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Inherited Coin Collection Gold Coins

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Voltron's Avatar
United States
8 Posts
 Posted 11/30/2017  4:35 pm Show Profile   Bookmark this topic Add Voltron to your friends list Get a Link to this Message Number of Subscribers
New to the community. Amateur here so looking to get some advice. inherited some precious coins including 5 gold pieces. If selling in the future, is it worth getting sent into PCGS? Anything special here? Thanks for looking!

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Inherited-Coin-Collection-Gold-Coins
Inherited-Coin-Collection-Gold-Coins

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BigSilver's Avatar
United States
2843 Posts
 Posted 11/30/2017  4:43 pm  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
Amazing collection to inherit. Worth a considerable amount in gold alone.
All common dates, with the exception of the last one. 1845 $5 is a better date.
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moxking's Avatar
United States
17900 Posts
 Posted 11/30/2017  4:50 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
For best return sell them as is to a knowledgeable buyer. If you have a local coin shop, that would be the first place to get an offer.

All of these are unquestionably authentic in my opinion, and a buyer who knows what to look for doesn't need a TPG to tell them what is good gold.

TPG is necessary if you are selling on ebay, as example, but you won't gain your TPG costs back.
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Mark1959's Avatar
7234 Posts
 Posted 11/30/2017  4:55 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list Get a Link to this Reply
This is like deja vu all over again!
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Voltron's Avatar
United States
8 Posts
 Posted 11/30/2017  4:59 pm  Show Profile   Bookmark this reply Add Voltron to your friends list Get a Link to this Reply
Yeah, had posted in new members. New so posted here too to get some opinions. Don't know how many regulars check in on new member forum... Guess that's frowned upon. My bad.
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basebal21's Avatar
13014 Posts
 Posted 11/30/2017  4:59 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
The authentication from PCGS would be helpful for selling the gold. Doesn't hurt to get offers from a local shop but without knowing what shops are around you some are more fair than others when dealing with these situations
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Coinfrog's Avatar
United States
94367 Posts
 Posted 11/30/2017  5:08 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Not sure I agree given the overall cost of submission. These are common dates and some appear cleaned. I would go to a couple of local coin shops and take the best offer.



to the CCF!
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thecoinguy1964's Avatar
United States
1307 Posts
 Posted 11/30/2017  6:38 pm  Show Profile   Bookmark this reply Add thecoinguy1964 to your friends list Get a Link to this Reply
Very nice inheritance, I've never inherited a single coin, little less gold coins. I'd buy them in a heartbeat.
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bandsdean's Avatar
United States
2125 Posts
 Posted 11/30/2017  7:09 pm  Show Profile   Bookmark this reply Add bandsdean to your friends list Get a Link to this Reply
Love the $20.00 gold!
Valued Member
United States
467 Posts
 Posted 11/30/2017  8:11 pm  Show Profile   Bookmark this reply Add oober to your friends list Get a Link to this Reply
You should flatten those staples out.
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oriole's Avatar
Canada
5239 Posts
 Posted 11/30/2017  8:38 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
You certainly do not need authentication from PCGS if you are selling to a coin shop. Any reputable shop can look at it and give some simple non damaging tests, and prove to themselves whether it is authentic or not.
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paralyse's Avatar
United States
12057 Posts
 Posted 11/30/2017  9:08 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
Having them graded by PCGS or NGC would improve their resale value in the event you decide to sell them, and also give dealers and buyers more comfort in purchasing them, making for an easier sale that will bring more money. There is no legitimate reason NOT to slab these coins considering their numismatic value; if for no other reason, to protect them against damage. Gold is a soft metal, and that flimsy paper and plastic 2x2 isn't much defense against anything. This is several thousand dollars worth of gold, and it deserves to be treated as such. If someone wants to crack them out later, that's the buyer's choice.

If you try to sell them raw to a dealer, expect to be lowballed by quite a bit, since he or she would then have to absorb the grading costs themselves, and would incur greater risk in the purchase. Learn how to grade them (PCGS Photograde is a good start) and then use resources like NumisMedia FMV to learn approximate market values, so that you have at least a rough idea of what your coins are worth.

Whatever you do, don't clean them, rub them, wipe them, "test" them, or do anything else to them. DO flatten the staples ASAP.
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Valued Member
United States
65 Posts
 Posted 12/01/2017  12:22 am  Show Profile   Bookmark this reply Add lmwstamps to your friends list Get a Link to this Reply
I agree with taking them to an LCS. Many shops ate more than willing to give an honest appraisal and/or offer. You don't have to accept the offer but they might be able to tell you if any have a numismatic premium.
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Debrajc's Avatar
United States
4211 Posts
 Posted 12/01/2017  07:12 am  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
and nice collection to inherit!
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United States
20753 Posts
 Posted 12/01/2017  08:54 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Contrary to lots of other opinions, I am against a local coin shop. Almost all have great overheads and need a large profit margin. This means you get the lowest possible return if trying to sell. And yes, it would be in your best interest to have them graded. Way to many fakes out there and as a raw coin, to many possible buyers are just to worried yours could be fakes and offer a really low price. If slabbed by a TPGS, that should help hold the prices to as much as possible. Look up coin shows in your area and go to them. At a coin show you would see and meet many dealers and they could give you more info and possible the best price for those.
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edweather's Avatar
United States
7375 Posts
 Posted 12/01/2017  09:26 am  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
I agree slabbing is the way to go, it provides greater protection for you. Then, if you have to sell, and ship them in the mail or something, a potential buyer can't swap them.
Edited by edweather
12/01/2017 09:27 am
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