Gold coin value?

Yeah sorry, I was getting a little nervous because of a few strange emails I was getting so I deleted them. The emails may not have come from here, but figured I'd better play safe. There graded MS-64 Thanks!

 

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Hey Kraco....if the strange emails came from here send them to one of us Moderators....

Speedy

 

BTW--As long as the coins are the slabs like the last few...that is what you call that kind of holder....and as long as they are from PCGS (like the last few) or NGC or ANACS or ICG....you don't need to post photos if you don't want it....it is nice and such and we love to see the coins but if you don't feel safe about it just posts the date/grade/mintmark and anything else you think we might need....we can find a value from there.

Speedy

 

Speedy, I think I know now where it came from and it wasn't here, but if I find out any different then I'll do that. The persons name was Jason and he wanted my home address to come by and make me an offer... yeah right, an offer I couldn't refuse. lol Thanks!

 

Thanks, that's the way I'll do it from now on then. How much does it cost to have coins graded and slabbed from one of those places? The reason I ask is because we also have some other coins that are just in some cheap plastic cases that might be worth having done. Thanks!

 

PCGS has them listed at $1600. I checked ebay and there weren't any real comps. Hope that helps.

BTW, those really nice coins.

 

Yep, that helps a lot and I appreciate it very much!

 

How do you know they are MS 64 then?

 

It costs about $25 per coin....

What I was going by is what is on the holder.....since when we look up prices that is what it will go by.

Speedy

 

That's not bad, I thought it would be more. Well first I'll find out if any of them are worth anything or not and go from there. How does one know there getting the same coin back? lol Thanks again!

 

That is where you must use a little trust....but its not going to happen that they change your coin...if they did and it got out they would lose all of their business and when you have millions and billions of dollars going to your business you don't want to lose that.

Speedy

 

Kraco,

I really want you to feel like you can talk fairly openly to us here on CoinTalk. I think for the most part, none of the members here would try to defraud you, steal from you, or worse. But, as with everything else in cyberspace, nothing on the internet is protected all the way and there are always jerks out there (hopefully not members here, but they may stop by). So, you never want to give out your personal information anywhere on the web, as I'm sure you already know.

I personally have really enjoyed seeing your father's coins. He put together what looks to be a magnificent collection. I still can't get over seeing all of those gold coins in MS64 grades! You should be very proud of your Dad's collection. I highly recommend that if you are going to sell them, keep at least one of your favorites, or maybe a couple for your kids or something. Feel free to post any other questions you have!

 

Thanks guys! I really appreciate all the help I've received here. I guess I should have paid more attention to my Dad when he would try to talk to me about his hobby. But at the time it just wasn't very interesting and I pretty much tuned him out. Maybe my kids will be a little smarter then I was. lol

Thanks again and I'll be hanging around for a while just reading post if nothing else. But I'm sure I'll jump in at times to ask questions and make comments too. This is a pretty neat forum and I'm sure I'll learn a lot here. Thanks!

 

A little advice, put them in a safe or in a safety deposit box in your bank.
These kind of coins dont come around very often.
These high grade coins appreciate in value more than most peoples whole collections.
Put them away for five years or more and you might double their value or more.
Especially that one dollar gold coin
Or you could sell them to me lol.

Very , very nice inheritance

Good luck in whatever you decide

CLAW

 

Claw,

yes, that was already suggested and I think it's good advice. And if it was up to me that's what I'd do. But my sister has a say in this too and she really likes to spend money,lol. So now I'm working on a plan to make us both happy, but I'm not sure if it will ever come about. Thanks for the good luck wish, I'll need it!

 

I couldn't disagree more.....if something is stolen out of a Safety Deposit box it is NOT coved by the bank.....you might get something like $10-$30 bucks but it doesn't cover the value of your coins.

Speedy

 

Kraco,

First and foremost is your’ safety and the safety of the coins! Secure a Safe Deposit right away and after taking detailed photos of the coins and their’ holders, lock all of them, especially the high valued ones and any paperwork (Wills, Legal Documents, etc.) concerning the coins away. Make sure to keep copies of any Wills, Legal Documents, Appraisals, Photos, etc. concerning the coins locked away at some other location.

Make appointments with a least two Coin Dealers that are certified in appraising coins. Insure that they will be giving you a full and complete Appraisal on all of the high value coins (slabbed and non-slabbed) for Insurance purposes and make it clear to them, that the coins are not for sale. Make arrangements with the Bank and the Coin Dealers to have the coins inspected at the Bank in a Private Office. Do not take the coins out of the Bank! The Coin Dealers can assess the coins there, make notes there and then write up the Appraisals later. Once you have the Appraisals on the coins, you will then want to have the coins insured for their’ value!

If you need to borrow money, understand that most Banks will not loan money on coins and you will have to check with your Bank and others to see if any will do so. Only borrow what you will need and do not to borrow more than half of the value of the coins, using only the Certified coins as collateral to secure the Loan! Since you will be using the coins as collateral, the less you borrow against them, will help you in negotiating a lower interest rate. If your Bank will not loan you the money but you find one that will, then you will have to move the Certified coins to that Bank. You should arrange to have someone accompany you or see if the Bank that is loaning you the money, will provide Security from your Bank to their’ Bank. Once you have negotiated the interest rate and terms of the loan, insure that the coins will be secured in Safe Deposit box and that you will be given a key, so that the Bank will not have total control or access to the coins. You will then need to again lock away any paperwork (Wills, Legal Documents, Appraisals, Loan Contract, Insurance Policy, etc.) concerning the coins in the Safe Deposit box at your Bank but still keep copies secured elsewhere.

Now, if you wish to get any of the remaining (non-slabbed) high valued coins Certified, Graded and Slabbed you can do so! Make sure that you have detailed photos of each coin before you have them submitted. If one of the appraising Coin Dealers can submit the coins to PCGS, NGC, or ANACS, make arrangements for them to meet you at your Bank to pick up the coins and fill out all of the appropriate paperwork. Try to get someone (Bank Official or other) to be a witness to which and how many coins are being submitted and that the Coin Dealer gives you a copy of the signed submitting agreement (which also serves that they have taken charge of the coins). If there is no place on the form showing that they have taken charge of the coins, then have a letter typed up, signed and Notorized while at the Bank. When the coins return from being Certified and Graded, return them to the Safe Deposit box to not only protect them but to protect yourself!

Note: If you have a lot of coins to be Certified, Graded and Slabbed and you are not in a real rush to have this done, you can send in ten (10) or more and ask for the Economy Service! Instead of paying $25 to $30 per coin for certifying and grading, you will only have to pay $10 to $20 depending on which Grading Service Company you use.

Good luck and most of all, be safe!


Frank

 

Frank
Read my post.....a safty box at the bank is NOT safe....they are robbed and items are lost....also most insurance Co. will cover coins.
I would not contact a local coin dealer either.....they are going to ask tons of questions and think that you stole them....

Again I say....a safty box is NOT safe.....and if the items are robbed...you have nothing.

Speedy

 

Frank, that was a lot of good info and I appreciate it! Only problem is we live in the country and we're about an hours drive to the nearest town. We only have one bank and a credit union, no coin dealers,no book stores and I even have better books in my home library, then the public library has. I've never checked, but I'd almost bet that the Sheriff only has one bullet in his gun. Going to Mayberry would be like going to the big city. lol

But we feel more secure here then most people feel in the city with a cop on every corner. I'm sure 99% of our crime is solved within hours after it happens because everyone knows each other. And I almost feel sorry for strangers that come here because they get asked so many questions from the locals. It seems to be a hobby for country people to everyones business that's new in town. lol

We live on 132 acre's that's completely surrounded by State and Federal land. Only one way in or out and it's about a half mile from the main road which is a dirt road too. When you turn in off the first blacktop road to come to my place it's four miles and you have to drive by the Sheriff's house first, then my brother's house before reaching my driveway. Then your greeted by a few dogs and our best security which is an attack goose, lol. I've never had a surprise knock on the door. The only person that ever got to my house without being seen first was a hunter that got lost and he was treed within seconds. lol

Sorry I got off subject! But my point is, while I think your suggestions are good ones, it would be very difficult to work out. But I'll be carefully and do as much as I can to protect myself. Thanks for your time and your help, I'm learning a lot here and it's really appreciated!

 

Speedy, don't worry! I'm not going to use a bank. But will make sure the coins are safe. Thanks!