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Replies: 14 / Views: 1,705 |
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New Member
United States
1 Posts |
My father passed away and I found some coins he had collected through the years. One of them was this 1908 No Motto $20 St. Gaudens MS67 and it was graded by PCGS. My mom is in need of money and I would like to try to sell this coin for her, but I am not sure how much I should ask and where is the best place to sell it. The value on the PCGS and NGC websites are very different and I am not sure what to do.
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Pillar of the Community
United States
7390 Posts |
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Pillar of the Community
United States
8137 Posts |
 to the forum! Can you try and post pictures of the coin?
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Pillar of the Community
United States
7840 Posts |
My sympathy on your loss of your father. Images would help greatly. "Eye appeal is buy appeal".
Edited by oih82w8 03/17/2015 11:43 am
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Pillar of the Community
United States
604 Posts |
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Moderator
 United States
23522 Posts |
Welcome to Coin Community, willi922. Given that your coin is in a PCGS MS67 slab, images are less necessary because we can intelligently discuss value in the marketplace which is mainly derived from that slab. This coin belongs in a major sale via dedicated auction house. There are a few good candidates in the hobby. Similar coins in similar sales have realized around $6000 within a range of say $500 each way. That price includes the Buyer's Fee from the auction house, which you won't see. There may or may not be a fee on the seller as well; differing houses have differing fee structures. Plan, at least, on needing a few weeks for this. This is a very liquid coin in the marketplace. A local dealer who knows this market might be willing to give you a price closer to retail than he might otherwise, knowing it would be a quick turnover. I would be hesitant about a venue like ebay unless you are an established seller. They're too volatile for a coin of this quality. The most important takeaway here is that research and a bit of patience on your end will reward you with the best price. The corollary is also true - there are some who will cheerfully rip you off, and they will look reputable. With that in mind, we'll happily address any questions we might generate.
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Valued Member
United States
291 Posts |
Sorry for your loss. Dave gives solid advice. What other coins have you come across? Depending on value (it seems logical that a collector with a MS67 Saint might have other valuable coins), it may be beneficial to you and your mother to package a group of coins together for sale at the auction house for a reduces seller's fee.
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Pillar of the Community
United States
7390 Posts |
If you decide to consign to a major auction house NEGOTIATE! With coins of this stature you should be able to get full hammer price. (The auction house would consider the buyers premium as their fee)
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New Member
United States
33 Posts |
So far everything I've read by Super- Dave's posts are really informative. Seems like he knows what the dealio really is.
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Pillar of the Community
United States
1388 Posts |
 Condolences for the loss of your dad. Pics of the coin would help; otherwise, SSDD was dead on. As always. 
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Pillar of the Community
United States
7624 Posts |
Sorry for your loss and sympathy to all of your family.
You have a very marketable coin as long as it remains in that PCGS 67 holder.
Take your time, listen to all offers and negotiate the auction terms (if that is the route you decide to go with).
The object of the game is to maximize the money for your Mom. Stay focused with that in mind.
Good luck!
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Moderator
 United States
23522 Posts |
Cascade, the scale of things here might astound you. Heritage alone moves some $800 Million per year in coins, and they are one of a few good choices. One would want to be consigning a large dollar value - into six figures - to expect significant concessions from them. That said, a place like Heritage will provide an audience including folks who would snag a coin like this for the investment value.
If I'm spending my own money or advising you on how to spend your money with gold as the goal, and writing checks this large, MS67 Saints would be one of my first two recommendations. The coin being discussed here is quite liquid, to say the least. It'll attract an audience.
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Bedrock of the Community
United States
10982 Posts |
 Sorry to hear of your loss. I would consider sending it to CAC before auctioning. Any major auction house can submit to CAC for you and it can double the value or more. MS67 1908 No Motto Saints are common with prices ranging from $4000 to over $10,000 depending on how good it really is. One without a CAC sticker recently sold for $4100 netting the seller about $3000 and another, with a CAC sticker, sold for over $10,000 netting the seller $7500. Here's some examples: http://coins.ha.com/itm/saint-gaude...Lot=1x=0&y=0http://coins.ha.com/itm/saint-gaude...Lot=1x=0&y=0
Edited by BH1964 03/17/2015 9:49 pm
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Bedrock of the Community
United States
17884 Posts |
Quote: If you decide to consign to a major auction house NEGOTIATE! With coins of this stature you should be able to get full hammer price. Hardly, the value of that coin gets you into the minimum consignment value range. As superdave says in order to get any real negotiating level you'll need a six figure or better consignment.
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Pillar of the Community
United States
7390 Posts |
My bad, I was remembering that mule on ccf that went to stacks which didn't sell for his reserve of 7000ish nit long ago. He said he got them to take the consignment for BP only?... Now please excuse me while I go eat a big bowl of crow for breakfast:~(
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Replies: 14 / Views: 1,705 |
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