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Prices for 1877 IHC's seem to have taken a dive lately.......
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<p>[QUOTE="GoldFinger1969, post: 3752620, member: 73489"]Great posts from Randy, Trogdor, and a few others in this thread. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie33" alt=":cigar:" unselectable="on" unselectable="on" /></p><p><br /></p><p>As a CFA and CFP with 30+ years of experience in the financial markets, I reiterate: <b><u>assume ANY coins you buy will go to the face value of the bill or coin...OR...the underlying metal value. It's not likely but this way you will NOT be disappointed.</u></b></p><p><b><u><br /></u></b></p><p>Any Morgan you buy can fall to the value of the silver in the coin and the same with Saints, which at least have gold backing their value.</p><p><br /></p><p><b><span style="color: #00b300">Another point on Saints: </span></b> you can buy common years in MS65 for about 20% over spot bullion gold price, which isn't bad. Gold can go up or down but at least you're not paying a rich premium to the underlying metal value.</p><p><br /></p><p>In fact, the premium is down from 500-700% in 1989 when MS65 Saints cost about $2,500-3,000 when gold was about $400 an ounce. The SS Central America coins were an even worse investment a few years later.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 3752620, member: 73489"]Great posts from Randy, Trogdor, and a few others in this thread. :cigar: As a CFA and CFP with 30+ years of experience in the financial markets, I reiterate: [B][U]assume ANY coins you buy will go to the face value of the bill or coin...OR...the underlying metal value. It's not likely but this way you will NOT be disappointed. [/U][/B] Any Morgan you buy can fall to the value of the silver in the coin and the same with Saints, which at least have gold backing their value. [B][COLOR=#00b300]Another point on Saints: [/COLOR][/B] you can buy common years in MS65 for about 20% over spot bullion gold price, which isn't bad. Gold can go up or down but at least you're not paying a rich premium to the underlying metal value. In fact, the premium is down from 500-700% in 1989 when MS65 Saints cost about $2,500-3,000 when gold was about $400 an ounce. The SS Central America coins were an even worse investment a few years later.:eek:[/QUOTE]
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Prices for 1877 IHC's seem to have taken a dive lately.......
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