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 Replies: 18 / Views: 3,039 |
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Valued Member
Canada
201 Posts |
I know the pictures aren't up to par. I'm in the market for one of these and I have a trusted seller who I've purchased bullion from over the past 5 years. He's asking $600.00 I've seen a few on ebay go for $500-600. What would the approximate grade be and how much should I offer him?   |
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Pillar of the Community
 Canada
9866 Posts |
AU50
All this is very subjective,the price is between you and the seller, you have to do your homework and decide on your own.
"Dipping" is not considered cleaning...
-from PCGS website
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Bedrock of the Community
United States
94367 Posts |
Certainly appears to be AU and worth just bullion value as such. You do the math.
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Valued Member
 Canada
201 Posts |
Thanks guys! My question about price was more directed towards at what grade does this bring in a premium above melt.
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Pillar of the Community
 Canada
5402 Posts |
Blow torch able , worth spot gold !
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Pillar of the Community
Canada
605 Posts |
Has to be at least MS63-MS64
MS65 is all gravy
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Pillar of the Community
United States
8938 Posts |
I disagree with Pacificcoin. It is a personal belief that melting any coin for bullion value is extremely distasteful. Any self respecting numismatist with an ounce of decency would never deface a coin, much less melt it. Even if it brings no premium, I'd rather have a gold coin with history than a dinky bar. It frustrates me that people see the destruction of 'bullion' value coins as an acceptable practice. You want to melt a gold coin? Melt a gold maple leaf, leave monetary gold and silver alone. It frustrates me to see people clean even modern 'junk' silver. Even if it had no premium, you just permanently destroyed it, it escaped alteration for it's existence only to be destroyed by someone who is vain enough to think that just because it brings no enjoyment to them, and is worth little, it may be important to someone else. Sorry for venting, I hate the idea of destroying numismatic history, or any coins.
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Valued Member
Canada
201 Posts |
I'm with you on that grapes. I'm sure it's a heck of a time trying to sell an ugly chunk of melted .900 gold that hasn't be assayed. Doesn't sound like a smart investment at all.
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Bedrock of the Community
Australia
21788 Posts |
These coins never saw any real circulation, and I guess the population of MS++ graded examples would be the most common.
Exceptionally good fakes of these were made, from recycled genuine coin gold.
Can't grade this one from the pictures, but for MS 60 and above,
have a look at the diamonds in the head band:- all four vertical diamond pairs should all be perfectly distinct, and sharply struck up. The orb bands on top of the crown should quite distinct. All beard detail below the ear, moustache and eyebrow detail should be distinct.
If they aren't, then AU55 or less.
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Pillar of the Community
Canada
5402 Posts |
There are many of these available in NICE Mint State for little over gold price .
That is why a circulated one is NOT desirable .
You take the one pictured to a reliable coin dealer , same answer worth melt less a few points .
Buy a nice one lots are available !
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Pillar of the Community
Canada
1192 Posts |
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Valued Member
Canada
201 Posts |
Where are you guys finding nice ones. ebay only has a couple selling for double melt. Colonial Acres is sold out online and so is gate west |
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Bedrock of the Community
United States
94367 Posts |
sel - You see no wear on the lower crown band?
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Pillar of the Community
Canada
1505 Posts |
Gold is at a a 8 year high (in terms of $CAD) and approaching the 2011-12 levels in USD. I think pacific said it best (some may not like it), but low grade gold is going into the pot. Graded 1913 $5 MS 63 are on ebay in the 600-700 CAD range, take out ebays cut and your at $550-$600, which is not much above spot. The prices are probably negotiable as well. If I was looking to cash out on melt value coins, I would be taking them to bullion buyers and avoiding the ebay/other auction fees as that maximizes my return. It is sad, but I'm not sure how many people are willing to buy a low grade coin at melt value, when you can pickup a nice MS 63 for 10-15% more. |
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Pillar of the Community
Canada
5402 Posts |
There are way more coins than any of us will ever have money to buy .
At 2 K an ounce CAD I took every common and semi Numismatic gold coin I had and refined it all .
Over 40 ounces straight into the melting pot . Do I feel guilty , not a hope !
I will never look back , it was a prudent thing to do !
Having been in this game as a dealer for well over 40 years , I have seen gold at 200 and 2000 .
Still seems way too many coins around .
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Valued Member
Canada
201 Posts |
To each their own pacificoin. Whatever you gotta do to make a few bucks.
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Replies: 18 / Views: 3,039 |
Posted 09/22/2019 10:37 pm
