Old Gold Coin Collection

My grandmother has been retired for several years and is looking to subsidize her retirement annuity with her gold coin collection.

She has entrusted me with obtaining values and potentially selling.

Her collection is as follows:

SEE PICS AT #3, 21 and 24.

Double Eagle:
1898-S MS62
1889-CC AU58
1876-CC AU58

Eagle:
1910-S MS63 Indian Head
1853 AU53
1900-S MS62
1855 AU53
1900-S MS62
1855 AU53
1900-S MS61
1891-CC MS60
1878 MS61

Half Eagle:
1895-S AU53

I really appreciate any feedback, advice, background and comments.

Best,
Matt

 

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who graded the coins?

 

PCGS - they are in individual protectors with rating. Picture attached.

 

you can go to pcgs's price guide, but ignore prices. Instead click on appropriate date and MM, and look at completed auctions.
http://www.pcgs.com/prices/priceguidedetail.aspx?ms=1&pr=1&sp=1&c=66&title=liberty+head+$20

you may want to consider cosigning them to
Great collections
http://www.greatcollections.com/

 

bkozak - thank you for suggesting consignment. I have thought about it but would really prefer to find buyers to save my g-maw the 10-20%.

She worked her edited off all her life for not much of a retirement, so I am trying to look out for her best interested.

That is definetly the route I will take though if private sales do not work out.

I was able to sell some of her "modern gold" today for spot, so it was a good start.

Cheers!

 

Such a marvelous grandson looking out for his Grandmother. Welcome to the forum dear fellow.

Most kids today lock their grandparents away in 'the home'. Good to see you're looking out for her interests. Most commendable indeed.

 

Yeah, took this collection to a local shop and he appraised if for $13,000...I told him he was crazy and I wouldn't be doing business with him. If it was my grandmother, she probably would have gone for it.

Can't stand those that prey on the uneducated and old.

 

Consign the collection to an auction house. That's your best bet, to get the fairest price. Or you can put them on Ebay if you want. Most coin dealer are gonna low ball you unless if your selling bullion.

 

Those CC Double eagles alone have to be worth more than 13k?? ... you really made the right choice of not selling to that one particular dealer I think. Listen to those on here, much knowledge in one place there is.

edit - Wow, didn't realize what a monster that 1910-S Eagle was LOL

 

You've got some good dates in there, as you probably already know.
1900-S G$10 is a nice coin. So are the CC Doubles.

 

Appreciate it guys. Like I said, would prefer to do it privately to save my G-maw the commission. Spread the word! haha.

If someone was looking at the entire collection, it would be worth me purchasing a plane ticket to do a hand delivery.

 

Yeah that dealer was trying to hose you unless they are really low grade...CC gold is tough.

 

Just as an aside, if the bulk of the coins are housed in the same type of holder as the one you pictured (known to collectors as the PCGS 'OGH', or 'Old Green Holder') they are well known to be from a period of very conservative grading by the company. Old gold like yours has a sort of break point where a coin can be quite valuable in a grade like MS-62, but much more in MS-63 (just an example).
That being said, if you are willing to do a bit of legwork, these can be resubmitted to PCGS under a grade consideration service to see if they would potentially upgrade. You can also choose to have the coins remain in the older holder if they would not, which is helpful considering the perceived added value which these old holders can bring the coin in the eyes of collectors.
Just my two cents, I'm sure others can tell you more.

 

Awesome Harris, thank you for the insight. I had no clue. Is defintely worth e looking into considering the drastic change in value from just one grade bump in some cases.

Great piece of advice, I appreciate it.

 

Shoot......Doug's up late tonite bestowing 'likes'.........

 

Pictures would be great for that ... Not to get to far down the line, but some of those coins are conditionally rare and like you said just a bump to 63 on some of them and wow 13K looks like worse than a lowball

 

BTW, all except for two are in the same housing.

 

Are you saying that they could regrade from pictures alone? My g-maw does not like the idea of anyone else holding onto them except for her or I.

 

Look into selling at "private treaty" .....

 

No, sorry meant to quote someone else saying that seeing these coins would give someone (with more knowledge than myself) a chance to see these coins and what we're dealing with.

You can't definitively grade a coin from pictures, but it can give you an idea sometimes. Concerning the official PCGS grade, no. Only submission to them would change anything like that. But sometimes the older holders command more value than a newer holder with the same grade because of the aforementioned "conservative" grading in place during certain periods.

I will drool on the sidelines and opt out from future replies because I am not even close to consulting you properly on a collection of this magnitude. Good luck with it though!