I have inherited a 1907 $5 Gold Piece and am wondering my next steps as to getting it sold for the right amount of money. Should I spend the time and money to get it graded? Would anyone happen to have a guess on what it would be at if it did send it off? Thanks for any help! It is greatly appreciated!
Hard to tell from your pics. Try taking clearer shots, and then crop them. With better pics, there are many experts here that can give you some great advice!
I believe these pictures are better, I took a bunch more and these are the clearest of the bunch, dont have quite the professional photography equipment that'd be nice. Hope these help!
I think there's usually around $300 worth of gold in the 5's. ($320 at current prices.) This coin can sell from $500-$600. I think buyers want it graded, so they know it's real.
The coin is not MS, is a common/plentiful date/type, and is therefore not a candidate for submission. Melt is around $320 or so iirc, and an achieved in-hand selling price somewhere in this range is perfectly reasonable. The greater point is that short of the unseen, I wouldn't invest just time or energy into this one since it's pretty cut and dry. Good luck to you, sir.
Even coins MS coins of this date as Books mentioned one of the most if not the most common date can be had for $400 even slabbed. $500-$600 is a way to generous estimate imo unless one was talking high MS which this coin is not. OP I would not have it graded you'd just be sinking money into it. The market on common $5 gold is extremely soft right now and you'd probably be doing well to get even spot for it.
Just because something "can" sell for a certain price, doesn't mean it will. Yes $600 is MS the higher end of the range as I indicated. $500 in XF and lower than that melt. This coin doesn't have a much higher mintage than the 1909-S VDB Lincoln cent.
I'd call it an AU-53. Nice coin, but it doesn't benefit by being graded. As far as rarity, amongst the gold pieces, this is a very common date. There are far fewer collectors of gold than Lincoln cents, the rarity is relative.
Sorry you can justify it anyway you'd like but this coin cannot sell for $500-$600 and it won't. All giving the OP that information does is give him an unrealistic expectation of what he could expect when selling it, which seemed to be his whole point posting this thread.
So now we're comparing apples to oranges? Mintage, at least when compared with either the survival rate and/or popularity/demand, is utterly meaningless. There's actually an old thread in which our buddy LeRoy perfectly (and unintentionally) makes this point. According to his "figurings", the 55 DDO should be a "six figure" coin simply because it's estimated mintage is approx 1/20th (or less) that of the S VDB. Does this make sense? Of course not, so why would one ever use one of the most popular coins of the most popular type to try to make a point about a very common and plentiful gold piece? One is purely numismatic/collector value while the other, particularly in this case, is directly tied to its metal content. The fact is that if there was a ready market willing to pay $500 for this date/type/mint (or the similarly plentiful) in EF, I'd still be personally involved in this hobby and loving every minute of it. Unfortunately for me, this simply isn't the case. As much as I can and do respect the gist of what you're trying to say, please remember that we (seemingly) have someone new to the hobby asking this question. Giving them best-case, laugh-all-the-way-to-the-bank prices is really doing a disservice, and simply because they'll not ever be able to achieve them. No dealer, even one willing to give a good-guy or first-time deal, will ever cough over anywhere near $500 for a melt level coin, and even if we look to eBay completed listings, we also have to consider the fact that the OP likely doesn't have an established coin-centered account, meaning he'll not be able to achieve the same as someone who has a record of selling such material. Good or bad, we really need to keep in mind that so much of this hobby is situational.
No premium for BOTH the obverse and reverse being subject to die rotations close to 180? You could hang around here and make a few more posts. Once you have reached 10 posts you can offer it for sale here in the Trading forum. You will probably get more for it than at a dealer.
Very nice coin but agree with others definitely not worth the time and expense of grading. If you aren't interesting in holding onto it I think the easiest (and quickest) way to go about it would be to just bring to a reputable local coin shop. It has just under a quarter ounce of gold in it and I think that's about the price you can expect to get for it.
