Reply to Thread

Message:: [QUOTE="krispy, post: 974959, member: 19065"]Tater: I think I would definitely buy it if you have the opportunity! I know that your coin is an UNC AGB and you might do a little better if you have time to wait for a buyer who might pay even more, but consider this article from Coin Values that just came out: <a href="http://www.coinvaluesonline.com/content.asp?content=story&news_id=926&visitor=%7B7E5372C8-3F32-4BEB-B5CD-773525E202F3%7D" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinvaluesonline.com/content.asp?content=story&news_id=926&visitor=%7B7E5372C8-3F32-4BEB-B5CD-773525E202F3%7D" rel="nofollow">Proof bullion prices fall</a>. While the article is about AGE coins and primarily Proofs, the hyper inflated 2008 fractional AGB coins may also suffer somewhat. Perhaps not from the same reasoning as AGE proofs potentially becoming available again soon, but rather due to the AGB collector demand leveling off as those who wanted them have them and those who cannot obtain them do without. I would say that even if you bought the coin, not just to flip, but to hold for a while, not to underestimate that the value of the 08 AGB fractional coins will be retained, however don't feel rushed to flip this by accepting too low of an offer, should you have a buyer now. Those in possession of these coins should be in a position to ask a firm price but realise they have a small collector base to deal with as well and not let a solid selling opportunity float away especially if you feel prices may pull back and you have a buyer on your hands-- or simply have something better to spend the money you'd make on other things. I think it's a win-win for you to pick up the coin at that price and to flip it for that much profit just like it is a wisely invested $150 if you hold it as the coins will likely retain much greater numismatic value than bullion value alone.[/QUOTE]

Log in or Sign up

Reply to Thread

Useful Searches