Making Money on Generic pre-1933 gold

Dont forget commissions if you sell on eBay.

 

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Their are plenty of people in my area that buy coins. If I list coins on Craigslist I get calls all week. The biggest bummer for me is driving to meet people somewhere.

 

You think thats a bummer? Wait untill you get robbed. It happens everyday on Craigslist.

 

I hope I don't get struck by lightning when I'm at Barnes and Noble either.

 

You could be, so I think that borders is a safer bet.

 

I'll definately make my transactions there from now on, and I'll always be wearing my new NGC "sonically sealed" protective suit to combat against deadly bacterium that has been mysteriously sickening those who do the evil selling. ****Ching Chong Pow, How Now Brown Cow*****

 

Just wanted to give an update.....

I have in my possession a 1907 D $5 Half Eagle that I recently purchased on E-Bay.

Granted gold has had it's biggest day in 20 years; however I purchased this coin for $223 which now is about $3 north of spot price on the coin.

I estimate the grade to be AU-55 as there are small traces of wear, but definitely not enough, and not in the right places to bring it down to EF.

Redbook is $300
PCGS 310
Greysheet 230/235 (WHOLESALE for raw coins)

Like you said I would not call it "making money" in the sense that it could be considered income, but it will surely come out in my favor when I use it for trade, or cash it into my coin account.

Every little bit helps and I can accumulate more coins by doing this little by little. I think this represents a good deal and "technically" it was a profitable transaction, although I would not consider this a windfall profit by any means.... And thank God, because if it were Pelosi would be all over this forum.

 

Keeping it honest.....

Ok... I have done pretty well with various other coins since I started this post, but I really got hammered on this one. The e-bay pictures were very forgiving. You should be able to save and zoom in on these to see that this coin was not as advertised. I paid 371 total for the coin. I think I can get a decent trade value for it, but I will definitely lose money on this one.

What do you think the grade is?? I would say AU 55 details, cleaned, and scratched (reverse).....