Sold 1/10th of a Bitcoin @ 2,750 - Bought ALL These Shiny Metals
I love gold and silver just like most people do
But lately, ever since Bitcoin found such a high value, my interests in these shiny metals have grown immensely!
For Only 1/10 of a Bitcoin you get all this!
- 1/10 oz Gold = 135$
- 8 oz Silver = 136$
For a grand total of $271
My favorite out of them all
I know most would have chosen that little tiny golden girl in the middle...
But I typically like silver more and that 1929 Indian head is pretty sweet. Plus, if you think about it, when that coin was made it was worth less than 1$.
Here is a funny story
Back in 1929, a Morgan 90% silver dollar with only 0.9 OZ silver was worth roughly 2x more than 1 OZ of pure silver
So essentially, when the Government minted money from silver, they instantly made 2x per coin if not more
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Those round things are not real coins but contemporary medals and the one with Indian head is not from 1929 for sure - the image was copied from gold $5 coin, so called Indian Head half Eagle:
Real coins trade at premium as usually they have also numismatic value while modern "investment" medals have silver scrap value only.
I have two gold coins that are 2 1/2 dollar Indian heads from 1911 and 1913. They are some of the favorite coins in my coin collection, like a bitcoin they go up in value regardless of what the price of gold is doing because of demand from other collectors. But these days this seems like there's less and less gold coin collectors and people that are more interested in digital currency. Is there a digital currency that's a back by real physical gold and silver? @briandenver
2.5$ indian head coins from early 1900s sound really cool to have in a collection.
How much gold is in those coins?
$20 => 0.96 troy oz. or 30.0926 grams of pure gold so $2,50 = 3.761575 grams of pure gold.
Oh i know, those round ones are simply 1oz bullion coins. I payed melt spot plus %, came out to $17/oz on the silver.
I do like the designs tho. Got some christmas ones and such, good fun for an investment.
I also collect Morgan Dollars which are real silver coins typically 25% premium over melt spot prices.
Damn, so you really think that one isnt from 1929?
I figured that was the stamp date for the bullion coin... all the others have stamp dates too but 1980 and beyond.
Yup, your right. The 1929 is just a special date for this minting company and the put it on one of there stamp templates.
That is dissapointing :(
I always somewhat wanted an old bullion token... i have old morgans from the 1890+ but a bullion piece would be cool. I would think bullion would have been melted down somepoint within the 100 yrs
They did not make bullion "coins" in those times - there was no point because gold & silver circulated. I mean there were some traditional coins being minted (which did not fit into normal circulating coinage) but in those times all gold coins were priced at bullion value so all of them were sort of bullion :-)
This is definitely modern stuff - the date doesn't have anything to do with real production year.
Impure silver cost more than pure silver. Things don't seem to add up in my head hahs
All these coins look great but I have to agree, that silver coin with the native Indian looks incredible and great quality
I've bought gold and silver with Bitcoin profits. However, I found this to be one of my more costlier decisions. I have a genuine question: Have you sold anything you have bought? I believe strongly in knowing how liquid and how much of a return you can receive when investing in Gold and Silver. I buy more Bullion by the ounce and not buying more until I know how much I could sell it for just to understand my liquidity ability.
Would love responses from anyone who has resold their gold or silver bullion.
Thanks, RealEstateCoach
Yes ive sold plenty. Ebay is a great place to do that actually.
But i typically buy bullion from a dealer because i can get roughly spot prices.
I have found gold/silver is highly liquid, but finding a dealer to give you a good price is hard...
Plus, im using bitcoin profits to buy... helps me sleep at night knowing i have physical value i can touch than having it all digital.
Might not be the best investment decision, but who knows, it just might be..
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Why is not Litecoin better investment than Bitcoin
I also love silver more than gold