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$5 Commemoratives As A Gold Holding?

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Author Previous TopicReplies: 6 / Views: 1,790Next Topic  
Valued Member

United States
59 Posts
 Posted 05/31/2011  10:54 pm Show Profile   Bookmark this topic Add 97guns to your friends list Get a Link to this Message Number of Subscribers
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.
Valued Member
United States
59 Posts
 Posted 05/31/2011  11:17 pm  Show Profile   Bookmark this reply Add 97guns to your friends list Get a Link to this Reply
im talking common dates only
Pillar of the Community
United States
3184 Posts
 Posted 06/01/2011  02:09 am  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
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
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muddler's Avatar
United States
7187 Posts
 Posted 06/01/2011  10:26 am  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
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.
Valued Member
United States
59 Posts
 Posted 06/01/2011  10:51 am  Show Profile   Bookmark this reply Add 97guns to your friends list Get a Link to this Reply
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?
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Coin Chaser's Avatar
United States
307 Posts
 Posted 06/01/2011  11:47 pm  Show Profile   Bookmark this reply Add Coin Chaser to your friends list Get a Link to this Reply
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.
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IHPO8S's Avatar
United States
374 Posts
 Posted 06/02/2011  4:26 pm  Show Profile   Bookmark this reply Add IHPO8S to your friends list Get a Link to this Reply
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
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