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11-08-2009, 12:08 AM
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#1 (permalink)
| | Junior Member
Join Date: Nov 2009
Posts: 1
| NEW and confused
I have never ever dealt with coins before, as interesting a I think it is it can be too rich of my blood  .
Anyhow! My grandmother passed and left me a coin. its a 1907 gold 20$ Liberty, so far I know it is a type 3 it was minted in Philly and that it. In all honesty I want to sell it.
Soooo I found you guys hoping for some help to not get duped by the not so honest people that are out there.
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11-08-2009, 12:32 AM
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#2 (permalink)
| | coinoisseur
Join Date: Jul 2009 Location: SoCal
Posts: 767
My Mood:  |
Welcome to Coin Talk : )
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11-08-2009, 12:42 AM
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#3 (permalink)
| | Junior Member
Join Date: Nov 2009
Posts: 1
| Quote:
Originally Posted by crystalcry  I have never ever dealt with coins before, as interesting a I think it is it can be too rich of my blood .
Anyhow! My grandmother passed and left me a coin. its a 1907 gold 20$ Liberty, so far I know it is a type 3 it was minted in Philly and that it. In all honesty I want to sell it.
Soooo I found you guys hoping for some help to not get duped by the not so honest people that are out there. | Hi,
I just joined a few minutes ago...so I'm a novice too.
However, if it's of any help, a 1907D in MS62 condition , sealed in plastic, sold in an online auction last month for US $1865.00 (plus all costs on site)...a good starting point.
Best of luck,
Dr. H. Levita
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11-08-2009, 12:45 AM
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#4 (permalink)
| | Indian Buffalo Gatherer
Join Date: Feb 2009 Location: San Antonio
Posts: 6,305
My Mood:  | Quote:
Originally Posted by crystalcry I have never ever dealt with coins before, as interesting a I think it is it can be too rich of my blood .
Anyhow! My grandmother passed and left me a coin. its a 1907 gold 20$ Liberty, so far I know it is a type 3 it was minted in Philly and that it. In all honesty I want to sell it.
Soooo I found you guys hoping for some help to not get duped by the not so honest people that are out there. | To determine value, we would need to see some pictures of the coin.
I'm guessing the coin is raw (Not graded, just loose)
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11-08-2009, 01:40 PM
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#5 (permalink)
| | Ones and Twos
Join Date: Feb 2009 Location: Jackson MI
Posts: 1,334
My Mood:  | Quote:
Originally Posted by crystalcry I have never ever dealt with coins before, as interesting a I think it is it can be too rich of my blood .
Anyhow! My grandmother passed and left me a coin. its a 1907 gold 20$ Liberty, so far I know it is a type 3 it was minted in Philly and that it. In all honesty I want to sell it.
Soooo I found you guys hoping for some help to not get duped by the not so honest people that are out there. |
Welcome to CoinTalk. The coin you have does have significant value. You can enhance its value, as well as the ability to readilly sell it by having the coin certified by a Third Party Grading service. (TPG) The two top recognized TPG's are NGC and PCGS. Here are links to these organizations: http://www.pcgs.com/submission.html http://www.ngccoin.com/
Read through these two sites to get a basic understanding of the services they offer, etc. You would probably be best served by taking the coin to a reputable local coin dealer and have that dealer submit the coin to one of these services. Yes, there will be a cost, but that cost will be easily recovered when you sell the coin. A high end gold coin that is certified will bring you more money. It's as simple as that.
Again, Welcome to CoinTalk, if you hang around you might end up not selling that beauty, and starting to collect. 
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"A penny hit by lightning is worth six cents" Opie Taylor
Last edited by PennyGuy; 11-08-2009 at 01:42 PM.
Reason: spelling
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11-08-2009, 01:43 PM
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#6 (permalink)
| | Ones and Twos
Join Date: Feb 2009 Location: Jackson MI
Posts: 1,334
My Mood: | Quote:
Originally Posted by neckdoctor Hi,
I just joined a few minutes ago...so I'm a novice too.
However, if it's of any help, a 1907D in MS62 condition , sealed in plastic, sold in an online auction last month for US $1865.00 (plus all costs on site)...a good starting point.
Best of luck,
Dr. H. Levita | Welcome to CoinTalk Dr. L, glad to have you aboard. What do you collect?
__________________
ANA - MSNS - EAC - SLCC - NLOC
"A penny hit by lightning is worth six cents" Opie Taylor
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11-08-2009, 02:20 PM
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#7 (permalink)
| | Dental Student
Join Date: Mar 2006 Location: Oregon
Posts: 5,368
My Mood:  |
Welcome to CT. Please post pictures of your coin...both front and back so we can take a look at the condition. That will help determine the value.
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11-08-2009, 10:58 PM
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#8 (permalink)
| | ANA# R3129541
Join Date: Sep 2007 Location: Long Island, New York
Posts: 5,891
My Mood:  |
Geez Crystalcry, I'd hate to think you just signed on to this sight to find what grandmothers coin is worth (oh the humanity) and then up and sell it. Family heirloom and a legacy my friend. Please reconsider, and along with that, why not try and take up collecting with the rest of us so called "geeks". We really do have a fun time here. You may learn something in the meantime and have a bit of fun yourself along the way. Hope you reconsider, and welcome to the forum.... 
__________________
They also serve who only stand and wait....John Milton
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11-08-2009, 11:01 PM
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#9 (permalink)
| | Dental Student
Join Date: Mar 2006 Location: Oregon
Posts: 5,368
My Mood: | Quote:
Originally Posted by green18 Geez Crystalcry, I'd hate to think you just signed on to this sight to find what grandmothers coin is worth (oh the humanity) and then up and sell it. | As unfortunate as it is, it is a common practice to sell inherited items. At least they joined this site to prevent that item from being "taken" from them for far less than it's worth.
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11-08-2009, 11:27 PM
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#10 (permalink)
| | ANA# R3129541
Join Date: Sep 2007 Location: Long Island, New York
Posts: 5,891
My Mood: | Quote:
Originally Posted by CamaroDMD As unfortunate as it is, it is a common practice to sell inherited items. At least they joined this site to prevent that item from being "taken" from them for far less than it's worth. | Know you're right Ritchie. Still, guess it's just the "Pollyanna" in me that hopes that these types will stay......and collect.
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They also serve who only stand and wait....John Milton
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11-08-2009, 11:44 PM
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#11 (permalink)
| | Dental Student
Join Date: Mar 2006 Location: Oregon
Posts: 5,368
My Mood: | Quote:
Originally Posted by green18 Know you're right Ritchie. Still, guess it's just the "Pollyanna" in me that hopes that these types will stay......and collect. | I hope they will too, it's sad to see someone's beloved treasures sold off by the people they leave them too. I would hope whomever I leave my coins too will cherish them and become collector's themselves. But, if they don't get bitten by the coin and do decided to sell them...I deeply hope that someone doesn't take advantage of their lack of knowledge.
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11-08-2009, 11:56 PM
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#12 (permalink)
| | Village Idiot
Join Date: Jul 2003 Location: Chicago
Posts: 2,493
My Mood:  | Quote:
Originally Posted by PennyGuy You can enhance its value, as well as the ability to readilly sell it by having the coin certified by a Third Party Grading service. | Not always the right thing to do, PennyGuy. In this case, if the coin is anything below an MS-63 it doesn't really carry much of a premium. Gold is a softer metal and many large gold coins grade MS-62 and under. If this coin hasn't been carefully handled, the chances of an MS grade are even less.
The problem I am alluding to is this: if it's under 63, then it's more bullion than a coin and the TPG slab will do nothing more than cost the OP time and money. A reputable dealer will be able to authenticate whether or not the coin is indeed genuine and there should be no need for the TPG.
Now had this been an 1882, 1885 or 1886, my advice would be the TPG.
and BTW welcome to cointalk crystal and neck
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Begin somewhere. You can not build a reputation on what you intend to do. - Liz Smith - Gossip Columnist
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11-09-2009, 12:03 AM
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#13 (permalink)
| | Dental Student
Join Date: Mar 2006 Location: Oregon
Posts: 5,368
My Mood: | Quote:
Originally Posted by mikenoodle The problem I am alluding to is this: if it's under 63, then it's more bullion than a coin and the TPG slab will do nothing more than cost the OP time and money. A reputable dealer will be able to authenticate whether or not the coin is indeed genuine and there should be no need for the TPG. | I fully agree. Unless the coin is of nice enough quality, having it slabbed is a waste of money.
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11-10-2009, 11:14 AM
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#14 (permalink)
| | Coin Hoarder
Join Date: Mar 2005 Location: TX
Posts: 1,139
My Mood: |
Welcome to the Forum!
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11-13-2009, 05:34 PM
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#15 (permalink)
| | Online Dealer of Mpc
Join Date: Sep 2009 Location: Indiana
Posts: 324
My Mood:  | Welcome to CT!! | |
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