Discussion in 'Coin Chat' started by Illinois Newby, Mar 6, 2021.
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That last double eagle looks pretty well preserved, but... I'm worried about the raised bump above the date, and the weak detail in the eagle's left wing (viewer's right) near the shield. I'm not sure it's genuine. I'd carefully check its weight and thickness before spending money submitting it.
Fake on your poll.. Did you ever think they were?
Also.. Did you mean NGC? You put NCG
And you very likely would give that back if not more if you went to sell them.
Sure, if they straight grade to something higher than 63 or 64. Below that, isn't a common date's value just a small premium above melt, assuming they're genuine?
The Saint has a spread for anything MS, the others have some spread at 62 and starts to a significant at 63 with big ones starting in higher grades. Of course there's also the CAC spreads where if you don't use PCGS or NGC you take those options off the table and how auction houses would view/deal with the different company slabs if you wanted to sell that way.
I answer that by understanding there are two distinct markets, one for the bullion value and one for the numismatic value, and that they fluctuate independently of one another. Thus, when the bullion market out-performs the numismatic market, that's when you see the grades selling at near spot.
Why do I think she should have them graded? The grade will authenticate them, for one, providing better liquidity and a larger market for them. Two, if they CAC, there are dollars in that fourth-party endorsement, however one wants to slice it. Three, they'll keep them safe from handling. Four, her heirs just have to figure out how to read a price guide to cash off on these expensive coins. There's probably more. The thing is, given just what I covered, I think the costs dwarf the benefits.
flat so they don't damage any near by coins. Getting a "Details" grade
stinks, especially when it could have been prevented.
The Saint Looks like MS63/64 and so does the Liberty, either.
The 5 Dollar Lib isn‘t worth it to put extra Money for grading, because it‘s very generic.
But hey, do what you like.
@johnmilton @Insider @Jack D. Young ?
I wouldn't do that. You're just giving your coins to a stranger and taking a risk doing so. He could close his doors the next day and your coins are gone. Just because someone has a shop or a table at a show doesn't mean they're honest or trustworthy. It's better to do it yourself
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