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Is It Time To Flip Common Gold?

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Valued Member
United States
465 Posts
 Posted 05/10/2025  10:14 am  Show Profile   Bookmark this reply Add Pmint1 to your friends list Get a Link to this Reply
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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RedRaider's Avatar
United States
1021 Posts
 Posted 05/10/2025  2:48 pm  Show Profile   Bookmark this reply Add RedRaider to your friends list Get a Link to this Reply
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
Pillar of the Community
United States
757 Posts
 Posted 05/10/2025  3:03 pm  Show Profile   Bookmark this reply Add Silverskunk to your friends list Get a Link to this Reply

Quote:
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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nss-52's Avatar
United States
54282 Posts
 Posted 05/10/2025  3:20 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
If you decide to sell, try selling it here on our coin selling forum.
https://goccf.com/f/159

Give us a crack at it.
Show your financial support of the Coin Community Family (click here)
See my topic on Mexican Numismatic Medals (click here)
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United States
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