This is a slamming deal right?

Discussion in 'Bullion Investing' started by Dimefreak, Jul 30, 2010.

  1. Dimefreak

    Dimefreak Senior Member

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  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Dime, is that your listing?

    NGC Rare Coin and Bullion Reserve ??????????

    Chris
     
  4. Hunt1

    Hunt1 Active Member

    i thought they were for "bullion purposes only" if so wouldnt that be like 2300 or so..
     
  5. Dimefreak

    Dimefreak Senior Member

    Nope I think I am going to buy them though
    Ungraded set are selling for $3700

    If I take a scale anybody know what they would weigh in the slabs?
     
  6. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I wouldn't worry about weight since they're in NGC slabs. Just be sure to check the holders for any evidence of tampering.

    Are you going to the seller's house, or meeting him/her somewhere "neutral"?
     
  7. Dimefreak

    Dimefreak Senior Member

    waiting for him to reply, I will be safe though. I know there are a lot of bad people out there. Prolly bring my friend. But I dont want the coins for myself so I hope there is profit to be made
     
  8. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    The reason I ask is that if you are meeting somewhere other than his home, be sure to take note of his license tag just in case the coins were stolen.

    Chris
     
  9. krispy

    krispy krispy

    Dime: Why don't you weigh one of your own NGC slabs with a coin of known weight in it, then subtract that coin's weight, add the weight of each gold coin times four holders weight. 1 oz (31.103 Grams) plus the weight of a slab, 1/2 oz plus the weight of a slab, 1/4 oz. plus the weight of a slab, 1/10 oz, plus the weight of a slab = ____.

    I agree with Chris, do check the slabs carefully as there are fake NGC slabs said to be out there.
     
  10. Dimefreak

    Dimefreak Senior Member

    thats a good idea, didnt even think they might be stolen. Its a very Nice Neighborhood but anything is possible
     
  11. desertgem

    desertgem Senior Errer Collecktor Supporter

    Let someone know where you are going before you leave. He may be packing with $3000 in gold + your cash.
     
  12. Numismatist47

    Numismatist47 New Member

    Who proofed them, not the Mint. LOL
     
  13. Bedford

    Bedford Lackey For Coin Junkies

    Actually it isn't that great of a deal. Wholesale on the set right now is about $3150. They sell on Ebay for a touch more but you have fees to deal with with would just about cut most of your profit. In addition you are taking a big risk with really not enough payout. I'd say you should not purchase it for a quick flip as the premiums can change pretty fast. But if you want it to have as a longer asset or as part of a collection then your getting a decent break on the set. Just be very careful.
     
  14. Dimefreak

    Dimefreak Senior Member



    yea ok, you find that in your redbook?
     
  15. Dimefreak

    Dimefreak Senior Member

    your right its tough to tell

    I see them in last two weeks go from $3700 to $3200

    still waiting for his reply
     
  16. Be careful if you go through with it. You do not want to end up on NBC's Dateline. :) TC
     
  17. Numismatist47

    Numismatist47 New Member

    Directly from the ad you posted:

    1992 set of American Eagle coins, PR69. Includes $5, $10, $25 & $50 pieces in individual sealed cases and all displayd in a nice wood box. the coins are a set all from the same mint and proofed by N.G.C. Rare Coin and Bullion Reserve.

    NGC does not proof coins. Coins are made on proof planchets.
     
  18. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Supporter

    Coins are struck with proof dies ;)
     
  19. Numismatist47

    Numismatist47 New Member

    Yes. On highly poilished planchets.
     
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