So I was looking on ebay and I noticed that an older 1/2 eagle from 1992 can go for as much as $1800. I have a couple and would be willing to sell them but I am way worried about selling on ebay a coin like that. What would you guys do if your not a dealer and wanted to sell some higher end coins. I worry about ebay. I can ship with insurance and tracking but the buyer has so much more rights online than sellers from what I have seen.
You would need it to grade MS 69 or MS 70 to guarantee bringing the 1,800+ levels. There are raw sales on eBay where the seller did not net much over melt after fees (although I do see a few others that did go for more). Currently APMEX has one listed for $1,691 on eBay, so you would need to be enough lower than that to attract a buyer. Another option is to send it to Great Collections. You can pay to have them grade it at PCGS or NGC and then auction the coin. That should be a safer route than dealing with eBay buyers but you do risk it grading lower than 69 (at which point you would likely net less money compared to selling it raw to a dealer).
And check buy-back prices at APMEX and other online bullion dealers first. You can come out ahead on eBay if you get the right BIN buyer (or the right bidders competing), but there's a good chance you'll net more just selling to a big online dealer. Their buy/sell spreads on gold can be smaller than eBay's fees. As far as safety on eBay -- yeah, I was once a Power Seller there, but after I nearly got scammed out of a friend's four-figure camera, and found that eBay offered no seller protection against this particular scam and wouldn't even let me leave a negative for the "buyer", I decided I was done. I have sold a few high-three-figure items there in recent years, but I'm not looking to do a lot of it.
I would also worry about selling to your local dealer as well, most will not give you a premium on rarity there looking only at the GOLD content so don’t be surprised by this.
Yeah I know. Its funny because you say hey its a rare or better date and they say maybe but its just bullion. Than the following week bam in the case with a premium on it and a note that says better date on it.
Yes. I have a complete date set of China 1/2 oz/15 gram gold Pandas. I've started a date set of American 1/2 oz gold Eagles.
Mint state 1992 1/2 oz American Gold Eagle price at my local Professional Numismatic Guild (PNG) price. The $1800 is too high despite the mintage being a tad on the lowish side of 54,404.
Now had they been 1991 coins than I would of had something. If I would have only bought them one year earlier.
They weren't necessarily when I purchased the complete original set from first issue through 2000's around 2010. All in Original Factory Packaging from my Professional Numismatic Guild dealer. I've kept the set current to present. Yes...some of the issues have exploded in price. It was a case of kismet and being in the right place at the right time. I'd been buying a few 1 oz gold and silver Pandas (and Eagles and Maples) 'cause my daughter thought they were cute. NO one was buying Pandas at the time and the Dealer pulled me on the side asking if I'd be interested in a complete set of 1/2 oz gold Pandas. Just goes to show the value in developing relationships with your local/regional coin dealer
Here’s a good example of what I am talking about, I have a uncirculated 1947 50 peso coin that I paid about $3,200 for the price of GOLD is higher now then when I bought it, so figure the melt at 1.2 OZ so figure around $2,400, here again nothing super special here so you LCS is only going to give you the GOLD content nothing else.
Yeah my local shop would call be when they had one come in. They were usually quarter or tenth ounce coins. They went out of business awhile ago and haven't bought any in a while.
I have an account but worried about a bad buyer and the claim process. How do you protect yourself. I can ship it insured with tracking but that's about it and if they say that it was never inside the package i'm screwed.
Funny you should say that. I JUST purchased a 1991 1/2 oz Gold Eagle last month. Lowest mintage and Key Date of the entire series at 24,100. Cost was in the very low $2K neighborhood. Buy the key dates first (if possible), then all the remainder dates for a set are gravy
