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Old 07-03-2014, 07:09 PM   #21
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Not a gold person.. but i thought and hoping it is like in $300-400 range.
I guess it will go back into drawer for another years or a decade.
Thank you everyone for the advices.

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Old 07-03-2014, 07:50 PM   #22
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More mis-information;

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The particular coin you have is not only a American Eagle gold bullion coin from the US Mint, it is one of the proof coins. These have a higher sheen due to being pressed when the dies are new.
Not true. Proof is a product, not a condition. Proof dies are made specifically and separately from the other dies. Proof coins are their own product, not a by-product of another item.

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It is worth what ever 1/10th of $1322.00 is !....................or a $132.20.........
Also not true. Spot value is posted on the net. When you buy gold or silver, you pay spot, + a little. That is for manufacturing the coin, or bar, or whatever. It's also the merchant's cut. When you sell, you get spot - a little. Also so the merchant can take a cut. But spot price will move, sometimes a lot, very quickly, up or down. You can sometimes bring the 2 prices closer together, by shopping around.
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Old 07-03-2014, 09:20 PM   #23
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Originally Posted by Shoobee View Post
I'm pretty sure that these mini's are anodized, and therefore there is very little actual gold in/on them.



So it is probably only worth it's weight in zinc.

WTH are you talking about. Anodized...... I sold one not long ago and got $160 bucks. Gold was a little higher.
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Old 07-03-2014, 10:56 PM   #24
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Quote:
Originally Posted by clr8ter View Post
More mis-information;



Not true. Proof is a product, not a condition. Proof dies are made specifically and separately from the other dies. Proof coins are their own product, not a by-product of another item.



.
Thanks for the clarification. Proof coins are struck in fewer numbers though, and can have more collector value over spot price, or spot +coin premium.
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Old 07-03-2014, 11:55 PM   #25
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That is pretty much true. In the case of the 1 oz. Double Eagle Ultra High Relief they made a couple years ago, MUCH higher. Woe is me for not buying one for what at the time seemed a super high premium over spot.

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Old 07-04-2014, 12:08 AM   #26
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A quick tour of the net finds your coin, identical case and papers, running around $175-$200 retail.

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Old 07-04-2014, 12:11 AM   #27
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If you want to sell it, eBay would probably get you the best price.

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Old 07-04-2014, 02:33 AM   #28
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Thx for all the input guys.

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Old 07-04-2014, 12:18 PM   #29
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Quote:
Not a gold person.. but i thought and hoping it is like in $300-400 range.
I guess it will go back into drawer for another years or a decade.
Thank you everyone for the advices.
Hey, free gold is free gold! Don't just forget about it. If it holds no sentimental value, and you want to sell it, pay attention to spot. Bookmark a site that has the spot price on your computer, and check back every few weeks. When it moves, it'll likely be quick. When it's going up tens of dollars a day, it's very near time to sell. (Gold people will refer to it going "parabolic", referring to the way it looks when charted). At that point, if you get greedy, and try to squeeze every last dime out of it, you will loose.
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