Thread: Liquidating Modern Bullion into Numismatic Gold?

Hey everyone, I am currently grappling with a decision so I thought I would break my silence (long time reader of this forum, not so hot on posting) and solicit some feedback.

As the title suggests, I am trying to determine if liquidating my gold collection of moderns (AGE and Buffs, mostly) and re-investing into numismatic gold (pre-1933 US issues) would be a prudent move as gold prices spike into the stratosphere.

Having been into moderns long enough to see their value rise and fall with the whims of the market, I am of the mind that re-investing, while gold is high, into the more stable arena of numismatic gold would be a smart way to protect my investment and gains.

To that end:

• Is this even a good idea?
• Any points of concern I am overlooking?
• Can suggest any tips into a basic strategy for such a move?

Thanks in advance for you input.

The time to have done that is passed, in fact after about early 2006, gold coins from pre-1933 have caught up and surpassed pricewise vs. regular bullion. The markups on gold coin have increased significantly along with demand.

I would recommend staying the course with what you have already, otherwise all you are doing is chipping away at your own proceeds in this current market.

The buffalo coins are numismatic gold in the eyes of collectors, I wouldn't sell those for all the tea in China.

Stay the course ..don't convert anything now ..but with new additonal funds buy pre-1933 gold.

That being said ..how much gold are we talking about?

10 ounces, 20 ounces or 100 ounces. The size and contents of your collection should also factor into your descision. Some AGE's are worth holding onto as numismatics.

Originally Posted by andrew289

Stay the course ..don't convert anything now ..but with new additonal funds buy pre-1933 gold.

That being said ..how much gold are we talking about?

10 ounces, 20 ounces or 100 ounces. The size and contents of your collection should also factor into your descision. Some AGE's are worth holding onto as numismatics.

My collection is primarily proof AGE's -- complete collection up until 2004 when the price of gold forced me to pick and choose which pieces to buy. I have a couple of Buffalo fractionals and the occasional commemorative to round out the collection.

From the looks of it, I am hearing that I should just sit tight. My big concern was to avoid another late 90's style hit to the value of my collection once gold eventually settles back down. It was pretty rough seeing my collection's value whither during those times.

Originally Posted by andrew289

Stay the course ..don't convert anything now ..but with new additonal funds buy pre-1933 gold.

Gotta agree with the above idea. You should be fine just adding an occasional, (take your time to purchase pre-33 gold). Man!! You got buffalo fractionals, that's more than one!! You should be happy until you can slowly add to your pile.

Originally Posted by CrazyDuck

It was pretty rough seeing my collection's value whither during those times.

Your collection's value with fall when gold prices fall whether you own modern or pre-1933 coins. So what you were planning will not accomplish your goals. If volitility bothers you, gold isn't the place to be at all.