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<p>[QUOTE=&quot;imrich, post: 1977840, member: 22331&quot;]I believe you&#039;ve probably asked a question for which there lacks a definitive answer.</p><p><br /></p><p>I really can&#039;t define &quot;working class&quot; so I&#039;ll attempt to answer from my personal perspective as an aged individual who still crawls around on the floor of a local hardware store for a net amount less than federal current minimum wage to repair utility vehicles. Also one who supplies &quot;Pro Bono&quot; efforts as an Ombudsman for the disadvantaged, including maintenance to local &quot;Senior Centers&quot;.</p><p><br /></p><p>I&#039;ve spent a significant portion of my life locating keys and semi-keys of the classic U.S. Gold coins for associates who desire same, but haven&#039;t my talents for location/negotiation. I&#039;ve spent decades searching and acquiring some of these &quot;treasures&quot; which I often use as an honesty benchmark for individuals advertising to assist us &quot;unenlightened&quot;. An example of these efforts was previously explained in this thread, while testing the integrity of a world renown numismatic firm.</p><p><br /></p><p>My found &quot;treasure&quot; coins are normally given to others at less than a &quot;fair market&quot;, even occasionally less than my acquisition cost.</p><p><br /></p><p>As is the case in determining criminal culpability in statutory violation of &quot;bullion laws&quot;, a fair market price is often elusive, but generally must be established for prosecution or defense completion. Usually auction sales records and Grey Sheets are adequate to establish general upper/lower values for Numismatic Worth, and prosecution wouldn&#039;t be attempted for publicly unvalued items.</p><p><br /></p><p>When establishing violations of code, some coins are easy tools. Four that I can use are TPG MS63 certified Gold $20 Double Eagles, which I believe can be considered &quot;Working Class&quot; coins. The dates are 1907 High Relief, 1908-S, 1909/8, and 1913-S.</p><p><br /></p><p>Sales records for these high end coins are scarce, what are their values? The only 1908-S &quot;mint state&quot; I believe auctioned by Heritage is an MS62, sold in 1905. What is it worth? I usually use PCGS values as the high end, and Grey Sheet ask as the low end of values.</p><p><br /></p><p>I&#039;ve individually placed these four coins with others for an offering to buy by local &quot;dealers&quot;. The process/ritual is virtually always the same, where the GENERIC &quot;grey sheet&quot; is produced, and GENERIC (i.e. currently ~$1500, for any of the 4 having a value of 3-15+ x greater) bid price or less is offered for all. This is normally followed by a thanks for the effort, and a subsequent reporting of the transaction. As in the case reported earlier in this thread, I would have sold at Grey Sheet ask price, if dealers were more honest. I expect to retain possession of my four treasures, and many others, until I place them on eBay some day.</p><p><br /></p><p>I suggest that you use Grey Sheet ask as the low bid, and established archive net prices as the high end.</p><p><br /></p><p>JMHO[/QUOTE]</p><p><br /></p>

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