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 Replies: 20 / Views: 2,658 |
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Pillar of the Community
United States
2237 Posts |
If that's your only gold coin, my opinion don't sell it. It will be more expensive to replace it should you ever want gold again. Save up to buy the Morgans you want.
Edited by livingwater
05/09/2025 12:17 pm
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Moderator
 United States
189053 Posts |
Let us know what you decide.  |
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Pillar of the Community
United States
4469 Posts |
I would sell the common date and upgrade the Saint to a better date. The only Morgan that I would buy after selling the Saint would be a 1893 S Morgan.
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Bedrock of the Community
United States
10586 Posts |
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But just remember 10 years from now the odds are it will be double. At the least. 10 years? "Experts" have been telling us gold is going to be $5000 for the last 15 years -  |
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Pillar of the Community
United States
757 Posts |
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10 years? "Experts" have been telling us gold is going to be $5000 for the last 15 years - A picture says a thousand words eh ?  Edited by Silverskunk
05/09/2025 4:57 pm
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Moderator
United States
189053 Posts |
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A picture says a thousand words eh ?   |
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Bedrock of the Community
United States
10586 Posts |
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A picture says a thousand words eh ? Oh yeah - I forgot that if it's on the internet it has to be true!  Trends don't always = reality. Edited by Marv65
05/09/2025 5:29 pm
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Pillar of the Community
United States
757 Posts |
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Oh yeah - I forgot that if it's on the internet it has to be true!
Trends don't always = reality. Marve are you saying the price of gold DIDN'T almost triple in the last 10 years ? Its a price chart. Its fact, they aren't making it up. It went up 8X in the last 20 years. 26X in the last 50 years. Since 1970 its gone up 100X, But its on the Internet so I guess they are just making it up.    Edited by Silverskunk
05/10/2025 03:30 am
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Pillar of the Community
United States
887 Posts |
I'd say go for the Morgan's.
As for gold prices, I would imagine they will continue to rise as long as the growth in the money supply continues. M2 and gold charts look a lot alike.
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Pillar of the Community
United States
757 Posts |
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I'd say go for the Morgan's.
As for gold prices, I would imagine they will continue to rise as long as the growth in the money supply continues. M2 and gold charts look a lot alike. I'm not saying dont buy Morgans. Ive bought 4 in the last week alone. I'm just saying dont sell your gold to do it. Most of all a gold coin that has a lot of numismatic value as well. The reason being both the ease of selling and the pool of those who want to buy is much higher with the gold then it is with the Morgans. I know the Morgan has about $25 worth of silver in it but that gold coin has $3,215 of gold in it leaving the Morgan as virtually entirely a collectors coin where'as that ST. Gaudens is both a collectors and bullion coin. Anyhoo its the OP's call. If you want to sell gold its not a bad time to be doing it. Its really a personal decision. Mine would be not to. |
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Valued Member
 United States
465 Posts |
I will likely keep the Saint Gaudens.
The only morgans I need to complete my set are the 87/6 overdates and I would be fine if I found them in XF or AU rather than the very expensive MS grades.
I just need to be disciplined and save for them.
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Pillar of the Community
United States
1021 Posts |
I dumped a significant amount of gold to fund a major numismatic purchase this week. Bought it all between 800 and 1300 per oz, got 96.5% of melt. I was happy to get the increase and put it into a pretty famous rarity. The coin I bought sold for more than 2x what I paid 20 years ago, so I thought I won both sides of this transaction. When silver hits 40, I will make another substantial dump.
Edited by RedRaider
05/10/2025 2:49 pm
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Pillar of the Community
United States
757 Posts |
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I will likely keep the Saint Gaudens.
The only morgans I need to complete my set are the 87/6 overdates and I would be fine if I found them in XF or AU rather than the very expensive MS grades.
I just need to be disciplined and save for them. Oh I understand the sentiment. Its all I can do to not pull out a CC and start stacking up on MSD's, I love the coins. I love Morgans. But if its one thing Ive learned in my very short bullion and collecting career, and probably the only thing, is that discipline is a must unless your sitting on an oil field in the UAE, and I sure ain't. Were it a regular gold coin like a modern Liberty or a Buffalo or a round I would most likely sell it to finish my MSD collection. I think gold will be going up but in the short term the International news is going to get better because a war or trade war is in nobodys interests. Short term gold is going to moderate tho I doub't we'll see it under $3,000 again. Its just that particular coin I wouldn't sell. The pre-'33 $20 Saint Gaudens has a mystique all its own as probably the most beautiful coin ever designed. I own gold Liberty's and I must have had my head up my keester when I bought them because I really want a Saint Gaudens now and at the time I assumed I'd have the cash by now. I have the cash but can't spend it so I have to save and hopefully will be buying one this summer. And God aint making anymore 1924 MS 64 Saint Gaudens gold coins. Edited by Silverskunk
05/10/2025 3:07 pm
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Moderator
United States
54282 Posts |
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Moderator
United States
189053 Posts |
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Give us a crack at it. |
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Replies: 20 / Views: 2,658 |
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First Page
Posted 05/09/2025 12:11 pm
