1907 $20 Gold Double Eagle in plastic case

Hi all. Hoping someone here can help me out. Clearing out my mother's estate I came across this gold coin in a sealed plastic case. The original receipt was with it from some outfit called "Blanchard". The receipt says "MS65 $20 ST GAUD 1907 N/M NGC E9141". I know *nothing* about coins and the buying/selling thereof, but I'd like to liquidate this for cash. I searched The Large Watery Auction Site for this particular piece and found a couple of matches that may or may not be relevant. I also called a couple of local dealers and was quoted prices far less than half the [site] asking prices.

I need a reality check. Are the local guys lowballing a clueless newb? If this is as represented, what would be reasonable on a sale to a dealer?

Many thanks!

 

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Can you post a picture? So this is a NGC graded coin, correct?

 

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A Google search shows blanchardgold.com.

 

What ever you do, do NOT spend it as $20 lol.

There are many varieties but the cheapest variety is $4000 in MS-65.
Some varieties can be worth up to $70000 in MS-65!

Try to put it in a real auction, call some auction houses and see if any can auction it off, if worst comes to worst, throw it on Ebay but I recommend a real auction house. do NOT sell it to a jeweler or Pawn Shop, they will pay you below spot (probably $1000) and this coin is worth way above spot!

Any photos?

 

Blanchard is a very large numismatic dealer... look up your coin at m.numismedia.com 1907 $20 St Gauden No-Motto.

My recommendation would be... unless you need the money. Hang onto it... It will do a lot more for you than the cash would do if you transfer it into $$$'s... dollars go down. St Gaudens right now are at the lowest values in 5 years.... Keep it a while;p

 

I whole wholeheartedly agree, it would be best to hold onto for a while.

 

Wow! Thanks for all the helpful replies!

Picture.... I dunno. The plastic case seems to have some minor flaws and scratches in it, and I'm pretty sure that opening it up would be a no-no, but I'll give it a try.

NGC graded.... How would I determine that? Blanchard's site has the veneer of legitimacy and they have included "NGC" in their description of the coin, so would it be safe to assume that it is, in fact, NGC graded?

Thanks also confirming my suspicions that I was about to be taken-advantage of. Keeping it is an option, so that may be best at the moment.

Let me see about some pics now.

Thanks again for all the advice!

 

The plastic case would say NGC on many locations on it.

 

Do NOT take it out of any holders it is in, please! Take a pic in the holder.

 

if its NGC it will say so on the case with a certification number..do not remove it from a sealed case!

 

lol

 

Numismatic Guaranty Certification (NGC) is one of the most depended on grading services in the world. It cost around $50 to get them to certify your coin.
Like others said, don't remove it from the holder, without it the coins drastically decreases value and to make it market acceptable you would need to send it out again to get certified. The scratch on the holder does not matter.
What it the big number beneath MS-65, and above the bar-code?
MS-65 is it's assigned grade, and trust me, MS-65 is a good grade.

Here is a 1907 20 dollar gold piece in a NGC holder, if your coin is in this, or something like this holder (there are many variations of NGC holders), than it is graded by NGC

not my photo

Congrats on owning such a nice coin, I could only dream of owning something that nice.

 

You really need to narrow down the details beyond the year and also ascertain the coin's grade (we can help, but we need pics).

Assuming it is an MS-65, it's worth a multiple of gold's current price.

 

Here are the pics, I hope. Decided to try the scanner instead of camera, so pls let me know if these should be better in some respect. FWIW, the flaws in the plastic don't seem as prominent as they actually are.

 

http://www.ngccoin.com/certlookup/index.aspx?CertNumber=324815-047 here it is..

 

Holy cow.

 

nice coin, i would hold on to it as the value will rise....

 

Very nice! NEVER take it out of that holder. That is a big part of the value! Plus it protects the coin.

 

Current ms65 St gauden common dates value seems to be right around $3940... this is retail... you can expect a coin dealer to charge about 15%-25% less... your goal is to sell it obv. at closest to price guide... private party you should be able to get about $3900 on any given day... NOW... when gold spikes in value... this coin will or should based on past performance increase the percentage or spread between its ask and spot gold... gold spot today $1293/oz. 3940-1293= roughly 200% over melt... this will increase as gold climbs back up... your goal is to liquidate the coin at that peak. Or hang onto the coin because it will always be a great storage of wealth... It's not necessarily a common date... but not a rare date. Its an excellent grade so over time... its numismatic value or rarity value can also increase... increase that gap between spot gold over time no matter what the spot value of gold performs like.