Need Advice, regarding trade gold 3 key date coins?.
2ltdjorn
Posts: 2,329 ✭✭✭✭
Hypothetically would you trade gold generic United states commemorative, for circulated keys date coins in pcgs?
PCGS 1937 D 5c 3 leg F-12 $495
PCGS 1916 D 10c G-6 $795
PCGS 1918/7 D 5c G-6 $800
Also wholesome for grade.
I am in gold for $1150.
WTB... errors, New Orleans gold, and circulated 20th key date coins!
0
Comments
Yes, gold goes up and down and key date coins generally rise over time.
bob
I'd trade the gold in a heartbeat
yes
Top 10 Cal Fractional Type Set
successful BST with Ankurj, BigAl, Bullsitter, CommemKing, DCW(7), Downtown1974, Elmerfusterpuck, Joelewis, Mach1ne, Minuteman810430, Modcrewman, Nankraut, Nederveit2, Philographer(5), Proofcollection, Realgator, Silverpop, SurfinxHI, TomB and Yorkshireman(3)
Thanks for insight, always liked the these coins. And would fill some holes.
If I understand the question, yes. About 1/2 oz gold for those three coins, yes.
Based on a quick search, the prices on the 1937-D and 1918/7-D seem on the high side, while the 1916-D looks to be attractively priced.
I suggest checking auction archives before just jumping in. If you think gold will drop, you can sell it without having to make a trade and either way, your cost in the gold is largely irrelevant.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I would sell one ounce, and cover different out of pocket
Liquidity for JUNK? Lol
A vf-xf 3leg is $500ask at two shops in L.A. I passed on a decent P xf at $550. Those prices for those coins are not accurate. I would never move away from liquidity in this environment.
I have a question before I would answer. So your in the gold for $1150. What can you sell the Gold for? Perhaps you bought it when Gold was $400 an ounce!
My cost is 1150/ounce would sell 96% of melt value now
If your saying it's 1 ounce....sounds like a reasonable deal.
I'd rather have a higher grade and CAC in those coins. The trade is ok but maybe for one or two of a higher grade instead of all 3.
YOLO
Liquidity for JUNK? Lol
A vf-xf 3leg is $500ask at two shops in L.A. I passed on a decent P xf at $550. Those prices for those coins are not accurate. I would never move away from liquidity in this environment.
This.
(Unless of course you simply want the coins as part of your collection and in that case the monetary aspect is secondary.)
I knew it would happen.
Just take your profit on the gold in cash and forget about the trade.Forget about "what you are into it at". It is irrelevant.
Take your time and buy something better than supposed "key" dates in Good condition or a hyped die polishing error such as the 1937-D 3 Legs Buffalo.
Personally, if it's within an acceptable dollar range of negotiation and I wanted the coins more than the gold, I'd do it. I'm here for the coins.
Great transactions with oih82w8, JasonGaming, Moose1913.
I think you did fine. You traded what was once $1150 for three desirable coins. If you were going to get 96% of melt, that's $1870ish. A super quick look at PCGS ValueView (the auction compiler) and some mental adjustments for my own ease have these going for $1930ish recently/regularly. If you like these coins (I do) you did awesome. You also were able to get them all at once, not have to worry about ebay sellers or outbidding someone else, or how to calculate fees at different buying venues. In my opinion, Good for you!
The comments about liquidity seem kind of odd to me, since we're all trading dollars for coins all the time. Right now, anyway, what's more liquid than that? If the goal is to be in the most liquid position, we need to hold more cash and less coins. If we're just prepping for a doomsday scenario, we'll see what value gold has, should we get there.
I'd do it, but I'm not a gold guy.
yup. I think gold is replaceable. the gold wasn't special it was us commemoratives and Canadian commemoratives that I picked up for 90% of spot when gold was a lot lower. I have always like the 1916-D 10C, 1918/7-D 5C, and 1937-D 3 Leg 5c. Probably going to start working on filling some average/circulated 20th century sets so these are critical to find certified and good quality.
I have had two 1918/7. actually this coin was my certified coin I bought when I got my first real adult job in the us arm. a ngc problem coin from tele trade.
something about the album fillers that make you appreciate the hunt.
Although I personally would hold the gold, if you are a collector and those coins are important to your collection, then go for it. Cheers, RickO
For me / No, would be a step backwards, especially those circs. I consider investment grade MS64 and above.
I would never trade gold coins for non gold numismatic coins, especially expensive ones.
What is the MV of your gold you would trade for those? Do you have buyer lined up to flip them, make money? One can’t read the date it’s so worn - wb tough sell.
With covid environment, market uncertainty not a fan trading gold for those. Many USA numismatic coins money been wrung out of them, decreasing pop collectors.
But if area of interest, deal looks good go with your gut.
+1
It all depends why the OP wants to make the trade. However, if getting most of their money back is important, I'd rate these three coins among the worst candidates to do it over any longer period of time.
In another thread, I mentioned reviewing prices since the 1960's for key and semi key Lincolns cents and it's evident this coinage reached it's peak relative preference over 50 years ago. It has since declined or crashed. I have not checked for these three but if it's better (think so for the 16-D), I wouldn't count on it in the future.
Isn't the point of liquidity to be able to convert easily into cash or product when desired? Given the high price of gold right now I'd say this seems like exactly the sort of thing to do. Besides, those coins should not be hard to sell in the future either.
Collector, occasional seller
I understand liquidity if the coins or precious metals are an investment model.
My coins and precious metals are a hobby. And not a significant value of my net worth.
I remember digging through the red books and looking through blue Whitman coin folders and these were the ones always missing. While not high grade they they are adequate and certified hole fillers.
I’m gonna start getting my kids... age 7 and 9 into filling folders so I think it will be fun to have them build complete sets.
1918/7 is bit more wholesome for the grade, pretty original.
1916 D - nice wear with not too dark.
I picked up the 3 for nostalgia, and genuine appreciation for coins as a wholesome hobby.
"Hypothetically would you trade gold generic United states commemorative, for circulated keys date coins in pcgs?"
Hypothetically... only you can answer that question. I have no idea of your position in life... your goals, financial status, and how your view the world.
I personally would prefer to hold gold.
In the long run I think the gold will be a better investment.
That's a hellofa strong date for an 18/7 nickel in that grade!
Edit to add...that's a really nice 16-D for the grade also!