2008 w bullion that no longer hot - keep for the longhaul or sell and reinvest??

Greetings everyone,

I have been debating this over the past few weeks and would like your opinions. The coins in question are my 2008 w UNC $5 & $10 Gold Eagles in original box w/ COA, and my 2008 w UNC $5 & $10 Gold Buffalos - $10 is PCGS MS70 First Strike w/box & COA, $5 is NGC MS70 First Year of Issue.

These coins while limited are not really "hot" anymore and prices seem to be a bit stagnant. If I sell these coins it would give me about $5,000 give or take to reinvest, and with all the great stuff that is out or coming out that I think will also be good investments could yield a bigger return in the long run.

Certainly over time these coins will appreciate in value as all rare coins have, but I don't want to wait 20+ years to see a better return - call me impatient But I also think that the 2011 W 1oz Eagle will be a winner, along with the 5 coin Silver Eagle Set that is coming out etc.. The other option is to sell these and buy some plain jane gold bullion, probably eagles although the new premiums on them are outrageous. But still I could turn 7/10's of an oz. of gold in to 2.5~oz. oh what to do what to do!

Sooo I guess i'll make poll out of it and look forward to reading your responses.
Thanks!
J

 

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I voted to keep them, only because you should have sold them while they were hot.
Selling them now is pointless.

 

This is a response from the perspective of a question about numismatic value being asked in a bullion forum. I'd say the numismatic value of a collector's coin is much tricker to predict than that of the bullion value. Thus you should trade out the numismatic coins for bullion if you can get more of the metal. Otherwise hang on to it.

 

If it were me I would go whichever route yields the most stackage unless one type of coin has better purity, or maybe if one kind is sealed and the other isn't. I like Canadian Maples because they are 9999 pure and sealed, and I tend to avoid numismatic value with gold since it's so expensive anyway.

 

If I were in your shoes, I'd sell it and buy bullion; junk silver dimes. Everything gets thrown in there these days... My finds over the last few weeks include 10 UNC merc dimes, a seated dime, some decent-grade older Mercs, and better-date barbers. And that's just sorting through what the part-time dealer near me has available on hand.

 

Thanks for your responses. I bought most of these coins before prices were stupid high (except the $10 Buff, i'm in deep on that~) and will do pretty well as all together I have about $3500 in the 4 coins. Holding due to the fact that I missed the hot time to sell is somewhat irrelevant since the time machine i've been working on still has a few bugs to work out So the question is rather do I hold them because hopefully in the somewhat near future prices will continue upward? Or go ahead and sell em in hopes of making better use of the money?

Thanks friends.
J

 

Thanks Merc, I do that on occasion and have purchased a few books of dimes mostly for the bullion and pulled a few nice gems from them including a bunch of really toned Mercury dimes a few UNC. Plus picked up 40~ circulated roosies on ebay for about half melt last month My silver stash is running strong right now so I need to focus on the yellow stuff a bit more.

Thanks!
J

 

I wouldn't get out of them unless I had to. Obviously there's no promise of a time frame for increase of value or any way to predict returns in the long run as compared to reinvesting in straight bullion. But consider the fact that bullion prices aren't guaranteed but the low mintage is.

 

My first question is why did you buy them in the first place?


If you bought them for bullion why did you pay extra for Numismatic value? (MS70)
If you bought them for numismatic value then why worry about the bullion value?
If you bought them for investment purposes buy more while the market is soft on them.

 

Thinkin' the same thing.......

 

I would keep them. TC

 

1. Purchased as investments which I am trying to make money on.
2. I didn't buy them for bullion which is why I purchased the West Point UNC coins, I bought MS70's because MS69's are not as desired and aren't worth as much, negating some coins to their bullion value, not in this case but examples such as Silver Eagles. An MS70 Silver Eagle commands double melt give or take as where 69's go for standard premium over melt usually.
3. I bought them as bullion coins with numismatic potential and as investments. I am not worried about the bullion value of these coins in particular of which melt value is only about $1500 so I'm not sure where you are going with this question.
4. I already have the coins so buying more is not a question I was asking, if I had $5,000 laying around to make the other purchases I am considering - I wouldn't consider selling these as I do believe they are good investment coins. If I could buy them all again tomorrow for $3500 knowing they should easily sell for $5000 it would be a no brainer.

 

Good Lord I'm glad I don't invest in collecting. Too many danged headaches........

 

I have a similar but slightly larger mix of 2008W UNC gold which I bought a couple of years ago as a long-term investment. I didn't realize values were soft now but it doesn't matter because I never expected to make short-term profits. My only concern is that the new 2011 W will reduce the uniqueness of the 2008s and hold down values in the long term. I don't see how liquidating 2008s and buying 2011s is a good move.

Therefore, if you initially bought your 2008s as an investment you should hold on th them for the long term.