Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
How to sell mid grade double eagles?
>
Reply to Thread
Message:
<p>[QUOTE="ddddd, post: 26239897, member: 22377"]In today's market, 5% under melt is about the going rate for any common date double eagle graded MS 63 or lower. The fact that it is graded helps for authenticity but does not change the price much (if any) when selling to a dealer (to get a little extra, you would need to sell to another collector, which has its own challenges).</p><p><br /></p><p>An auction is a bad idea for common gold since you will net less in most cases. People know the melt value and the buyer's fee so often they will bid accordingly. Even if the final all-in price is well over melt, say $3,600 (melt is about 3,337 as of this post), but the auction has a 20% buyer's fee (like Heritage), the net to the seller will be $3,000 ($3,000*1.2 = $3,600). Selling to the dealer for 5% back of melt would net $3,170 ($3,337*.95), which is a much better outcome.[/QUOTE]</p><p><br /></p>
[QUOTE="ddddd, post: 26239897, member: 22377"]In today's market, 5% under melt is about the going rate for any common date double eagle graded MS 63 or lower. The fact that it is graded helps for authenticity but does not change the price much (if any) when selling to a dealer (to get a little extra, you would need to sell to another collector, which has its own challenges). An auction is a bad idea for common gold since you will net less in most cases. People know the melt value and the buyer's fee so often they will bid accordingly. Even if the final all-in price is well over melt, say $3,600 (melt is about 3,337 as of this post), but the auction has a 20% buyer's fee (like Heritage), the net to the seller will be $3,000 ($3,000*1.2 = $3,600). Selling to the dealer for 5% back of melt would net $3,170 ($3,337*.95), which is a much better outcome.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
How to sell mid grade double eagles?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...