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1916 SLQ...oh My!

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IndianGoldEagle's Avatar
United States
36782 Posts
 Posted 11/24/2013  11:26 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
Some real eye candy!
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slowaltima's Avatar
United States
203 Posts
 Posted 11/24/2013  8:42 pm  Show Profile   Bookmark this reply Add slowaltima to your friends list Get a Link to this Reply

Quote:
This begs an interesting question.... which is a better investment long term. A single 1916 SLQ coin of this caliber (let's call it $35,000 to keep things simple) a few 1916 SLQs of a slightly lower tier that together are worth $35,000, or a bunch of mid grades, again, together worth $35,000?


I would rather have a bunch of mid grades. This would lower the quantity in the market and theoretically should raise prices, more so than the other strategies. Although this would take some time to really notice that much of a price difference. And this is just a guess and not wise market information.
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vermontensium's Avatar
United States
16679 Posts
 Posted 11/24/2013  9:32 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply

Quote:
which is a better investment long term. A single 1916 SLQ coin of this caliber (let's call it $35,000 to keep things simple) a few 1916 SLQs of a slightly lower tier that together are worth $35,000, or a bunch of mid grades, again, together worth $35,000?


I can tell you this. I would rather like to have lower grade coins equalling $35K. Easier to move come time to sell.
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upstate's Avatar
United States
3283 Posts
 Posted 11/25/2013  09:58 am  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
There can not be very many 1916 SLQ's that look like that!
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rking007's Avatar
United States
784 Posts
 Posted 11/25/2013  9:50 pm  Show Profile   Bookmark this reply Add rking007 to your friends list Get a Link to this Reply
Wowee what a great quarter. It reminds me of an article I read twenty plus years ago, I think in Coinage, about a guy who was given a 1916 SLQ by a father, uncle, grandfather, etc... he sat on it for years and then when he realized how rare it was he sold it for $16,000 or something and built a deck on his house. I remember thinking how odd it was that he decided to build a deck with the money but, I guess if you're not a coin person... to each their own.
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