World Gold advise

The wife eyed this one. Whats a fair $$$ on it? Thanks folks !!

http://cgi.ebay.com/1903-RUSSIAN-5-...goryZ547QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

 

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you cant see the coin pass. i would not pay more than 200 for this but you might have to look hard before you find one for that cheap

 

Well I just looked at it and at $232.50 it's going at about 2x-melt, give or take. I've got some of these in a safe deposit box someplace (I'm actually unsure of the bank right now, but they're 5s, & 10s), and I really like them. Can't grade this one for you, though, don't know how, but if you can trust the slab on that, I don't think that's too unreasonable a bid. Now if you're looking to "steal" one, I'd think you'd want to pass, here. But just my humble opinion, now. Good luck.

 

don't buy

 

Yep, we are just watching and learning. The wife did get a cpl Mexican 2 1/2 pesos at melt yesterday, then , as you would expect, gold dropped, lol.

I won;t be ready to really buy untill I learn alot more, and yes, I did buy the book first.

Russian coins intrigue me, but I think I will start off with a Mexican type set, that 50 pesos is a good looking coin and trades at melt most the time.

 

or you could just ask the big guns

 

you expect the poor guy to read 100 of them he will stop collecting world coins and i will lose another member in the world section

 

Arizona Jack?!

 

Snaz

Believe it or not, I find the artwork of world coins far superior to MOST of our coinage, with the exception of the Standing Lib quarter, IMO the most beautiful USA coin out there.

And I'll try to make headway into Mexican coinage. You have to start somewhere, and my geographical location is ideal, a cpl stores here carry it and know it well enough to answer my questions

Lincolns are my bread and butter as a wheeler dealer, but i have taken my set as far as I care to, every issue in AU and beautiful. Time to persue something new. Indian Cents and world gold is that something new.

 

AJ has finally left the power of the dark side and is now a true proponent of the force

 

Hey Jack,

IDK anything about this coin but if Doug and Spock says not to buy I wouldn't.

If you are looking for ancient world gold, I have a few gold fanams (small India gold coins- like .5 grams of gold in a coin)..I have two of them both in EF condition.

If you want one, I will send you one in your next package of Detroit goodies

just let me know and it is yours

stainless

 

I'm sure that's sound advice. Tell you what confuses me, though. Here’s another auction going on right now on some of these, and none of the coins have been pro-graded/certified/slabbed, nor are any likely to end up selling at just over melt: http://russian.coins.imusthave.ca/. I guess what I'm needing to know is, where do you suggest we do our buying?

 

I hear you. But if your ceiling on these is just over melt, think about it, where are you going to get that? Just take this auction, for example. This coin sold at just under $300. Melt on it, let's round it, $100. These "bullion investors" are buying on the come, anyway, expecting the price of gold to go up. But even in a reputable coin auction (if, indeed, there even is such a thing), how are you going to get one of these at $125/150? All wrapped up, graded, certified, and slabbed? And then, doesn't the date make any difference on these? Or, rather, are they all that lacking in numismatic value?

I know these are hard questions, but I wouldn't ask them to just anybody, and I'm sure (hope?) you know that. But I go in with a ceiling 50% over melt (which would be "generous," right?), and I don't see me going home with anything.

Just don't see anywhere I can get one of these at that price...

 

russian coins cannot be gotten for melt most of the time. BRIC countries are doing well and their coins are gettign very expensive. You can pretty much throw the KM pricing away for those. what you can do is look for a great deal on those that will allow you to get them for around melt but that will require a lot of patience but it will not happen most of the time for the simple reason that there are people who will pay more for the coin it doesnt matter if the coin is not valued as high (catalog)