First Spouse Gold Coins Investment
I was reading back in June on Active Duty Military Money and Matters about these coins selling out immediately and then he Ebay'd them and made a profit. I tried it out and bought the Thomas Jefferson First Spouse coin. He didn't have a spouse, so it has Lady Liberty on it. After shipping costs, I paid $447 and sold it for $510. So I made about $60, which turns out to be a 12% return in one month...not bad.In the same post he mentioned he bought the 20th Anniversary of the silver American eagle coin sets, for $100, and noticed that they were selling for $500 on Ebay. I will look at more coins now. This "flipping" coins has peaked my interest.
Gold hit $710 an ounce yesterday and these coins are 1/2 an ounce. These coins in gold, alone, are worth $355. Plus, the gold is formed into a coin and there is a limited supply of these coins. I only paid $447 for the coin with shipping, so I only paid a $90 premium on the gold ($447 - $355). I think these make for a good investment. I will be checking out more US Mint releases and blogging about these too.
Labels: coins, collectibles, ebay, investment
posted by Money for Military at 6:59 PM
3 Comments:
Be careful some of the coins may not sell to well. Do you homework. Secondly, I bought the Thomas Jefferson coin as well. I am waiting to sell when I actually get the coin. I think that you will get a bigger return more like 25%-35%. However, If you wait too long you will break even
Vause
Hoe can you only break even when gold inventory is down by 34% at this time and we are getting ready nto go into the christmas ordering season which makes for 55% fo all gold sold inthe year.
secondly there are literally thousands of collectors waiting to get there hands on these gold coins I predict in 4 years the first four coins will top $4000 to $5000. each as the us mint was not prepared for the unusuual run on the gold coins and way under produced them take a 2006 Gold Eagle anniversary set sold at the mint for just over $2600 sold out in a few weeks and if you can find one will you in raw condition over $7500.00 and graded in 70 condition over $40,000 not as bad return at I thin the people are selling way to soon as many investors and collectors do I now have over 30 of the first spouse coins and some i purchased for less than mint issue price and I think I will in the next 2 months will make at least $500.00 each if I choose to sell them this soon I also now have a complete set 70 in all 3 spouses pairs proof and uncirculated and will continue to collect them all the way through series future predictions place a premium of well over $150,000 for a complete set of 70 at the end of the series not bad for a less than $4000.00 investment in 16 years I have not seen any thing else come close to that return in the last 2 years. Thanks For listing coinman0615
Great post on gold and silver coins. We will include some of your writing and link into our newsletter to our gold coin collector forum newsletter and social website.
gold coins
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