Dcam First

I purchased several 2007 W $50 Buffalo Coins – How long until I can break even selling them?

I purchased eight 2007 W $50 Gold Buffalo Proof Coins @ the issue price of $825 each. Each coin was graded PF69 DCAM by PCGS (First Strikes). I can’t believe I didn’t get a single PF70…what good luck I noticed on eBay that the PF69 (even the first strikes) are only selling for $799 – $819 each right now – Does anyone know what my best bet is, to sell them at a loss now & reinvest the money or hold them? Also, how long should I hold the coins? Any idea how long until these coins might shoot up above $845 per coin on the auction block? (I noticed several local dealers already have their coins priced at $900 or $950). Thanks in advance for any advice.

The thing that will affect the coin value the most is the price of gold bullion. I do not believe that they will ever trade at a significant premium above the spot price. This is totally my opinion, but I think gold will continue to slowly rise in value at a rate of 5-10% per year, not like the doubling in price we have seen in the last few years. I believe it will do better than the rate of inflation and the rate paid on savings accounts. I think the premium above spot paid for these coins will decrease to 10-15% or possibly less. So my guess is that you can sell the coins for $845 in about 4 years. After that time they will start going up in value more quickly (10%/ year.)

Essentially, your choice is to sell now or keep them for a long time. 20 years from now they will have increased significantly.

2009 PR70 DCAM First Day of Issue Silver DC and Territor…

2009 PR70 DCAM ANACS-Graded FDOI Native American Dollar Celebrate America’s heritage with this 2009 PR70 DCAM ANACS-Graded FDOI Native American Dollar. This magnificent First Day of Issue coin comes in proof condition with a striking Deep Cameo finish. Plus, you can proudly display your coin in the included wooden display box. 2009 PR70 DCAM ANACS-Graded FDOI Native American Dollar Features: Obverse design depicts Sacagawea with her baby, Jean Baptiste…