With gold at $2,900 an ounce, are there any U.S. gold coins that are reasonable to buy, that haven't been affected by the insanity of the bullion market? Have you bought any lately? Give examples.
$2.50 Gold Indians. Except for one coin you can complete a set at a modest price. I put this set together about 12-15 years ago, including the costly one. Best wishes
The value of coins made from precious metal is always affected by bullion prices. The meaning of reasonable when it comes to prices can vary according to perception. This may not be a good time to go bargain hunting.
This is my only American Gold coin: https://auctions.cngcoins.com/lots/view/4-DUJO2L/1847-liberty-head-half-eagle-ef
Yeah but be careful on ebay as there's many fake Gold Indians being sold, here's one below. They always ask for lower than melt and they always have more than 10 available, so if you see a seller like that who is a new seller, stay away! https://www.ebay.com/itm/2970839509...EyQUt9S4xwZeQVly5H5IFHt6U=|tkp:Bk9SR-qDouitZQ https://www.coinflation.com/gold_coin_values.html
I heard there were more fake/copy gold Indians then real ones? That's probably one coin that you would want to buy authenticated. Authenticated Indians don't really fall into the cheaper melt category though.
The $2,900 gold price has thrown a high floor under every gold coin. They are not cheap, but the circulated, common date U.S. gold coins are selling for close to melt. Obviously these coins are not certified, which means you and your dealer are on your own to determine if they are genuine.
I have never bought off of eBay and no intentions of doing so. I deal strictly with several on line retailers and a few LCS’s. Never had a problem. So I stand by my original statement but I should have noted to buy from reputable sources.
I've purchased regularly since 1949, as a B & M coin shop helper then, playing the "game" as I would master a Bridge or Chess event. I just returned from an out-state facility where I received virtually perfect no bag-rub uniform "Cart-wheel luster" 1922 Double-Eagle with a "green-bean", along with a 2007-W PR70 DCAM Gold Eagle. These coins aren't easily located, and their cost may exceed the budget of many inquirers here! There are currently many "traps" on the internet, including my most recent theft encounter, where the thieves actually used the phone number of a well established internet firm selling commonplace commodities. "Caveat Emptor"!
The price of gold may have thrown a high floor on any gold coins, but the smaller denominations with less gold content have a numismatic value that far outweighs their bullion value. For example, a $1 gold piece contains about $140 worth of gold and more than twice that in numismatic value.
Have you determined what a "Fine" Silver coin of the same vintage/mintage/condition would cost, relative to its' intrinsic/melt value? I apologize for asking a question without providing a "Greysheet" documented answer. I believe you'll find that most competitively priced Gold U.S. dollar would probably be produced in a year where the comparable Silver dollar would have ~$25 Silver value, with ~$2300 numismatic value. A "gold piece" generally wouldn't be "fine" Gold, and be bullion which may have questionable resale value! I hope that my P.M. message wasn't found offensive, but determined by the purchase of thousands specimen over years they have been produced, and my following their resales. JMHO
