Interesting Estate Evaluation Today...40 $20 Liberty's

I did a preliminary evaluation of a small hoard of 40 $20 (gold) Liberty's today on my lunch break. Someone was fortunate enough to put these away when a relative gave them these coins over a period of years. The coins were all the common years/mints, from 1877 to 1907. Most appeared to be sliders (nice AU's).

He wanted to know what my offer would be on the spot. Due to the size and "seriousness" (at least for me) of the lot, I turned him onto a more prudent avenue. I felt the coins were largely going to move based on bullion and there's too little margin and too much risk for me to take on that type of purchase.

He already talked with people at ANACS that were willing to point out which coins of the lot would be worth grading. I thought that was awesome of them to do that. I know many of them there and they are really good people. I told him to go through with that and then I would give him the latest coin show information where he get some bids and he can sell it for the highest bid at the show. Although, I'm not sure how many dealers there have the ability to fork out anything around the $40,000 or so that the lot is likely worth (plus or minus a few thousand).

That was a very cool opportunity which I'm not sure I'll see happen too often if ever again.