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 Replies: 20 / Views: 994 |
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Valued Member
United States
382 Posts |
A few years ago when gold was cheaper I bought a 1924 NGC certified MS 64 Saint Gaudens $20 double eagle. It has more than doubled in value and is very common date. I am thinking of selling and putting the money into some morgans I need.
Good time to flip it or not?
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Pillar of the Community
United States
5505 Posts |
That's totally up to you and how much you paid for the coin you want to sell.
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Valued Member
United States
228 Posts |
If it was me I wouldn't sell it. When gold hit $3,500 I advised people to sell some of their stash but not all. Now I wouldn't sell any unless your starving and out of work. Especially a graded MS 64 Saint Gaudens. That coin will only gain and gain, its really on a separate path from regular gold, considering its worth the equivalent of 1 oz of pure gold without being 1 oz.
But it has an aura all its own. Regular gold coins ? Yes I'd still sell some if the money was needed. Gold isn't $3,500 now but its still high. But just remember 10 years from now the odds are it will be double. At the least. So while I understand the need to want to flesh out your Morgan collection I wouldn't sell that gold coin to do so. Your only going to gain on a MS 64 Saint Gaudens.
Edited by Silverskunk
05/09/2025 02:53 am
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Pillar of the Community
United States
3246 Posts |
Great time to flip. One coin for other coins. One Saint isn't going to make you rich.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
05/09/2025 09:39 am
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Moderator
 United States
162469 Posts |
Quote:
Good time to flip it or not? Sounds like a good problem to have.  I believe this "common gold" holds less interest than the Morgan dollars you want/need. If this is true, follow your heart. 
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Valued Member
 United States
382 Posts |
Thanks for the input. I think I will get it out of the safe and decide how much I really want to keep it. It is my only gold and a beautiful design.
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Pillar of the Community
United States
1838 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
162469 Posts |
Let us know what you decide.  |
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Pillar of the Community
United States
4388 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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Pillar of the Community
United States
5505 Posts |
Quote:
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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Valued Member
United States
228 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
162469 Posts |
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A picture says a thousand words eh ?  
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Pillar of the Community
United States
5505 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 Marve65
05/09/2025 5:29 pm
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Valued Member
United States
228 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
528 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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Valued Member
United States
228 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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Replies: 20 / Views: 994 |
Posted 05/09/2025 02:50 am
