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Advice On Selling Gold Austrian Coins In New York?

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New Member

United States
41 Posts
 Posted 03/16/2015  2:33 pm Show Profile   Bookmark this topic Add ccarroll to your friends list Get a Link to this Message Number of Subscribers
I'm a newbie hoping I might get lucky with some suggestions here.

I have a few gold Austrian coins I was hoping to sell. The most notable is a 4-ducat piece from 1900. I ventured to a big coin show here earlier in the year, but got misled with some not-exactly-real-offers. Now I was hoping to try and sell them locally, but although there are a lot of people claiming to be for numismatists, they're really only buying for the melt-down value of the gold.

I've also tried to track down coin collector groups, with no success. They seem very secretive and unresonsive. On top of that, I'm avoiding internet transactions. I'm happy to post on Craigslist and let anyone meet in person to see the coins, but I don't do ebay and such.

Any suggestion?


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jdmern's Avatar
United States
1949 Posts
 Posted 03/16/2015  2:39 pm  Show Profile   Bookmark this reply Add jdmern to your friends list Get a Link to this Reply
Based off of your criteria, I would suggest an auction house such as Heritage or Stacks Bowers...

By limiting yourself to a small geographical area in an already specialized field (world numismatics), you may be even more disappointed than you were at the coin show...

I personally would suggest selling online yourself, but as you already stated, you don't want to do that...

On a separate side note, I have found the market for Austrian (non-gold) to be quite soft, perhaps there would be a European auction house that would be a good idea for these coins?
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Harmonica's Avatar
Canada
1118 Posts
 Posted 03/16/2015  2:39 pm  Show Profile   Bookmark this reply Add Harmonica to your friends list Get a Link to this Reply
Could you post some picture? Maybe the don't warrant any more then melt. I have no idea what a ducat is outside of reading Hamlet in Grade 10. Condition is everything, eh?

Sorry you have had a bitter experience with numismatic groups, I can assure you what you experienced is outside of the norm.
New Member
United States
41 Posts
 Posted 03/17/2015  1:07 pm  Show Profile   Bookmark this reply Add ccarroll to your friends list Get a Link to this Reply
Thanks for your nice replies.

Jdmern, I had a bad opinion of Heritage and Stacks beforehand, and even worse now. First, I believe they're auctioneers, and at the moment I'm hoping to avoid auctions, for multiple reasons. Heritage happens to be one of the two places that was being deceptive at the show (deliberately, I believe).

Harmonica, thanks, but I'm not able to do pictures. Based on what multiple dealers told me at the coin show, it should be worth more than melt. Apparently there are a ton of 1915 re-strikes around, but not so many 1900 coins like mine. It's not in magnificent shape, but should still be worth a bit more.

I wouldn't say my experience was bitter, just frustrating or irritating. And, sadly, it was with so many people that I fear it is the norm. A few people have said that numismatists are sometimes unhelpful or hostile because they're paranoid!



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jdmern's Avatar
United States
1949 Posts
 Posted 03/17/2015  2:14 pm  Show Profile   Bookmark this reply Add jdmern to your friends list Get a Link to this Reply
Are the coins graded or raw?
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coinworldtv's Avatar
Austria
566 Posts
 Posted 03/20/2015  04:59 am  Show Profile   Bookmark this reply Add coinworldtv to your friends list Get a Link to this Reply
*** Edited by Staff - Please review the rules that you agreed to when you registered. ***
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thq's Avatar
United States
3343 Posts
 Posted 03/20/2015  09:09 am  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
Austrian 4 ducat...a little smaller than a US eagle, and should sell at a premium above melt before 1910.

http://www.ngccoin.com/price-guide/...-duid-114050

Have you shown them to Paul Bosco? I don't know whether he's a potential buyer but he'll have an opinion for sure.He has a lot of interesting foreign coins - I found an 1815 Napoleon there.

http://www.pauljbosco.com

"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
03/20/2015 09:10 am
New Member
United States
41 Posts
 Posted 03/28/2015  4:57 pm  Show Profile   Bookmark this reply Add ccarroll to your friends list Get a Link to this Reply
Well, Jdmern, his is embarrassing. I don't even know what that means, graded or raw. I tolja, I'm a newbie. If that mean, are they in pristine mint condition, no.

Yes, Thq, that's what they told me at the coin show, that since it's 1910, it should be more than melt. I've met Paul Bosco, and I think he's great. He wasn't much interested in this, though.

I was surprised to find at the coin show that American dealers - which I thought would be the most interested in foreign coins - weren't at all.

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The Silver Searcher's Avatar
United States
1388 Posts
 Posted 03/28/2015  5:11 pm  Show Profile   Bookmark this reply Add The Silver Searcher to your friends list Get a Link to this Reply
In coin circles, the word graded means that a coin has been examined, assigned a numerical grade, and usually encapsulated by an established company.

I'm not familiar with very many foreign services, but the three main American ones are PCGS, NGC, and ANACS.

I have seen foreign coins in their slabs.


Quote:
Coinworldtv, sure I'm happy to PM.


FYI, check out the Buy/Sell/Trade rules before continuing with this.

EDIT:
Edited by The Silver Searcher
03/28/2015 5:14 pm
New Member
United States
41 Posts
 Posted 03/29/2015  4:05 pm  Show Profile   Bookmark this reply Add ccarroll to your friends list Get a Link to this Reply
Wow, this seems like a difficult forum design to wrestle with.

Thanks, Silver Searcher. But, hm...it sounds like maybe grading is a service you pay for, like getting an official appraisal on a painting. And I'm not sure I want to spend money on this. This particular coin I did show to Mr. Bosco, and I think he said it would be very fine. It was in circulation at one point, so it's had a bit of wear. I'll look up the places you mentioned, although I don't know what slabs are either. Sorry for my ignorance.

CoinworldTV, I tried to send a PM, but the system said I was too new. Even though I signed up in 2011, years ago! Not many posts, though. Perhaps the system would let you PM me.

Thanks, guys.


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The Silver Searcher's Avatar
United States
1388 Posts
 Posted 03/29/2015  4:18 pm  Show Profile   Bookmark this reply Add The Silver Searcher to your friends list Get a Link to this Reply

Quote:
But, hm...it sounds like maybe grading is a service you pay for


It is. Depending on the value of the coin in question, it may or may not be worth the money.

Since I don't know your situation, ccarroll, please don't be offended by what I'm about to suggest.

You've said you're very low-tech, and pictures of the coin(s) in question are, well, out of the question.

Whatever course of action we advise can be greatly helped by pictures of your coin(s). Is there someone you know who may be able to assist you in taking and uploading pictures of your coin(s) to this site?

This will also be a help if you decide to sell them on Craigslist. I for one wouldn't touch any coin anything on there without an image.
New Member
United States
41 Posts
 Posted 03/30/2015  3:11 pm  Show Profile   Bookmark this reply Add ccarroll to your friends list Get a Link to this Reply
Thanks, Silver Searcher. I figure this one coin is worth somewhere between $500-$1000. I'm sort of in the vicinity of the School of Visual Arts, and I thought maybe I could pay a student $20 to snap a few pictures. But when I look at coin images online, I have to confess that they don't seem to convey much about their condition. Or is it that I'm just not smart enough to notice subtleties?

New Member
United States
41 Posts
 Posted 04/27/2015  8:29 pm  Show Profile   Bookmark this reply Add ccarroll to your friends list Get a Link to this Reply
I think I have a viable image. Experimenting with trying to post it, but not having much luck with the system...

I'm not sure what's wrong, but it keep saying it's dropping the connection.



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ben89's Avatar
United States
73 Posts
 Posted 05/02/2015  12:41 am  Show Profile   Bookmark this reply Add ben89 to your friends list Get a Link to this Reply
without posting pics we cant help give an idea of the grade but if you feel its mostly there then its probably atleast extra fine shap which seems to put it in the price range of 150-200$ above spot going of the kraus catalog. your idea that americans would be interested in foreign coins may be alittle off though. most coin collectors are willing to pay better premium for their residing countries as resell value is always taken into consideration. the only foreign coins in my local coin store in the US are bullion coins and junk bin coins.
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