What is the cheapest way to sell my American Eagle gold coins?

April 7, 2011 by admin · 1 Comment
Filed under: Collecting Gold Eagles

Question by RB: What is the cheapest way to sell my American Eagle gold coins?
I have 10 one ounce 2008 American Gold Eagle gold coins that I want to sell.

I could go to the broker I bought it from, but he charges 3% commission.

Are there anywhere else that I can sell it for cheaper commission?

Best answer:

Answer by T.J.
You need to call around to several coin shops in your area.

Bullion coins are in demand now. You should be able to get spot or above.

I sold some last week for $ 10 over spot. The current spot price is about $ 1,345, but changes throughout the day. I would not take less than spot. Call around and see who is paying the most, I would stay away from a broker. That sounds like a ripoff. Do a google search for "gold bullion + your city". The local coin shops pay the most. The spot price may go up or down by the time you drive over to the shop, but at least you know who is paying the most over spot.

Know better? Leave your own answer in the comments!

Tags: American, cheapest, coins., eagle, gold, sell

How much is a 1 oz gold walking liberty proof coin worth? There is no date shown on it.?

May 7, 2010 by admin · 4 Comments
Filed under: Questions

I have looked on all kinds of coin websites and can't find any information about a gold walking liberty with no date. It is in very good condition.

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Tags: coin, date, gold, liberty, much, proof, shown, there, walking, worth

The Collectors Gold Eagle Proof Coin

May 2, 2010 by admin · 3 Comments
Filed under: Proof Coins

Proof Gold Eagles are the version of the popular American Gold Eagle coin, the United States' official gold bullion coin. As is the standard procedure for other proof editions, the Proof Gold Eagle is put through a specialized minting procedure utilizing specialized dies to create a highly detailed specimen. The mint uses lustrous coin blanks which a manually inserted into the presses. They are then where struck numerous times as to ensure that the softly frosted images on each coin are highly detailed, appearing as if to almost float above a mirrored background. The high attention to detail given to each proof eagle is what makes the coin a highly sought-after collector's item, as well as an investment to a portfolio containing precious metals.

When shipped from the Mint, the Proof Gold Eagle arrives packaged in an elegant, dark blue velvet presentation case. An official Certificate of Authority from the United Stated Mint is also included, stating the government’s guarantee of the coin’s weight, purity and stated gold content for every proof coin that it produces.

This video by Jonathan Rose, discusses the discontinuation of the proof gold eagle coin in 2009, due to a shortage of the burnished coin blanks needed to maintain production.