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Dalsuh
Penny Hoarding Member


USA
757 Posts

Posted - 10/28/2009 :  00:16:16  Show Profile Send Dalsuh a Private Message
Hello, what do you guys think about CNI's advice on $20 Double Eagles.
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What would you pay for a PCGS MS63 1900S $20 Double Eagle? I'm still new to numismatics, just need some opinions.

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beauanderos
1000+ Penny Miser Member



USA
2408 Posts

Posted - 10/28/2009 :  14:42:56  Show Profile Send beauanderos a Private Message
These Double Eagles might have demonstrated a significant price performance history in the past, but I wouldn't allocate more than about a 5% position in your portfolio for them. Who is going to pay you more than melt in a SHTF scenario? They're only good for investment purposes in a stable environment, which we most certainly do not have now. If you want to enjoy numismatics and still be able to get your money back if needed, stick with VF/XF/AU that you might be able to find very close to melt value.

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