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Just picked up my first old gold. Any opinions on grade/value?
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<p>[QUOTE="flintcreek6412, post: 1885322, member: 61025"]I'm going to have to disagree with your above GDJMSP. A coin is worth what someone is willig to pay for it if that price is repeatable. Really no different than stocks, land and other items.</p><p> </p><p>I may not think Google is worth much as a stock because it just doesn't seem tangible to me, yet others pay big money for it. Some people place a very high value on my land that is wooded with a creek while others see it as worthless because you can't farm it or run stock on it. Coins are exactly the same way. </p><p> </p><p>I might say there is no way a 1794 large cent is worth $10,000 because it's only got 8 cents in copper in it, yet plenty of others see great worth in it.</p><p> </p><p>My wife is brainwashed into thinking a Coach purse has value. I wouldn't give you $10 for it, but thousands of women will give her $200 all day if she'd sell it. Please Dear, sell just 1 or 2 or even 4 of them. You'll still have plenty and I could buy more coins then....LOL.</p><p> </p><p>As far as slabbed coins, they do seem the carry a slightly better premium. Maybe not for you as you can grade and determine what is a details coins. Those that can't grade well see great value in buying a problem free grade and pay for the premium which isn't much, but it exists. It exists more in a form of being easier to sell. Give me 2 identical coins at the same price, one slabbed, one not. I'll buy the slabbed. The process of me choosing one over the other gives it value, even if not in $$. It's like buying the same house with one painted purple and one tan. The tan will appeal to more of a market thus it's a better house to buy in the long run.[/QUOTE]</p><p><br /></p>
[QUOTE="flintcreek6412, post: 1885322, member: 61025"]I'm going to have to disagree with your above GDJMSP. A coin is worth what someone is willig to pay for it if that price is repeatable. Really no different than stocks, land and other items. I may not think Google is worth much as a stock because it just doesn't seem tangible to me, yet others pay big money for it. Some people place a very high value on my land that is wooded with a creek while others see it as worthless because you can't farm it or run stock on it. Coins are exactly the same way. I might say there is no way a 1794 large cent is worth $10,000 because it's only got 8 cents in copper in it, yet plenty of others see great worth in it. My wife is brainwashed into thinking a Coach purse has value. I wouldn't give you $10 for it, but thousands of women will give her $200 all day if she'd sell it. Please Dear, sell just 1 or 2 or even 4 of them. You'll still have plenty and I could buy more coins then....LOL. As far as slabbed coins, they do seem the carry a slightly better premium. Maybe not for you as you can grade and determine what is a details coins. Those that can't grade well see great value in buying a problem free grade and pay for the premium which isn't much, but it exists. It exists more in a form of being easier to sell. Give me 2 identical coins at the same price, one slabbed, one not. I'll buy the slabbed. The process of me choosing one over the other gives it value, even if not in $$. It's like buying the same house with one painted purple and one tan. The tan will appeal to more of a market thus it's a better house to buy in the long run.[/QUOTE]
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Just picked up my first old gold. Any opinions on grade/value?
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