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 Replies: 11 / Views: 1,888 |
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Pillar of the Community
United States
1339 Posts |
I have a chance to buy a 1927 2.50 gold coin...My question is,,,, It is in VF condition.....Offred at $200....looks like melt value right now is aprox $180....Would I be buying a coin that is only bullion value?, Or do common date gold coins values hold even with dropping gold prices....Of course, if gold goes up?..I don't own any gold coins,,,Maybe I should try it? Your thoughts....
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Pillar of the Community
United States
1704 Posts |
Common date gold coins regardless of denomination have their value tied to the spot price of gold. Gold goes up so does the value of the coin, gold goes down then the value of that gold coin goes down. At $200.00 this gold piece is a real bargain and you should buy it because the current premium over melt value is well above what he is asking for it. $ 2.50 gold coin - quarter eagle $ 5.00 gold coin - half eagle $10.00 gold coin - eagle $20.00 gold coin - double eagle Ed ANA LM-3175 |
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Pillar of the Community
United States
3843 Posts |
$200 sounds like a fair price. Just make sure you look it over closely to make sure it isn't a counterfeit. Personally I don't have enough confidence in my skills to make that determination so I only by gold coins from a trusted dealer.
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Previously Banned Member
78 Posts |
Yeah, as long as its real thats fair.
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Pillar of the Community
United States
4337 Posts |
your 20% over melt
go for it
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Pillar of the Community
United States
3453 Posts |
It it were me, I would take a close look at the coin. That almost sounds like too good of a deal. If it is authentic, absolutely buy it.
Edited by CoinsKelly
05/27/2013 4:34 pm
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Valued Member
United States
380 Posts |
I would make sure it is authentic. Seems to good of a deal.
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Pillar of the Community
United States
1511 Posts |
 with everyone's comments.. If its real it sounds like a pretty good deal. And if gold goes up again it could be a great deal.. If you don't mind me asking, where is it for sale? A coin store? Private sale? Online? Craigslist! A friend? I'm only curious because as mentioned authenticity should be checked and the source of the coin could help to determine that.. |
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Pillar of the Community
United States
5854 Posts |
I agree with the comments above. If authentic, $200 is a very good price.
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Pillar of the Community
 United States
1339 Posts |
Thank you all for the help......A friends coin shop that I do all my business at,,,got this one at a good price...Like I said,,its VF...you can see considerable circulation wear,,,also, a small dark spot on the reverse,,,but still looks good.....If I buy,,,I'll post pics......
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Previously Banned Member
78 Posts |
Heck, if you decide you don't want it I would buy it from you. I love old gold an even a details piece is worth $200 to me.
Great find
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Bedrock of the Community
United States
36724 Posts |
$200 is a great price with gold currently where it's at.
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Replies: 11 / Views: 1,888 |
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Posted 05/27/2013 3:25 pm
