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 Replies: 12 / Views: 1,864 |
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Pillar of the Community
United States
1311 Posts |
While visiting my LCS, I happened to bring in my $5 gold Charlotte mint for appraisal. I was offered 8x what I paid for it some 10 years ago, but I hate selling coins. Not being a gold collector, might I be better off trading for more gold coins, or towards a 1893-s Morgan dollar? Sorry about that, I did post the wrong coin.   Edited by thecoinguy1964
07/20/2017 8:37 pm
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Bedrock of the Community
Australia
21788 Posts |
Why flip this coin?
By the way, the coin pictured happens to be a rather nice $10 Eagle, not a $5 Half Eagle.
Gold coins unfortunately happen to be outside the budget of many coin collectors. Since you already own it, keep it if you can. Due to cost, it may end up being very hard to replace years later, if you wish to obtain another nice gold coin.
In addition, gold as a coinage metal, has a legitimate part to play in the history of the development of coinage. My avatar hints at this.
So go for the other coins that you would like to obtain; just try to keep this one as well.
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Valued Member
United States
338 Posts |
I would keep it and possibly get it graded.
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Pillar of the Community
 United States
3058 Posts |
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Pillar of the Community
 United States
1311 Posts |
Thanks for the input. I probably will keep it, especially since I've regretted selling in the past. My apologies, I did mistakenly post the wrong coin.
Edited by thecoinguy1964
07/20/2017 8:39 pm
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Moderator
 United States
34419 Posts |
Quote:
I hate selling coins. I agree, but if you have the opportunity to consolidate and unify your collection, then maybe it is a good thing. I'm struggling with similar sell & buy vs. hold questions... "If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Pillar of the Community
United States
1695 Posts |
Quote:
I was offered 8x what I paid for it some 10 years ago, Sounds like a nice investment; congratulations. Perhaps current value might exceed 8x your purchase price, so be sure not to settle for less that it is worth. |
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Bedrock of the Community
United States
10284 Posts |
First thing I thought of was if a coin shop will pay you 8 times what you bought it for, you could probably do better selling it yourself.
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Pillar of the Community
United States
1346 Posts |
Whatever floats your boat...
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Valued Member
United States
338 Posts |
To consolidate, I plan hold onto high value coins while liquidating my large volume of individual low value coins. I believe that is the best strategy for the long haul.
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Bedrock of the Community
United States
11951 Posts |
Very nice coin  For me . .. I would sell if I was was going to buy a equally nice coin(s). If I was going to sell that coin, I agree with others to have it graded first. Then search to find the best price I could get for it. I am approaching where I am going to be selling off some bulk/common coins. I might do this to pick up some key dates I need. |
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New Member
United States
34 Posts |
if you r-e-a-l-l-y want to know if it's worth keeping, track its last 5-10 years auction records
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Valued Member
United States
430 Posts |
PCGS slabbed XF 1852-C is selling at @$2000-2300. Looks like a pretty deep mark in the reverse field above the eagles head. That might be a problem. Price for XF40 very steady for 10 years. I'd submit it for grading if selling, if not then enjoy it as is.
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Replies: 12 / Views: 1,864 |
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Posted 07/20/2017 7:57 pm
