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<p>[QUOTE="LETSBUYCOINS, post: 186331, member: 2657"]huntsman53: interesting: Im not sure if what your'e saying contradicts what Im saying, or maybe the coins you mention simply follow different trends from the $10 gold piece. Correct me if Im wrong: the $5 piece is a quarter ounce of gold. so the scrap value probably is about $140 at current gold prices. Then theres the premium for mumismatic value. Maybe the market doesnt give anywhere near book value for your two coins because they are lower than the lowest mint state. I dont know. if the books show $275 and $255, then theres retail coin shops charging that. Are they getting it? very possibly. There might be a lot of coin collectors that dont get to shows. Ebay might have driven the market down. "sell it fast. sell it cheap: the new mantra of ebay bidders?" of course, you're talking abot $5 pieces. The hobby might be biased against them. Maybe collectors prefer the larger coins. Antique pocket watches sell better in the larger sizes. Ladies wrist watches are allegedly a commodity nobody wants. Its the mens watches that sell. But a side-note: In this modern society I dont understand gold as a safe investment. In a political crisis, they bid up gold. you cant eat it you cant drink it. Nobody can break a gold coin into smaller bills for you. They wont break a twenty. what the hell do you do with a gold coin? if terrorism disrupts the supply of energy, or the flow of commerce and banking, then commerce will collapse, and gold will be useless. you better learn to grow food, and make clothes and fish and build a log cabin. Call me a crazy nut, but thats what I believe. where will you make your money? Gold will adjust upwards for inflation. take a 20 year long-term position on some gold, and sell after twenty years of inflation increase its core value. and hope in twenty years, the lights still go on, and the store has fresh produce, and all is well.[/QUOTE]</p><p><br /></p>
[QUOTE="LETSBUYCOINS, post: 186331, member: 2657"]huntsman53: interesting: Im not sure if what your'e saying contradicts what Im saying, or maybe the coins you mention simply follow different trends from the $10 gold piece. Correct me if Im wrong: the $5 piece is a quarter ounce of gold. so the scrap value probably is about $140 at current gold prices. Then theres the premium for mumismatic value. Maybe the market doesnt give anywhere near book value for your two coins because they are lower than the lowest mint state. I dont know. if the books show $275 and $255, then theres retail coin shops charging that. Are they getting it? very possibly. There might be a lot of coin collectors that dont get to shows. Ebay might have driven the market down. "sell it fast. sell it cheap: the new mantra of ebay bidders?" of course, you're talking abot $5 pieces. The hobby might be biased against them. Maybe collectors prefer the larger coins. Antique pocket watches sell better in the larger sizes. Ladies wrist watches are allegedly a commodity nobody wants. Its the mens watches that sell. But a side-note: In this modern society I dont understand gold as a safe investment. In a political crisis, they bid up gold. you cant eat it you cant drink it. Nobody can break a gold coin into smaller bills for you. They wont break a twenty. what the hell do you do with a gold coin? if terrorism disrupts the supply of energy, or the flow of commerce and banking, then commerce will collapse, and gold will be useless. you better learn to grow food, and make clothes and fish and build a log cabin. Call me a crazy nut, but thats what I believe. where will you make your money? Gold will adjust upwards for inflation. take a 20 year long-term position on some gold, and sell after twenty years of inflation increase its core value. and hope in twenty years, the lights still go on, and the store has fresh produce, and all is well.[/QUOTE]
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