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Replies: 31 / Views: 6,593 |
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New Member
United States
10 Posts |
Poll Question
I was fortunate enough to purchase one of the "End of World War II 75th Anniversary American Eagle Gold Proof" coins. I'm considering grading this coin. I see the recent sales on ebay are north of $10k. I'm curious what your opinion is on if the value will continue to increase? Some reasons I've heard why people think this gold proof will increase in value in the years to come: Low mintage (~1900 minted) First ever privy mark on an American Eagle Last year of the current design (2021 will have a new design) But part of me also thinks that the market price is +$10k just because of "hype". Would love to hear what you think. Hold/grade or sell this gold v75 proof? *** Moved by Staff to a more appropriate forum. ***
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Moderator
 United States
56855 Posts |
 to CCF. Can you post a link to the ebay coin that sold for 10g? John1 
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Pillar of the Community
Lebanon
505 Posts |
Personally I would grade it and keep it with me.
Edited by chronos 11/07/2020 05:19 am
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New Member
 United States
10 Posts |
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New Member
 United States
10 Posts |
Hi chronos! Would you be keeping it for personal reasons (you think it's cool), or keeping it because you are speculating that the price will increase past the $10-12k that it's going for right now in the market?
I personally think it'll go for more due to the low mintage numbers, but would love to hear what others have to say. Maybe this indeed is just a gimmicky coin whose hype will die down.
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Pillar of the Community
 United States
5029 Posts |
Did you purchase it with the intent to simply flip it? If so, then do it. Other wise keep it as a nice addition to a collection. Quote: But part of me also thinks that the market price is +$10k just because of "hype" I would not disagree.
Edited by scopru 11/07/2020 07:07 am
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Pillar of the Community
United States
1694 Posts |
i would if your fortunate enough for it to grade PF-70 it will be worth more in the long run even if/when prices subside
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Bedrock of the Community
United States
20753 Posts |
I'd get it graded and then sell it.
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Moderator
 United States
187702 Posts |
 to the Community!
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Pillar of the Community
United States
2189 Posts |
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New Member
 United States
10 Posts |
I'll keep an eye on that, thanks Jasper. I'll definitely look into how to get a coin graded. It seems like I can either do it myself by paying membership or finding a trusted dealer to help.
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Valued Member
United States
346 Posts |
What grading outfit do folks like better - NGC or PCGS? Personally I like the clear PCGS holders better vs the white NGC holders. Does one or the other command more of a premium?
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Valued Member
United States
124 Posts |
Quote: Here's a Proof-70 bidding is up to $9000.00 but shipping is going to kill ya. Five hundred seventy five thousand dollars $575.000.00 Hmm. Is it being delivered via spaceship or something?  On a more serious note, bidding ended at $15,100, which is actually right around where I expected that 70 to be (for now). In the long run, though, it probably will depend largely on the population/proportion of 70s.
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Valued Member
United States
124 Posts |
@jasper62, I looked into the shipping, and it appears that you can also opt for free local pickup and save the $575K. : P So seems to me that maybe they're trying to subtly encourage that rather than sending it with expensive insurance through the mail?
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Pillar of the Community
United States
669 Posts |
Quote: I looked into the shipping, and it appears that you can also opt for free local pickup and save the $575K. : P So seems to me that maybe they're trying to subtly encourage that rather than sending it with expensive insurance through the mail? On a serious note, Registered Mail is not that expensive for something like that (relative to the value of the item you're mailing) and they'll insure even cash if mailed via registered (lot of other services won't cover coins or bullion which is what makes RM attractive). It's just slower to be delivered due to the chain of custody involved with transporting RM. Quote: What grading outfit do folks like better - NGC or PCGS? Personally I like the clear PCGS holders better vs the white NGC holders. Does one or the other command more of a premium? Different strokes for different folks, but both have pros and cons. You have to have a "membership" in order to submit coins to each company, but you can automatically obtain submission privileges to NGC by being a member of the ANA which has other benefits like free admission to their conventions (assuming the pandemic ends in time) and access to their magazine. PCGS requires a $69 fee for one year just for the privilege to submit to them, not including the grading fees itself. If you plan on submitting multiple coins in a year, they have higher tiered levels that include grading vouchers. With that said, the perception is PCGS is a tougher grader so coins graded by them have a higher premium than a similar grade with NGC for the higher valued coins. Run of the mill coins I would personally send NGC anyway. However since this is a highly sought after coin, you may want to consider PCGS because of the perception. However, NGC is also offering a label that is exclusive to this set. People on here (and I agree) say "don't buy the label, buy the coin"; however, there are people out there that will pay more for the label which is another thing to consider.
Edited by mrpapageorgio 11/12/2020 10:34 pm
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Valued Member
United States
346 Posts |
I just picked up the $149 PCGS membership and shipped off my AGE. Hoping for the best! Now I need to figure out 4 coins to use the voucher on since the AGE doesn't qualify.
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Replies: 31 / Views: 6,593 |