Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
May be a bad idea, so I'm asking
>
Reply to Thread
Message:
<p>[QUOTE="Paddy54, post: 2499165, member: 19250"]My advice is based on experience of both buying and selling coins in general. Also knowing so many dealers. It matters not to them if they have a store front and over head due to rent ,or they only have the rent of a table at a coin show.</p><p>For example the 2008 Buffalo gold set 4 coins one in burnished one in Proof. Only issued 1 year. Issue price was around 1300-1400. Depending on Burnished or proof.</p><p>Red book value today for the burnished set $6500. Proof $7000.</p><p>Understanding that red book is just a guide not real money.</p><p>Thro $5 coin in either type below 19,000 minted the $10 coin below 10 and 13.5K ,the $25 coin below 17 and 12.2 K minted,</p><p>The $50 18.8 k proof and just over 9 K in burnished .</p><p>Fairly low mintage's , never to be minted again.</p><p>Look on e bay there are plenty for sale all priced close to the red book values unless graded and none sell!</p><p><br /></p><p>Another example the 2008 reverse of 07 ASE mule. Graded in 69 or 68 they sell, try and sell one graded in 70.</p><p>Dealers say no thanks no one will pay for a,70 when they can buy a 69 for hundreds less.</p><p><br /></p><p>If it's something you have to have , and money is no object go a head buy what you like.....however since we don't live forever at some point someone is going to have to deal with a coin or bullion piece that on paper looks great when in the real world it's not.</p><p>True we don't buy coins for investment , well you shouldn't , we buy them because we like them. Just keep in mind if forced to liquidate what is on paper and what is market are two different things.</p><p>Realize that if not you dealing with this,it may be your spouse or kids. I myself wish I had sold my 4 coin buffalo set and never kept it. I had also purchased the proof one and returned it to the mint as didn't realize that this was a one time shot. Had I known I would of sold after market.</p><p>Again not my call it's yours just put everything on the scale and weigh out the pros and cons before you pull the trigger. As I'm sure there are other numismatic items that could interest you and may be a better buy in the long run,just in case you need to sell.[/QUOTE]</p><p><br /></p>
[QUOTE="Paddy54, post: 2499165, member: 19250"]My advice is based on experience of both buying and selling coins in general. Also knowing so many dealers. It matters not to them if they have a store front and over head due to rent ,or they only have the rent of a table at a coin show. For example the 2008 Buffalo gold set 4 coins one in burnished one in Proof. Only issued 1 year. Issue price was around 1300-1400. Depending on Burnished or proof. Red book value today for the burnished set $6500. Proof $7000. Understanding that red book is just a guide not real money. Thro $5 coin in either type below 19,000 minted the $10 coin below 10 and 13.5K ,the $25 coin below 17 and 12.2 K minted, The $50 18.8 k proof and just over 9 K in burnished . Fairly low mintage's , never to be minted again. Look on e bay there are plenty for sale all priced close to the red book values unless graded and none sell! Another example the 2008 reverse of 07 ASE mule. Graded in 69 or 68 they sell, try and sell one graded in 70. Dealers say no thanks no one will pay for a,70 when they can buy a 69 for hundreds less. If it's something you have to have , and money is no object go a head buy what you like.....however since we don't live forever at some point someone is going to have to deal with a coin or bullion piece that on paper looks great when in the real world it's not. True we don't buy coins for investment , well you shouldn't , we buy them because we like them. Just keep in mind if forced to liquidate what is on paper and what is market are two different things. Realize that if not you dealing with this,it may be your spouse or kids. I myself wish I had sold my 4 coin buffalo set and never kept it. I had also purchased the proof one and returned it to the mint as didn't realize that this was a one time shot. Had I known I would of sold after market. Again not my call it's yours just put everything on the scale and weigh out the pros and cons before you pull the trigger. As I'm sure there are other numismatic items that could interest you and may be a better buy in the long run,just in case you need to sell.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
May be a bad idea, so I'm asking
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...