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<p>[QUOTE="William Burnham, post: 3504921, member: 103249"]Well, the local coin shop guy said that the values of double eagles, even ones in perfect shape, are way down except for a few rare dates. He said that this is because of the flood of them from European banks. He said he would only pay the melt price for the two I brought in (about $1230) and would sell double eagles only for slightly over that (about $1260). He also said that the two I brought in had been "lightly cleaned." I asked him if he had any double eagles for sale for $1260 and he showed me a rather beat up Liberty one from the 1870s. He said he had no others in the shop. At the same time, on HA.com, the lowest auction sale price within the last month was $1440 and many of them went for a lot more than that. I'm not sure what to make of all this, except that the local guy obviously has an incentive to run down the price of any coin he is buying.[/QUOTE]</p><p><br /></p>
[QUOTE="William Burnham, post: 3504921, member: 103249"]Well, the local coin shop guy said that the values of double eagles, even ones in perfect shape, are way down except for a few rare dates. He said that this is because of the flood of them from European banks. He said he would only pay the melt price for the two I brought in (about $1230) and would sell double eagles only for slightly over that (about $1260). He also said that the two I brought in had been "lightly cleaned." I asked him if he had any double eagles for sale for $1260 and he showed me a rather beat up Liberty one from the 1870s. He said he had no others in the shop. At the same time, on HA.com, the lowest auction sale price within the last month was $1440 and many of them went for a lot more than that. I'm not sure what to make of all this, except that the local guy obviously has an incentive to run down the price of any coin he is buying.[/QUOTE]
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