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Would it be a bad time to buy a St Gaudens $20?
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<p>[QUOTE="GoldFinger1969, post: 7914976, member: 73489"]Well, there are times when buying a Saint would have been better financially to WAIT. Ironically, when it's usually not a good time to buy a Saint or other numismatic coin, it's usually a good or better time to buy bullion.</p><p><br /></p><p>From a pure financial perspective -- and believe me, I know that coins are generally LOUSY investments save the experience of pre-1974 purchases -- you improve the return or cut the loss if you time it right.</p><p><br /></p><p><u>I note that the return on the 1933 Saint that was recently sold was 5% a year, matching the same return on an immaculate, David Akers favorite 1908-S MS67 CAC that recently sold for about $180,000 but only returned 5% a year since it was last sold.</u>[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 7914976, member: 73489"]Well, there are times when buying a Saint would have been better financially to WAIT. Ironically, when it's usually not a good time to buy a Saint or other numismatic coin, it's usually a good or better time to buy bullion. From a pure financial perspective -- and believe me, I know that coins are generally LOUSY investments save the experience of pre-1974 purchases -- you improve the return or cut the loss if you time it right. [U]I note that the return on the 1933 Saint that was recently sold was 5% a year, matching the same return on an immaculate, David Akers favorite 1908-S MS67 CAC that recently sold for about $180,000 but only returned 5% a year since it was last sold.[/U][/QUOTE]
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