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 Replies: 7 / Views: 1,414 |
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New Member
United States
5 Posts |
I have a couple of gold coins from my childhood coin collection and I think the time has come to sell them. They've been in my closet for 60 years. I don't know much about the coin market today, so here are my questions: 1) Are these coins good enough to have graded and encapsulated? 2) Will I get a better price if the coins are slabbed and graded? 3) Are they good enough to sell at auction or is there a better way to go? These are pretty basic questions, but they reflect my lack of knowledge.     |
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Valued Member
United States
159 Posts |
Getting these coins graded and encapsulated will guarantee authenticity. It could be helpful in selling them because the buyer the confidence in knowing they are authentic. Generally for me I will pay more for a slabbed coin that I feel has an accurate grade, and so will many others. If I were you I would do it. The big 3 grading companies are PCGS, NGC, and ANACS. Since you are doing this as a one time thing, I would send them to ANACS because you don't have to pay a membership fee, unless you decide to pick up this great hobby.  You could sell these at auction, but auction commissions can be high so watch out. I personally like to sell on ebay. Edit: I forgot!  Edited by coinsandcoins32
02/24/2013 08:54 am
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Rest in Peace
United States
7075 Posts |
 There are many who really dislike slabbed coins. But most of us don't get to see enough gold coins to really study them and the world is full of fakes. So if you decide to sell them on ebay, it would probably be a good idea -- especially if you don't regularly sell on ebay and therefore you would have no approval rating. I think some auction houses require the buyer to pay the fees so you could check out a site like Heritage Auctions and see what's going on there. I think your coins are in great shape and you should have no trouble selling them. You can get an idea of their value on the Numismedia Fair Market Value site. I am reluctant to suggest a grade....but I would say they are AU. Hope that helps. If you have any more questions, just come back. |
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Bedrock of the Community
United States
10982 Posts |
In addition to the above comments I would add that quarter-eagles (what you have) are a bit tricky because they always sell for over melt value (gold value) unless they are severely damaged. This is because of their numismatic value (collectors value). Each of your coins contains $191 worth of gold at today's gold price. I would estimate the wholesale value of each of these coins at $250 minimum with retail being $300 to $350. If I wanted to sell them today, a local coin shop that offered $500 cash would be hard to pass up. You could likely get $650 for the pair on ebay. That would net you about $550 after all fees and your expenses for packing/shipping. I wouldn't have them graded. You'd need AU55 or better grades to justify the cost and neither of them look that strong. Good Luck! |
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Valued Member
United States
50 Posts |
I will agree on some comments, and disagree with others. I collect mostly US Gold Coins. I would have them graded as ANACS will do it for $29 on a 5 day turn around each coin. You will get a grade, but more importantly authenticity in a world where more and more fake indians are showing up. I agree with AU from the initial looks, and I would tell you that you have $600-$650 in the two pieces. Pay the $58.00 and get them graded for piece of mind, and who knows, you might see a nice bump in grade. Nice pieces. I own each graded and love them.
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Valued Member
United States
50 Posts |
I will agree on some comments, and disagree with others. I collect mostly US Gold Coins. I would have them graded as ANACS will do it for $29 on a 5 day turn around each coin. You will get a grade, but more importantly authenticity in a world where more and more fake indians are showing up. I agree with AU from the initial looks, and I would tell you that you have $600-$650 in the two pieces. Pay the $58.00 and get them graded for piece of mind, and who knows, you might see a nice bump in grade. Nice pieces. I own each graded and love them.
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Pillar of the Community
United States
6385 Posts |
Seems to me that US gold coins on ebay usually sell for strong prices even if not graded. I'd probably just check the weights with an accurate scale and take really sharp pictures, then put them for sale at whatever opening bid you consider the minimum acceptable price. Take into account the fees when setting your minimum; they will cut about 9% off your proceeds. That's still better than paying the grading fee, getting the same high bid, and then paying the ebay fee! Both coins are common dates, at least in circulated condition (which these are). Good luck! |
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New Member
 United States
5 Posts |
Thanks to all for the helpful suggestions on my $2.50 gold. When I was a kid (age 10 or so) I carried these coins around in my pocket to show my friends. The 1950s were as simpler time. Wish I had known better. I think I'll get them graded since several of you mentioned the growing number of fakes. Thanks again.
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Replies: 7 / Views: 1,414 |
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Posted 02/23/2013 6:41 pm
