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Replies: 10 / Views: 2,155 |
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New Member
United States
18 Posts |
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Bedrock of the Community
Australia
21786 Posts |
Premium over spot at the time of purchase was 9.17%.
To find out if you did OK since 25 Aug 2008, the purchase price of $449 has to be compound multiplied by the official inflation rate for each year, since 2008. You will need to go to the US Bureau of Statistics (or whatever else it is known as), to find the annual inflation rate for each year.
Compare the result of your calculations with the current sale price with premium.
Remember, if you need to sell it, any profit you make on it after inflation has a tax payable on that realized net profit, after inflation has been taken into account.
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Pillar of the Community
 United States
5661 Posts |
You did great! Annual inflation averaged only around 2% for the past several years, until this past year. Always good to find a gold coin you forgot about!
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Moderator
 United States
15392 Posts |
 to the CCF
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Pillar of the Community
United States
2215 Posts |
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Pillar of the Community
Canada
557 Posts |
 Found money! Of course you did well. Selling it would free up some revenue to buy a pre 1933 gold coin with collectible value.
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New Member
 United States
18 Posts |
Quote: Found money! Of course you did well. Selling it would free up some revenue to buy a pre 1933 gold coin with collectible value.
I am interested in the Pre-1933 gold coins. Best to buy them slabbled or raw? If slabbed what is the lowest grade you would recommend? I have seen several MS62 to MS65 for sale.
Thanks!
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Valued Member
Canada
128 Posts |
I try to get as close to bullion price as possible . It was easier a few years ago when you could get Saints Double Eagles in MS 63 for only a slight premium. Right now after checking at APMEX premiums are fairly high for anything MS 62 or over.
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Moderator
 United States
187702 Posts |
Very nice! 
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Pillar of the Community
Canada
557 Posts |
Yojoe1964, personally I don't even look at gold coins that aren't slabbed and if I'm looking for US pre '33 I'll only buy NGC or PCGS graded. There are just too many gold counterfeits floating around to buy raw unless you have some serious expertise and can hold the coin in hand before laying down cash. As far as grade is concerned that definitely depends on the scarcity of the coin you are looking for. For a more common piece, like say a 1911 Indian Head eagle, I would look for something MS 63 or better. For something less common unless your pockets are very deep I would be happy with EF or maybe AU range. I never buy anything below an EF40 in gold.
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Valued Member
United States
52 Posts |
Few forgotten things as pleasing to rediscover as a beautiful gold coin.
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Replies: 10 / Views: 2,155 |
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