Need advice

Discussion in 'Coin Chat' started by Truth1253, Sep 16, 2016.

  1. Truth1253

    Truth1253 Southern boy

    Should I buy this for $2100 or would that money be better spent on better coins to go up in value long term?[​IMG]
     
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  3. afantiques

    afantiques Well-Known Member

    In the long run it is just a puffed up bullion coin.

    An $800 premium is a joke.

    Don't buy it.
     
  4. spirityoda

    spirityoda Coin Junky

    do not buy it. the price is way to high.
     
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  5. lordmarcovan

    lordmarcovan 48-year collector Moderator

    That's a lovely coin, but I tend to agree. That's way too big a premium for what is essentially, as @afantiques said, a "puffed up bullion coin". I think you'd probably be better getting something with some history and/or rarity to it.

    By way of an apples-to-oranges comparison, I paid $2,300 for this:

    [​IMG]

    [​IMG]


    It was my biggest purchase ever, by a factor of more than 2x. In fact, it was the first and so far only time I've paid four figures for a coin.

    Does it have "investment" potential? I'm not sure. VF30 is a pretty modest grade. But respectable enough, when you're talkin' Dahlonega gold, I suppose.

    Which isn't to suggest you should go out and buy a piece of 19th century Southern gold or whatever. Buy what appeals to YOU- something you'll enjoy.

    But if you're wanting to make an "investment", be sure you buy something that is likely to appeal just as much or more to somebody else down the road, or you'll be less likely to get your money back out of it, let alone make any profit.
     
  6. World Colonial

    World Colonial Active Member

    I wouldn't pay more than a nominal premium for any world NCLT gold. For this coin, I'd say the real collector base for it (as opposed to "investors") is zilch. Of course, I wouldn't either for US NCLT but at least there is a liquid two way market for it.
     
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  7. Treashunt

    Treashunt The Other Frank

  8. ldhair

    ldhair Clean Supporter

    That's a lot of money for just a common coin. I would buy something more classic.
     
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  9. Maxfli

    Maxfli Well-Known Member

    I wouldn't, but buy what you like.

    That said, Lord M's advice is sound.
     
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  10. medoraman

    medoraman Supporter! Supporter

    I have to agree with others OP. When you sell this coin, most dealers most likely would offer you around melt. Its a common coin and they are all in great condition.

    Let me ask you: What are you TRYING to collect? Are you interested in a gold investment? Are you wanting to collect rare coins with a theme? What is YOUR goal? Without knowing that, I cannot recommend anything, since your goals would change my suggestions.
     
  11. Jedinited

    Jedinited Jayhawk Numismatist

    IMHO, as a collector, rarely, if ever, pay much of a premium for modern bullion coins. 99% hype.
     
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  12. chascat

    chascat Well-Known Member

    I agree with Lord Marcovan...A vintage gold coin with so much history in it,s soul is to me 10X the fun with investment potential, made from U.S. mined gold...for the same money, you can own a vintage $20 Liberty coin from the 1870,s and be able to hold it in your hand. It,s euphoria to own one!
     
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  13. Truth1253

    Truth1253 Southern boy

    Thank you everyone for the advice. I hope EBay doesn't get mad.


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  14. ldhair

    ldhair Clean Supporter

    Did you already buy it on Ebay? If you did you need to complete the deal.
     
  15. Truth1253

    Truth1253 Southern boy

    You're absolutely right what a wonderful feeling it is.


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  16. COCollector

    COCollector Well-Known Member

    From the image in the 1st post, it looks like it's in the OP's cart. Correct me if I'm wrong, but that doesn't mean a commitment to buy.

    More worrisome is the 31% battery's state-of-charge. :)
     
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  17. Truth1253

    Truth1253 Southern boy

    Why's that? Besides the obvious.


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  18. lordmarcovan

    lordmarcovan 48-year collector Moderator

    The "obvious" being that if you completed checkout on the deal, you have made a contract with the seller and are obligated to buy the coin unless he agrees to release you from that obligation. If you walk out of a deal, it's not just eBay you have to worry about being mad at you, it's the seller you walked out on. He then has grounds to complain to eBay about you.

    IF you did complete checkout and thereby agree to purchase this coin, but want to back out of the deal now, see if the seller offers a return privilege. (One would hope so.) I would then tactfully message him and explain that you've had a change of heart and rather than going through a return and all, you'd prefer to save him the trouble of shipping it in the first place. I typically offer to reimburse the seller a small "restocking fee" to cover any inconveniences he experienced (but many sellers will release you from that and not ask for such a fee, if you're polite enough).
     
  19. Truth1253

    Truth1253 Southern boy

    I made a offer and he accepted. I had a "change of heart" for the first time in all my purchases. I just didn't feel right about the coin. I explained the honest reason to him. He asked why and I told him it just a feeling I had. And of course I was polite about it, it was my fault, plus I was raised in the South. If EBay kicked me off I would look at it as saving me money. We'll see what happens.


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  20. lordmarcovan

    lordmarcovan 48-year collector Moderator

    So he excused you from your obligation? If so, good. Good that you were tactful.

    (Worst case scenario, if you had bought it, you would've overpaid, is all. You'd still have had a sweet coin.)
     
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  21. COCollector

    COCollector Well-Known Member

    Show of Hands: Anyone here ever overpaid for a coin?
     
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