Hello everyone, I just started gold stacking a few months ago. I have a NGC 1885 $10 Eagle MS 62, a PCGS 1907 $5 Half Eagle MS 64, and a PCGS 2011 W 1/10 oz PR69DCAM. I’ve been debating on whether or not I should sell them all and buy a graded Saint or $20 Liberty. The only thing I’m not certain about is the fact that the 1885 Eagle is scarce in mint state. PCGS shows this coin at a 6.1 rarity meaning there’s only about 450 of these coins in MS 60 or higher. Thoughts? Should I keep my fractional pieces or trade up for a Double Eagle? Greysheet Prices 1885 $10 Eagle - $1345 1907 $5 Half Eagle - $825 2011 W 1/10 oz - $279
it all depends on what your goals are and your collecting budget is, i have saints and bullion coins as well a good mix is important if the coin that you want is pretty rare i would sale what you have and make the purchase bullion can be picked up anytime the coin you speak of can’t, don’t miss that opportunity, it may not come again !
Well…. Here’s the deal. As you have discovered, gold is more addictive than class 1 narcotics. There will be more in your future. Ask me how I know! Double eagle prices are reasonably stable so just save your money. It will feel that much better when you do secure it. And one other thought….. There may come a time in a month or a year when you need $300.00. That is the perfect time to liquidate your 1/10th ounce and you still have gold to hold. Point being if you trade your smaller denominations for one large, it limits your ability to liquidate when the need arises….. Enjoy the ride and don’t be afraid to check unusual outlets. I have bought gold from jewelers, jewelry repair folks… I have even bought gold from my office copier repairman!
Another component you should consider when buying and selling gold/silver is premiums. When you buy fractional gold the premiums are higher than when you buy it by the ounce. The same holds true when you sell. Taking this into consideration you paid a premium when you bought your fractional gold. You'll sell it at a % of spot when you unload it. Then you'll pay another premium when you buy the ounce coin. All that premium paid will inflate your average cost in the long run. As @Randy Abercrombie said, you'll have more varied liquidity by keeping the fractionals in addition to whatever ounces you add to your stack.
There are many reason for doing so. One of them is the cost to buy. You don’t make it up when you sell in most cases. Given the price of gold you may only need to sell a quarter or half ounce to meet your needs so why be forced to sell a full ounce?
Speaking of premiums, if gold should rise and premiums expand, you could be looking at a $4,000 ATH price on MS-65 common Saints with a $3,000 gold price. Of course, ALL gold coins would be dragged up by a rising gold price and/or expanding premiums. Have a thread on this ATS, might recreate it here.
