I imagine these old coins are on the market a lot. Ebay has 78 “1894 gold eagle coins” up now. I would think one could travel around and sell them at various coin dealers. Save the rarer ones till the end. Or for the grandchildren.
At worst, melt them down (ahhhhh! No!!!!) and sell them for the gold value. And at least prevent the gov’t from getting of it.
You may be right. My thought was that the dealers would talk to one another at shows or something. Then again, maybe they wouldn’t compare notes or scruple over it too much. Kinda surprised people even sell gold coins on e-bay.
Many of these rank in the top of the realm of these series coins. 13 or so are over or tied with the finest known examples. The difference in price for 1 grade level can be an order of magnitude.
With coins like these you have to get them certified, but the best way would have been to filter them in and merely claim a relative left them to you 30 years ago and you never knew what they were really worth over the gold content.
At least melting them down prevents the identification of the source - AKA, formerly stolen coins.
Yours is the first post which actually makes sense.
I understand and support those who don’t agree. Just saying, there’s a right way to do things.
Either he should have melted it all down, or done the right thing and handed it in to the authorities and hoped for the best.
Just saying.
There are tons of coin dealers in California. This couple opted for the publicity of selling off their gold coins as coming from the Saddle Ridge hoard because this would bring higher prices. Customers would want to buy a piece of history. This has all backfired on them.
I would have sold off these coins as anonymously as possible. Driving to different coin dealers all over California, Nevada etc