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Hi all,
Got into coins by accident in 1984 while playing with the amazing gold market. In California, where there was no tax on physical gold transactions over $1,000, and no particular records, this was a wonderful playground. Until it went bust. You watch the spot and move a suitcase and bank it, and watch for a down-jiggle and buy, and wait until you can't stand it anymore and sell, and. . . God, what a trip!
Before it all went toes up, I got fascinated with St. Gaudens and Morgan $20 gold pieces, but not being a coin person I got stuck with several of them because I knew enough to quickly sell off the bullion, but not the collectables. Now it's twenty years later and they've been sitting in the bank box and this is not something I want to hold on to because the cash is attractive, now. So I'm trying to find out about the most reasonable ways to unload while gold is $550+ and get a reasonably honest deal out of it.
I went to a few dealers in town, and (as someone here predicted) everything I had was junk, of course. They could give me the gold spot price plus $50, even with the ones in PCGS holders (the older ones). I guess people believe them often enough so they weren't bothered when I walked away. They know there's more fish, and why bother working for a reasonable commision when you can lie a little and get so much more?
Joining PCGS will cost me $50, and grading 5 pieces will cost me another $30. Plus postage and insurance this costs me $100. Then what?
Are the buy/sell forums on PCGS reasonable places to deal? What about their authorized dealers? I don't have enough, or pretty enough for an auction, but a couple of pieces approach $4,000 or more in the PCGS listings. I'm not worried about getting taken by crooks, but I am worried about getting taken advantage of by dealers who know stuff that I don't.
So I'm asking, here.
Are the PCGS fora a good place to sell? Does anyone have a dealer they recommend? Does e-bay have any possibility? Is PSGS the place, or is it irrelevent? Is my story amusing enough to get a knowlegable response here?
cheers!
Got into coins by accident in 1984 while playing with the amazing gold market. In California, where there was no tax on physical gold transactions over $1,000, and no particular records, this was a wonderful playground. Until it went bust. You watch the spot and move a suitcase and bank it, and watch for a down-jiggle and buy, and wait until you can't stand it anymore and sell, and. . . God, what a trip!
Before it all went toes up, I got fascinated with St. Gaudens and Morgan $20 gold pieces, but not being a coin person I got stuck with several of them because I knew enough to quickly sell off the bullion, but not the collectables. Now it's twenty years later and they've been sitting in the bank box and this is not something I want to hold on to because the cash is attractive, now. So I'm trying to find out about the most reasonable ways to unload while gold is $550+ and get a reasonably honest deal out of it.
I went to a few dealers in town, and (as someone here predicted) everything I had was junk, of course. They could give me the gold spot price plus $50, even with the ones in PCGS holders (the older ones). I guess people believe them often enough so they weren't bothered when I walked away. They know there's more fish, and why bother working for a reasonable commision when you can lie a little and get so much more?
Joining PCGS will cost me $50, and grading 5 pieces will cost me another $30. Plus postage and insurance this costs me $100. Then what?
Are the buy/sell forums on PCGS reasonable places to deal? What about their authorized dealers? I don't have enough, or pretty enough for an auction, but a couple of pieces approach $4,000 or more in the PCGS listings. I'm not worried about getting taken by crooks, but I am worried about getting taken advantage of by dealers who know stuff that I don't.
So I'm asking, here.
Are the PCGS fora a good place to sell? Does anyone have a dealer they recommend? Does e-bay have any possibility? Is PSGS the place, or is it irrelevent? Is my story amusing enough to get a knowlegable response here?
cheers!
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Portland
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