"trading Up" Gold To Gold?

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Author	Replies: 6 / Views: 1,355
lukkyseven Pillar of the Community United States 880 Posts	Posted 06/23/2011 4:41 pm Can it be done? Should it be done? I think the only gold coin that I have right now is probably the absolute most common date in the series. It's still gold though - so should I try to sell it and spend a little more money to get a better dated coin? Or is this a case of Gold is Gold? When looking at gold coins (and I haven't much yet) is there more value in the gold content or the numismatic value? I'm not talking about a coin where only two were minted ever, but lets say a nice CC example. Should I look to convert two basic gold coins to a nice CC example? Any input is welcomed. Report this Post to the Staff

Freedom Pillar of the Community United States 526 Posts	Posted 06/23/2011 6:51 pm I upgrade Junk AG to AU, not AU for AU. Report this Post to the Staff
junior e Pillar of the Community United States 931 Posts	Posted 06/24/2011 7:10 pm What gold coin do you have now? Report this Post to the Staff
Jaobler Pillar of the Community United States 6391 Posts	Posted 06/24/2011 7:31 pm My local dealer recommends trading in bullion gold (American Eagles, Krugerrands, Maple Leafs, etc.) for vintage US gold coins. For a tiny premium you can (for example) trade in a 1-ounce gold Eagle for a nice AU St. Gaudens or Liberty $20 gold piece. The bullion coins will never be collector items while the old US gold will always have appeal above and beyond the gold content. I'm thinking of following his advice with the 2 Maple Leaf 1-ounce coins I bought a couple years ago. I'll keep an eye on his $20 gold inventory and maybe take the plunge if I spot a couple of especially nice ones. Report this Post to the Staff
lukkyseven Pillar of the Community United States 880 Posts	Posted 06/24/2011 8:25 pm See that's what I was thinking... The only problem is that I think the AU gold I have doesn't have a lot of Numismatic value to it. Report this Post to the Staff
BuffaloBonehead Valued Member United States 333 Posts	Posted 06/26/2011 10:37 am I think the bullion to St. Gaudens conversion is a good one, however I don't think I would sell my bullion for quarter eagle indian heads. I think those purchases would have to be funded independent of my already existing stock. Report this Post to the Staff
Jaobler Pillar of the Community United States 6391 Posts	Posted 06/26/2011 11:28 am I went into the shop yesterday and saw a nice 1902-S Liberty $20 that would probably grade AU-58. The clerk calculated the numbers and I would have had to kick in $48 on top of a 1-ounce gold Maple Leaf to get that $20 coin. The transaction would be free of CA sales tax since the purchase cost of the $20 piece is over the $1500 CA tax-exempt threshold. The only obstacle was a small but noticeable cut on Liberty's cheek on the $20 coin. If a nicer $20 shows up I think I'll go for it. Report this Post to the Staff
	Replies: 6 / Views: 1,355

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