I'm looking at an auction and was wondering what might constitute a reasonable bid on the following lot of $20 gold coins (7 total). The suggested price is $5800. Its easy enough to calculate the current spot price (approx $4800), but I'm not well versed in precisely how the grade may increase the value on a given coin. (for arguments sake, lets assume the grades are accurate). Here goes: 1901 S AU 55 1900 S AU 58 1880 S XF 45 1900 S AU 55 1915 S XF 40 1922 MS 60 1915 S MS 60 Note also this is not an online auction. Thanks in advance.
#1) Are they certified coins? #2) If not how much do you trust the buyer, a lot? If you can't answer yes to either of the above it does not matter what they are worth. Punt
Treashunt, Thanks for the reply, but I am well aware of the pitfalls and snares of purchasing coins. Gold is a new area for me, so I'm looking for a $$$ amount based on the info given. Again, please assume that the grades are accurate, certified, stamped by God as the real deal, etc. As an alternative, a link to a site with approximate "values" would be helpful. Thank you.
