All, I have two Gaudens 1907 MS63 PCGS $1575 1923 MS63 PCGS $1399 One Liberty Head: 1900 MS63+ PCGS $1750 And 1909-D $5 Indian Head ACG MS 62 $525 Am I overvaluing these coins or is the gold market dead? I feel like I am missing something..... Or I am insane Thanks for the help as usual Cheers
You're staring prices seem reasonable to me. Two things I would suggest is see if you could get better pictures. Not to be harsh, (I know photos of gold aren't easy) but the other auctions for coins similar to yours looked much better in their pictures. Your pictures of your 1907 the whole slab pictures look a lot better to me than the large pictures of just the coin, which is strange because they look they could be the same picture just different size, maybe you edited the blown up one to much, I don't know. Second would be free shipping, even if you bump the price up. People seem to love free shipping. It always helped in my auctions.
Yeah... I won't make excuses.. my pictures of gold stink! I will try to snap better ones. Also, good point about free shipping.
Eeek.... just got a quote back from a Dealer.... $1250 for each Gauden, $1500 for the 1900, and $450 for the $5 Indian. Since these are cash values, I guess it's not THAT bad unless I get hit with tax on the sale.
As your foot note says, Ca$h Money Collector. Does tax become an issue for the average collector that does not sell very often? (that anyone knows?)
If the prices in your original post are retail prices, then I don't think the dealer's quote is too bad (provided you're not losing money at those prices). That said, I'd still be tempted to sit on them a little longer and see if gold improves any.
Touchy subject around here..... So I'm gonna plug it. "You should report all income generated on sales to the IRS no matter what amount of money". As for getting 1099s, PayPal will send you one when you exceed $20k AND 200 payments (sales). I'll let you read between the lines. They are conservative numbers based on what dealers are selling them for on eBay. I try to be the lowest price/highest value out there. Majority of my big value coins were bought 15-20 years ago. I don't have the receipts but when it comes out to a net cost, I have made bundles of money.