Can't Be Real

GiveMeProof

Just saw an ad on the FBN about a 2022 $50 gold eagle from the Westminster mint graded by NGC MS 70 for $1899. Seems impossible but I will Check it out.

justmenutty72

Westminster mint?

GiveMeProof

It's actually Global Mint. www.globalmint1.com. Spoke to a guy named Kyle and it's for real. Did a BBB check and they had a 4.75/5 approval rating. This would be my very first gold purchase. Should I pull the trigger? Free shipping and handling. I know it's NGC but the PCGS price guide has it at $2600.

JBK

Gold is at $1824 so that's a decent deal.

Personally I'd be happy to have it slabbed for authenticity but to me it's a bullion coin so the actual grade is not that significant. Plus, I don't think you can use the PCGS price guide for NGC coins.

Just make sure there are no strings attached.

MFeld

Edited, as I misread the original post: When buying coins, don't go just by price guides - that can get you in big trouble.

GiveMeProof

@JBK You were correct about not comparing the PCGS price guide to NGC. NGC has it $300 less. Like I said being new to gold $75 over spot even ungraded seemed pretty good to me. Can I do better? If you had <$2000 to spend on gold what would you buy? Thanks guys.

Treashunt

Okay, they say $50, but a private mint.

How much gold is there in there?

purity?

lilolme

@GiveMeProof said:
@JBK You were correct about not comparing the PCGS price guide to NGC. NGC has it $300 less. Like I said being new to gold $75 over spot even ungraded seemed pretty good to me. Can I do better? If you had <$2000 to spend on gold what would you buy? Thanks guys.

Depends somewhat on what you are wanting out of it. If just looking for a gold bullion type purchase to have some gold, then pick one with the smallest/smaller buy / sell spread. I am not one of those so others can say what that might be but I think maybe gold bars, gold buffalos, maple leafs...??

pocketpiececommems

@JBK said:
Gold is at $1824 so that's a decent deal.

Personally I'd be happy to have it slabbed for authenticity but to me it's a bullion coin so the actual grade is not that significant. Plus, I don't think you can use the PCGS price guide for NGC coins.

Just make sure there are no strings attached.

Agreed. You couldn’t get it graded for the difference in spot and asking price. Plus wait 3 months to find out what you have. Pay. with PayPal It’t bullion

Treashunt

Okay, I concede.

It is a US mint piece.

Link:

https://www.globalcoin1.com/golden-eagle-coin-offer?gclid=CjwKCAjwwdWVBhA4EiwAjcYJEFUSjn48uB2sOMxte3AgPozNlJEMFiZ1vvcXnNakHt0sEUmliNdy-BoCMSoQAvD_BwE

With current gold: Gold $1824.16/oz 0.92

That is a good deal

GiveMeProof

Thank you for all your comments. I checked like 5 other bullion sites and, paying with a CC, were anywhere from $25-$100 dollars more ungraded. I understand that there is no numismatic value here, so I may search around a little for something that does. I always liked the incuse Indians.

jmlanzaf

@GiveMeProof said:
Thank you for all your comments. I checked like 5 other bullion sites and, paying with a CC, were anywhere from $25-$100 dollars more ungraded. I understand that there is no numismatic value here, so I may search around a little for something that does. I always liked the incuse Indians.

They give you a better price because they want your contact information.

GiveMeProof

@jmlanzaf said:

@GiveMeProof said:
Thank you for all your comments. I checked like 5 other bullion sites and, paying with a CC, were anywhere from $25-$100 dollars more ungraded. I understand that there is no numismatic value here, so I may search around a little for something that does. I always liked the incuse Indians.

They give you a better price because they want your contact information.

Heard that.