How much would this gold sell for?

Discussion in 'Bullion Investing' started by Gam3rBlake, Nov 9, 2020.

  1. medoraman

    medoraman Supporter! Supporter

    Lol, its a tiny amount of copper. I do not think the US has ever made electrum coinage.
     
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  3. Heavymetal

    Heavymetal Supporter! Supporter

    If the spreads get too high for physical, buy the ETFs
    GLD and SLV
    I’ve made enough on them to feed my physical habit
    And if you’re forced to sell at a loss, write it off
    But I never have taken an ETF loss
     
    Last edited: Nov 9, 2020
  4. Collecting Nut

    Collecting Nut Borderline Hoarder

    Not at all. Dealers pay a little under spot and sell a little over spot. If you plan on selling be sure to check around in order to get the best price.
     
  5. Gam3rBlake

    Gam3rBlake Active Member


    Ahh okay thanks!

    I don’t plan on selling anytime soon. My 2x AGEs are more like a hedge for my stock investments since precious metals & stocks tend to go opposite directions.

    However if someone offered a nice Ancient Roman/Greek or 9th-14th century Medieval gold coin I would probably consider trading both 1oz Gold Eagles.

    But yeah I don’t plan on selling in case it’s to keep food in my mouth due to really bad times.

    I was just curious for financial reasons how much I could get for an AGE if I needed cash for something instantly so I know how much on hand liquid assets I hold. If that makes sense?
     
  6. Gam3rBlake

    Gam3rBlake Active Member

    The problem is that ETFs don’t allow you to hold actual physical gold/silver.

    If it was about profit making..well heck I make far more from regular tech stocks like Nvidia, Apple and Microsoft due to growth and dividends than I ever would from investing in a PM ETF.

    I just like to keep 10% of my portfolio as on hand precious metals that I can grab quickly and take with me in the event of a huge emergency such as a solar flare like the one in the 19th century that would’ve destroyed all our computers (and thus banking system) if it had happened today.

    The way I see it 1 oz of gold might be enough to bribe someone to get me somewhere safe. It’s a store of wealth more than it is an investment. Heck if it was an investment it would be a bad one to buy gold at all time highs for the last 5 years.
     
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  7. Heavymetal

    Heavymetal Supporter! Supporter

    I have a huge physical hoard
    I get the hands on aspect of shiny coins
    Usually I haunt the errors forum, just for fun
    But being a retired Property/Casualty Insurance Agent/Broker, physical is just a ‘hedge against politicians’,as it has been for ages
    I buy on the way down. Sell on the way up, when demand exceeds supply
    As Warren Buffet said ‘be fearful when others are greedy, be greedy when others fearful’
     
  8. Kentucky

    Kentucky Supporter! Supporter

    Just out of curiosity, what other government sponsored "slugs" bring a premium? I think the Krugerrands might.
     
  9. slackaction1

    slackaction1 Supporter! Supporter

    INVESTMENT..... You got to watch how you use that word around PM's... made that boo boo b-4.. not good around these parts...... PATIENTLY WAITING....
     
  10. medoraman

    medoraman Supporter! Supporter

    Most government issued PM with a denomination, (therefore a coin legally), bring premiums. One, you can look up specs to verify it much easier than rounds or bars. Second, most people simply want coins, not chunks of pm. Pandas have always brought higher premiums than ASE at least since the mid 90's that I remember. They are cute.
     
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  11. fretboard

    fretboard Defender of Old Coinage!

    Truly, you never want to sell to a coin shop unless you absolutely have to. That said, I've gotten good deals trading at coin shows, but not selling. If you want to get top dollar off it, sell it on feebay! :D
     
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  12. Gam3rBlake

    Gam3rBlake Active Member


    I believe Buffet was referring to stocks not precious metals.
     
  13. hotwheelsearl

    hotwheelsearl Well-Known Member

    That’s a tough call. Precious metals main thing is that no matter what, barring a demonetization, they’re worth face value. Your AGE will never be worth less than $50 even if gold drops to $1/oz.

    the problem is, as you’ve seen, the costs associated with buying and selling gold (to a lesser extent silver) renders potential profits rather minimal unless you can time the market (which you can’t) or wait 50 Years (which you shouldn’t)
     
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  14. Gam3rBlake

    Gam3rBlake Active Member

    I was thinking of it more as a transportable store of wealth.

    For example I remember reading that in Nazi Germany some Jews got away by paying in Gold for transportation to somewhere else and doing so potentially saved their lives.

    Basically for me the ideal situation would be to never have to use my gold but always knowing it’s there. Kind of like insurance.

    If something happens in the future and I need to get something but US Dollars aren’t wanted then gold is a way to get it.

    I bet lots of people would be happy to accept a handful of gold Eagles even if the US dollar is worthless due to hyperinflation or something.
     
  15. Heavymetal

    Heavymetal Supporter! Supporter

    Yes, but precious metals don’t go to zero
    Some stocks will. And banks. And insurance companies.And car companies, etc
    Just so you know, I agree with most of your posts
     
  16. Brian Calvert

    Brian Calvert Active Member

    For you and others. Be careful buying outside of known sellers. Looking at that piece, i am sure it is real, but also sure I could take it to china, or other country's with less over sight, like America, and copy it really well.
    Putting a gold overlay over partial lead, copper, etc. and get the weight within .05 oz. With the packaging a complaint could be argued in weight.

    Of course, i hope it is not happening too much, but positive it is and will grow as GOLD goes up in value, 3k 4k, and higher per oz. as the dollar collapses and we go thru the RESET.
     
  17. Gam3rBlake

    Gam3rBlake Active Member


    Well these ones I know for a fact are real because I bought them directly from APMEX.com and they are such a huge company I can’t possibly imagine them selling fake or debased coins/bars/rounds.

    They also charge a hefty premium whereas counterfeiters usually succeed by charging unrealistically low prices.

    Everyone I’ve talked to say APMEX is about as legit as you can get since they are one of the 11 or so official distributor partners with the US Mint. 5E79D184-3791-4955-A1BC-04A360874033.jpeg
     
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