Is this a good price? for a Bullion American Eagle?

RobertS

A friend is selling some bullion one ounce eagles I think from 1988. He is looking for 1350 a piece, not sure if there is any money to be made for me after that since I have never dealt with bullion coins. Please tell me your opinion.



Thanks

pf70collector

Melt alone is at around $1400.

16DMERC

That's a good deal. Typically you can sell it fair, at about a 2-5% markup above spot. A lot of dealers are charging more than that, but I think 50 (roughly 4%) above spot is fair. Gold is currently at 1420, so selling it at 1470, is a good profit if you got it for that price.

derryb

if they are gold eagles, excellent price, buy all you can. If they are proofs, even better

RobertS

Thanks for the prompt replies!

derryb

Hold them, good investment