I bought several 2.007 W $ 50 Buffalo Coin – How long until you can break even selling them?
I bought eight W $ 50 Gold 2.007 Proof Buffalo Coins @ the issue price of $ 825 each. Each coin was graded by PCGS PF69 DCAM (first strike). I can not believe I have not had a single PF70 … so good luck:) I realized that the PF69 eBay (including the first attacks) are only selling for $ 799 – $ 819 each at this point – Does anyone know what is my best option is to sell at a loss and reinvest the money now or hold? Also, how long should I have the coins? Any idea how time until these currencies could shoot over $ 845 per coin at auction? (I noticed several local dealers already have their currencies at a price of $ 900 or $ 950). Thanks in advance for any advice.
What may affect the value of the coin is the price of gold bullion. Do not think I ever trade at a significant premium over the spot price. This is totally my opinion, but I think gold will continue to rise gradually in value at a rate of 5-10% per year not as the doubling of oil prices we've seen over the past few years. I think it will do better than the inflation rate and the rate paid on savings accounts. I think premium over the cash paid for these currencies will be reduced to 10-15% or even less. So my guess is that you can sell the currencies of $ 845 in about 4 years. After that time will start to go up in value more rapidly (10% / year). In essence, your choice is to sell now or keep for a while. 20 years have increased significantly.
Daniel Frank Sedwick Treasure & World Coin Auction #7 April 7, 2010
| | 1834 CLASSIC HEAD 2 1/2 DOLLAR US GOLD COIN-VERY LOW MINTAGE-BULLION-AUCTION $950.00 |
| | Stacks Coin Auction Catalog Lot Token Medal Encased Copper Gold SELL SINGLES EAC $399.00 |
| | 1968 Gold British Sovereign Coin 8 Grams 22KT Fine Gold 1 Cent Auction Start $386.42 |
| | 2011 TENTH GOLD EAGLE 1/10 OZ COIN ~ AUCTION ~ FREE SHIPPING! $224.11 |
| | 2009 TENTH GOLD EAGLE 1/10 OZ COIN ~ AUCTION ~ FREE SHIPPING! $224.09 |
| | 1988 1/10 OZ AMERICAN EAGLE GOLD COIN NO RESERVE AUCTION~~ FIVE DOLLAR GOLD $217.50 |
| | 1/10 oz 1999 AUSTRALIA NUGGET ~ KANGAROO 9999 GOLD COIN ~ AUCTION ~SHIP FREE $214.88 |
| | 2003 1/10 OZ AMERICAN EAGLE GOLD COIN ~ NO RESERVE AUCTION ~ FIVE DOLLAR GOLD $199.37 |
| | Virgil Brand Part I Bowers & Merena Coin Auction Catalog Key Gold British World $13.99 |
| | STACKS Auction Catalog BERGSTROM Collection COLONIAL/Gold & Silver Coin/POSTPAID $11.00 |
| | 24KT. 1/10 th OZ GOLD PANDA BEAR COIN. “AUCTION SPECIAL” {Very Limited}A COPY $4.99 |
| | 24KT. 1/10 th OZ GOLD PANDA BEAR COIN. “AUCTION SPECIAL” {Very Limited}A COPY $4.99 |
| | 24KT. 1/10 th OZ GOLD PANDA BEAR COIN. “AUCTION SPECIAL” {Very Limited}A COPY $4.99 |
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