| Author |
 Replies: 15 / Views: 1,723 |
|
|
Pillar of the Community
United States
950 Posts |
A friend recently asked me to help her sell her coins and I want to make sure to get her a fair price for them. The dimes, quarters and halves are pretty easy.. I figured melt value for those.. but the dollars and that $10 gold coin arent as simple. The Peace dollar looks cleaned, and the 1921 morgan is pretty common, and as far as I know the 1897 isn't anything special either. I have no idea what to look for with this $10 gold coin however.. I found a few sources online that say it should get between $530 and $550, but I dont want to miss something. What should I expect to get for these?     |
|
|
|
Pillar of the Community
 United States
950 Posts |
There are actually 12 dimes, but I cropped some out. None of them are anything special.
|
|
Pillar of the Community
United States
7390 Posts |
You can sell them auction style here on ccf. She will get a fair price and and you wont have to pay fees and such.  |
|
Bedrock of the Community
United States
94367 Posts |
Good advice! The 1899 is a common date, and with gold in something of a downward spiral, you probably won't get $550 currently. Everything else straightforward. Good luck.
|
|
Pillar of the Community
United States
711 Posts |
Agree on the gold pricing.
Not that I can make an offer, but IF I could offer, I wouldn't offer $550 with gold at around $1100/oz. Probably closer to $500.
Melt value today is $532.12 with gold at exactly $1100.00 now that I look.
|
|
Pillar of the Community
United States
950 Posts |
So, if I were to just buy them from her myself, about $600 for the lot would be fair?
|
|
Pillar of the Community
United States
711 Posts |
Yes that is a fair and friendly price for both parties I would think.
I'd still check the gold coin for authenticity friend or not. She could have been passed a fake without knowing. Just check the weight and diameter of the coin.
Edited by BuckeyeCoinGuy
07/21/2015 5:12 pm
|
|
Pillar of the Community
United States
7390 Posts |
Quote:
So, if I were to just buy them from her myself, about $600 for the lot would be fair? I knew that's what you were thinking  |
|
Bedrock of the Community
United States
94367 Posts |
I absolutely think that is a fair and ethical offer.
|
|
Pillar of the Community
United States
4897 Posts |
$600 for the lot should make you both happy.
|
|
Bedrock of the Community
United States
94367 Posts |
But as the devil on your shoulder, I must remind you that you are simply buying bullion at that price, and will pay some sort of commission when you sell. Which direction in prices are you betting? |
|
Pillar of the Community
United States
950 Posts |
Quote:Quote:
So, if I were to just buy them from her myself, about $600 for the lot would be fair?
I knew that's what you were thinking Naturally.. I would be a failure as a coin collector if I didn't immediately think of keeping them for myself. Quote:
I'd still check the gold coin for authenticity friend or not. She could have been passed a fake without knowing. Just check the weight and diameter of the coin. Good thinking... It seems like an honest coin, and weighs quite a bit, so I would be surprised if it isn't genuine gold. I will weigh it tonight. Quote:
But as the devil on your shoulder, I must remind you that you are simply buying bullion at that price, and will pay some sort of commission when you sell. Which direction in prices are you betting? I dont expect to sell any coins for the next 45 years or so.. by then I'd hope prices would have gone up. If nothing else, I would have forgotten how much I paid for them by then. |
|
Bedrock of the Community
United States
94367 Posts |
If that's how you want to spend your money, putting bullion away for decades, then this is the perfect start.  |
|
Moderator
 United States
23522 Posts |
Stipulating that the Eagle is authentic - I see no real red flags arguing against it - the price is fair and your intent/plans for the coins are intelligent. This is a worthy purchase. However, you're taking a chance on the gold; raw gold is always a risk.
|
|
Pillar of the Community
United States
6370 Posts |
I am 99.999% sure the eagle is real. Counterfeits almost never look that worn and baggy. Weigh it and measure it if you are not sure. If everything checks out, then I am sure the coin is genuine.
|
|
Pillar of the Community
Canada
5417 Posts |
I don't see why this eagle would be anything but real. Nice addition to your collection for sure  |
| |
Replies: 15 / Views: 1,723 |
|
Posted 07/21/2015 4:18 pm
