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 Replies: 13 / Views: 3,188 |
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Valued Member
United States
373 Posts |
I bought an NGC slabbed 2006 W Gold $50 PR70 Deep Cameo American Gold Eagle about 3 years ago for $940 on ebay. Now, on Numismedia it is worth $2,220 (unslabbed). But, my concern is last summer that coin was listed at $2,500 on Numismedia, and now the value has dropped, even though gold prices have consistently risen. I don't get it. Any thoughts? |
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Valued Member
United States
463 Posts |
just means demand for the coin has decreased or there are more ms 70 pieces out there. I never understood the point of paying huge premiums for graded bullion so my best advice would if you can get that 2,200 or up I would due it in a heart beat then re invest the money back into some other things. Plus lets say you get the 2200 minus the 900 you got 1300 profit
If I were you I after I sold it I would re invest the money in either low mintage graded coins, silver, or some type of circulated gold graded such as $10 indians $ 20 eagles, etc
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Valued Member
 United States
373 Posts |
I agree with you, but don't you think if gold keeps going up in price, by the end of the year my coin will eventually increase in value?
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Valued Member
United States
463 Posts |
Just did a quick search on the bay, doesn't look like any of the pr70 in auction are not getting 1700+ bids and 2 are ending in 24 hours. Here's one thats ends in a few days and is a little over the spot of gold, watch it and see how it does to give you a general idea of what you may get http://cgi.ebay.com/2006-W-50-Gold-...em4cf4faa2c2 |
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Bedrock of the Community
United States
10982 Posts |
A 2006-W $50 GAE PR70DCAM slabbed by PCGS closed on Teletrade this month for $2150. Prices have dropped over the last year for sure and the mint starting striking GAE proofs again. You're still in very good shape because of the purchase price but they are down about $500 or so. Oops! Sorry - above quote was for a reverse proof. Latest regular proof in 70DCAM went for $1,898 so they down about $700 from their peak. I feel your pain!  Edited by BH1964
02/09/2011 03:01 am
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Valued Member
United States
373 Posts |
bryan1234 - yep, that's my coin. With 3 days left, if it doesn't get to at least $1800, I don't know.
bherring1964 - I guess PCGS slab brings in more money than an NGC slab. I hope I'm in good shape.
So, when gold goes up, I don't get that excited anymore since it seems to have a negative affect on my coin as of last summer.
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Valued Member
United States
123 Posts |
You can always sell the 70 and buy a 69 which sells much closer to melt. The problem with 70's is their premium which doesn't make sense because most of the proofs minted are 70's. My guess is this will continue to drop in premium and get closer to melt. If you think gold prices will climb why not just buy gold? As an earlier poster said older circulated coins and raw bullion are better ways to play that trend. If you sell this coin you could probably pick up more weight in gold by buying circated early 20th century gold.
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Valued Member
United States
373 Posts |
A few years ago, before I bought the Gold 2006 AE, I bought a 1923 St. Gaudens MS-62 (or was it a 1922 MS-63). Well anyway, that St. Gaudens has even a lesser value than my current 2006 Gold AE, according to numismedia.com. So, I'm not sure what to do.
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Bedrock of the Community
United States
10982 Posts |
If you don't need the money now, then don't sell either one. If you do need the money now, I'd sell the modern proof first. And yes, the proof in 70 is worth a bit more than common-date Saint in 62-63.
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Bedrock of the Community
United States
14454 Posts |
the price of gold has nothing to do with the value of your coin going up or down, it just means it should never be worth less than the gold content. The collector value doesn't follow the metal value so it can go down while the price of the metal goes up
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Valued Member
United States
373 Posts |
I sold the St. Gaudens a few years ago to Heritage Auctions in Dallas, and I only got about $740, so I lost money on that coin.
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Valued Member
United States
463 Posts |
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Valued Member
United States
425 Posts |
You know I HATE to see a fellow coin guy in pain. So just send me the coin and if I like it I'll send you $950. This way you can tell your self you are out nothing, just break even you know. I always feel better when I break even on a coin......trust me, you will too!
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Valued Member
United States
373 Posts |
I think I sold it in 2007. I was assuming I would at least break even on that St Gaudens. I think I paid about $950 or so.
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Replies: 13 / Views: 3,188 |
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Posted 02/09/2011 02:40 am
