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Posted on 8/30/16 at 10:19 pm to jbgleason
quote:Most US Gold Coins pre-1933 which circulated (business strikes) didn't get much wear on them. They sat in vaults or personal safes much more than they circulated.
Read the entire thread thinking these were 1896 coins, misread the OP, and thinking damn you don't get much for an uncirculated 100+ year old gold coin?
For example a 1891-S $20 Gold piece is over 96% of an ounce of gold and in uncirculated condition (MS 60) it sells today for right around $1,500.
Posted on 8/30/16 at 10:21 pm to Dandy Lion
The 1885 and 1889 dollars could be rare and valuable, if they have the mintmark "CC" on the reverse side underneath the eagle.
That one dated 1905 is surely a counterfeit. The Mint did not issue any dollar coins with that date.
That one dated 1905 is surely a counterfeit. The Mint did not issue any dollar coins with that date.
Posted on 8/30/16 at 10:53 pm to soccerfüt
I didn't read the op correctly and when I saw the prices I thought he had 1 ounce coins. And $1200 is about right on what you would get when selling a 1 ounce gold eagle.
Posted on 8/30/16 at 11:00 pm to Drop4Loss
You obviously have no experience with precious metals. If you're not getting 90% then take your business elsewhere. Most REPUTABLE dealers buy at 90% and sell at 110%. That's a 20% spread on average.
The spread will however fluctuate during periods of high market volatility.
The spread will however fluctuate during periods of high market volatility.
Posted on 8/30/16 at 11:09 pm to TheGooner
Gold closed today at $1,316.90. I'll buy 100 US Gold Eagles (one ounce AU/ face value of $50) from anyone tomorrow at $1,200.00 each. 
The current premium over the gold metal spot price for modern US Gold coins is about 5%, meaning the cheapest US one ounce coins are priced today around $1,375.00.
South African Krugerrands from the apartheid period are the cheapest bulk gold coinage to buy, they are normally a couple of percentage points cheaper than US Gold coins.
(~$ 1,345 today)
ETA: Louisiana precious metal dealers have to now pay 4% state sales tax on these transactions thanks to the latest State Tax changes. These transactions were formerly exempted. States' Tax Laws Link
The current premium over the gold metal spot price for modern US Gold coins is about 5%, meaning the cheapest US one ounce coins are priced today around $1,375.00.
South African Krugerrands from the apartheid period are the cheapest bulk gold coinage to buy, they are normally a couple of percentage points cheaper than US Gold coins.
(~$ 1,345 today)
ETA: Louisiana precious metal dealers have to now pay 4% state sales tax on these transactions thanks to the latest State Tax changes. These transactions were formerly exempted. States' Tax Laws Link
This post was edited on 8/30/16 at 11:17 pm
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