Double Eagle or keep my fractional gold?

Discussion in 'Bullion Investing' started by Hawkeye00, Sep 25, 2023.

  1. Hawkeye00

    Hawkeye00 New Member

    Hello everyone,

    I just started gold stacking a few months ago. I have a NGC 1885 $10 Eagle MS 62, a PCGS 1907 $5 Half Eagle MS 64, and a PCGS 2011 W 1/10 oz PR69DCAM. I’ve been debating on whether or not I should sell them all and buy a graded Saint or $20 Liberty. The only thing I’m not certain about is the fact that the 1885 Eagle is scarce in mint state. PCGS shows this coin at a 6.1 rarity meaning there’s only about 450 of these coins in MS 60 or higher. Thoughts? Should I keep my fractional pieces or trade up for a Double Eagle?

    Greysheet Prices

    1885 $10 Eagle - $1345

    1907 $5 Half Eagle - $825

    2011 W 1/10 oz - $279
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  3. Collecting Nut

    Collecting Nut Borderline Hoarder

    Best to keep them. If you want a Saint then save your money until you can but one.
  4. Hawkeye00

    Hawkeye00 New Member

    Thank you!
    SensibleSal66 likes this.
  5. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    Keep them and save your change! One Gold coin is in your future......
    Hawkeye00 likes this.
  6. Hawkeye00

    Hawkeye00 New Member

    Thank you!
    SensibleSal66 likes this.
  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    it all depends on what your goals are and your collecting budget is, i have saints
    and bullion coins as well a good mix is
    important if the coin that you want is pretty rare i would sale what you have
    and make the purchase bullion can be
    picked up anytime the coin you speak
    of can’t, don’t miss that opportunity, it may not come again !
  8. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Well…. Here’s the deal. As you have discovered, gold is more addictive than class 1 narcotics. There will be more in your future. Ask me how I know! Double eagle prices are reasonably stable so just save your money. It will feel that much better when you do secure it. And one other thought….. There may come a time in a month or a year when you need $300.00. That is the perfect time to liquidate your 1/10th ounce and you still have gold to hold. Point being if you trade your smaller denominations for one large, it limits your ability to liquidate when the need arises….. Enjoy the ride and don’t be afraid to check unusual outlets. I have bought gold from jewelers, jewelry repair folks… I have even bought gold from my office copier repairman!
  9. masterswimmer

    masterswimmer A Caretaker, can't take it with me

    Another component you should consider when buying and selling gold/silver is premiums. When you buy fractional gold the premiums are higher than when you buy it by the ounce. The same holds true when you sell.

    Taking this into consideration you paid a premium when you bought your fractional gold. You'll sell it at a % of spot when you unload it. Then you'll pay another premium when you buy the ounce coin. All that premium paid will inflate your average cost in the long run.

    As @Randy Abercrombie said, you'll have more varied liquidity by keeping the fractionals in addition to whatever ounces you add to your stack.
  10. fretboard

    fretboard Defender of Old Coinage!

    I agree, keep what you have and save to buy what you want, you'll feel better that way! thumbsup.gif
    Collecting Nut likes this.
  11. Collecting Nut

    Collecting Nut Borderline Hoarder

    There are many reason for doing so. One of them is the cost to buy. You don’t make it up when you sell in most cases. Given the price of gold you may only need to sell a quarter or half ounce to meet your needs so why be forced to sell a full ounce?
  12. FarmerBill

    FarmerBill Member

    Selling is counterproductive to stacking. Buy more.
    rte likes this.
  13. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    How about an update ?
    fretboard likes this.
  14. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    Speaking of premiums, if gold should rise and premiums expand, you could be looking at a $4,000 ATH price on MS-65 common Saints with a $3,000 gold price. :wideyed:

    Of course, ALL gold coins would be dragged up by a rising gold price and/or expanding premiums.

    Have a thread on this ATS, might recreate it here. :D
    masterswimmer likes this.
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