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What to accept for my gold in relation to spot.
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<p>[QUOTE="Publius2, post: 7548658, member: 105571"]I did the deal this morning. You guys were kind enough to offer your thoughts which helped. There's no reason why I cannot share the details with you. Just remember that it was important to my and my siblings to not take the risk of shipping coins. And I gained some future "street cred" with my local dealer. BTW, he had no problem swinging a check over $100K.</p><p><br /></p><p>Gold spot was $1828 at the time of transaction.</p><p><br /></p><p>1 oz. Maple Leafs - $15 over spot.</p><p>1 oz. Kruggerands - $15 over spot.</p><p>1/2 oz. and 1 oz. US Mint gold medals - 2% under spot (these were headed to the melt pot).</p><p>Ungraded GSA 1884-CC Morgans in original boxes with COAs. Typical baggy MS-62/63 coins (I kept the good ones for myself) - $285. This was a real surprise. These have skyrocketed in price since last August when I had the same dealer appraise them at $195. This month's Greysheet has them at $245 so the dealer paid a premium for them.</p><p><br /></p><p>So he made some money, I liquidated an estate to my siblings' satisfaction, and didn't have to deal with the hassle, risk and expense of shipping coins. Probably left a little bit of money on the table compared to the very best I might have been able to do, but it was worth some money to avoid exposing my siblings to risk they don't understand.[/QUOTE]</p><p><br /></p>
[QUOTE="Publius2, post: 7548658, member: 105571"]I did the deal this morning. You guys were kind enough to offer your thoughts which helped. There's no reason why I cannot share the details with you. Just remember that it was important to my and my siblings to not take the risk of shipping coins. And I gained some future "street cred" with my local dealer. BTW, he had no problem swinging a check over $100K. Gold spot was $1828 at the time of transaction. 1 oz. Maple Leafs - $15 over spot. 1 oz. Kruggerands - $15 over spot. 1/2 oz. and 1 oz. US Mint gold medals - 2% under spot (these were headed to the melt pot). Ungraded GSA 1884-CC Morgans in original boxes with COAs. Typical baggy MS-62/63 coins (I kept the good ones for myself) - $285. This was a real surprise. These have skyrocketed in price since last August when I had the same dealer appraise them at $195. This month's Greysheet has them at $245 so the dealer paid a premium for them. So he made some money, I liquidated an estate to my siblings' satisfaction, and didn't have to deal with the hassle, risk and expense of shipping coins. Probably left a little bit of money on the table compared to the very best I might have been able to do, but it was worth some money to avoid exposing my siblings to risk they don't understand.[/QUOTE]
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