When I first started collecting coins & bullion in 1999 I bought a 1990 1 oz gold eagle in a U.S. Mint velvet box w/ COA. The box is marked proof coin. I stuck it in a safe and just looked at it today (considering selling). It does not have a W mint mark. Don't all proof gold eagles have a W mint mark? I bought this from a dealer in Clio, Mich. that I have suspected, and have heard from others, is not exactly reputable. What recourse would I have if I was taken? It's been 10 1/2 years. Gold closed at $260.45 the day I bought it. I paid him $550. Thanks for your help:rolling:
Well, the first thing that comes to mind without seeing pics is whether or not this may be a bullion/unc version. I would assume that you know the difference between the two types of coins, but I don't want to assume anything. I have seen where some people buy the empty boxes and plastic coin holders and use them for their bullion coins. Could this have happened. Second, are you sure you are not overlooking the mintmark. It should be right below the date. Once again, I don't want to assume that you know this, but I don't know you and what your background is. Lastly, welcome to Coin Talk!
There is a VERY small W below the X in MCMXC 2 stars below the date. Is this the mint mark? You need a magnifier to see it
Ok then I guess I didn't get ripped-off. I was expecting to see a W on the reverse of the coin. The W on the front is so very tiny and away from the date. Thank you all for your help!!
http://www.coinpage.com/coin-image-6747.html This should help with what it should look like. I know it is not the same date, but the mintmark should be in the same location. Hope this helps.
From what you paid back then, it was pretty hefty price considering gold was $260/oz. That coin today sells for quite a bit more than waht you paid for it..Have not checked prices in a while but generally Gold Eagles are considered Bullion Coins..Some of them with scarcer mintages will command slight to moderate premiums. Proofs will always (in most cases) coast a little more than an Unc coin. If you sold now you should relaize between $1100-$1300 for the coin. Maybe more maybe less depending on it's apperance and condition. RickieB
It seems to me like you were overcharged 10 years ago but because the gold spot price has increased you have made a considerable profit now. Such is the bullion market. I wish I had bought more when the spot price was lower. TC
Yeoman blue book 2009 has it prices at $975, but this was when the price of gold was about $900. So, price accordingly to the current gold value.
You might check with some more reputable dealers... there was a point a few months ago some dealers were paying more then $2000 an oz for proof gold American Eagles. I would bet that it's more like $1,300-$1,400 these days.
I think you may have payed more than you should have when you purchased the coin, but considering what gold is at now, you will do well by selling now. Gold could go up more yet, but the opposite could be true also. Decisions, decisions...
