should I trade my 1911 british 1/4 ounce gold sovereign coin for silver coins/bars?

should I trade my 1911 british 1/4 ounce gold sovereign coin for silver coins/bars?

or should i keep my only gold coin?
the coin store will offer me around 400 for it, or I could sell on ebay for 450-500

 

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It's up to you if you want to do so but you may be able to find a better deal in trading it to someone who has silver but wants gold versus selling on ebay or at your lcs.

 

Do you also have silver? If you do, I would hold onto some gold as well. I am a firm believer in diversification.

 

yea I have only about 10 ounces of silver bullion and alot of junk canadian silver coins.

1911 british 1/4 ounce gold sovereign coin is my only gold coin.
yea i was thinking the same thing i might as well diversify

just started collecting like a month ago

 

You are in good shape then. No rush. Before you know it you will be an old hand like me with thousands of coins.

 

Fyi after ebay fees your item will have to sell at 450+ to match what the coin store offered you.

 

i just re-looked it up on ebay and its actually around 550

 

I have 5 of those 1/4 Gold Sovereign Coins, all mid to late 1800's, and they would be the last Coins I'd want to part with.

Just something about Gold! Makes me go crazy!!!! ..... :bart: