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Making Money on Generic pre-1933 gold
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<p>[QUOTE="rhoggman, post: 390617, member: 13987"]Just wanted to give an update.....</p><p><br /></p><p>I have in my possession a 1907 D $5 Half Eagle that I recently purchased on E-Bay. </p><p><br /></p><p>Granted gold has had it's biggest day in 20 years; however I purchased this coin for $223 which now is about $3 north of spot price on the coin.</p><p><br /></p><p>I estimate the grade to be AU-55 as there are small traces of wear, but definitely not enough, and not in the right places to bring it down to EF.</p><p><br /></p><p>Redbook is $300</p><p>PCGS 310</p><p>Greysheet 230/235 (WHOLESALE for raw coins)</p><p><br /></p><p>Like you said I would not call it "making money" in the sense that it could be considered income, but it will surely come out in my favor when I use it for trade, or cash it into my coin account. </p><p><br /></p><p>Every little bit helps and I can accumulate more coins by doing this little by little. I think this represents a good deal and "technically" it was a profitable transaction, although I would not consider this a windfall profit by any means.... And thank God, because if it were Pelosi would be all over this forum.[/QUOTE]</p><p><br /></p>
[QUOTE="rhoggman, post: 390617, member: 13987"]Just wanted to give an update..... I have in my possession a 1907 D $5 Half Eagle that I recently purchased on E-Bay. Granted gold has had it's biggest day in 20 years; however I purchased this coin for $223 which now is about $3 north of spot price on the coin. I estimate the grade to be AU-55 as there are small traces of wear, but definitely not enough, and not in the right places to bring it down to EF. Redbook is $300 PCGS 310 Greysheet 230/235 (WHOLESALE for raw coins) Like you said I would not call it "making money" in the sense that it could be considered income, but it will surely come out in my favor when I use it for trade, or cash it into my coin account. Every little bit helps and I can accumulate more coins by doing this little by little. I think this represents a good deal and "technically" it was a profitable transaction, although I would not consider this a windfall profit by any means.... And thank God, because if it were Pelosi would be all over this forum.[/QUOTE]
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