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 Replies: 12 / Views: 2,370 |
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Pillar of the Community
United States
1450 Posts |
I am wondering where the best bargains are for either silver or gold US coin are in 2016? Which coins are selling at bargain prices and which should I just avoid until the price drops or avoid altogether? I have been avoiding gold coins just due to volatility of gold prices. Is this wise? Gold and silver prices seem to be moving up, but that can change in a week and they can lose 20% of their value. I look on ebay and I don't see bargains for really desirable coins such as Morgans or any gold coins. I am a collector not an investor but I hate throwing money out the window needlessly. Does anyone have some advice?
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New Member
United States
43 Posts |
For me and mine, outside of flea market, estate sale/auction, ebay is the best place to buy. Buy during the Super bowl, World series etc, or auctions that end at unconventional hours. I just saw a Standing Liberty quarter that was at least ms65 or likely higher go for about 20% of book value. I missed the bid thanks to stupid printer update window..... |
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Pillar of the Community
United States
7390 Posts |
Gold and silver are both in a full-on uptrend. If you want it get it. Now is the time! Sure, anything can happen, but buyers are in control so the bet is a safe one especially for gold. However, for silver wait until it dips to the low-mid $16's which it should soon as a big run up like the last 2 days usually dips a bit and then moves up again but both are finally in an uptrend  Edited by Cascade
04/20/2016 9:02 pm
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Pillar of the Community
 United States
1450 Posts |
As far as gold would you buy the metal, coins or an ETF like GLD? You know as soon as I start to think of my collecting as investment the fun goes out of it. Of course, I want to get best deals I can on coins I like. Contradictory to say the least. I would like to buy some of the more scarce and pre-1920's Saint-Gaudens $20 pieces, but I see where gold has been and where it could fall to and I decide to wait. I would just try and buy individual gold coins of late 19th and early 20th century. I would just cherry pick the coins where I see a scarce coin that does not cost much more than far more common coins. Each coin I want is $1300-4000 dollar fling at the moon just for older Saints. You get more for your money with big gold coins IMO. I bought a huge silver 20 Crown UK coin for my wife today. It is a Turks&Caicos Islands 20 Crown piece (1976) in MS65 for $30. It is over an ounce of silver and is one heck of a gaudy coin. Some of these large foreign silver coins are outrageously beautiful.
I have been stock investor for years and learned not to buy or sell on an impulse. Better to have time in the market rather than to try and time markets. Gold and silver are just different markets. They go up and they go down and if you can wait you may be able to buy low and sell high. That is much harder than it sounds.
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Pillar of the Community
United States
3343 Posts |
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
04/20/2016 11:11 pm
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Pillar of the Community
United States
1054 Posts |
I suppose I can pick a series or something but from what interests me, any sort of die varieties are a true value compared to 5 years ago. I've picked up some popular Top-100 type RPM's and Doubled Dies for a fraction of what I was buying them for in 2010.
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Bedrock of the Community
United States
12057 Posts |
Slider AU early date Walkers are about to catch fire.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
1450 Posts |
Paralyse
Yes, I see some early date Walkers with low mintage that are cheap in AU grade including 1916-s,1916, 1917-D and with obverse mintmarks. Only three early Walkers in higher grade than AU are really expensive. "Expensive...Inexpensive" are just relative terms. Because something cost a lot of money does not make it expensive if it is worth the money. Those early Walkers in higher grades are worth the money since they standout like a flood light.
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Pillar of the Community
United States
3343 Posts |
I was looking at early walkers too. Brian Greer has a bunch of xf-au 1916-D slabbed. But the hand wasn't well struck on any of them.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
6370 Posts |
I gamble off of bad pictures or from sellers that do not know what they have. Real bargains can be found if you have the patience and if you know where to look. For example, my best bargains this year: AU 1907 Barber quarter - $30 MS 1865 Two Cent - $13 AU 1907 Nickel - $36 MS-65 1880 S Morgan - $60 G/VG 1794 cent - $38 EF/AU 1857 Flying Eagle - $5 EF 1915 D Nickel - $10 |
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Pillar of the Community
United States
1450 Posts |
Tell us where to look! I sometimes wonder if putting an add in local newspaper might catch a few people who have something nice and don't know what they have. Probablyinstead just get a bunch of slick dealers trying to unload their on me. I tried that before with antiques and mostly got collectors who wanted the big money....retail.
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Pillar of the Community
United States
6370 Posts |
All those came from ebay, and I found them with a secret search algorithm. Most had bad pictures, but a couple were BINs and the seller had no idea what they had. I have to get creative if I want to collect on a college budget. |
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Valued Member
United States
83 Posts |
Yeah, but it takes a lot of patience, time, and skill to collect that way. Kudos to you for succeeding.
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Replies: 12 / Views: 2,370 |
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Posted 04/20/2016 9:01 pm
