Worth of a US Mint Certificate of Authenticity (COA)

I recently sold on Ebay two proof American Silver Eagles dated 1989.
Both were in the original boxes but one was missing the COA.

The one with the COA sold for $53.00 and the one without the COA sold for $47.00.
Thus the worth of the COA was $6.00.

 

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Did you sell then by auction or buy it now?

 

Awful small sample size to be making any kind of definitive conclusion.

 

I do know that a lot of collectors of the GSA Morgan dollars want the original box and COA with them, me included.

 

Both sales were 7-day standard auctions ending at the same time.

 

While there is a value to the COA for a percentage of buyers, I bet the vast majority of buyers would take the one without the COA if they thought it looked a bit nicer

 

Remember - just because you have a COA doesn't mean it is the one that originally came with the coin.

 

Especially in the early years of COA's from the mint. They didn't even say what coin or set they were certifying as authentic.

 

Just a few days ago one sold with COA and box for $25 shipped
http://www.ebay.com/itm/1989-Americ...D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557

Here is another with coa and box that just sold for $65
http://www.ebay.com/itm/1989-1-Amer...728978?hash=item58cefbc6d2:g:32cAAOSwKIpWE~Qg

I would say COA had very little to do with price. The randomness of ebay bidders did.

 

How do you know the COA is authentic unless it comes with a COA.............and so on ad infinitum.

 

Strange that the first seller didn't attract any bidders yet the obvious BIN Seller attracted a buyer at nearly 3 times the price??

So strange.............

 

The first one was an auction with BIN option It sold at the BIN price the seller selected.

 

I personally don't care for a COA unless it's a very small series, 1or 2 coins. If I have 15 coins of a series, I would want to keep them all together to look at occasionally, all those boxes and paper are a hassle to keep up with.

 

Mint packaging is probably one of those "all or nothing" preferences. If a buyer is interested in the original packaging, any missing part is a deal-breaker. If a buyer is indifferent to the packaging, no amount will affect the price paid.

 

how do I start a new post .. by the
way ?

 

American Silver and Gold Eagles are permitted in IRA's but they must be complete with box and COA's. That may account for some of the value of the COA's. There is always someone looking for them on the dealer platforms.

 

sorry to slightly correct your loose IRA ruling ..you can use silver eagles without any paper or box .. you just can not hold it .. must be delivered to certified storage

 

C'mon guys...Click the Forums tab at the top, go to the forum you are interested in starting a new post in and look at the top for something like "New post"

 

Another myth busted.

At least some of my bigger buyers think that.

 

not permissible