Graded Gold Double Eagle Value?

[Terp08]

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!

 

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[sagittarius98]

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).

 

[Terp08]

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

 

[Diver_Down]

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.

 

[waseeker]

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

 

[Terp08]

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!

 

[rhedden]

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.