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 Replies: 27 / Views: 2,962 |
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New Member
 United States
23 Posts |
@livingwater
I am good as far as budgeting, (strong like bull!)
I bought quite a bit back many years ago and now revisiting. Shocked by premiums. It's like the premiums have gone up about four times more than gold did. I think I'm gonna invest in premiums instead of the gold.
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Pillar of the Community
United States
2049 Posts |
When buying/selling online, here are a few tips I have used. I have done close to 100 deals between PMs, coins, and firearms/ammo over the past 15 years or so.
1) do not use your real name on your email
2) do not use your real phone number if possible - get a burner phone or number (you can get one for $5/month with a 1-year subscription)
3) meet in a public place during daylight hours - bank, police station, library, etc.
4) bring a friend if you can
5) once you have completed the deal, do not go straight home - make some stops along the way and take an alternate route home. Make sure you aren't being followed.
6) don't give out too much information about what you have or your purpose for buying the items - it's not the other person's business
Others already gave good advice on dealing with possible fakes, so the above suggestions are under the assumption that you have that covered.
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Pillar of the Community
United States
6389 Posts |
For one reference point, I recently offered a 1906 gold Liberty eagle for sale at my local coin shop; they offered $880 for it which was around $60 less than the current gold content value. The coin was circulated with edge damage so it was just a bullion piece.
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Valued Member
United States
240 Posts |
my favorite tool when buying face to face is a pocket scale, turned down a sale due to under weight
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New Member
United States
23 Posts |
@coinnhunter53562
you sound sooo much like a gentleman I recently did a transaction with. he told me a lot of the same things. nice guy, retired merchant marine. I had been doing most but I think I will up my "tradecraft" to another level just to be careful
which burner phone to you prefer?
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New Member
United States
23 Posts |
@kennedy759 i have one, goes out to 2 decemals places for grams. my old one I had for years absolutely sucked compared to this new 14$ Amazon special. what a difference |
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New Member
United States
23 Posts |
@jaobler
i assume that was a 10$ coin?
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Pillar of the Community
United States
6389 Posts |
Rockwind1: yep, a US $10 Liberty gold piece.
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New Member
United States
23 Posts |
@jaobler
wow,, so they would resell the same coin for 250 over spot,, so making 310 on one coin transaction is pretty good
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Pillar of the Community
United States
3343 Posts |
Depends on your dealer rockwind1. The LCS I use resells junk eagles for $50-100 over spot. I have bought gold nuggets with inclusions there for 20% under spot - but would resell them for much less than that. Nuggets fall more into the category of collectables than bullion.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
06/26/2023 10:29 am
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New Member
United States
23 Posts |
@thq
thanks, I thought this thread had died. I don't get notifications of new posts
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Pillar of the Community
Portugal
655 Posts |
Demand for american gold coins seems to me unusually high. Just saw 12 double eagles that were on sale for 2000€ in a local shop suddenly being bought. Mostly late libertys. Same buyer, or so the owner told.
These were coins I had passed over as not being worth saving from sending to melt. Did not think he would find buyers. He did even as metal prices come down. Odd.
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Replies: 27 / Views: 2,962 |
First Page
Posted 06/24/2023 1:01 pm
