Hi, first post. I have a 1924 St. Gaudens $20 gold, NGC graded and slabbed MS-66. I’d like a quick and easy way to get a fair price. I live overseas, but I’ll be in NYC for a few days next week ... just long enough to put it into the mail. APMEX has an identical 1924 $20 MS-66 for sale for $3,345 on their web site. But they advised me they would only pay $1,925. That seems to me an awfully big spread. I don’t have the time or inclination to mess about with eBay. What do you suggest? Many thanks in advance.
That squares with my experience almost everywhere. Gold is only worth a lot to the firm selling it, much less to the same firm when buying it.
While you're in NY contact Heritage auctions. They have a NY office. You can drop it off and consign it there. Only down side is waiting 2 or 3 months to get paid.
On the up side, unless you instruct otherwise, the "cool factor" of your incoming mail will increase.
I'd send it to Great Collections. Given the value of the coin you probably won't have to pay a seller fee other than a few dollars to catalog it. You'll probably get it listed, sold, and your money faster than auction houses like Heritage. I doubt if you'd get any more money selling through Heritage or some of the others. That's just my opinion for whatever it's worth.
I'd consign it to an auction house too. Just the idea of buying a high dollar coin from someone from an overseas location who is going to be in NYC for a short time just doesn't fly with a lot of higher end buyers.
For a common coin in a common grade like that you're going to get about the same amount no matter where you sell so I would also probably go the Great Collections route as it's a simple process and you'll get paid a little sooner than other avenues from my experience. Also one note, if you look on coinfacts at recent sales prices these have consistently been selling for $2,000-$2,300 so I wouldn't have $3k+ as your hope and Apmex's offer isn't all that awful considering that fact.
+1 on this. I have had very good results selling with Ian @greatcollection ... it is at least a $2k++ coin and they have fast turnaround on payment, etc.
https://www.ngccoin.com/auction-cen...s/1924-20-ms-fgrade-64-tgrade-64-coinid-19177 The link above is by NGC. Unless I am missing something, or your coin is an above grade 66, the hammer price for these is about $2100 with a high of $3500 and a low of $1600. There were 8 sold below $2000.
Just find one of those cash for gold places while you're in the big apple.... they would probably buy a kidney too if you were willing to sell one
The offer from APMEX sounds fair to me. If it were my coin and I needed to liquidate it quick, I would sell it to them.
They have a recently slabbed (gold shield)PCGS 1924 MS66 for sale at $2,545 The higher priced on looks like it could plus-out if resubmitted for a crossover. I'm guessing that is what they're thinking. A 1924 MS66+ goes for $3,500 on PCGS. How well do you trust your grading skills? Do you feel lucky? PCGS lists the 1924 MS66 as $2,275 APMEX likes to offer common coins at least $150 under that in order to entice people into buying. They also like to make about $150 profit. My guess would have been that they would offer $1,975 & I'm not that far off.
I agree with the idea of letting an auction house handle the sale. Another option besides Great Collections is David Lawrence: https://www.davidlawrence.com/sell-or-consign-to-david-lawrence-rare-coins, they will also offer to buy it outright.
Unless your in a country that frowns on shipping gold out of the country. I'd put it on Ebay as a buy it now price with offer and stipulate only higher feedback buyers to cut down on the scammers.
First, perhaps you should define "fair". Now as much as I can relate to and respect your desire, if there was an obvious option everyone would be doing it. Generally speaking, when it comes to coins (unless the type of material that sells itself) there's a trade-off: a quick and easy sale generally doesn't achieve the higher price everyone wants and is why it's quick and easy. At this point I would respectfully suggest determining what's more important to you - the time or the money - and then revisit this. My guess is that most collectors will not be too keen on paying up for such a coin coming from a source simply dropping it in the mail while in country and before returning home overseas, and will likely limit your options to resellers.
