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 Replies: 31 / Views: 1,614 |
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New Member
United States
7 Posts |
My girlfriend has had these coins for several years now. It's my understanding her father bought these in the 1960's. Is there any likelihood that any of these could be fakes? Any help with determining rough value and grading would be much appreciated. Are any of them worth having graded? We have another half dozen or so gold coins if there's any interest in showing pictures of them.       |
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Moderator
 United States
56855 Posts |
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Bedrock of the Community
United States
36638 Posts |
I don't see any red flags in these photos. Larger photos of each coin would help though.
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Moderator
United States
187702 Posts |
 to the Community! |
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New Member
 United States
7 Posts |
File limit on pictures is 300k, the pictures I uploaded were around that size.
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Pillar of the Community
United States
1484 Posts |
Wouldn't hurt to have them authenticated/slabbed, IMHO, although there would be considerable cost. They look to be in great shape. Please handle with care (or don't handle at all).
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Pillar of the Community
 United States
1502 Posts |
There is always a chance as even some of the TPGs get fooled once in a while. That said, agree with IGE that all look good. And all look MS so significant combined value.
Two concerns for me:
- On the 1911 $10, what appears to be a die crack running thru the headdress - is that on the plastic?
- And most importantly, if her dad bought those in the 60's and put them in the flips around then you need to get them out of there. If there are staples in the flips you need to remove the staples carefully before doing anything with the coin. Staples are notorious for ruining coins.
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Pillar of the Community
United States
2703 Posts |
Ballpark value is north of $3500
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Pillar of the Community
United States
3848 Posts |
Nice collection! If you are simply looking to sell, a local coin shop or bullion dealer would be the best way of disposal. ebay would be a good consideration as well if you would take the time to construct a simple listing. These are low margin coins, so you would not get a significant premium through any particular way of liquidation unless a local dealer lowballs you. Shop around and see what is best, and compare with the 15% cut ebay takes. 1904 Double Eagle MS-63, valued at $2,000, bullion value, common coin. 1911 Indian Eagle MS-63, valued at $1,400, slightly more than bullion. 1856 Gold Dollar ~BU, valued at $300 minimum, more than bullion. If you are keeping the coins, then either slabbing or keeping raw is acceptable. These coins are very liquid in any format. Quote:
And most importantly, if her dad bought those in the 60's and put them in the flips around then you need to get them out of there. If there are staples in the flips you need to remove the staples carefully before doing anything with the coin. Staples are notorious for ruining coins. Not true. These flips would be perfectly acceptable for long term storage for these gold coins. Gold holds up very well in most containments. I would keep them in the old-timey flips (colorful cardboard), because it dates the original purchase of the coins. Staples can rust, which simply tones silver. It could possibly tone gold to a minute amount, which is actually more desirable in numismatic circles. I have never seen a staple "ruin" a coin besides removal and mechanical contact in which the staple scratches a coin. Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Pillar of the Community
United States
1502 Posts |
Quote:
Not true. These flips would be perfectly acceptable for long term storage for these gold coins. Absolutely true. Simple Google search on PVC damage and gold coins will offer you a plethora of evidence authored by reputable orgs. Last time I checked there was copper in these. Edited by DOCC
03/25/2024 6:10 pm
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Pillar of the Community
United States
1502 Posts |
Quote:
I have never seen a staple "ruin" a coin besides removal and mechanical contact in which the staple scratches a coin. That is exactly what I am referring too - take the staples out prior to monkeying with the coin. Kinda a no-brainer I would imagine but apparently explanation needed. |
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Pillar of the Community
United States
3848 Posts |
Quote:
Absolutely true. Simple Google search on PVC damage and gold coins will offer you a plethora of evidence authored by reputable orgs. Last time I checked there was copper in these. I deal with old collections and flips on a daily basis. Never had to dip PVC off of a gold coin. Silver and copper coins all the time. Side note, these 2x2s clearly are not vinyl and are constructed of a mylar-type material. Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Pillar of the Community
United States
3848 Posts |
At least the raw $50 humbert slug that I removed from the PVC flip it was in for 50 years had no sign of green goop.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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New Member
United States
7 Posts |
Thank you for all the responses. @Docc, the crack you have concerns with appears to be in the plastic. I know there's a fee for having the coins graded. If I intend to sell them to a local coin shop, is it still worth it to have them graded? Here are some more pictures. I only have the one picture of the "franc" the back of the holder is opaque and I haven't taken the coin out. And yes, a number of these are in little cardboard squares with staples on all 4 sides.      |
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New Member
United States
7 Posts |
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Pillar of the Community
United States
1502 Posts |
Others may have different opinions but my advice would not be a local coin shop. I would make contact with Great Collections - you can send them raw coins and they will take care of the grading for you. Once the coins come back they will go to auction - this is where you will get top dollar. No upfront cost for grading is my understanding, comes out of the sale. Plus they send coins for grading in bulk so you get a discounted grading fee. In Sunday's auction (3/24) a MS63 Double Eagle sold for 2100 hammer, about 5% more than spot. A MS65 1911 Indian Eagle sold for 4800 hammer (400% or so over spot), a 62 at 1300 hammer (30% or so over spot). Grades are subjective but I imagine all those coins are MS, the higher the grade you get back the more you would get at auction. Grading and sales commission (between 0-5%) come out of those numbers but somewhat hands off once you mail them off to GC. ( https://www.greatcollections.com/) |
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Replies: 31 / Views: 1,614 |
Posted 03/25/2024 4:07 pm
