Overpay?

You paid $1780 each? Or $1780 for 20 which averages to $89 each?

If you paid $1780 average and they're graded MS-63 by a reputable Third Party Grader (like PCGS, NGC, ANACS) then I'd say you did OK. If they aren't graded by a TPG then and paid an average of $1780 then unless you're positive that they're at least MS63s then I'd say you got taken.

If you paid $89 on average I'm willing to bet you got scammed as gold value is around $1000. Anyone who has 20 of these things knows the value of gold and wouldn't be selling them for $89. If they're real then there's a very high liklihood that they're stolen and as such you should report the transaction and the seller to the police.

$1780 for a common date ASG Double Eagle in MS63 is way above the full retail price.

You can go to APMEX and pick one up for $450 less.

http://www.apmex.com/Product/7223/2...GS_ONLY.aspx

Wow, lots of questions to be answered here.


Yes. In the US decimal system, there are 10 dollars to the eagle, so a "double eagle" has a face value of 2 eagles, or 20 dollars.


I assume you're in the US. From 1933 to 1974, Executive Order 6102 was in effect, banning private ownership of gold. Nowadays there is, as far as I'm aware, no requirement at all to "report" sales of gold, in any form, to anybody.


I assume you're talking about gold coins again. Switzerland issued gold coins in numerous denominations (10, 29, 25, 50 and 100 francs) between 1911 and 1959. "1933" has no meaning for non-US gold coins; there is no difference between pre- and post-1933 in the Swiss series.

Many of the 20 franc coins dated 1935 were actually struck during and shortly after World War II, making this date and type the commonest Swiss gold coin, but if the thought of possibly owning a piece of stolen Nazi loot disturbs you, don't buy one.


The price for these coins (and indeed any coin) has two components: a bullion value, which goes up and down with the price of gold, and a collector premium, which goes up and down with collector supply and demand.

You should be aware that "Saints" and other classic American gold coins carry quite a high collector premium above the actual value of the gold they contain. So if all you want to buy is plain "bullion" gold, don't buy classic US coins - buy the modern bullion coins, foreign coins or private rounds instead, as these generally have much lower collector premiums.

The advantage of buying classic US gold coins is that this collector premium means that they will retain some of their value, even if the price of gold collapses.

So are these eagles or double eagles?

Are they TPG graded or not?

Is the OP even following this thread?