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 Replies: 34 / Views: 5,125 |
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New Member
United States
8 Posts |
I got this from my grandfather who passed away recently. Had no idea he would have something so valuable. I need advice on what I should do to get top dollar for this coin. I have everything this coin came with, Box, Gold paper inserts, Cert of Auth, even the original box it was shipped in from West Point and even a paper that indicated that he got the coins first but no box, and the box would arrive shortly thereafter. It has been stored in a temperature controlled house since purchased, has been stored in a closet and looks brand new. I was seeing on ebay that I may be able to fetch around 7-8 thousand dollars for an ungraded set. The guy at my local coin shop offered me $5,500 on the spot. However I also noticed that if I had it graded and it got a perfect grade of 70 that it could be worth 50-80 thousand. So what do I do? What are the chances it would receive a perfect grade? What Grading service would I use? Is it possible that someone will pay more than 8 thousand for the ungraded set? Any other relevant info I might want to consider? |
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Pillar of the Community
United States
7191 Posts |
Sorry for your loss of your Grandfather. Obviously the key to this set is the 1995 W silver eagle. You could take the chance and send the silver eagle to PCGS the top grading service but most likely it will be a Proof 69 (they are pretty stingy on 70's). It is the premier set for the collector of American silver eagles, if someone is looking for the one coin then they most likely have the means for the whole set so I would keep it together.
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Pillar of the Community
United States
5829 Posts |
If the dealer is an authorized ANA dealer, they can submit the set to get it graded. I think either PCGS or NGC, it would offset you around few hundreds if it comes back MS-68 or 69, but the cost would be worth it if it does come back in MS-70. |
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Pillar of the Community
United States
7840 Posts |
 $5,500 on the spot, you could take a gamble with ebay (it would need to sell for roughly $6250 taking into consideration the fees and postage to collect $5,500), or have them sent in for certification...or you could keep them.  It would depend on how fast you want/need the money. Condolences on your loss. Edited by oih82w8
11/01/2013 4:01 pm
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Pillar of the Community
United States
7618 Posts |
If my Grandfather left me something like that the LAST thing I'd do is want to sell it (unless I was desperate and needed the money for life saving ingrown toenail surgery!)
Seriously, I think I'd keep it. Stabbing it will run close to 250$ and you'll probably end up with a bunch of pf 69's. Whatever you do, hang on to all the original packaging cause when you do go to sell it the next buyer will want an original set with box and COA's.
Your grandpa was thoughtful. Sorry for your loss.
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New Member
 United States
8 Posts |
Thank you for all your responses so far :) Besides this coin set we estimate that he had about $10,000 or more in coins. Mostly circulated pre 64's, some CC Silver Dollars and tons of other mint sets. We will be keeping most the silver, this piece so far has the most value, would be nice to sell to help start a business I've been wanting get into.
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Pillar of the Community
United States
1903 Posts |
Instead of selling it, why not use the coins as collatoral for a bank loan, assuming your business does well, you get to keep the coins.
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Pillar of the Community
United States
7618 Posts |
The last thing I'd wanna sell would be the 10th Anniversary Set to start a business. If you need cash to start a business sell the common circulated 90% silver crap. You can always recover that kind of stuff. Original sets are hard to come by. Good luck with whatever you decide to do.
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Pillar of the Community
United States
2651 Posts |
I can see why someone would sell them if they were not into coins. I will say you should look at this as an investment. They will keep gaining value overtime.
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Pillar of the Community
United States
2311 Posts |
I disagree with some here.
If you got other coins, who said's you can't sell a few? If you want to gamble, go ahead, but don't expect to win.
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Pillar of the Community
United States
1053 Posts |
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Pillar of the Community
United States
2543 Posts |
Welcome to the community. Sorry for the loss of your Grandfather , he was, as a collector, a man after our own hearts . I think you have come to both the right place and the wrong place for advise. This set is the " Holy Grail " for all ASE collectors. The thought of someone inheriting this set and then wanting to flip it for quick cash to persue other interests is something that most find not in keeping with what we would ever do, had we the good fortune of having a grandfather who was a collector such as yours. If it was mine, I would hold on to it until my grandkids and their grandkids could inherit it. You are going to get a lot of that advise here. On the other hand numismatically, this set means nothing to you. It is a very very sentimental , generous gift of cash from your grandfather. Some of us can understand the non collector's goals with this set also. If this set means nothing to you, by all means sell it. There are only 35,000 of these sets , sell it to someone who will enjoy it, covet it and keep it forever. The last one that went for auction at Great Collections, went for $6500 if you minus fees, you are starting to get close to your coin shop offer of $5500. For quick cash and letting everyone else do all the work to make a greater profit, $5500 isn't bad. This is not the type or priced item that is going to move quickly or easily for a maximum profit. |
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Pillar of the Community
United States
2311 Posts |
I was thinking about the coins so much I forgot to say, Sorry for the loss and to CCF! How much were the sets when they came out? |
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Bedrock of the Community
United States
17884 Posts |
As for what your odds are at getting 70's, look at the population reports and see what percentage of all the coins for each 1995-W denomination receive 70's and then consider that most of the coins sent in were first examined and only those that they thought had a good chance at getting a 70 were actually shipped. In other words only those that they thoght had a good chance at getting a 70 were sent in, and what percentage of THOSE actually got it.
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Bedrock of the Community
13014 Posts |
I would join pcgs and send it in myself. Its definitely worth the chance with such a huge payoff and even with 69s you should still do just fine and would have the option of parting it out selling one at a time.
I would NOT trust letting a dealer send this in for me and would do it myself.
Condor is right the chances of it being a 70 are miniscule. However if you cannot find anything on the coin that would make it a no brainer that it isn't I would certainly be willing to risk the 200 dollars grading them all would cost on the slim chance of getting back a 10s of thousands type gain.
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Pillar of the Community
United States
8137 Posts |
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Replies: 34 / Views: 5,125 |
Posted 11/01/2013 3:04 pm
