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 Replies: 15 / Views: 1,529 |
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New Member
United States
2 Posts |
hello everybody. I aquired some coins through my aunt who recently passed away and I went to a coin and stamp collector to get an estimate on them. He surprised me when he offered me $165 for a coin so I told him I would return after I got an estimate from another source. I have since done a bit of research but find it difficult to pin point a amount. Its a gold 1847-O $2.50 coin. You can read the "LIBERTY" on the womans head and it is detailed like some of the other websites suggested for a higher value. The other side has a eagle and is also in good condition. I do not have a camera but will borrow one to take some pictures and post them. Thank you to anybody who can tell me what this coin is really worth because I think the guy at the store was trying to rip me off, and as you all know being a college student means any extra money I can get is very appreciated.
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Bedrock of the Community
United States
10284 Posts |
I would think it is at least worth twice what the dealer quoted you.
I would rather see you learn more before you have to sell.
When you take these images, try your very best to make them as crystal clear as possible.
Nobody will be able to help you with blurry images.
You won't be able to sell here until you have 50 quality posts.
But it would not take long to get that amount if you post about these coins your Aunt left you.
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Pillar of the Community
United States
3098 Posts |
Jeez, don't sell it! I'll seriously offer you 3x+ for it! Also as a price guide, look on ebay for about-to-end auctions. That's the ballpark price for those. Here's an auction. The difference with this one is that it's in very good condition. In this neck of the woods, condition means everything, including the difference between a $5000 coin and a $500 coin. Hope to see pics! **Oops... here's the link http://cgi.ebay.com/1847-O-2-5-LIBE...4QQhashZitem300290770877QQitemZ 300290770877QQptZCoinsQ5fUSQ5fIndividualQQsalenotsupported The dealer would have most likely bought your aunt's for $165, encapsulated it and then sold it on ebay for this price ($1k~) Edited by wd1040
02/15/2009 5:56 pm
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Valued Member
United States
462 Posts |
Thanksforyourhelp, welcome to the forum. You are correct in that the dealer was ripping you off. That coin is called a "quarter eagle" as an EAGLE is a ten dollar gold coin. Your coin is 12/100 of an ounce of gold so the gold value alone is about 100 dollars. If your coin is in AU condition (Almost uncirulated), then it tops $1,000.00. Even in EF condition (extra fine), you are looking at 400-500 dollars. Here is the real kicker, if it grades at MS-60, you are talking $5,000 plus. For a college kid, that would rock your studies!
Co your research, it could really pay off.
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Pillar of the Community
Canada
636 Posts |
Whewww College Kid...that was a close one.
Im glad your doing your research before jumping into something you will regret.
Im sooo excited..i want to see the pic
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Pillar of the Community
United States
615 Posts |
Don't try to sell stuff without researching the item first. That is a good way to get taken. Good job on doing the research first.
-SWUSC
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Valued Member
Canada
464 Posts |
I'm curious.. What other coins did you acquire?
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Pillar of the Community
United States
812 Posts |
Welcome to the forum! Below is a link to some reasonably accurate retail values for quarter eagles. If your coin is toward the lower end of the listed circulated grades, the offer was not too far off base. If it was in a higher grade, then you were wise not to sell. http://www.numismedia.com/fmv/price...icesgd.shtmlIf you can post a picture, we can hep you determine the grade. As you can see from the link, the value varies a great deal, depending on the grade. |
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Pillar of the Community
Spain
1361 Posts |
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Pillar of the Community
United States
632 Posts |
Pics would help us out a lot.
We have to remember that even though the estimate was far lower than the real value of the coin, coin dealers buy their coins at wholesale (bluebook) prices because they are in the business to make a profit. Also,this thing could have been a pocket piece or used to be a necklace for all we know and been in a lower grade like an XF or VF. It could have been a fair offer.
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New Member
 United States
2 Posts |
thank you all for helping me out you are all very helpful and polite. I still need to take pictures but I should get it done in the next day or two.
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Pillar of the Community
United States
1415 Posts |
 to CCF Gee, you are at college? Go to library, I'm sure you should be able to identify.  would be a great help here. Coin condition is everything. Waiting for the pics.  |
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Bedrock of the Community
United States
20753 Posts |
WOW you found the right place to find out what is going one with coins. The thing to do is if you don't want to keep them is to stick around here and ask tons of questions until you hit the 50 post mark. Then if you still want to sell them, you could get a decent price here. As long as you don't sell them to me that is.  |
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New Member
United States
2 Posts |
haha ok I can do that. I am in a slight rush to sell this coin because I'm backed up on bills, but I also dont want to foolishly sell it without finding out what it is worth
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Valued Member
Canada
464 Posts |
A good start would be to post pics! We're still waiting... Take a look at the coin photography section of the forum for tips on taking pictures. Photographing coins can be quite tricky.
Edited by gawd0wns
03/08/2009 9:42 pm
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Pillar of the Community
United States
1691 Posts |
digital camera...macro setting..take a few until you have the right light and focus then reduce size to under 100MB and let us see what you have there...we'd love to help you out! Edited by atlashealth
03/09/2009 2:04 pm
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Replies: 15 / Views: 1,529 |
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Posted 02/15/2009 5:55 pm
