Message:

<p>[QUOTE=&quot;LETSBUYCOINS, post: 184304, member: 2657&quot;]This year Im looking at gold pieces.&nbsp;&nbsp; I just bought my first gold piece.&nbsp; I bought the 1894 $10 gold piece.&nbsp; On ebay:&nbsp; its in a PCGS slab with an MS61 grade.&nbsp; &nbsp; Primarily, I was looking for a slabbed piece.&nbsp;&nbsp; Anyways, before I bought it, I looked at the <a href="http://www.cointalk.org/showthread.php?t=30025" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.cointalk.org/showthread.php?t=30025" rel="nofollow">PCGS price guide</a>, so the price I paid was reasonable.&nbsp; I didnt overpay for the coin.&nbsp; But when I bought the coin, I didnt pay attention to the mintage quantity.&nbsp; I see a lot of gold pieces had low mintage quantitties, from 30,000 to 300,000.&nbsp; My 1894 $10 piece is over 2,000,000 mintage quantity.,&nbsp; &nbsp; yet what I dont undertsand, is a lot of the gold pieces with low mintage quantities are relatively cheap in price from the very fine grade up to the MS 62 grade.,&nbsp; &nbsp; &nbsp; The $2,50 gold pieces have a lot of low mintage quantities, but a lot of them start at $300 in the low grades.&nbsp;&nbsp; Is my 1894 a bad investment?&nbsp; are the low mintage coins Under-priced?&nbsp;&nbsp; is the coin market going to see some big increases?&nbsp;&nbsp; and lets talk gold quantity?&nbsp; The $10 gold piece is a half-ounce coin.&nbsp; at 90% gold content, its fractionally under a half-ounce of gold.&nbsp; So gold content on my 1894 is $275.&nbsp; I paid $385PCGS lists my coin at $435 and going down.&nbsp; Coinworld magazine January 2007 edition lists the coin at $500.&nbsp; &nbsp; Where is the hobby at right now?&nbsp; Are the more common gold pieces going to hold their numismatic value? or&nbsp; are the coin dealers heavily looking at the gold spot-price in buying and selling these coins?&nbsp; &nbsp; &nbsp; [misc rambling: ....I posted on this site in 2005.&nbsp; In 2005 I was experimenting with Morgans.&nbsp; In 2006 I stayed away from coins.&nbsp; &nbsp; I love ebay, but Im not buying any more coins on ebay that are not in PCGS or NGC slabs.&nbsp; I was buying 1880-o morgans.&nbsp; Thats a great semi-rare date to collect.&nbsp;&nbsp; I lost a little money on some of my coins, but the 1880-o I was getting some serious pocket money on that date when I dumped my morgans at the local&nbsp;&nbsp; shows&nbsp; in mid 2005.][/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in