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 Replies: 11 / Views: 2,156 |
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Pillar of the Community
United States
2311 Posts |
I have decided to start collecting $5 modern gold coins. However, I'm just a little curious for what is a reasonable price to pay for them. The reason I am asking is because these coins are more so just bullion coins. Which means the value is most likely just based off of gold value. Current bullion value is $120.70 for $5 1/10 ounce gold coins. My goal is to own the complete set in BU only. I don't want any proofs or other mint marks beside Philadelphia. Below is my First coin of 2017 that I have bought. (It's not a 1/10 ounce though)   *** Moved by Staff to a more appropriate forum. *** |
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Pillar of the Community
United States
7188 Posts |
Are you limiting yourself to the $5 bullion eagles or are you thinking of the $5 commemorate coins? Also the melt price you quoted is for 1/10 oz the $5 melt valve is around $300. You will pay a considerable premium on the 1/10 oz coins if they are your set goal.
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Pillar of the Community
 United States
2311 Posts |
I only want to do the $5 Bullion Eagles. Because trying to own a big set will cost a lot of money. Just to get the 32 1/10 ounce gold bullion eagles is around five thousand and something I estimate. I don't want to bother with any TPG ones. Because to me, I don't see a point in having them in anything else besides my 2x2's. By the way, I just bought a 2013 1/10 ounce off ebay for $141. |
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Pillar of the Community
United States
1275 Posts |
I would wait until ebay has 10% ebay bucks promotions and look then |
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Bedrock of the Community
 United States
12815 Posts |
I hope you keep us posted with your progress. I am doing the opposite of you... collecting the proof 1/10th AGEs. Sadly, I have quite a few holes to fill. And yes, I know the premiums over spot are lousy on these guys, but I started back in the 90s and can't stop now.  |
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Pillar of the Community
United States
1795 Posts |
ebay doesn't give ebay bucks on bullion coins anymore! They cut that out about 6 months or so ago. I took a big hit on my ebay bucks!
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Pillar of the Community
United States
1275 Posts |
Often they are still listed only as modern commemorative coins. That is correct though if they are listed as bullion.
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Pillar of the Community
United States
1450 Posts |
The 1986 Statue of Liberty gold $5 coin is nice by Elizabeth Jones. It is .24 oz of gold and costs about $350. There are many nice gold coins. Gold makes up the most of their value and not numismatic merit. That commemorative is worth the money IMO.
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Pillar of the Community
United States
2311 Posts |
I have tried to get some older dates but I consistently have been outbid at the last second. People are paying a premium of $30 to $60 dollars for them.
@CelticKnot, The proofs are nice too. I think I'll buy just one of those. I do plan on updating you guys once my next coin comes in the mail.
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Bedrock of the Community
United States
10982 Posts |
The smaller the size the higher the premium applies well to $5 AGEs. They are bullion coins and also often bring 15% to 25% premiums to melt (currently $20 to $30 over melt). Older dates can command greater premiums but the $60 premium you cite is excessive IMO. ebay is a retail venue (sometimes high-end retail) so consider pawn shops, coin forums, coin clubs, etc. I'd stick with raw pieces to avoid higher prices for "graded bullion". Good luck. |
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Pillar of the Community
United States
2023 Posts |
You can certainly avoid bigger premiums by buying ungraded/raw, but be careful of counterfeits, even in smaller denominations, and especially from pawn shops, Craigslist, and other dealers you don't trust.
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Pillar of the Community
United States
1450 Posts |
I need to check more pawn shops but the ones I have checked did not impress me. A pawn shop would be the last place I would sell a coin or any precious metal or stone. I only knew one honest pawn broker in my life. Ok to buy stuff at the pawn shop but you get what you pay for IMO.
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Replies: 11 / Views: 2,156 |
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Posted 03/10/2017 8:12 pm
