Thinking about trading 11- 2006 $50 gold (BU)buffalos to a guy for 5- pf70 uc gold eagle sets $5,$10,$20, $50 coins. The proof sets are ngc graded four coins in years 2000,2001,2002, 2005, and 2006. Does it sound like a good deal? What can I expect to get for the proofs and where is the best place to sell them? Thanks in advance for any help.
I did a completed listing search on ebay and saw a 2000 set sell Nov.1 for $2.750.00 So it's not a bad deal but I agree with the other poster. I would keep the unc's. Easier to liquidate.
You're obviously coming up short when you consider bullion only. If I do my math correctly, something like $1500-2000. You have to decide whether being graded PF-70 makes up the difference. For me, the answer would be "No." Ergo I wouldn't make the trade. I consider all of these "coins" to be bullion and therefore the PF-70 grade would mean nothing to me. Making the trading for 9 of your Buffs would be ideal. Making the trading for 10 of your Buffs is worth consideration. But not all 11.
Kanga, To you and I they may be just bullion but not to all. I remember thinking the same thing about the 2006 ASE anniversary set. I thought it was ridiculous to spend a 100 bucks for 3 oz's of silver. A good friend kept hyping them so I bought my 10 sets anyway and sold them for 400 bucks each. The fact is that these bullion coins graded and slabbed by NGC do sell at a premium.
I don't disagree with you. That why I made it clear that it was my opinion about them being bullion. And I know many of these items start off with quite a premium. Hype can overexcite people (feeding frenzy). But many don't hold it. Prime example: Washington Pres dollars with no edge lettering. I saw as high as $1200. Now you can get them for under $100. If you have the money to get into the ground floor on all the Mint issues, you can take the chance. Even if only one out of 10 comes through, it would be worth it. The rest can be sold for a small profit (remember, I said ground floor.) But once the hype kicks in, I think it becomes TOO chancy.
keep the buffaloes. They are worth more now, and they will be worth more in the future. The guy who offered the trade knows that, and now so do you.
Be very reluctant so the guy will sweeten the deal. Get more for your trade. :thumb: Remember, you only want the short end of the stick if you're in the pokey. Ribbit
Thank you all for the info. This guy has the complete set in NGC PF70 every coin in every year. He cannot find a buyer for the complete set so he is splitting it up. It looked pretty impressive when he rolled a suitcase into my shop and pulled out a twenty coin NGC box with all the sets inside. Some sets are asking for over $2000 on ebay but noboby is bidding on them. I've even seen some asking as high as $3800, but again no bids. I put some buffalos on ebay starting bid of $875, we'll see if they sell. After thinking about it, I'll probably offer the guy 10 buffalos for five pf70 sets. Thanks for the input. Rich
I have noticed a lot of bidding levels drying up on ebay in the coin groups I look at. More people are using "reserve" due to the lack of sufficient bidders on the pure "auction" basis. The hype that "coins" are a safer haven than the stock market should be revving up even more as the " demand" side lessens, and that may be true for the higher "Heritage" type of coins, but collectibles of lesser kinds are being sold off to pay for living expenses and continuing businesses. Jim
