I was considering selling my Morgan Dollars for a nice gold piece. Does this sound like a good idea for me? I would aslo like to say that wouldn't the rise in value go up higher for the gold piece than said Morgan?
Well, the Morgans are already paid for. What gold piece are you looking at. 1/10 ounce usually carry's a big premium, and so isn't worth it. Also it depends on the Morgans. Are any of the CC's. I'd keep those. There's too many variables to say one way or the other.
Probably not. If the morgans are high quality, they are probably as good of an inflation hedge as gold. If they are low quality, you won't realize much of a premium over melt value, and the value of the silver content is likely to perform as good or better than gold. Nobody knows for sure. To be of more help, it would be necessary to see photos of what you own and what you intend to buy.
My heart is thumping as I'm new at gold investing and looking at two of sovereigns....one looks much brighter but far less depth of relief than the other and I'm wondering if I made a mistake with the purchase. I have an 1887 Victoria Sovereign that looks pretty flat but very bright........my 1889 one looks duller but has a rimmed depth to it around the edge but no evidence of this on the earlier coin. Perhaps one was less well preserved and it's been polished.....please put me out of my mysery. Thanks JP marbury518
I've posted all four coins on my album. The shieldback 1869 has WW at base of neck, v clear with glass. Looks like JEB under the 1889 Sov. looks like an FP or an EP on the 1887 Sov, looks like JEB under bust and one letter and an F on on the reverse of the 1893. The gold does appear worn pitted under a glass so perhaps its paranoia and they've been polished. Thanks in advance for any opinions of the CT experts. JP
It all depends on what you invest in. I bought a 2008 pf 70 buffalo for 2100 a year ago and now its worth 4500ish. If you have the foresight to make a buy like that then yes sell that silver and get a gold coin. If not then hold the silver till you think somethings worth it.
I wouldn't know unless actually looking at the coins. But shiny isn't necessarily better. When looking at coins a nice solid strike is often times a better coin that one that is shiny.
Personally I would not finance one coin with another due to transaction costs. I know the feeling of wanting "gold". It's nice and pretty to look at. Save your money and buy a bullion coin to carry in your pocket (in an airtite of course). Then add to your bullion position over time.
Not sure if any of these posts are directed to me and my question about Gold Sovereigns but if any are, I think there may be some confusion........my concern was that I bought a coin that may not have been legit......looked too shiny and felt a little light..maybe my imagination. My scales arrive in a few days so I will find out then I guess. I actually went to try and get my sovereigns looked at by a pro today, a pro numismatist that is, but whole trip was waste of time. Drove 20 miles to a shop that turned out to be a room in a hotel type stately home and the caretaker just had to guess which faceless white door was the 'coin guy.' Very bizarre. Don't set off before you call I hear you all say. JP
