Discussion in 'Bullion Investing' started by John baker, Sep 6, 2019.
Log in or Sign up to hide this ad.
That's a nice gold bar, I'd hold out for .999 silver bars or rounds closer to the ratio.
To me, what is the difference between trading your bullion for the Morgans and writing a check? So the real question would be do you wish to purchase 70 Morgans for your collection, and if so do you want THOSE 70 Morgans? How you pay for it is kind of irrelevant. You could turn around and buy another ounce of gold if you felt like it after the trade.
Would you rather sell an item after its price has gone up, or after its price has gone down? Because that's the only thing you can know about the price.
You can expect that something going up in price will continue to go up. And it will, until it goes down.
Sell high is the goal.
Mmmmaybe. But it's also possible that they were sold there by people who don't care about numismatics, to people who don't care about numismatics, and are therefore "unsearched".
My local pawnshop is always putting out worn or damaged Morgans at a fixed price, the same whether they're VF or AG, 1921 or earlier. I picked up an 1895-O for a bit over $20, and flipped it for eight or nine times that.
A "melt shop" might actually be better for cherry-picking. If they just chuck the coins into a bin, they're less likely to be picked over by other customers before you look at them.
But if you aren't willing to take the time to pick through and spot better dates (or, if you can stand it, VAMs), I'd say it's not a good trade. An ounce of gold is worth a good bit more than 70 common Morgans.
other guy. More info on the Morgans is needed, of course, but I would always hesitate to trade gold bullion (a "real" investment) for numismatic coins (not a "real" investment).
My point is that it's still going up and expected to do so.
Yes so wait for it to go up more. It's seen a nice increase and it will probably drop s bit before going higher. Playing this type of market is not for the faint at heart.
You guys sound like it's reached it high so sell all and wait for the price to drop to buy back. This is the time to hold or am I missing something?
I'd be looking for not more than $16 per Morgan on a swap like this.
Or I'd get the cash for the gold and use it to buy an actual scarce or rare collector coin.
If I knew that, I'd be furiously typing on a broker's site, not here.
I will get to basically buy anything I want in the shop. The coins are actually in decent grade and has other stuff too. It’s gold it’s not like I can’t buy more! Plenty of it is out there all day long. Hell I have 5 ounce of scrap gold already in my son chest and will keep adding to it. His coin collection is huge already and some high end rare coins are in it to. I didn’t know this question would rattle up people. Actually I bet some people commenting about it don’t even have a ounce let alone a ounce that they really don’t care about and willing to trade for coins
Also if I only find 20 good Morgan’s I’ll use the rest of the credit to get other Stuff. I’m not hurting for money l. I look at this bar as a gift Certificate I can use at any coin shop lol
So you think only people who happen to own something can have knowledge about it? Hmm. Makes me feel bad for all the astronomers out there.
Talking about what one should do with something is more inclined to to listen to people who own said item or have experience with it. I don’t talk about coins that I never owned or probably not own. I let people who have the person experience and knowledge talk about it. Just my opinion
You have 2 kinds of gold people
1. The guy who sold a ton of his crap to buy a bar and prays that it rockets high so he can cash out
2. The guy who buys gold because he can just to say hey look at my fun bars!!! Meaning they can sell them/ trade them and the next day buy another and not give a crap.
Separate names with a comma.