Selling coins

[boglerdude]

Bought a 1oz 1900 liberty head from a friend for $1200
edit: https://coinvalues.com/liberty-head-double-eagle/1900

Town jeweler offered $650

Should I be able to get spot for it without a haggle? Any suggestions for where to take it, NY area? Or mail it somewhere (risky)? Not selling soon, but want to plan ahead and decide if buying more coins is worth it.

If getting spot isnt easy, is that an argument for using Perth/PHYS/CEF?

[dualstow]

Are you in a hurry? I would take some time to find out the numismatic value.
This may be only 90% gold, but since it's so old... Maybe take it to several places no matter what the early ones offer you. Maybe that'll help determine the condition.

Why did you buy it, if you don't mind me asking?

To your question, between numismatic coins like this and ETFs there is boring old modern bullion coins. American Eagles, krugerrands, maple leaf coins. Those are literally worth their weight in gold and are non-numismatic. That's what we buy here, along with ETFs, for the permanent portfolio.

[Libertarian666]

If I were you, I would just look up "coin dealers" in the yellow pages or equivalent. I would be very surprised if you couldn't find a coin dealer in NY who would offer you close to spot, assuming that it isn't in good enough condition to be a collectible.

[ochotona]

Yeah, it has at least the melt value. Gold was $1208 per ounce today. So many people try to scam you. It's pitiful.