75th Anniversary American Eagle Silver Proof (20XF)

Danielp · November 5, 2020 1:34PM

I have two available, what would you do with them. Ideas, suggestions?
Thanks

tincup · November 5, 2020 1:35PM

Dunno... if you don't know what to do with them.... why did you buy them?

morgansforever · November 5, 2020 1:38PM

Why not turn one of them into a pocket piece? Circulate with other 90% coinage until in AU condition and submit for grading. You'll have the only one in AU condition 1 of 1.

Danielp · November 5, 2020 1:47PM

Not sure if I want to sell them now. What would be a good price?

hammer1 · November 5, 2020 1:50PM

Insure yourself a profit.

$99 + shipping.

tincup · November 5, 2020 1:54PM

@Danielp said:
Not sure if I want to sell them now. What would be a good price?

Seriously, no one knows. One buyer is paying $133 or so each... so if you wanted just a very quick profit, you could do so. But... if one wants to wait... and take a chance.... could go up much more. I'm sure that is what many on here are expecting or hoping to happen. There are a lot of Silver Eagle collectors out there who want one for their collection, and may not have been able to snag one today.

tincup · November 5, 2020 2:03PM

There is no simple answer to your question. Which is why I earlier asked why did you buy them? Were you interested in making some quick cash in your pocket? Do you plan to hold to start a collection yourself? Did you buy them for someone else?

If you bought them to make a quick profit... how much is enough? Do you need quick turnover to recover your investment and some profit? If so, perhaps you do not want to take much risk by holding.

If there is no need for recovering your investment money, how long are you prepared to wait to see how much they may increase in price? 1 month? 1 year?

So no easy answer. One strategy would be to sell one and recover the total amount you have paid for both... thus you have one coin left and have recovered your investment. Then you could wait and see if it goes up more... or down. What is a good selling price right now? I have no idea.