Walking Liberty gold to be released Nov 17

He sure isn't wrong about some of the other claims though

 

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If I cared one single measly iota about what you think, I might be upset. I don't. I'm not. I already hold you in massive disdain, not to mention contempt. Oops, I just mentioned it.

 

I believe that a commemorative gold coin contains 90% gold and 10%copper (coin gold) and a bullion coin (varies in fineness) is clearly marked with it,s content.

 

None of those are commems, either.

 

You are correct, sir. ... so far. Congress has the option of specifying any fineness they choose. They have so far gone the 90/10 route, but look for that to change for at least the breast cancer awareness rose gold coin.

 

The law is one thing

but the US MINT is advertising these coins/medals as commemoratives
http://catalog.usmint.gov/coins/commemoratives/

maybe Congress should shut down the US MINT for over stepping their guidelines.

 

My favorite book on investing was written by William O'Neill (founder of Investors Business Daily) titled "24 Essential Lessons for Investing Success".

 

I have that book. I got it free back when I had IBD along with a couple other of their books for free distribution. Great information, though dated now with a more global economy. I should look at it again as I haven't looked at it in years. I think I got it in the early 2000s?

 

In no way, does the Mint advertise these CENTENNIAL gold coins as COMMEMORATIVES. Furthermore, the word COMMORATIVE is never used on their website in regards to the "Centennial Gold Coins".

 

Honest to pete, @Clawcoins, when I hit the link you posted, the 2016 gold centennial series is NOT there. You're reinforcing MY point.

Look, buy what you want; we all do. But please, stop the lying that these are in any manner commemoratives. They simply are not. They're in the same category as the 1964-2014 gold Kennedy, which ALSO was not a commemorative, nor are the high relief thingies. They are a series unto themselves, authorized by the bullion law.

 

From the Mint's web page for the Standing Lib gold coin:

"Introducing the 2016 Standing Liberty Quarter Centennial Gold Coin! This gold coin is an event that’s been 100 years in the making.

Beautifully struck in .9999 fine, 24–karat gold, this gold 2016 centennial anniversary release celebrates Hermon A. MacNeil’s original “Standing Liberty” quarter design. Each gold coin contains one–quarter troy ounce of 24–karat gold, symbolic of the coin’s denomination, and has a business strike finish.
The obverse (heads) features Liberty holding a shield and olive branch as she steps through an opening in a wall bearing 13 stars. Inscriptions are “LIBERTY,” “IN GOD WE TRUST,” “AU 24K,” “1/4 oz.,” and “2016.”

The reverse (tails) depicts an eagle in flight flanked by 13 stars. Inscriptions are “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” and “QUARTER DOLLAR.”

Each coin is encapsulated and hand–packaged in a custom–designed, black matte hardwood presentation case and accompanied by a Certificate of Authenticity.

In 2016, the U.S. Mint will mark the centenary anniversary of three numismatic icons with the release of the Mercury Dime, Standing Liberty Quarter, and Walking Liberty Half Dollar Centennial Gold Coins."

So it's not a commemorative and the Mint never says it even commemorates anything. It celebrates and it marks, and I have several tomcats that can do half of that stuff.

But of course, the Mint also claims in there that the SLQ's were beautifully struck, which is more spin than fact, so ...

 

I got it the same way, subscription to IBD. I liked it because it was easy to understand and debunked investing myths. For example, timing the market. The book states that no one has ever been able to consistently time the market. It went on to demonstrate how the market moved and if you aren't in the market when the "big" move is made, it could be a decade before it comes around again. One of my financial advisors has a chart that's very clear. In demonstrates this very fact and how much lower your returns are when you miss those market moves. The difference in return is staggering.

 

I don't care if they call things a commemorative or not.
If I like it, I'll buy it.
Such as the WLGold ... I plan on buying one. If the same coin was manufactured by Zimbabwe I would not buy it.

 

Is it worth buying directly from the mint or waiting 1 or more years for the demand to drop, sort of like the SE Limited Edition sets, and with the demand drop, the price drops too?

 

I learned a lot from those books. I should read them again.
I had a class partially about stocks, etc in college. The Prof was from the Federal Reserve or something like that .. been a long time.

 

It all depends if the true demand is low (and not just ppl buying to flip)
and what bullion prices do between now and when you want to buy one.
If gold prices get cut in half and there was low demand, you'll look super smart.
If gold prices double and there was high demand and it continues ... well, you'll be paying more.

I normally buy "used" but with some of these designs I prefer to have it now rather than later as bullion may see a consistent albeit slow increase in valuation over time. Or maybe not.

 

I'd wait until AFTER November 7th to make any bullion related purchases unless, that is, you are a gambler. If you can afford to lose, or win, go for it. This election can make or break your bank. Myself, I cant afford to take the chance to lose, so I'll wait it out for a year or two.

 

==> http://www.marketwatch.com/story/wh...er-among-commodities-if-trump-wins-2016-11-02

I hear 'ya.

But mostly I enjoy the designs. Just picked up a 1934 Texas Centennial half dollar. Such a nice design on both sides. And the ASEs I like due to the WL design.

But my coin collection is nothing "rare" so large appreciation over time is more muted. But it's an enjoyable hobby and converts cash into another form of assets.

It goes back to the .. if I'm in a hurry to sell I'll lose money. If the silver/gold market is cut in half and I sell, I'll lose money. If bullion raises, I'll gain valuation.

But I pull them out and look at them from time to time, which in itself is a gain versus looking at them in a book. The WLGold fits into that category, but I hope it has a good demand so it's valuation doesn't just drop in a year or two based solely on bullion price.

Earlier this year I bought my 2008 American Bald Eagle set coin doohickies at less than it's 2008 release price. So I know what you mean. The original owner even knew it was less than their purchase price but they held on to it long enough and wanted to move on.

FYI, I think the SLQ gold is still available from the Mint's website ... so I expect that one to drop in price over time if bullion remains steady.

 

In the past I bought individual SE's from the mint only to sell most off for nominal profit during the silver run a few years back. The only bullion that I kept were the initial release the Canadian Mint did of the 1/2 oz $10 Maple Leaf Forever coins. I believe I purchased 10-12 and gave away 1 or 2 as a gift. Ebay shows a demand and people still buying them, so I'll keep them for a bit longer.

 

That Texas commem is one of the finest pieces of numismatic art ever. The detail, the deep relief (on one side at least), outstanding.