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American Gold Eagles MS69

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ravenwoods View Drop Down
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    Posted: 05 Nov 2009 at 8:45am
My dad had some NGC graded American Gold Eagles, MS69. Can one sell those at a premium? Or do you have to wait 100 years before their value is higher than the Gold spot price? I suspect it isn't worth it to buy graded gold coins if you don't plan to hold on to them for 50-100 years.
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sethr View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote sethr Quote  Post ReplyReply Direct Link To This Post Posted: 08 Jan 2010 at 8:28am
Originally posted by ravenwoods ravenwoods wrote:

My dad had some NGC graded American Gold Eagles, MS69. Can one sell those at a premium? Or do you have to wait 100 years before their value is higher than the Gold spot price? I suspect it isn't worth it to buy graded gold coins if you don't plan to hold on to them for 50-100 years.
Who told you that?  Sure it may take a while to be higher than spot, but some go up fairly quickly--mint errors, low mintage, low sales by the mint.
 
But, eagles bought at $2.50 over spot in 2006 at $551 are now selling for $1225 on ebay.  About $1180 or so after fees.  What's the complaint?   Did your bank account double in four years?  Not even close. 
 
BTW- MS69 in gold eagles isn't very special.  Most of them hit that way--especially for dealers Wink.
 
As for the higher net stuff, you should have bought the old to begin with.  I bought a 1907 St. Gaudens for a little over $800 in 2006 ($550 spot).  Then I kicked myself in the butt over and over.  What the heck did I tie that money up for.  It's now $2100 to 2500 retail (PCGS retail).  It wholesales for about $1800.  I'll just dump it and walk away.
 
The point is get in and get out at a profit.  The price 50 years later is a lot of inflation built in.
 
 
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itmtrading View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote itmtrading Quote  Post ReplyReply Direct Link To This Post Posted: 08 Nov 2011 at 11:18pm
The American Eagle Gold Bullion Coin is the best-selling gold bullion coin in the world. As the United States Mint prominently mentions in all of its marketing literature, each and every American Eagle is guaranteed by the U.S. government for weight, content and purity. When it comes to buying gold coins, the American Eagle tops them all.

This unique selling point is no doubt key to the American Eagle’s popularity with investors, especially within the United States, but the American Eagle also boasts other important and attractive features and benefits.
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