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Classic Gold Auction Results Review

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Pillar of the Community

United States
759 Posts
 Posted 01/10/2011  7:31 pm Show Profile   Bookmark this topic Add OneBowl to your friends list Get a Link to this Message Number of Subscribers
Hi,

I'm trying to learn about Classic Gold since I need a quarter eagle at some point. Any opinions on the referenced auction results would be appreciated. Was it a good deal for the buyer, not so good, or fair value? Anything suggest the coin is not authentic? When the day comes I can get one, what should I look for, steer away from, expect to pay for say a VF to XF? Basically, I'm looking for some Classic Gold 101 input. Thanks.

http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWAX:IT

Rest in Peace
johnny54321's Avatar
United States
4849 Posts
 Posted 01/10/2011  9:30 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
The coin has nice XF details, but is badly damaged. However, I think the buyer did pretty well. You cant usually get a classic head for that close to melt. I think the market has really calmed for classic head gold.
Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 01/10/2011  10:25 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
when I started my dansco7070 album is the only time I had ever bought any classic gold coins and I am glad I did it then instead of now. Even though the expensive coins like trhe $3.00 gold pieces and stuff werent included there are 2 of just about each denomination all the way up to double eagles. I remember at the time paying $600.00 a piece for the Double Eagles and thinking man there is no way I could collect these things. I look now and see coins in the same grade I bought back then for $600.00 sell for close to $2,000.00 for double eagles and I am glad I finished up the gold page when I did. I think my 21/2 dollars like this one in AU-50 or above were less than 100 bucks for a common date
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sel_69l's Avatar
Australia
21786 Posts
 Posted 01/11/2011  01:33 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I was buying 1/4 ounce Sydney mint mark Shield Sovereigns in 1968 for $15 each in EF.

With average inflation at 4% over that time, they should be $80 now. Bullion value alone is now about $330. Catalogue value is around $400. The average investment performance works out at 7.9% p.a. over that period.
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