Expert help requested - Gold Coins

[77T]

Hi there to our coin collectors and numismatists on TRF. I could use some help - on vacation and away from any PC access. Also, I am no expert on coins...

Our family is trying to fairly distribute some inherited coins among siblings. There were a few gold coins in a safe with lots of other silver coins. I did some fast research as an amateurish attempt.

Can any experts say if I am in the right ballpark/zip code on the valuations below? The values were drawn from eBay completed listings over the past year - the “melt value” was drawn from Friday’s closing spot gold price in US.

We are trying to be fair so I wanted some expert input. Thanks in advance.



























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[wantonebad]

JMHO and not pointing out anything you don't know already but I wouldn't be basing any values for gold coins on anything other than a registered numismatist and even with the added expense I would consider having these coins professionally graded.

[THC]

rarity is key, I noticed weight was not part of descriptions, so that may play into the value as well

[breitlings]

check our what apmex would pay for them. should be a fair guide.

[s14roller]

I think it might be worth checking to see if there is a coin forum that has grading subforum that members can help with.

[glenn_herwig]

Being a coin collector myself. I think the first coarse of action for you and your family to do is find the highest rated and most reliable coin dealer/store in your area. Next get a free appraisal. Having inherited coins with my brother before almost always the best coarse of action is to sell them for the best possible price and take the cash. Coins come in so many different shapes in sizes equally distributing is a hard task. But nonetheless can be done. Good luck in your coin endeavors!

[77T]

Thanks for the input guys. Yes I know about the websites and ampex.

The melt value was an easy way to give you the weight. I don’t have scales. But these coins are widely traded. None are rare but their bullion value is less than their sold value in the most recent eBay sales.

Still looking for any experts who may know better info than I’ve determined or maybe to validate some of it.

I also didn’t say earlier but by tomorrow morning this will get determined using beat data we can find. Not perfect but a surprise outcome of a family weekend gathering.




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[GGGMT]

Fun weekend surprise!

[itchy243mhz]

Be aware that none of these coins are considered in numismatic terms as “good”. They are far better than good coins and in numismatics these condition terms matter. As advised get a informed appraisal done. I would steer away from the melt value as a guide on worth. Melt is what scrap gold is measured by, none of these coins are scrap by any measure.


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[Keadog]

Have you considered having them professionally graded by NGC or PCGS? The cost will be a small fraction of their value.
It's hard to tell from the pics, but agree with above they are better than "good", especially the Eagle and 1/2 eagle. But i haven't looked at coins seriously since I was a kid collecting with my dad. Looooong time ago.
Once they are "slabbed" and graded, it'll be much easier to establish a fair market value for distribution.
You could even sell them (far more easily) on eBay once graded and then split the net proceeds.

[Keadog]

BTW, try to avoid handling them as much as possible, Get some cotton gloves like the watch guys wear in their ads.

[enjoythemusic]

Am sure there are experts here, yet have dabbled. Agree rarity and condition are key so perhaps send to PCGS for grading IF you want to be sure. Not familiar with those exact species / coins so have no specifics on those coins to share personally. Wish i knew more :(

[Abdullah71601]

I can't help with the coins, but have done the inheritance gig with collectables. There is far less residual animosity if you get them expertly appraised, sold, and the cash distributed equally.

[andromeda160]

They’re all bullion coins. If any family members want them give them at scrap value as no dealer will pay more than that for them. The new foundland is the exception, but even there you would be lucky to get much if any premium.

I bought a 2 1/2$ Indian for my father last year in unc condition for melt value, and as a pawn broker generally sell these type coins for 2% above melt

[Art 1]

I always loved the $5 Indian. Beautiful coins.

[77T]

Thanks everyone - we did use the melt value just to be fair. There’s no telling what the values will be some day in the future when we pass along. Greg’s input sort of confirmed that for us.

Now for the backstory that I didn’t have time to share earlier...

We were doing a weeklong family reunion at the beach when my sister uncovered these gold coins in a box of documents that we were reading solely for historical value. You know, tracing family roots and such.

We knew about hundreds of other old coins (silver, nickel, copper) that we were separating amongst us. Finding the gold ones were a surprise. Some of the silver went back to the 1840’s.

My Mom had done an inventory when she closed out the safe deposit box to leave her home and move across the State to a retirement community. There was a long inventory list of all those other coins but only one entry “$32 Gold Coin”. We had passed this entry off for 2 years since we didn’t see any gold among the coins - and wanted to wait a while after her death to settle the property items so we didn’t have heavy emotions.

I didn’t know the US had a $32 coin so the inventory entry was a puzzle until my sister found them. There were 2-$10; 2-$5; and 1-$2 Newfie = $32 - - yep, $32
My only conclusion was my Mom had done this as a form of security via obscurity.

It was a pleasant week on the beach and I appreciate everyone’s help with the valuations including PMs. The eBay sales results I had found were interesting but I don’t think any of us are selling.

The thought that the last hands that touched these were my Mom’s back in 2007, when she lovingly hid them in an envelope amongst papers that she knew we would only see after her death was heartwarming. I’m sure she was watching us from above and smiling.


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[Fleetlord]

Common dates, but nice condition.

Get them graded and see where they come out...

https://www.ngccoin.com/coin-grading/grading-process/

[Widows Son]

My mom's estate had a number of gold coins, mostly Krougerons (SP?). Those were circulated and basically worth a bit more than the current price of gold. Among the mix was an uncirculated $20.00 St Gaudians gold piece from 1927 (Her birth year!!). Coincidence??? Knowing her I think it was bought on purpose. Anyway I took them to a trusted coin shop, had them appraised, and bought the $20.00 gold piece from the estate. Sorry for the bad spelling!!!