old gold

[Lemon Thrower]

i picked up some old gold this weekend from a long time acquaintance at a little under melt.

indian $2.50 gold, $5 liberty, and $20 liberty.

one of the 5's might be XF but the others are VF at best.

what sort of premium do these get over melt?

[Country]

Dealer to dealer on $20 Liberty XF is spot+$70, VF goes for spot+$55

Dealer to dealer on $5 Liberty XF is spot+$45, VF goes for spot+$30

Dealer to dealer $2.5 Indian XF is spot+$100, VF goes for spot+$70

Getting clean, undamaged, old GOLD near melt is a nice find....

[rakattack]

Careful, I'm assuming that they're not slabbed and they're VERY commonly faked. Get them checked by a dealer as it is very probable that you have fakes.

[Lemon Thrower]

Country, thanks a lot.

Rak, they are not slabbed but common dates with genuine wear.

country, are you a dealer or just quoting the grey sheet? do you know what the Good values are dealer to dealer?

[Country]

Country, thanks a lot.

Rak, they are not slabbed but common dates with genuine wear.

country, are you a dealer or just quoting the grey sheet? do you know what the Good values are dealer to dealer?

No, I'm not a dealer. I used an extrapolation of the "Common Traded US Gold" section of the following website. It's comprehensive giving dealer prices based on spot.

http://www.coininfo.com/

[Market Harmony]

i picked up some old gold this weekend from a long time acquaintance at a little under melt.

indian $2.50 gold, $5 liberty, and $20 liberty.

one of the 5's might be XF but the others are VF at best.

what sort of premium do these get over melt?

10-15% back of Greysheet bid for acceptable grades is typical.

Regarding the fakes out there... yes, there are some, but they are certainly not the majority. Some are good fakes, and others are pretty easy to tell. Make a note sheet of what each denomination should be in weight, diameter, and thickness. Take a scale and calipers to any deal until you can discern fakes by looking at them with a loupe. Even if they are fake, they are commonly made with gold anyhow. So, if you are buying based on gold price, then you theoretically have a very good chance of getting a good deal.

[rakattack]

i picked up some old gold this weekend from a long time acquaintance at a little under melt.

indian $2.50 gold, $5 liberty, and $20 liberty.

one of the 5's might be XF but the others are VF at best.

what sort of premium do these get over melt?

10-15% back of Greysheet bid for acceptable grades is typical.

Regarding the fakes out there... yes, there are some, but they are certainly not the majority. Some are good fakes, and others are pretty easy to tell. Make a note sheet of what each denomination should be in weight, diameter, and thickness. Take a scale and calipers to any deal until you can discern fakes by looking at them with a loupe. Even if they are fake, they are commonly made with gold anyhow. So, if you are buying based on gold price, then you theoretically have a very good chance of getting a good deal.

Good call Michael, however, there are probably more fake rare/gold coins on the market on any given day than the amount originally minted.

[daviscfad]

the good thing about fake gold coins is most are still gold. it is better to have the gold coins slabbed for authenticity. the made a lot of fakes in the 1950's

[Lemon Thrower]

what does it cost to get coins slabbed?

[Devil Soundwave]

Depends on whether or not you want them to be legit or not. I gather you can now buy blank slabs for a few bucks online from China, leading to easily made knock-offs thus making "graded slabbed" coins a potential death knell for the trusting as they may naturally assume they are legitimate.

For legit stuff:

http://www.pcgs.com/grading_list.chtml

http://www.uscoingrading.com/fee_schedule.html

[rakattack]

Devil Soundwave, you are spot on about PCGS. However, you are miles in the wrong direction to submit to the second link. I've never even heard of them before.

LemonThrower, hit up NGC too, they are also a very respected TPG

[Rodebaugh]

what does it cost to get coins slabbed?

With shipping and grading fees.....about $20 on the cheap side....best to buy already slabed coins most of the time......cost more but removes the gamble.

[Devil Soundwave]

Devil Soundwave, you are spot on about PCGS. However, you are miles in the wrong direction to submit to the second link. I've never even heard of them before.

LemonThrower, hit up NGC too, they are also a very respected TPG

Doh, sorry. I knew there was PCGS and another one - Googled and figured that was it.

Guess not!

NGC it is then.

[rakattack]

Devil Soundwave, you are spot on about PCGS. However, you are miles in the wrong direction to submit to the second link. I've never even heard of them before.

LemonThrower, hit up NGC too, they are also a very respected TPG

Doh, sorry. I knew there was PCGS and another one - Googled and figured that was it.

Guess not!

NGC it is then.

I was wondering what you were thinking

[Devil Soundwave]

We don't really go in for slabs so much here in the UK. There is one good grading service here, but all the same, the fervour for graded coins is really driven by the US - coin collecting is a much bigger deal in the USA (and Germany) than it is in the UK.