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 Replies: 8 / Views: 1,252 |
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Valued Member
United States
455 Posts |
I'm really liking the gold eagles and fractionals. They are so attractive and so full of history. A bit pricey though with gold at around $700 an ounce.
I don't really understand what drives gold prices, other than supply and demand. I was checking, gold was around $300 an ounce in 2000, $200 in 1975, and $36 in 1970.
Hey, does anyone remember picking up eagles and 2x eagles back in the 70s when prices were so low?
I wonder if we'll ever see those prices again.
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Rest in Peace
United States
3730 Posts |
I paid $19.95 for a BU $5 1900 Gold coin back when in college. About 1964.
Gold, as I recall, was $35 an ounce.
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Rest in Peace
United States
3730 Posts |
I might add, I was going to buy an Indian $5 gold piece, also at $19.95, but never got around to it.
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Pillar of the Community
United States
1952 Posts |
I bet your slapping yourself now lol
Gary
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Bedrock of the Community
United States
14454 Posts |
my grandfather had a few that his father had taken out of circulation, those must have been the days when you could actually go to the bank and get a $20 Saint Gaudens for $20. The only problem back then was getting the $20 to start with
Edited by Bryan1315
09/10/2007 07:28 am
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Pillar of the Community
United States
974 Posts |
Back in 1955, my dad had an elderly gentleman...whom was an alcoholic offer him $200 in gold coins for face value. My grandpa wouldn't let him do it because he thought it was illegal to hoard so he only let my dad buy a $10 Indian...which he still has! Funny how people think isn't it?
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Pillar of the Community
United States
597 Posts |
Back in ca. 1976 or so I remember seeing $20 Libs for sale for $40 that my local dealer had. I thought a $20 coin for $40 was a ripoff so I didn't buy them. Dumb kid think.
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Valued Member
United States
235 Posts |
I bought a 1900 eagle in AU in 1963 for $25, and my parents were upset with my waste of money. I should have put it in the bank at 4% interest.
The numismatic price for gold coins does fluctuate with the price of gold. Last year I bought an 1878-s double eagle in EF for $625; but two months later, I bought one of the same date and mint in VF from the same dealer for my friend for $650. I think that most post-1865 US gold coins have only bullion value rather than numismatic value. I would like to acquire some pre-1839 pieces as true numismatics items but find myself buying the foreign gold coins that circulated in the US up to 1857 as more within my budget. The Spanish and French pieces, neverthelesss, are beautiful and historically important. I recently bought an 1839 twenty-franc piece in EF for $150. The Legal Tender Act of 1834 set the value of this coin at $3.87 --- the forerunner of the US attempt to issue an international trade coin in the gold stella in 1879-80.
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New Member
United States
25 Posts |
Number of things affect the gold prices. Primarily it's the currency values that affect it most. Dollar goes down, gold goes up in most cases. People turn to gold as a safe haven for any dollar collapse. Also, gold goes up usually if the stck market is falling. Investors are switching there porfolio's around and trying to invest in something more solid that the ol mightly dollar, like gold
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Replies: 8 / Views: 1,252 |
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Posted 09/10/2007 02:11 am
