What is a fair price for a 1927 double eagle?

I'm looking to complete a good quality 1927 US coin set. I have all but the quarter and double eagle, and the half.

I'm currently looking into getting the double, and so far, there is only ONE coin shop in my area that has any of them, and they have two.

Both are uncertified, and are around the AU quality, but their asking price is 2100..

Now I know I'm not an idiot and I can see the sold listings on ebay, and there are quite a few uncertified doubles going for around 1800-1900. I would be out of my mind to spend 2100 on an uncert coin, right?

Though I think I may be in the thick end; I made it clear that I wanted the coin, and that coin shop probably knows that it is the only one that has that coin in the city.

Should I try to haggle it down? My ideal price is 1800.. Though I don't want to go out there and waste a trip. I've never tried to haggle something like this before (or anything, really)..

Any advice is welcome

 

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Ebay has premiums built in because of fees so you'll want to take that into account.

If you don't have one you might want to pick up R.S. Yeoman's Red Book coin price guide. I don't have 2013's but in my 2012 it lists a 1927 double eagle as follows. Seems to go for near melt value like most of the non-rare dates unless it's in nice condition.

VF-20: $1650, EF-40: $1675, AU-50: $1700, AU-55: $1725, MS-60 $1750

$1800 doesn't seem bad but you might be able to do better. I am under the impression $1650 is the melt value for the baseline price in my Red Book.

I think haggling is worth a shot. If you have cash in hand that helps obviously. I've haggled a couple times and it's not a faux pas or anything.

 

Your gonna have trouble finding one for 1800. In fact, a friend of mine who buys gold, went to the FUN show to try and find a cheap Saint. No dice.

 

Me personally, I would go to my LCS and try to haggle down to your price. What is the worst he can say, ...exactly.

Then if my answer was a no,I would sit back on Ebay, and stuff a few that looked nice in my watch list and see what happens.

 

$2100 for an AU 1927 Double Eagle sounds like quite a bit since you can usually buy a graded example in MS66 condition for around $3000.

 

I do think that the prices in the red book are a bit outdated, what with the fluctuating price of gold. But I am using it as a baseline between the grades.

There is a coin show this Saturday that I'm going to go to.. So hopefully there is one there I can get.

 

Check here
http://www.collectorscorner.com/Category/Category.aspx?catId=67&tl=false

 

Here's a PCGS64 for 2150
http://www.collectorscorner.com/Products/Item.aspx?id=12965162

 

At about $2,100 why don't you just buy a certified mint state one over the net?

 

Hey, thanks. I'm going to bookmark this. Though I would rather not spend 2100, I'd rather spend a bit less for an AU coin, I will indeed use this if I decide to haggle. Certified coins of a higher quality for the same price is a good incentive for them to lower their price..

Because to be quite frank, I'd rather get the coin in my hand rather than wait for it to be mailed and possible lost in transit. A bit paranoid, as I've never bought something so costly online.



On another note, what works best for haggling? Having a check, or would paying in cash be more appealing to the dealer?

 

The problem you will face in the future is that there are to many people that will shy away from a raw $20 and you won't get the best price. Much easier to get top dollar if/when you need cash in a hurry.

 

Is that regarding selling? I don't fancy selling it..

In fact I'd rather save it so I can have an AU 1927 set. Currently missing the walkinh half, quarter and double eagle. Figures they are three of the most costly

 

Personally, I would go to a larger coin show and try to find one you like. Do you know how to grade, how to tell if a coin is cleaned? Those would be major issues. If you buy a slabbed one at least you know its approximate grade and if its been market unacceptably cleaned or not.

I would seek out a certified AU example if you don't have the skill to make sure a coin is not cleaned or doctored if it were me. It is not adding much cost. If unable to go to a larger show, go to one of your dealers nearby and tell him what you want and what you will pay. If you tell them you will pay $1800 for a NGC or PCGS certified AU 1927 double eagle, there is a very good chance they can find that for you.

 

I'm not very good with judging if a coin has been cleaned; I bought a 27 dollar that looks nice, but when I exchanged it (to this very same dealer) for another one that hasn't been, I could see the diference between the cleaned and not cleaned.

As I've never seen the double eagle in person (aside from the few moments he showed me when I visited his shop before), I don't think I would feel good in my ability to tell if it has been doctored.

Though, I do feel that my ability is moderate when judging the general condition.. But again, I don't know if I'd be able to tell if the coin is fake or not, which is all my reasoning for getting a certified coin

 

I was going to suggest that - if for no other reason - you buy a certified coin because you may not have the skills to determine if the raw coin you are about to buy is genuine or not. You took the words out of my mouth.

 

Thanks!
Would you like them back?

 

:smil

Not all the fee + facts are @ Ebay .
I do not know how everyone can think that. I am not pick on u. All I am saying is ebay has no respect for the Seller. Buyer gets do to much % when bidding .buyer90%+seller10%

That not fairmarket to me.

 

So I went to the coin shop near I work that is an actual coin shop with people who actually know what they are talking about, and they have a 1909 eagle, not certified, and cleaned. They are asking 1700 for it.

Would 1700 be a fair price for a cleaned coin? Personally, it looked very nice to me and I would not turn away from owning it, aside from the fact that it isn't a '27

 

You didn't say what kind grade it is. VG details? Au details? Ms details? I know you said it's not certified but what was the approximate grade?

 

Ah..

Well, to me, it looked to be high end XF to mid AU. I did not look at it for very long, but to me, it looked very nice. I'm not going to have any time tomorrow during my lunch to take a look at it, but I can schedule something on Friday for me to have a good look at it.

But to me personally, I'll only buy it if there aren't any dealers at a coin show I'm going to on Saturday that have a certified 27.