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 Replies: 18 / Views: 2,436 |
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New Member
United States
5 Posts |
For every year over the last 10 years, my company has given me a 1 oz American Eagle gold coin. I have touched them with my hands so they are not in proof condition but otherwise have never been circulated....I have a total of 10 coins and would like to sell them.
I would like to know what is the best price I should expect to receive over the gold spot price and where should I sell them?
I am located in Tampa, FL.
Thanks in advance....
Anthony
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Rest in Peace
United States
5375 Posts |
You probably now realize that you should have not touched them, so I'm not going to talk about that.
If you only handled them by the edges, it should be fine, but you could get at least 720 for each since the direct from mint price for Unc is about 750 and 790 for proof.
The price discrepency does not seem to be much between the two.
However, it also looks like they're worth more if they are older, so some of the older ones may be close to a thousand : )
Edited by coinguybrian
07/06/2007 10:00 pm
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Pillar of the Community
United States
936 Posts |
Wow, I need to go to work for that company. I would not take less than spot for those, some if auctioned may only bring in spot.
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New Member
 United States
5 Posts |
How do you suggest I sell them? As a lot on ebay? Individually on ebay? or Is there a company that pays top dollar for the gold coins? Thanks in advance... |
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Valued Member
United States
455 Posts |
That is one heck of a nice gesture, "Here employees, I would like you all to have one of these." Like, wow!
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New Member
United States
5 Posts |
Just to clarify, the coins weren't given to all the employees,
only the top sales producers....
I am not saying that to take credit, just clarifying that
the company isn't as generous as you might think....
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Valued Member
United States
459 Posts |
Most coin/bullion dealers would give +/- 5% of the current price of gold. You may realize a little more $$$ on ebay but, IMO it would not be worth the hassle. With a dealer you can get cash/check in hand when you sell. On the bay you may have buyers back out if the price of gold drops. Maybe try to sell a few on ebay and a few to a dealer to find out what works best for you. Perhaps you could also submit the better looking coins to be graded if they merit it? |
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New Member
United States
5 Posts |
Where would I send the better coins to be graded and what is the cost?
How do I handle the fact that I have figer prints on them....?
How much more could I receive if the grade is favorable?
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Pillar of the Community
United States
1952 Posts |
ebay will be a hard sell unslabed. with all the fraud and China fake junk people are (i like to think) getting smarter when buying off the bay slab it and you will get top dollar unslabed may get you about spot though but I think it would be worth the twenty bucks to do it. JMHO Gary
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Valued Member
United States
76 Posts |
$720 seems very optimistic to me. US Gold Eagles often sell for about $25-$30 over the spot price of gold from good dealers. They will buy them back from you for less than that - maybe $10 to $15 over the spot price, which would be about $665 each right now. To me, bullion is bullion - not numismatic. You may find a sucker on ebay, but I wouldn't bother having them graded, etc. Each is basically worth an ounce of gold - EVERY one is uncirculated and basically perfect. Here's a big dealer near me that lists what they buy and sell for, updated daily: http://www.golddealer.com/bullionpage.html |
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Member
United States
3242 Posts |
Dont take them to a coin shop most will give you only 2%-10% over melt!!!!
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New Member
United States
5 Posts |
I don't understand your post: "Don't take them to a coin shop most will give you only 2%-10% over melt!!!!" If ebay (after paypal costs and ebay fees) isn't the best place to sell them and some people are posting don't take it to coin dealers, I think that I am more confused now than ever. Where do I sell these? I saw the one link 2 posts above with a link for a company in California which pays approx $15 over spot. Is that the best I can expect or is there another company which you can refer me to that pays a little more? |
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Pillar of the Community
United States
2254 Posts |
I think I would take some really good pictures and post one on ebay just to test the waters. You can put a reserve on it if you're not adventurous enough. Most auctions will sell for higher money without a reserve though.... You can always put in the listing that you reserve the right to end the auction early just to avoid making enemies if it's about to sell for $300 or something unrealistic. Again, good close pictures will alleviate any thoughts of a counterfeit by the people purchasing, as well as a good return policy. I think it would be worth one shot for sure. To answer one of your early questions, sell them individually, not as one lot. I think you will eliminate a bunch of potential buyers in a lot because the price would take it out of range... Hope this helps. |
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Valued Member
United States
459 Posts |
Dont take them to a coin shop most will give you only 2%-10% over melt!!!!
I was under the impression that "2%-10% over melt" was par for the course? I just checked 13 online buyers and the average offering was 8% over?
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Valued Member
United States
76 Posts |
A big gold dealer (AJPM) is selling Gold Eagles for $677 right now. So why would anyone buy one from someone on ebay for more than that, or even the same as that? I know some people get into bidding wars and do sometimes, but it makes zero sense to me. So I don't see how you could expect to get more than that much when dozens of reputable dealers sell them for about that price. Like I said, you can take a chance that you find an idiot on ebay to pay more than it's worth, but you're paying PalPal fees and ebay fees and possibly dealing with non-paying bidders. Or you can get a guaranteed $666 from CNI. Another option is to build up your post count (with real posts) on this or other forums, and then try to sell them here. See if anyone will give you $720 for them (I won't!). |
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Bedrock of the Community
United States
19935 Posts |
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Replies: 18 / Views: 2,436 |
Posted 07/06/2007 9:57 pm
