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 Replies: 19 / Views: 2,367 |
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Pillar of the Community
United States
524 Posts |
Sell it, then go buy another one and pocket the difference. If he's willing to pay more than spot for convieniance, you benefit. That is if you can pick another one up for less than what he is paying you.
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Pillar of the Community
 United States
931 Posts |
Checked ebay and compared to their prices I'm about right only without the 13% hit from ebay and PayPal. I think I would be reloading with the Prosperity Set anyhow. The Prosperity Set would be a great thing to leave to my niece which is where my gold will probably end up going ( unless I get wild with it when I'm old. ) |
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Pillar of the Community
United States
667 Posts |
I don't know if I can give you much help junior. The prosperity set to me is more of a collector item. While the sets did not have a production limit and they contain two coins that you could get out side of the set the added price must come from the packaging when they were first sold.
Thus of course they have an extra premium above the coin value. If you feel this is a good item and will grow in price then it is probably a good thing to do. Though I'm not sure of what type of market their is for the prosperity set.
We are all different I tend to like my gold raw and clean but others like to do it differently such as graded coins or special sets.
Thus is you feel the money difference per oz is right then by all means do it.
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Pillar of the Community
United States
5838 Posts |
Edited by macmercury
08/12/2011 3:16 pm
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Pillar of the Community
United States
931 Posts |
Hey Mr MacMercury, do you think that the Prosperuty Set is a good investment? It looks to me like there is some serious demand for that half ounce Buffalo already. The gentleman at the antique store is the original owner, and a 2009 Buffalo Proof that I bought from him is very complete and an outstanding coin. The Prosperity Set seems to be a real gem from the mint. Is it true that they only made them for one day?
Edited by junior e
08/12/2011 3:19 pm
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Pillar of the Community
United States
3670 Posts |
In the end you are turning a 1 oz. Buffalo 2006 uncirc (non proof), into a rare unique half oz. Buffalo, and a half oz. Gold eagle, both burnished....
I like the rest say go for it. You are helping out a friend and he is happy to pay that premium, getting a real gold coin hand to hand, and you are getting a slight upgrade, an who knows how much that set may command in five or ten years....
I think many of us would rather have gold in half oz. instead of 1 oz. for obvious reasons. I have a hard time getting change back on hundreds, and would prefer to 50's in the end, lol....
Edited by Silverhawk74
08/12/2011 3:18 pm
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Pillar of the Community
United States
667 Posts |
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Pillar of the Community
United States
931 Posts |
Thank you for the link mkfarm! Lot's more info than I have previously seen. Thanks for the info Hawk. I don't have any half ouncers and I've been thinking about a $10 Indian Eagle gold coin, but I like the Buffalo design a lot, and with the low mintage I think the Prosperity set would be a real keeper for my tastes.
Edited by junior e
08/12/2011 3:35 pm
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Pillar of the Community
United States
5838 Posts |
In my opinion is that 2008 is the only year that the US Mint coined fractional Buffalo set, it would be a good buy if the coin are of high quality, strong strike and full detail.
That means no blemishes that you can see in your naked eye, red spots, bad wash. Any of the above I would look for another set instead. You would do better in the long run than a common 2006 un-circulated gold buffalo that have larger mintage.
Edit: And trade like bullion.
Edited by macmercury
08/12/2011 3:41 pm
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Rest in Peace
United States
9104 Posts |
Not sure what the question is.
He offered, you priced, he accepted. You are legally obligated to sell.
Whether you trade up, replace or hold cash is up to you, but there is no question that you should sell.
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Valued Member
United States
362 Posts |
Sell it and buy another, lol
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Pillar of the Community
United States
931 Posts |
Yeah, Fredd, you're right. The way we left it was that he told me to think it over and if I will sell he'll have the cash at work on Monday. I am selling it to him.
Edited by junior e
08/12/2011 7:56 pm
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Pillar of the Community
United States
4778 Posts |
I was about to say if you are not too attached to the gold buffalo, to go ahead and sell it and get that set, but I see you've already decided to. Good move!
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Pillar of the Community
United States
931 Posts |
Thanks for the advice everybody. I'm picking up the Double Prosperity set on Monday. I llike being able to reinvest my profit in something unusual but still exactly in line with my favorite, the Gold Buffalo. Also, I don't have any American Gold Eagles, so it will be kind of neat to have my one Eagle be a rarity.
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Pillar of the Community
United States
4008 Posts |
Quote:
He offered, you priced, he accepted. You are legally obligated to sell. Yep, that's it... the bottom line.  |
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Replies: 19 / Views: 2,367 |
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First Page
Posted 08/12/2011 2:20 pm
