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  1. #1

    Apr 2012
    57
    2 times
    All Types Of Treasure Hunting

    Graded Gold Double Eagle Value?

    Selling some items and was offered a trade for a 1895-S Gold Double Eagle in MS61. What is an approximate value for this coin? I looked on ebay but the spectrum of prices was way too broad. A friend looked it up in redbook and it said ~$1850 but I know redbook is always 100% accurate.

    Thanks!

  2. #2
    us
    Jan 2012
    Maryland
    White's Coinmaster
    5,814
    632 times
    Coin Roll Hunting
    Quote Originally Posted by Terp08 View Post
    Selling some items and was offered a trade for a 1895-S Gold Double Eagle in MS61. What is an approximate value for this coin? I looked on ebay but the spectrum of prices was way too broad. A friend looked it up in redbook and it said ~$1850 but I know redbook is always 100% accurate.

    Thanks!
    Redbook is accurate, but it reflects prices that would be more like dealer selling prices, not always the value prices. Since it is MS-61, it is only worth the gold melt value for it, as the numismatic value is much lower. Therefore, it should be $1589.02 (unless the price skyrocketed since 2008, or he has an old redbook, and read the MS-63 price, which is $3250).
    1/100 of an American dollar is a cent. It is NOT a penny. The word penny is used by several other countries, such as Great Britain, to denote their smallest denomination. In order to be numismatically correct, you must use the term cent to describe the American coin.

    Quote Originally Posted by Edmund Burke
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  3. #3

    Apr 2012
    57
    2 times
    All Types Of Treasure Hunting
    I meant to say in the original post that I know redbook isnt always correct when it comes to market value.

    From viewing the coin it didnt appear to be in great condition and I think having it slabbed is more of a guarantee that it isnt fake as opposed to a condition reason.

    Hes thinking its close to $2000, I thought he was way high and youve confimed this

  4. #4
    Charter Member
    us
    Dec 2008
    St. Augustine, FL
    3,298
    737 times
    Sorry, I have to disagree with Sag. No way are you buying Old Gold in mint state condition for melt. Old Gold only goes for melt in EF and below. That being said, assume a base-line of $1600 for melt, then a reasonable asking price would be $1750-$1800. $2000 is way too high for MS 61.

  5. #5
    us
    Dec 2006
    Pacific Northwest
    Whites DFX; Minelab eTrac
    1,127
    22 times
    All Types Of Treasure Hunting
    Honorable Mentions (2)
    The most recent Grey Sheet shows Gold @ 1663.40. At this level your double eagle shows bid/ask prices as follows: MS60 1665/1725 MS 62 1695/1745

  6. #6

    Apr 2012
    57
    2 times
    All Types Of Treasure Hunting
    Couldnt make a deal with the guy. He was convinced it was worth way more than it was then offered to buy my item for spot instead. Not happening, sold to provident for more than spot +$5

    Thanks for your help everyone!

  7. #7

    Mar 2003
    203
    37 times
    Here are the most recent results from the Heritage auction archives: NGC MS61 sold 5/15/2011 for $1,667.50; ANACS MS61 sold 3/20/2011 for $1,552.50. The price for gold bullion has changed somewhat since last year, so check the spot price for gold. However, the auction data show these trade right around greysheet Bid, and there is little numismatic premium over gold bullion. I'm thinking $1700 is fair based on the MS60/62 Bid pries quoted above.

 

 

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