A buddy of mine showed me an 1882-P Gold Eagle that his Great-Grandmother had given him when he was a young kid. The Eagle looks to me to be AT LEAST MS-60.....probably a LOT higher than that. I am definitely NOT an expert in grading coins, but this coin looked almost perfect to me. I took my 2007 Red Book out to his house to show him what the value of the coin might be. My question is this: The Red Book lists the value in MS-60 as $400.00, and MS-63 as $1350.00. Does this price include the value of the GOLD? OR....do you add the current price of Gold to that price? Those prices just seem a little low for the condition of that coin. One reason that the price may seem low.....the mintage of that particular coin is real high. THANK YOU! swick
It includes the current price of gold, although at a lower level. That said, the greysheet would be a more accurate estiamte of the value of the coin.
As is typical, the value listed in the Red Book is way off. The true value is a lot closer to $400. For example, the last 3 coins to sell on Heritage varied in grade, 1 each of 60, 61 and 62 with realized prices of $431, $388 and $460 respectively.
Doug is right, but I will add that the values for these do jump in 63. There are people who try to put sets together graded in 63. For example, dealers are bidding $420 for common $10 Libs in 62, but are bidding $1000 for $10 Libs in 63.
