Is DHRC overpriced or did I make a good investment??

sumner1984

3 weeks ago I purchased a 1927 PCGS MS64 saint (blue insert) with good eye appeal. I paid $695 no tax at a local PCGS authorized coin dealer. I notice that DHRC is selling the same year and grade for $990.00 . I dont think this gold rush is going to continue for long. All over the news they are saying how good the american economy is now. If this trend continues, gold prices will start to drop. At any rate, I think the $990.00 price for a common ms64 saint is highly inflated.

clw54

The Price Guide says $990.

cointagious

<< <i>All over the news they are saying how good the american economy is now. If this trend continues, gold prices will start to drop. >>



pax-americana?

nankraut

I see several dealers are now paying $700 for a PCGS 64 $20 (Westwood Coin in CW) for one. Certified gold prices are rising almost daily, and will probably continue to advance as long as spot stays around $410 or higher. Of course this is IMHO.

nankraut

Placid

The coin sellers on T.V. were pushing raw 1908nm saints for $880 last night.
I bought my 27 in 64 for under $400 on eBay a couple years ago.

dpoole

DHRC generally pushes the higher end of the range in their prices. It's no place for price bargains as compared with other dealers. Whether a purchase there is a good investment or not obviously has to do with events beyond DHRC's control.

Wondo

To paraphrase a fellow board member, "Coin collecting is NOT investing!" It is true that we may realize returns highr than our initial purchase price, but these things are luxuries - strike one. Any dealer selling coins better be making a profit, so that's one strike two. The market is WHITE HOT - strike three. I like coins because they are fun, neat, cool, keen, groovy, etc., and.. they often don't drain my wallet in the long run like......gold, women, booze.

dorkkarl

any dealer w/ a 4-letter handle, ie. D-H-R-C, D-L-R-C (david lawrence rare coins), D-A-R-C (dumb-aXX rare coins) is overpriced. well-known rule of thumb.

K S

BAJJERFAN

IMHO DHRC is about the highest priced source for coins that I have seen.

Baley

$700 is a good price for that coin right now. $990 would be very high.

Is DHRC overpriced or did I make a good investment??

yes and yes, if by "investment" you mean did you pay a good price.

if by "investment" you mean "will I make money?" then who the hell knows?

If you mean "is this money well spent on a hobby that I enjoy, for a coin I like to look at?" then probably yes.

jacktheknife

My experience with DHRC is that they are certainly on the very high end of the price range for Lincolns. They also have no interest in "discussing" the price.

I agree with DPoole's point, as well. A coin's investment potential is beyond DHRC's control.

sinin1

DHRC prices high retail - but they always say they only purchase PQ or top for the grade coins (whatever that means)


what I find interesting is when they sell on eBay, occasionally the final value is 25%-50% of what it was listed as on their website



another thing I find interesting is they ship registered, even for $20 coins