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Thread: What's a wholesale price on $20 no motto gold double eagles and$10 indian heads?

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    Default What's a wholesale price on $20 no motto gold double eagles and$10 indian heads?

    thanks for any info on these coins!

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    Default Re: What's a wholesale price on $20 no motto gold double eagles and$10 indian heads?

    just looking for a general price range, i know the gold content, but do common date double eagles and indian heads have any nusimatic value?

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    Default Re: What's a wholesale price on $20 no motto gold double eagles and$10 indian heads?

    Quote Originally Posted by Tinbox View Post
    just looking for a general price range, i know the gold content, but do common date double eagles and indian heads have any nusimatic value?
    The only double eagle I have is an 1878-S, bought at a coin show, and dealer's asking price was melt plus $30. It is in circulated condition. Seems to me, the higher the gold content (with the double eagle on top of course), the lower the premium over melt, and the quarter eagle the highest premium over melt.

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    Default Re: What's a wholesale price on $20 no motto gold double eagles and$10 indian heads?

    I don't know anything about numis other than what I read online and what my dealer shares with me. Having said that, here's a link that someone shared with me. I was told that anything between spot and the prices listed are the general operating range. It's not up to the minute in updated prices but it seems to work pretty well from what I've seen around.

    http://www.numismedia.com/fmv/fmv.shtml

    Hope it helps.
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    Default Re: What's a wholesale price on $20 no motto gold double eagles and$10 indian heads?

    Quote Originally Posted by bemac View Post
    The only double eagle I have is an 1878-S, bought at a coin show, and dealer's asking price was melt plus $30. It is in circulated condition. Seems to me, the higher the gold content (with the double eagle on top of course), the lower the premium over melt, and the quarter eagle the highest premium over melt.
    That is correct. The bigger pieces 20, 10 and even 5 pieces act more like bullion with a pinch of numi value. The smaller stuff 2.5 and 3 dollar and 1 dollar pieces go for way over melt in decent condition. Even bashed up, spit on, ran over ex jewelry pieces command more than melt. I think a lot of the small stuff ended up in jewelry after FDR issued confiscation orders while most the bigger pieces went overseas. This led to a lot of good quality big pieces and not a lot of good quality of the smaller pieces.

    There is a rule do not trade 1 oz gold eagles for 20 double eagles, it is because the trade results in less gold though older with not much numi value.
    The Golden rule: Those that own the gold make the rules.

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    Default Re: What's a wholesale price on $20 no motto gold double eagles and$10 indian heads?

    Quote Originally Posted by pay dirt View Post
    There is a rule do not trade 1 oz gold eagles for 20 double eagles, it is because the trade results in less gold though older with not much numi value.
    That's probably not a bad rule. But I was happy to pay $30 over melt for such a cool piece of history. The fact it is circulated makes it even cooler, who knows what all it was used for, who owned it, what poker tables it sat on.

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    Default Re: What's a wholesale price on $20 no motto gold double eagles and$10 indian heads?

    I was paying $50 over melt for XF-AU quality double eagles a few years ago. You do have to calculate as you are not getting a full ounce of gold. If you are using this tactic to protect the marketable value because of potential numi demand, do not buy bent, scraped or damaged coins. Wear is fine. Heavy wear, however, can take out 4-5% of the gold, I believe. I had a link where a guy measured up to 9% loss on Barber silver.

    You can usually flip Barber silver for spot+, despite heavy wear. There are regular Joes with a few bucks in their pocket to buy such an inexpensive piece for a "historical" collection. Gold is priced too high for Joe, so Josephus, the guy with more money will be your target market - and Josephus wants cleaner pieces without any damage.


    From my saved word doc:
    Knowing that information, I weighed $50.00 face value of average circulated Barbers of each denomination. Most coins were in the typical junk Barber grades of AG-G, with many coins worn down pretty thin, especially the dimes. Here's the results:

    $50.00 face value of Barber Half Dollars = 1163g or 93.04% of original weight when new

    $50.00 face value of Barber Quarter Dollars = 1141g or 91.28% of original weight when new

    $50.00 face value of Barber Dimes = 1133g or 90.64% of original weight when new

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    Default Re: What's a wholesale price on $20 no motto gold double eagles and$10 indian heads?

    common gold eagles are treated as bullion for the most part with a premium for better condition and the fact that they're eagles.

    Not sure what you mean by wholesale, but expect pricing in the $1600 range for the double eagle and $780-800 for the indian. If you're buying from the dealer, they'll probably want $1700 and $850.

    Calculating bullion value is easy. I just round the double eagle to .96. Then divide by 2, 4, or 8 for the eagle, half, and quarter eagle.

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    Default Re: What's a wholesale price on $20 no motto gold double eagles and$10 indian heads?

    Thanks for the thanks.
    I do want to mention one other important point that I just thought of. Cleaned coins...numi's hate them. Slabbers will mark a coin cleaned. Before you go whole hog into raw coins, search ebay to see cleaned coins. Look on the web to see pics to help you. I'm no expert and even experts often disagree on a particular piece. I think I have a few that would come back labeled cleaned if they were graded. Why is life so difficult?

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    Default Re: What's a wholesale price on $20 no motto gold double eagles and$10 indian heads?

    What condition? If raw and less than mint state, then probably around spot.

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    Default Re: What's a wholesale price on $20 no motto gold double eagles and$10 indian heads?

    4/20/12 greysheet bid/ask spot basis $1650
    st. gaudens $20
    vf20 1615/1675
    xf40 1630/1690
    au50 1650/1705
    au58 1665/1715
    ms60 1685/1735
    ms62 1710/1770
    ms63 1730/1785
    ms64 1780/1840
    ms65 1960/2020

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