Gold: Pre 1933 Vs AGE

Do you do one or the other or both? What would be the reasons?

 

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Both - just to diversify.

 

It depends on if you are able to buy the pre33 for melt (or at least a similar premium as the modern bullion) or not? Just want to make sure you are comparing apples to apples. If the premiums (or lack thereof) over melt are the same I prefer pre33...

 

I collect mostly old gold because that's what interests me. I have one set set of Uncirculated and Proof AGE as type coins. That's it. I don't want a lot of them because it ties up a lot of money that could be used elsewhere.

I also have a lot of modern gold commemorative coins. Fortunately I purchased the vast majority of them in the secondary market and not from the mint. Since I have now paid less than melt, I could make money on them if I sold them, but that was not my reason for buying them.

The trouble with buying "old gold" (pre 1933), is that preservation has a lot to do with the value. When you buy AGE's you are mostly buying bullion. That makes the purchase easier because it requires much less expertise.

 

When I buy old gold, it’s a collecting purchase. When I want to buy gold as an investment hedge, I go with business strike AGEs. To me, each is just an ounce of gold. My collection also includes an AGE proof and a Buffalo gold proof. Those should never be considered purely “gold investments.”

 

Both as is provides better protection. Gold coins are more of a collection while the other is an investment.

 

Like the look and history of old gold vs. bullion.

 

AGE coins don't offer the History of Gold Pieces(besides copying a So So Design) or the Denominations people used , $1.00 $2.50 & $3.00 Gold Pieces are very interesting to me .
I would love to see the U.S. Mint produce fractional Gold Buffalos , I would collect those .
Ah Numismatics , everyone can find a niche here . I Love it .

 

This was just going to be an APMEX purchase if that matters

 

It matters only because you'd be overpaying. Your pre33 gold or AGE would be cheaper from Provident or JmBullion.

 

what grade would you get on a 20 dollar St Gauden's if it was you?

 

images below don't confirm this.

 

I've never found one big bullion firm always cheaper than the others, apples-to-apples. I've bought from APMEX, JMB, Pinehurst, Provident and others.

Steve

 

Circulated , I like to feel them because I'm really interested in the History of the old Gold pieces . I imagine what they were used for and the different possibilities in making change for them .

 

Every bullion dealer is in business to make money and they are in competition with each other. They all have sales, reduced prices, various shipping options, etc. They buy and sell their goods.

No one dealer is always cheaper than their competitors. The market changes and do does their inventory. If you are interested in buying or selling, you must shop around. The ball is always in your court, not theirs.

 

So true.

 

It looks like you may have found one of the exceptions. If that's the case, go for it!

However, I was under the impression you were buying for bullion. If that's the case, just buy xf or cleaned and get as close to spot as possible.

 

$20 Saint-Gaudens Double Eagle Pre-1933... 1360.00... and
$20 Liberty Double Eagle Pre-1933gold eagle 1370.00 at Nationwide

 

I thought you were always buying a bit of both. numismatic and gold.

 

I had never heard of Nationwide. looks terrible