$5 Commemoratives As A Gold Holding?

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Author	Replies: 6 / Views: 1,790
97guns Valued Member United States 59 Posts	Posted 05/31/2011 10:54 pm ive been snapping these up at a torrid pace for the past couple of weeks, I just checked my dollar cost average for the 13 I've aquired and its $1390/oz. just looking for opinions on this as a holding to the stack, it works out to be around 10% of my gold stack. I understand that I will be lucky to get spot when selling but I've got some wiggle room at the price I'm in at. Report this Post to the Staff

97guns Valued Member United States 59 Posts	Posted 05/31/2011 11:17 pm im talking common dates only Report this Post to the Staff
mkman123 Pillar of the Community United States 3184 Posts	Posted 06/01/2011 02:09 am I don't like them because they take longer to sell vs gold eagles, maples, etc. They are not as desired.......I mean go to a coin show, most people buying gold are buying numismatic or eagles, hardly anyone is buying commem gold Report this Post to the Staff
muddler Pillar of the Community United States 7187 Posts	Posted 06/01/2011 10:26 am I had made a few gold commemorative purchase five years back. Now I'm strapped for cash and have been forced to sell some. My last ebay sale sold for 3% under spot for a NGC graded PR69, a bit disappointing. Report this Post to the Staff
97guns Valued Member United States 59 Posts	Posted 06/01/2011 10:51 am looks like you sold it no problem, I'm assuming you paid a premium on it since its graded. would you still be dissapointed if you had bought it below spot? Report this Post to the Staff
Coin Chaser Valued Member United States 307 Posts	Posted 06/01/2011 11:47 pm I assume you are refering to the 1/10 ounce american eagle gold bullion coin. This issue is a dealer favorite as the buy/sell has a big spread. We buy at 85-90% of spot and sell a 5-7% over spot. The newer issues will not have the numistic value because of higher mintage. ebay is a large market but you will find it hard to make a profit due to the 10%+3% charges. You will not know if you made a good buy or not until the item sold. Gold will always have a value but it is detemined when it is sold. Good Luck. Report this Post to the Staff
IHPO8S Valued Member United States 374 Posts	Posted 06/02/2011 4:26 pm I own many gold coins but not 1 commerative gold coin. But at the right price I would buy some. My favorite $5.00 coin is the indian Report this Post to the Staff
	Replies: 6 / Views: 1,790

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