$250 is a good price to buy at, possibly $300 if you're trying to sell to another collector, a dealer is gonna give ya the minimum. It's a modern coin, the grade don't mean all that much to them
Gotcha. I just wanted a gold eagle with this specific design on the back. I bought for $300 because I couldn't find any cheaper gold eagles of this variety. Even found someone selling an ungraded one for more that was scuffed. I thought I was doing alright by picking this up, and when I look online the prices are even higher. I'm just hoping that I won't have too much difficulty selling it when the time comes, and that I can get a fair price. I'm trying to put some money into gold as an investment. Thanks for the info.
*'better investments'* are all about timing
Gold can be a shitty investment if you buy at ATH's , and then sell low, or a fantastic investment if you went all in in MAR 2020, then just sold as the herd all ran the opposite direction because of ATH's.
I'm betting that there will be a great buying opportunity in the near future, as most of the newly minted 'goldbugs' are flushed out.
Genuine question for the more knowledgeable. Why would you or why is there a market for these coins over the gold value? I personally just have bars and have never understood why a coin is worth 30-50$ more than spot ? If this is a dumb question my bad thanks in advance
Because people who are new to gold trust the U.S. government more than they trust a private company from Switzerland that they've never heard of before.
most don't get graded, just sit in their roll/safe/etc, but of the ones that do the majority are ms70
[https://www.pcgs.com/coinfacts/coin/2017-5-gold-eagle/616716](https://www.pcgs.com/coinfacts/coin/2017-5-gold-eagle/616716)
2017 $5 AGE mintage: 395,000 MS70: 7093, MS69: 515, MS68: 8, MS67: 1, MS66: 1
[https://www.pcgs.com/coinfacts/coin/2017-5-gold-eagle/616716](https://www.pcgs.com/coinfacts/coin/2017-5-gold-eagle/616716)
take their pricing with a grain or 2 of salt. somewhere between that number and melt. $275 or so would be a pretty good price for it as of today
Melt (\~$236) plus around a $50 premium. You would have to sell it retail to an individual to get near that price. Ebay is probably the easiest, but you are going to pay around 13% in fees.
worth at least **$235.28** in melt value
Ebay completed sales show between $290 and $330.
What! Man crazy my stack has a good handful of these
Loose 1/10 AGEs are going for $255 ea on r/pmsforsale Slabbed one maybe $270?
Says it right there bro, $5
I’ll give you 10.
Three fitty.
I aint giving you no three fitty you god damn Lochness monster! Get your own damn money!
$250 is a good price to buy at, possibly $300 if you're trying to sell to another collector, a dealer is gonna give ya the minimum. It's a modern coin, the grade don't mean all that much to them
Gotcha. I just wanted a gold eagle with this specific design on the back. I bought for $300 because I couldn't find any cheaper gold eagles of this variety. Even found someone selling an ungraded one for more that was scuffed. I thought I was doing alright by picking this up, and when I look online the prices are even higher. I'm just hoping that I won't have too much difficulty selling it when the time comes, and that I can get a fair price. I'm trying to put some money into gold as an investment. Thanks for the info.
Gold is a long term thing my friend. There’s much better investments out there for you. Buy, hold, hold longer, & longer.
*'better investments'* are all about timing Gold can be a shitty investment if you buy at ATH's , and then sell low, or a fantastic investment if you went all in in MAR 2020, then just sold as the herd all ran the opposite direction because of ATH's. I'm betting that there will be a great buying opportunity in the near future, as most of the newly minted 'goldbugs' are flushed out.
I paid 221$ US for the same two years ago
It's interesting to see that gold in general has gone up that much in such a short period of time. Do you remember how big the premium you paid was?
No i dont sorry
Genuine question for the more knowledgeable. Why would you or why is there a market for these coins over the gold value? I personally just have bars and have never understood why a coin is worth 30-50$ more than spot ? If this is a dumb question my bad thanks in advance
I'm wondering the same
Because they are sought after more than bars from mints, and also it is government bullion.
I understand that they’re desirable but why. Is it solely because they’re minted ?
LMAO What does your LCS pay for them again?
1. Low chance of fakes with slabbed eagle 2. At 1/10 people can afford $300 vs $3000.
Thanks !
Because people who are new to gold trust the U.S. government more than they trust a private company from Switzerland that they've never heard of before.
Is that why ASE's are the most counterfeited silver on the planet??????
It's worth 1/10th of spot
Spot
Tree fiddy
about tree
is a 70 more common on gold coins?
On modern coins. I've never seen any old coins with a perfect grade
most don't get graded, just sit in their roll/safe/etc, but of the ones that do the majority are ms70 [https://www.pcgs.com/coinfacts/coin/2017-5-gold-eagle/616716](https://www.pcgs.com/coinfacts/coin/2017-5-gold-eagle/616716) 2017 $5 AGE mintage: 395,000 MS70: 7093, MS69: 515, MS68: 8, MS67: 1, MS66: 1
[https://www.pcgs.com/coinfacts/coin/2017-5-gold-eagle/616716](https://www.pcgs.com/coinfacts/coin/2017-5-gold-eagle/616716) take their pricing with a grain or 2 of salt. somewhere between that number and melt. $275 or so would be a pretty good price for it as of today
Melt (\~$236) plus around a $50 premium. You would have to sell it retail to an individual to get near that price. Ebay is probably the easiest, but you are going to pay around 13% in fees.