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 Replies: 2,778 / Views: 300,826 |
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New Member
Canada
22 Posts |
Thanks a lot for your info! MoneyPenney,
You make me so happy for my $10 1912 hand selected order, although I need to work overtime to pay it.
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Pillar of the Community
United States
2408 Posts |
Quote:
You're still wrong. That is very clear. Whatever makes you feel good  - I'm wrong / you're right. - chill out. PS. I did go to college, ... and graduated. Edited by canadian_coins
12/02/2012 11:44 pm
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Pillar of the Community
Canada
1528 Posts |
Everyone should know by now, Neil is always RIGHT.
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Pillar of the Community
Canada
862 Posts |
what's $5's buying power in 1912? is it equal to today's $500?
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Pillar of the Community
Canada
1571 Posts |
$5 in 1912 would be around $119 today.
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Valued Member
Canada
108 Posts |
That just means that the price of gold has risen much faster than inflation. In 1912, one ounce of gold was worth about $20 so the $5 coin had about $5 worth of gold in it. If they were to mint that same coin today it should have a face value of about $420 based on the gold content and the price of gold.
Edited by Shannoxt
12/03/2012 12:38 am
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Pillar of the Community
Canada
1571 Posts |
Yeah, that sounds about right. That's why I got a $5 from 1914. I figure gold is still climbing so its worth the $565 to get it. I just may have to wait a long time. I'm not in a hurry to sell it so is say its a good buy
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Pillar of the Community
Canada
5324 Posts |
if you are generally interested in future price of gold, why dont you just purchase bullion, no gst small markup and easy to sell
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Pillar of the Community
Canada
1571 Posts |
I like the coin aspect of collecting for the history as well as gold value.
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Pillar of the Community
Canada
1502 Posts |
^^^ I agree
It'll always be "worth" at least it's weight in gold (or at least 90% of it in this case ~)
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Pillar of the Community
Canada
2984 Posts |
Quote:
I agree
It'll always be "worth" at least it's weight in gold (or at least 90% of it in this case ~) These coins have numismatic/historical value on top of the bullion value. You can't really go wrong with buying them because the price of gold over the next few years would easily pay for them. The price of gold was $309/oz in 2002, $695/oz in 2007, and now is around $1710. That is 500%+ increase in 10 years. People paid $500 for the 5 oz penny with the value of silver of $150. They should buy one of these with gold value of $420 for $500. Selling the 5 oz penny on ebay may net you $50 right now. But 20 years from now? Not much. Look at the value of RCM coins from 20 years ago. You can get most of them at a discount. |
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Pillar of the Community
Canada
1189 Posts |
Agree with the term "Historical Value".
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Pillar of the Community
United States
2764 Posts |
I'm just curious, between the $10 Hand Select, which would be a better choice for collectors...... we have been talking about gold value of the coin a lot but not much on the collectible value of them that much. After this great-melting period, things such as year rarity or grade rarity will make this a very interesting short series (6 coins) to collect.
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Pillar of the Community
Canada
5324 Posts |
these coins has had around a 100 years for a trend price to be established, as of last week except for the 1914 5 dollar coin they trade at around bullion plus 100.00 now you are introducing 30000 hand picked units to the population, how can this increase trend prices except maybe for the higest graded of each year.
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Pillar of the Community
Canada
933 Posts |
It will only decrease trends. Or keep them the same....for the lower grades. Maybe one of these premium selected coins will grade MS64+ !
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Replies: 2,778 / Views: 300,826 |
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Posted 12/02/2012 8:32 pm
