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American Gold Eagle 4 coin proof sets

edmundfitzgeraldedmundfitzgerald Posts: 4,306 ✭✭
in Precious Metals
1. Can these gold coins be taken out of their containers, or are they stuck in those plastic containers ?

2. The ones I'm looking at from 1988 usually sell around 3,100.00 for 1.85 oz of gold. Is that worth it for the price, or
should I just try to find graded 1oz gold eagles from that year ? So confused.

Comments

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    They come out of the plastic capsules. If you want just a one ounce you should be able to find a single proof coin.
    Avid collector of GSA's.
  • derrybderryb Posts: 36,795 ✭✭✭✭✭
    Don't spend money on gold eagles while you are confused.

    Proof gold eagles sold by the mint individually and in four coin sets (except 1986 when they only made the 1 oz. and 1987 when they only made the 1 oz and 1/2 oz.) Coins in removeable plastic capsules that can be opened (DON'T).

    Four coin raw gold eagle sets currently bringing $3100 plus (Expensive if you are just buying the gold).

    Study up on gold eagle series from this link:

    All the skinny on gold eagles

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • edmundfitzgeraldedmundfitzgerald Posts: 4,306 ✭✭
    Thanks for the input. I'm not looking to buy now. I'm actually waiting for a pullback in gold. I hope to see 1,000 oz by
    next summer, or 2012. If not, I'll just keep what little I have. Thanks.
  • pmcollectourpmcollectour Posts: 1,211 ✭


    << <i> I'm not looking to buy now. I'm actually waiting for a pullback in gold. . >>



    Me too. I think I'm in this waiting game for the long haul too. image
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    $1,270 a ounce for AGE's is best price I found this weekend. Fractions were much more!!!
    Avid collector of GSA's.
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    You can remove them. But as I understand it, proof gold eagles sell for a huge premium right now because they are one of the only (may be THE only) gold coin allowed in IRAs. That's why there are constantly buy threads for them in the BST.

    I'm sure I'll be corrected if I'm wrong.

    The idea of putting a gold coin in an IRA (where they have to be held by a 3rd party anyway) is wrong, to me at least, on just about every level imaginable.

    Much better to buy unc eagles if you're just looking for gold.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
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