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Inherited Coin Collection Gold Coins

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New Member
Voltron's Avatar
United States
8 Posts
 Posted 12/01/2017  11:47 am  Show Profile   Bookmark this reply Add Voltron to your friends list Get a Link to this Reply
Thanks for all the advice. I'll start looking at "slabbing" them. Guessing that means putting them into the graded hard cases. Reason for flatting the staples? Potential to scratch through the plastic? Other than being put into these cheap cases, they haven't been handled in over 50 years. I was only aware of one of the $5 pieces. The other had been stored away somewhere by my father. He hasn't touched them since before college I'm sure. They may have been cleaned by an old relative back then, hopefully not. Either way I'll start sending them off one by one.

From the PCGS site, looks like about $30 per gold coin valued a most $3000. Is this the best option or could some be worth more. Any tips for submitting coins for slabbing...?

Thanks for all the help. Happy to share some more. I have a few interesting silver pieces and random ones too.
Pillar of the Community
fioti's Avatar
United States
4212 Posts
 Posted 12/01/2017  12:35 pm  Show Profile   Bookmark this reply Add fioti to your friends list Get a Link to this Reply
I 2nd it, flatten those staples. I cringed when I saw the '80S 5D. The distance between

the ding on her lower neck & in front of her nose, is about staple length.

Scratched plastic, be danged, this is gold.

Think of it in terms, that everytime those 2X2s come in contact, your inheritance

loses value. I had to edit, these are handsome coins I'd be proud to

own. If I were you, I'd be eager to get my post count up.

You don't see an offering of classic gold here often.
Edited by fioti
12/01/2017 12:50 pm
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 12/01/2017  12:58 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
From the PCGS site, looks like about $30 per gold coin valued a most $3000. Is this the best option or could some be worth more. Any tips for submitting coins for slabbing...?


The regular service with the 3k limit should work fine. If one graded way over the max you might get a call about a higher fee but they generally only do it with egregious cases of it being over and since you inherited them they'd be understanding.

When you send them in either use registered mail which is the safest or express mail which would be the second safest.
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afcop13's Avatar
United States
1409 Posts
 Posted 12/01/2017  1:16 pm  Show Profile   Bookmark this reply Add afcop13 to your friends list Get a Link to this Reply
1. My condolences on the loss of your father. 2. Congrats on the very nice inheritance.

Everyone has a different situation, but were it me, I'd probably have a hard time selling those. I would (either way) go ahead with the PCGS route, and as others have said, flatten the staples in the meantime.
New Member
Voltron's Avatar
United States
8 Posts
 Posted 12/01/2017  1:50 pm  Show Profile   Bookmark this reply Add Voltron to your friends list Get a Link to this Reply
Can someone explain the flattening of the staples.... I apologize for the newbie question. Would like to store them the best way possible until slabbed. Thanks!
Rest in Peace
Crazyb0's Avatar
10197 Posts
 Posted 12/01/2017  1:56 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply

Those sharp edges have a tendency to poke through the plastic film and scratch your coin. A single scratch WILL LOWER the grade (TPGed) and will knock Hundreds of dollars in value, for one scratch! Use a pair of pliers, carefully to stay away from edge of coin!

A safer way to keep these are to put in plastic "cointains", individual capsule containers. Handle coins by edge when transferring to a capsule. Get those from LCS or on line.

Edited by Crazyb0
12/01/2017 2:00 pm
New Member
Voltron's Avatar
United States
8 Posts
 Posted 12/01/2017  2:33 pm  Show Profile   Bookmark this reply Add Voltron to your friends list Get a Link to this Reply
Awesome thanks. Will be careful with the staples, not looking to do any scratching.
Valued Member
EarlyTurban's Avatar
United States
383 Posts
 Posted 12/02/2017  08:36 am  Show Profile   Bookmark this reply Add EarlyTurban to your friends list Get a Link to this Reply
Nice group of coins there! If it were me, I'd submit the 1861 $2 1/2 Quarter Eagle and 1899 $20/Double Eagle. While all are what is considered to be "common date", the QE is worth the submission effort because it looks to be a nice, original hi-AU coin. The DE because it's worth the authenticating & also looks to be a nice AU coin if you intend to eventually sell. The 1886-S $10/Eagle is in the XF/AU range, and if you really wanted to submit, will probably straight grade as XF45/AU50. The 1880-S $5 probably wouldn't straight grade, due to some obverse rim issues at 6 o'clock. The 1845 $5 will most likely not straight grade either due to what looks like hairlines from an apparent heavy cleaning.

ET
Valued Member
Canada
324 Posts
 Posted 12/12/2017  6:27 pm  Show Profile   Bookmark this reply Add Andy888 to your friends list Get a Link to this Reply
I would suggest sending them to PCGS or NGC. It will help a future buyer to know they are authentic (and they look to be legit) as well as where they sit on the grading scale. Beautiful coins mate.
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