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Replies: 22 / Views: 3,543 |
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New Member
United States
3 Posts |
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Pillar of the Community
United States
6130 Posts |
You have a very nice assortment of US gold issues right there. I think the mods should direct this post over to the US Classics forum for the proper assessment, but your coins range from VF-AU, which puts the value in the thousands of dollars. I would normally caution against fakes, but none of your coins seem to be outright phonies to me.
That is quite the inheritance--I assume that your grandfather saved these from the 1933 gold recall legislation to be passed down.
E: Here's a breakdown of what you have and approximate value:
1907 $20: ~$1,500 1907 $10: ~$800 1900 & 1898 $5: About $350 each 1911 $2.50: About $250-300 1878 $3: About $800-1,000
So, grand total, you are looking at somewhere around $3,500-$5,000.
Edited by Finn235 08/11/2015 3:00 pm
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Rest in Peace
United States
17900 Posts |
As Finn235 mentioned, these all appear to be genuine gold issues. At the very least they will be worth gold spot value plus numismatic value which should add up to several thousand dollars. The 3 dollar gold piece, even though it is a common date, is still worth several times gold value only. Usually the first thing I would suggest to a non-collector that has gold coins such as those you present would be to have them authenticated and graded by an independent company (what we call TPG's = Third Party Graders). But none of your coins give even a hint of falsity, so I don't think spending the money to have them authenticated would be necessary. Since you live in LA, if you are looking to sell these, there are a number of reputable coin dealers who would probably make you a fair offer. I would suggest getting at least 2 and preferably 3 offers before selling. If you are not interested in selling and would like to keep these as remembrances of your grandfather I applaud you and perhaps you might even decide to add to your collection as you are able. In any event, when we see a question like yours, we usually don't see great coins. You have great coins.
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Pillar of the Community
 United States
5828 Posts |
I'll give you $5 for these! Just kidding, but seriuosly... think about it...
These are US gold issues, worth alot of $$$
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Rest in Peace
United States
4078 Posts |
Where are the CCF manners? Ltglawa,  to CCF. As the members pointed out you have a nice collection of gold coins. You need to verify each coin at a local coin store that deals in coins. Not a "We buy Gold" place but a coin store that has been around for a number of years. With this post some CCF members can help you out for a good store in your area.
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New Member
 United States
3 Posts |
Wow that's great news! I actually live in Orange County. Do you guys think a coin store would be better than ebay? Any oc recommendations would be great. Thanks again !
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Valued Member
United States
177 Posts |
Hi, Itgiawa, and  You could sell them on ebay, but if you decide to do that, you should follow moxking's advice and have them graded/authenticated by a service such as PCGS, ANACS, NGC, or ICG. While you can sell ungraded (what the business calls "raw") coins on ebay, you would not get as much as you would if they were graded. And ebay only allows the grades and photos of the "slabs" (plastic holders) from these four services to be included in their listings. A local coin store would probably pay about the same amount for ungraded coins as they would graded coins, so you would not necessarily need to have them graded. Also, you would get cash on the spot, if you need to sell them fast. BUT - dealers will only pay up to a wholesale price, since they will in turn need to make a profit when they resell them. You might hear this referred to as the "gray sheet bid price" or simply "bid." ebay buyers, on the other hand, generally want them for their collections, so they will pay closer to market price (or "ask") than a dealer would. So it basically depends on how quickly you want to sell them vs. how much you want to get for them. Fast = local coin store (called "LCS" here). More money = ebay (after having them graded)
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Valued Member
260 Posts |
Send them to PCGS or NGC. But don't try ANACS because the coins don't sell well.
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Pillar of the Community
United States
2077 Posts |
That's a nice pile of gold. Gold is a bit depressed right now, so unless you could use the cash now, you may want to hang on to them.
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Valued Member
United States
73 Posts |
You would also have to factor in ebay and paypal fees if you go that route. I was definitely not expecting to see those coins when I entered this thread. Very nice collection indeed! Personally, I would keep them, as you don't run into these coins that often. Would it be possible to get individual pics of these coins to increase the drool factor! :P
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Pillar of the Community
United States
2233 Posts |
Those are nice gold coins you have there!
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Pillar of the Community
United States
8515 Posts |
 ...Double Eagle... 
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
7613 Posts |
Nice coins! Unless you are in desperation mode for cash you should hang on to them....just like your grandfather did!
(I define "desperation" as avoiding foreclosure, avoiding repossession or extreme medical necessity! Desperation is not new bling, a new cell phone, trip to Europe or a new car!)
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Valued Member
260 Posts |
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Valued Member
United States
171 Posts |
Those are some keepers!! If at all possible. Plus do not try to "clean" them to try and make them look better. And please don't touch the surfaces only handle by the edges. As have others have stated I would seek out someone to help you get them to PCGS or NGC this to also protect the coins.
Welcome to the CCF
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Valued Member
United States
156 Posts |
what streg said. Dont clean them. Dont touch the surface.
You should probably put them in some kind of protective holder. I will let others weigh in on what is the best type holder for these, as I am not an expert in gold coins.
Very nice coins btw, and welcome!
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Replies: 22 / Views: 3,543 |