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- - What is the best way to sell MS 64 pre-1933 coins (http://goldismoney.info/forums/showthread.php?t=27599)

goldjo | 01-03-2006 11:08 AM
What is the best way to sell MS 64 pre-1933 coins I have purchased some MS 64 St. Gaudens from the 1920s. I am intending to sell them soon. The spread on the wholesale and retail is quite high with most coin dealers. Is there a better way to sell directly without paying the high commission to the dealer? E-bay does not seem to be much of a market right now. However, I imagine it will someday work.

RossL | 01-03-2006 11:58 AM
Re: What is the best way to sell MS 64 pre-1933 coins Quote:
Originally Posted by goldjo I have purchased some MS 64 St. Gaudens from the 1920s. I am intending to sell them soon. The spread on the wholesale and retail is quite high with most coin dealers. Is there a better way to sell directly without paying the high commission to the dealer? E-bay does not seem to be much of a market right now. However, I imagine it will someday work.
Are they certified by PCGS or NGC? If you sell them on ebay you need to make high quality pics with a scanner, otherwise the buyers won't bid. Even if they are certified.

goldjo | 01-04-2006 11:33 AM
Re: What is the best way to sell MS 64 pre-1933 coins Yes, they are certified PCGS or NGC.

GoldenSheikUrBootie | 01-04-2006 12:09 PM
Re: What is the best way to sell MS 64 pre-1933 coins This is why I'd recommend staying away from certified coins. It's more difficult to unload them when it's time to sell. The spread is a killer AND if gold replays 79-80 scenerio the price on certified coins will NOT keep pace.

goldjo | 01-13-2006 10:02 PM
Re: What is the best way to sell MS 64 pre-1933 coins Actually, after reviewing the percentage increase of gold bullion versus the pre-1933 gold, the pre-1933 gold increases much more back in '79. That has certainly been the case so far, even including the spread.

GoldenSheikUrBootie | 01-13-2006 10:22 PM
Re: What is the best way to sell MS 64 pre-1933 coins Quote:
Originally Posted by goldjo Actually, after reviewing the percentage increase of gold bullion versus the pre-1933 gold, the pre-1933 gold increases much more back in '79. That has certainly been the case so far, even including the spread.
Oh contraire, in 1979 I stood in line behind an older fellow complaining about the metal dealers only paying for weight and not considering a coin's collectable value. No internet then, but I could still see a similar problem occuring. Finding a BUYER willing to pay you a substantial premium could be more difficult than you think. "After reviewing" the percentage of increase a coin dealer (read salesman) puts on a chart to make you think your getting a great deal paying his premium is all a tactic. Call goldcentral.com and ask about buying bullion. They'll attempt to steer you to collectables instantly. Confiscation and reporting are bogus. http://cmi-gold-silver.com/gold-confiscation-1933.html Personally, I'd only consider collectable coins at near bullion prices. But, that's just me. If you're trying to hit a home run on one special coin you might be disappointed.

lhslancers | 01-13-2006 10:30 PM
Re: What is the best way to sell MS 64 pre-1933 coins Quote:
Originally Posted by GoldenSheikUrBootie Oh contraire, in 1979 I stood in line behind an older fellow complaining about the metal dealers only paying for weight and not considering a coin's collectable value. No internet then, but I could still see a similar problem occuring. Finding a BUYER willing to pay you a substantial premium could be more difficult than you think. "After reviewing" the percentage of increase a coin dealer (read salesman) puts on a chart to make you think your getting a great deal paying his premium is all a tactic. Call goldcentral.com and ask about buying bullion. They'll attempt to steer you to collectables instantly. Confiscation and reporting are bogus. http://cmi-gold-silver.com/gold-confiscation-1933.html Personally, I'd only consider collectable coins at near bullion prices. But, that's just me. If you're trying to hit a home run on one special coin you might be disappointed.
Yep. Now if we're talking about truly rare coins then that is different. Common date American Gold is a real hustle. Don't fall for this high commission game just stick to the bullion.

AMforPM | 01-13-2006 11:49 PM
Re: What is the best way to sell MS 64 pre-1933 coins I'm sorry to admit I got talked into 4 of those after I had a good base in Au, Ag and palladium. I want out of them too, and was considering ebay. I would MUCH rather have that in silver or commodity stock. They have gone up enough to beat the spread now at least and I was wondering whether to sell them back to the dealer or try ebay. I stopped using that dealer after that because I called to buy silver. Maybe he meant well, but it left a bad taste, besides making me feel like an idiot for falling for it. It probably is true that they will have some hot months maybe when gold hits $600 or $800. But getting shut of them will feel good.

goldjo | 01-19-2006 09:25 AM
Re: What is the best way to sell MS 64 pre-1933 coins I should note that I already have made a fair amount on these coins... Not a ton but enough. The prices quoted by the sellers were previous wholesale market highs as reported in the trade rags ( I think the gray book). I read that page you sent me and it is very interesting. I can get out now and easily convert it into bullion. However, based upon the previous market high data, I will make more if I keep it in the coin... What a pain, I can see why people prefer securities. There is not as much confusion.

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