more than $700, and undoubtedly some are worth significantly (add a zero, at least) more than that. The very most common Liberty Head and Saint Gaudens Double Eagles, 1904 and 1928 respectively, are worth $700 in the lowest-quality Uncirculated condition. The price goes up from there.

You mentioned an 1858 coin. They were minted at three different mints (look for a mint mark below the eagle on the reverse, either none (Philadelphia), O (New Orleans), or S (San Francisco). There are fewer than 40 known Uncirculated examples from Philadelphia, about 25 from San Francisco and only 4 from New Orleans. If this coin is Uncirculated and undamaged, you can expect a substantial five-figure return from it alone.

So, upon what value is the French government going to place that 7% tax on? The local-sale value, at $700 per coin as you mentioned? If so, it is absolutely worth your while to pay it and get them to the U.S. where the ones you wish to liquidate can be disposed of in a venue where they will generate the best possible price. Here in the U.S., that will very likely be Heritage Auctions, who are the largest rare-coin auctioneer in the country.

First things first. For now, stop, think and do a little learning. Go to the Heritage Coins website:

http://coins.ha.com/

You can register for free, and get access to their database of over one million completed auctions. It's the single best resource on the Internet for determining a coin's true market value.

Then, learn a little about how to grade coins. You don't need to become an expert today, but it will help you immensely to have an overview of coin grading standards. I can recommend two places. First, go here for a quick overview of grading standards:

http://www.acoin.com/grading.htm

Second, optionally, go here for a much longer course, which will set you up with as much information about grading as you can possibly use before actually holding coins in your hands to grade:

http://www.coingrading.com/intro1.html

Third, wander over to PCGS for an overview of the Third-Party Grading ( TPG) process - there are only four or five reputable TPG's, dozens of less-than-reputable ones, and I highly recommend you invest in having these coins graded. Here's what the TPG game is all about:

http://www.pcgs.com/aboutus.chtml

Above all, be aware that you are dealing with a process which, done wrong, could possibly mean the loss of value equivalent to the price of a small house. Do not feel any sense of haste - these coins are gaining in value every day.

As a preliminary step, you can compile a list of dates and mintmarks. Here's all you need to know about both types of Double Eagles you're concerned with:

http://www.coincommunity.com/coin_h...ad_type1.asp
http://www.coincommunity.com/coin_h...ad_type2.asp
http://www.coincommunity.com/coin_h...ad_type3.asp
http://www.coincommunity.com/coin_h..._gaudens.asp

According to your wishes, you could either provide that list here in the forum for public comment on values, or privately contact either the Forum owners, Susanlynn9 and Bobby131313, or myself or one of the other moderators, and we'll be happy to help you work through what needs to be done.
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ageka's Avatar
Belgium
2078 Posts
 Posted 04/02/2007  4:42 pm  Show Profile   Bookmark this reply Add ageka to your friends list Get a Link to this Reply
France is in the European Union
There are no more frontiers in this union
France is the only country having taxes on gold in the European Union
A lot of French people come to Belgium to buy and sell gold (coins)

Here is the price you will get for double eagles

http://www.gold4ex.be/servlet/javap...or_new&lg=nl


On the other hand the legislation of the european union allows you to export with the intent to reimport
So you can send the coins with a customs receipt to be slabbed by a good third party grader and to be reimported after slabbing without paying any taxes.

However if the coins are any good and you post them on ebay germany you will get a fair price

Good luck
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ageka's Avatar
Belgium
2078 Posts
 Posted 04/02/2007  4:54 pm  Show Profile   Bookmark this reply Add ageka to your friends list Get a Link to this Reply
PS
on the airoplane ticket I do not understand
an irrevocable tourist ticket week or fourteen days return to new york Apex or Pex
out of season should be less then 1500 euro
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hunter20ga's Avatar
United States
1173 Posts
 Posted 04/02/2007  4:54 pm  Show Profile   Bookmark this reply Add hunter20ga to your friends list Get a Link to this Reply
Great advice, SuperDave and Ageka! Marie...best wishes with the liquidation of these coins.

New Member
United States
8 Posts
 Posted 04/02/2007  10:00 pm  Show Profile   Bookmark this reply Add Marie to your friends list Get a Link to this Reply
Thank you, thank you!
You have all been very helpful, from your best wishes ( thank you hunter20ga ) to the advice and links. I'm going to check all of those links tonight, call my dad tomorrow and ask him about any mint marks.
He says the coins all look like they have never been used but surely they were not using plastic in 1858 to package them. Also, what could be the coating on the coins?
Ageca, you are absolutly right for the price of an aiplane ticket...I'm afraid numbers are tumbling in my head
SuperDave, I'll definitly come back when I have a bit more info. Great links and info!
ScoutJim, the professional photographer is a great idea...I'll definitly suggest that!
You know, I remember the times when I was little when I was playing with my cousins with ancient roman coins that the neighbor had dug up in his field ....I wonder how much they were worth!
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biokemist6's Avatar
United States
12437 Posts
 Posted 04/02/2007  11:36 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
quote:
Also, what could be the coating on the coins?



Hello Marie and welcome to the forum!
It is possible that the coating could be a lacquer. Although it is unadvised nowadays, collectors in years gone by would sometimes apply a layer of lacquer to their coins as a method of preservation. This was especially prevalent with old copper coins.
Edited by biokemist6
04/02/2007 11:36 pm
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scoutjim99's Avatar
United States
4589 Posts
 Posted 04/03/2007  3:31 pm  Show Profile   Bookmark this reply Add scoutjim99 to your friends list Get a Link to this Reply
Great advice everyone!!
New Member
United States
8 Posts
 Posted 04/04/2007  5:25 pm  Show Profile   Bookmark this reply Add Marie to your friends list Get a Link to this Reply
All right, here is a list of the coins that have a mint mark... what do you guys think?
1867 S
1883 S
1888 S
1895 S
1903 S
1906 S
1925 D

Here is the list of the coins without a mint mark, which from what I read means that they were from Philadelphia:
1858
1877
1878
1879
1882
1883
1884
1893
1894
1897
1900
1904
1908
1924
1927

My dad says that none of them look like thay have ever been used. All are very shiny except the older ones although my dad says that it looks like they just need to be polished ( which I told him not to do! ). My dad cannot see any scratches or marks. Biokemist6, thank you for your answer. It must be it, because these coins have been bought as a collection in a canadian bank about 50 years ago...
Valued Member
edix's Avatar
United States
270 Posts
 Posted 04/04/2007  6:19 pm  Show Profile   Bookmark this reply Add edix to your friends list Get a Link to this Reply
1867 S
1925 D
1858
1882
1883 is proof only -- mintage 92
1884 proofs only - mintage 71

These dates/mints listed above would seem to be particularly valuable.

Most of the other dates would average something slightly above melt value in Brilliant Uncirculated condition.

But check those more rare dates again, since the 1884 only has about a dozen currently known to exist of the original mintage. It would seem against the odds that you actually possess such a rarity -- two in fact!
Edited by edix
04/04/2007 9:49 pm
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scoutjim99's Avatar
United States
4589 Posts
 Posted 04/04/2007  11:04 pm  Show Profile   Bookmark this reply Add scoutjim99 to your friends list Get a Link to this Reply
I hope they are real
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edix's Avatar
United States
270 Posts
 Posted 04/04/2007  11:10 pm  Show Profile   Bookmark this reply Add edix to your friends list Get a Link to this Reply
I agree.
Then we could tell the world it was found right here.
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Learjet's Avatar
Australia
655 Posts
 Posted 04/05/2007  02:29 am  Show Profile   Bookmark this reply Add Learjet to your friends list Get a Link to this Reply
If real it is truely an awesome collection.

If it was me, I'd keep them. At least some of them.
New Member
United States
8 Posts
 Posted 04/15/2007  5:35 pm  Show Profile   Bookmark this reply Add Marie to your friends list Get a Link to this Reply
Well, it took me long enough to come back! Here is what I found:

1867 s would be worth $9000 for an ms 60. Why isn't there a higher grade? Were they just not made in a higher quality or they just never found them?

1925 D $6250

1858 $22000

1882 $ 85000

1883s $5300

1884 $3750 (my dad says that there could be an "s" on that one.

Do you think that, providing they are in very good condition, it would be the kind of prices that collectors would actually pay for them or should we expect lower prices?
Also, if it was you and that you could choose 4 coins in the whole list to keep for yourself...which one would they be?

Thank you very much for your help!
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