Can I sell gold coins with no certification

Discussion in 'Coin Chat' started by Anton Popa, Feb 12, 2018.

  1. Anton Popa

    Anton Popa New Member

    Can anyone tell me if I can sell 1986 50$ am eagle 1oz prf. On ebay/ Amazon without a grading certificate?
    Morgan Gold solds IRA gold coins and deposited into a depository. They claim that were gold prf.
    Now I took possesson of the coins and they had not certification. Why not? Is that a scam?
    Thank you
     
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    I've been told different things about the rules, but the sense of the regulations is that "collectible coins" are not eligible. It's possible that slabbed coins would not be eligible.

    Here's a site claiming that proof coins must be in original mint packaging with COA.

    Welcome to CoinTalk!
     
  4. baseball21

    baseball21 Well-Known Member

    I believe any sort of grading makes them ineligible
     
  5. sakata

    sakata Devil's Advocate

    Not sure why anyone would deposit proof coins into an IRA. As far as I know they only count for melt value as far as the IRA is concerned. I'm not even sure you get the same coins back if you withdraw them. My understanding was that you were merely depositing a certain amount a gold and got that amount back. Never done it though so I cannot be sure. I prefer to have possession of my gold in a place locally where I can get it at short notice.

    And, yes, you can certainly sell them anywhere you wish. You will probably only get the going rate for them though, which is related to the bullion value.
     
  6. Anton Popa

    Anton Popa New Member

    Makes them ineligible for what?
     
  7. Anton Popa

    Anton Popa New Member

    Inside there is a certificate . Is that enouph?
     

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  8. Anton Popa

    Anton Popa New Member

    So if I grate the coin do I risk to damage it?
     
  9. Anton Popa

    Anton Popa New Member

     

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  10. Anton Popa

    Anton Popa New Member

    Is that OK for certification?
     
  11. McBlzr

    McBlzr Sr Professional Collector

    Do you have a pics of coins ? Are they in US Mint plastic capsules ?


    These are year 2000 Proofs from the US Mint 4 coin set sets.


    100_4455.JPG
     
  12. Anton Popa

    Anton Popa New Member

     

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  13. Anton Popa

    Anton Popa New Member

     

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  14. Anton Popa

    Anton Popa New Member

    Can you help me understand?
     
  15. Anton Popa

    Anton Popa New Member

     
  16. Garlicus

    Garlicus Debt is dumb, cash is king.

    There was no proof $5 Eagle in 1987, the date on the coin.
     
  17. Anton Popa

    Anton Popa New Member

    Sory, it is 50$
     
  18. Garlicus

    Garlicus Debt is dumb, cash is king.

    The $50 one ounce coin is selling for around $1400-1450. The $25 1/2 ounce is selling around $750.

    I am guessing that a local coin shop would give you around spot price (possibly under).
     
  19. Anton Popa

    Anton Popa New Member

    Mu posting is..."Can anyone tell me if I can sell 1986 50$ am eagle1oz prf"
     
  20. Anton Popa

    Anton Popa New Member

    How do I go about selling them?
     
  21. Garlicus

    Garlicus Debt is dumb, cash is king.

    Yes, you can, but you will need to show ID if selling in person, to a business.
     
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