Tell me if this is a good coin trade

mkman123 · January 28, 2011 7:07AM

Hi all, there is a local person that has a 1908 no motto Saint Gaudens coin that is NGC MS63. He said he would trade it for 10 1/10th oz American Gold Eagles............can anyone tell me if its a good trade?

Thank you!

OPA · January 28, 2011 7:11AM

As far as I'm concerned...both are bullion products. Having said that...I'd pass.

DNADave · January 28, 2011 7:12AM

I'd do that any day of the week.

But it could make a difference when you bought the 1/10 ouncers.

coinguy1 · January 28, 2011 7:22AM

<< I'd do that any day of the week.

But it could make a difference when you bought the 1/10 ouncers. >>

His cost in them should be irrelevant in determining whether it is a good trade or not. He should be concerned with the value and desirability of what he is trading, as compared to the value and desirability of what he would be receiving. Currently the Saint would probably cost in the $1450-$1500 range. What is the current cost of the 1/10 ounce coins?

Edited to add: Make sure the Saint is the real thing.

mkman123 · January 28, 2011 7:25AM

Coinguy, that was one reason I have not done the trade yet...........I don't want to buy a fake Saint in a fake slab. Does anyone know how I can tell a fake from a real?

Would anyone else here do the the trade?

Baley · January 28, 2011 7:27AM

it's always good to ask yourself... why does the other guy want to do the trade?

JamesMurray · January 28, 2011 7:28AM

<< Coinguy, that was one reason I have not done the trade yet...........I don't want to buy a fake Saint in a fake slab. Does anyone know how I can tell a fake from a real?

Would anyone else here do the the trade? >>

I probably would , but only after having the St checked out as i'd have that same concern.

coinguy1 · January 28, 2011 7:32AM

<< Coinguy, that was one reason I have not done the trade yet...........I don't want to buy a fake Saint in a fake slab. Does anyone know how I can tell a fake from a real?

Would anyone else here do the the trade? >>

How did you come into contact with the other person?

OPA · January 28, 2011 7:34AM

<< 

<< I'd do that any day of the week.

But it could make a difference when you bought the 1/10 ouncers. >>

His cost in them should be irrelevant in determining whether it is a good trade or not. He should be concerned with the value and desirability of what he is trading, as compared to the value and desirability of what he would be receiving. Currently the Saint would probably cost in the $1450-$1500 range. What is the current cost of the 1/10 ounce coins?

Edited to add: Make sure the Saint is the real thing. >>

Current cost for 10 .. 2010 ... 1/10th oz AGE is $1550 - $1600 range

mkman123 · January 28, 2011 7:36AM

Well the explanation I have received from the person is that he wants to get rid of the coin and other graded coins he has and just get gold eagles.

Coinguy, this person has a ad on Craigslist. He put a list of graded coins he has like pcgs 2008 buffalo sets and other graded modern bullion in MS70 or pr70 and wants to trade them for gold eagles. The saint is the only old coin he basically has.

coinguy1 · January 28, 2011 7:38AM

<< 

<< 

<< I'd do that any day of the week.

But it could make a difference when you bought the 1/10 ouncers. >>

His cost in them should be irrelevant in determining whether it is a good trade or not. He should be concerned with the value and desirability of what he is trading, as compared to the value and desirability of what he would be receiving. Currently the Saint would probably cost in the $1450-$1500 range. What is the current cost of the 1/10 ounce coins?

Edited to add: Make sure the Saint is the real thing. >>

Current cost for 10 .. 2010 ... 1/10th oz AGE is $1550 - $1600 range >>

Thanks. If that is the case, I wouldn't trade them for the Saint.

JamesMurray · January 28, 2011 7:38AM

Ooops... on the mention of craigslist i'd be keeping my ounce of gold.

LindeDad · January 28, 2011 7:40AM

Keep your Eagles and run if it's Craig list there is just too muck chance your going to end up with stolen goods.

JamesMurray · January 28, 2011 7:41AM

<< Keep your Eagles and run if it's Craig list there is just too muck chance your going to end up with stolen goods. >>

Too many reported incidents like the guy selling a gold ring , the buyer showed up with a firearm.

coinguy1 · January 28, 2011 7:42AM

<< Keep your Eagles and run if it's Craig list there is just too muck chance your going to end up with stolen goods. >>

Based on what OPA said the 1/10 pieces go for, it wouldn't be a good trade, anyway.

mkman123 · January 28, 2011 7:54AM

thanks all! I won't be doing the trade.

Bubblehead · January 28, 2011 8:00AM

<< thanks all! I won't be doing the trade. >>

:

ThumbsUp;

Good decision!

derryb · January 28, 2011 8:04AM

10% more gold in the AGE's. $5 AGEs each have a higher premium than other size AGEs. Saint is a common year at a common grade. Keep the fractional eagles. I might do it for eight of the AGEs.