Looking for an opinion on a purchase

I am looking for opinions on what to invest in with some 40% halves that I know a guy who will pay spot for them this Friday. I am selling him 39 40% for spot. I collect silver but I want at least one gold coin for my collection. So my question is should I just take my $180+ from the halves and buy a 1/10 AGE or just turn it around a buy 90% silver where my LCS will sell to me for spot.

Thanks

-Dave

 

Log in or Sign up to hide this ad.

Buy the 90% for spot. There is too much of a premium on the 1/10 ounce eagles to justify buying it when you can buy silver at spot.

 

Sounds like the time is right to buy that gold coin. Go for the 1/10 ounce AGE. :smile TC

 

I got the halves by roll searching so they only cost me $19.50 so I am thinking add at least $20 for the premium for the ASG and my total investment for the ASG would cost me about $40.

 

Flip a coin.

 

Go for the gold. Diversify your portfolio. And it looks really pretty.

 

The 1/10 oz AGE is a very small coin. It's even smaller than a dime.

For the money I would suggest looking into a nice seated or capped bust half dollar. Or maybe a few graded Morgan dollars.

 

I am looking to invest my 40% bullion into 90%+ bullion.

 

I'm gonna agree with Detecto here. I have a 1/10 ounce piece and, even though its gold, its quite anti-climatic in that its s-o-o-o-o freaking small!

If your looking for gold, wait and save then pickup up Liberty $20 piece. You'll be glad you did.
If you cannot put 2 grand together, then go for the 90% silver.

I must have missed it but where did you get the half's? Roll Searching? If so, just do more roll searching until you get enough for an appreciable piece of gold. Heck, even a $10 piece would work at half the price of the $20.

 

Well if your looking for bullion I would suggest looking for some older pieces that function both as bullion and old coins. Mercury Dimes, Standing Liberty Quarters, and Walking Liberty halves come to mind.

 

My LCS will sell Walking Liberty and Franklins for melt so I was thinking of going down that road. They will be a common dates, but they will be in good shape.

 

I got most of them for asking what tellers at banks had in their trays and a few roll searching. I don't have time to search for the volume to get a larger gold coin, but I am jumping on the fact that someone is going to buy the 40% halves for melt so I can turn around and buy something better.

 

Your doing great there. 40% halves are not easy to sell for melt.

 

What he said... Including the bit about the size, and the fact you can't believe something that tiny is worth $200 at the moment.

I would continue to roll search and see if you can get enough to do at least a $5 piece, 1/4 oz. They are large enough to make you feel like you actually own a piece of real gold, and you can get them for under $450, especially with the recent dip. Bullion grade krugerrands and British Sovereigns are nice as well, low premiums too.

BTW - anytime you can sell the 40% for spot, TAKE IT, even if you just take the cash and put it away until you get enough to buy what you really want. As a lot of folks around here have experienced, it's not easy to find LCS or others who will pay spot, more like 80-85% so jump on it as long as you can.

 

I'd buy the AGE, golds down a bit and it's nice to diversify. Maybe slightly smaller than a dime in diameter (.650"/16.5mm versus .705/17.9mm) but they look much nicer (even in the non proof variety).

 

Its funny, this picture proves how small they are, but is making me want to go with the AGE.

 

I'm with you rockyyaknow, about time to add some gold.

 

If you want gold I would shoot for a half sovereign. They can be had for $200-$260 and they are about the size of a Nickel.

 

You could always go for a 2 1/2 dollar gold indian head. I just got my first one, and I am very happy with it. They're not too expensive. The LCS I went to up north was selling them between 375 and 415. I got an unc 1926 P for 415.

 

I was looking into one of those a few months back. The reason I want to go with a 1/10 AGE is because it is more affordable and I collect silver and I just for now at least want 1 gold coin to own.