How to sell mid grade double eagles?

Thanks for all the replies.

Another aspect of my situation is my location which is relatively rural. I have one gold buyer/dealer and one coin dealer within a hour drive. I really don't like the coin dealer because his prices out of line and his security dogs maul you when you enter the store.

I like the coin show idea but again I'll have to do some serious driving to get to one.

As to what I have (I was mistaken about the grading company. They are both PCGS)

edited - with threads like this care has to be taken so as not to break the rules

 

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One of my neighbors wanted to sell some one ounce American Gold Eagles. I found a local dealer who would pay 100% of melt. I don’t think you could do better than that. Getting that for lower grade $20 gold pieces seems like the best one can do, given the (insanely, my opinion) high gold prices.

 

It seems like the green label holder might be worth a little premium. It also seems like it's worth driving a couple hours for $6500 worth.

 

I've felt good what I sold to APMEX. Quick payment and no hassle. Much better than using ebay and paying the fees - although they always seem to sell quickly there. I've mostly sold certified bullion, like buffaloes or common date $20's

 

any foto(s) of the gold coin(s) ?

 

Thats what my dealer does. And I could get the money quick. With heritage it would takes months with no guarantee of the price. I would never sell to a we buy gold place - or even a pawn shop. So driving to another dealer or a coin show sounds like a better plan. And you can always call them first to see what they would do.

 

Also a lot more certainty with a place like APMEX. No worries about fraudulent or grumpy buyers.

 

Reach out to Ian at GreatCollections ... seems like their bread&butter material and he won't steer you wrong.

 

Good idea ... should have thought of this since one of the coins was bought via his auctions.

And sorry about the picture posting violation. I understand why such a rule exists.

Mopy

 

I greatly admire this double eagle because of the date, 1896. That was year of William Jennings Bryan's "silver crusade." The silver dollar and the double eagle as the "flagship gold coin" were of political importance.

This $20 gold piece is grade MS-63, and I think that it is high end for the grade. Given the gold price, which gobbling up the numismatic premium, the grade makes little difference.



Here is a 1796, which is also grade MS-63. It's also high end for the grade.

 

I contacted GreatCollections and they were quick to respond, and gave an estimate of $6000 to $6500.

My local gold buyer/melter is at 5% below spot. With gold rattling around $3400:

$3400 x 0.95 = 3230 x 2 (2 coins) x 0.9675 = $6250

Seems like my results are going to be pretty much the same regardless of which route I go.

Maybe its a sign I should just hang onto them ...

 

I have several A/U examples most are 58,s just like the value but this is when GOLD
was under 2k an oz, with common dates they are just treated like bullion, I would avoid any type of autction though.

 

If it was a somewhat "rarer" year/mint and if it had a unique holder, you could get a premium when gold was lower.

I bought an MS-63 1915-S at FUN 2020 for about melt (3% premium accounting for the gold content) when gold was about $1,650. I sold it for about $2,350 when gold was just over $2,000 a few years ago. It was in an OGH.

 

Years ago, I don't agree with that. The really nice looking $20 gold pieces in MS-62 to 64, which were not chopped up, had a numismatic premium. I bought and sold them through the years. Now that gold is over $3,000 an ounce, the numismatic part is gone.