I'm looking to purchase a Lot of $5 Gold Liberty Head's. There are a decent amount of them, most in G to VF condition, but a few are very nice and would not surprise me if they got a high XF grade. That being said when I look up pricing on some of the grading websites, these pretty much follow spot gold pricing (plus a modest premium). Is that right? None of them are super rare dates or mint marks and they are all 1880 or newer. Is just over spot price a fair price to pay, or do they usually sell for less than spot price? I did have them verified at a coin shop, but I am just curious as to the trends on these from those who have followed the market for a while. Thanks!!!
Yeah that's what I was seeing also. Too bad I'm pretty sure there are none that good Any other thoughts - would you skip buying the lower grades, or buy them all if I can get them right at spot price or just lower?
Well no one is sure of the direction, but.... I'm buying them more as a long term hold than a short one. Though if there is a decent jump in the next year or two I might sell off a few of the lower quality ones to re-coop some of the initial investment short term.
Consider them all at spot gold prices. Then, if gold heads up you win. Personally, I'd leave the lower ones along and shoot only for the higher grades.
