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<p>[QUOTE="tcore, post: 130534, member: 2949"]bandito, it is true. I can't believe what the gold and silver prices are. Heck, I bought a 2005 1/4 oz gold eagle for $150 just a couple months ago when gold was at $562 and ounce. </p><p> </p><p>In my opinion, $315 is not near enough to offer somebody for a $10 Lib and $5 Indian gold coin. I don't know what is a good price as I don't have the coins to look at in front of me. A lot would depend on the condition of the coins, but even just on bullion value, you're shorting people with prices where they are. Heck a $10 Lib with prices at $720 has a fair share over $300 worth of gold in it...closer to $350. Of course, you can <i>offer</i> to buy something from somebody for any price that you care to. </p><p> </p><p>I know the coin dealer I go to was offering to buy gold for 65% of melt the other day... I think he doesn't want to get screwed in case the price drops out. People were still selling it to him too.</p><p> </p><p>I would suggest what others have suggested and check out completed auction prices for coins. However, if all you're doing it trying to buy non-numismatically interesting gold just to have gold, get a Redbook and when somebody has something to sell you, you could look at how much gold there is in it and decide what percent of spot you're willing to pay and offer that. Now, I would only do that for very common coins and not for anything that should sell at a real premium if in nice condition or for any non-common coins. You still want to be able to sleep at night, even if people don't know what they have. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="tcore, post: 130534, member: 2949"]bandito, it is true. I can't believe what the gold and silver prices are. Heck, I bought a 2005 1/4 oz gold eagle for $150 just a couple months ago when gold was at $562 and ounce. In my opinion, $315 is not near enough to offer somebody for a $10 Lib and $5 Indian gold coin. I don't know what is a good price as I don't have the coins to look at in front of me. A lot would depend on the condition of the coins, but even just on bullion value, you're shorting people with prices where they are. Heck a $10 Lib with prices at $720 has a fair share over $300 worth of gold in it...closer to $350. Of course, you can [I]offer[/I] to buy something from somebody for any price that you care to. I know the coin dealer I go to was offering to buy gold for 65% of melt the other day... I think he doesn't want to get screwed in case the price drops out. People were still selling it to him too. I would suggest what others have suggested and check out completed auction prices for coins. However, if all you're doing it trying to buy non-numismatically interesting gold just to have gold, get a Redbook and when somebody has something to sell you, you could look at how much gold there is in it and decide what percent of spot you're willing to pay and offer that. Now, I would only do that for very common coins and not for anything that should sell at a real premium if in nice condition or for any non-common coins. You still want to be able to sleep at night, even if people don't know what they have. ;)[/QUOTE]
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