Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: BSGrinder who wrote (26403)	1/23/2003 3:30:26 PM
From: c.hinton	Read Replies (1) of 36161

I bought a dozen mint state 20 $ (ms65)st.gaudens at 820@ a year and a half ago when gold was at 272$ they now retail at 1150$ each .that equals about a 38% raise.just about the same as the raise in the pog.If I had to sell quick I would, however ,be better off with a new gold eagle. When I bought the st.s the seller had to sell, so I got a discount off the listed retail price at the time(920$).There are also lots of historic proof coins that should never have been circulated,but were, at face value, during hard times.If you love old coins invest,but if you think you may one day have to sell them at short notice go for new gold. ps I picked up the other day a 1797 english 2 pence piece.its was issued the year the bank of england suspended gold conversion.the piece was an attempt to give alternative value for money, it would have been worth about 3.3 US cents at the time.it is two full ounces of copper,twice the size of a silver dollar.can you imagine carrying 60 oz of copper to make change for a single silver dollar

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