Gold coin buy

I'm looking for gold coins to purchase and I came across this.
Is it a good deal?
@paddyman98
All opinions welcome
https://www.facebook.com/marketplace/item/1231976544826506/?mibextid=dXMIcH

 

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I hope you're aware modern dollar coins are clad, not actual gold? Personally I think $8 or less would be a good deal for the coin shown above.

 

Some of these were really nice designs and the price was not all that bad.

 

Not gold, it's just a one dollar coin, only worth a dollar but it's up to you if you want it. Gold is not cheap, check out spot prices on gold coins so at least you have an idea, top link. good luck! Just so you know there are many buying fake gold Indian coins on ebay right now, bottom link!

https://www.coinflation.com/gold_coin_values.html

https://www.cointalk.com/threads/another-fake-gold-indian-head-seller.414700/#post-25736755

 

Not worth it.

 

As others have pointed out, its not actually gold. For a PF69 on a presidential dollar $19 all in after shipping seems expensive. I have a set of these and never paid more than about $9 per coin (most were about $7) per coin. They are fun coins and pretty easy to find, just never going to be worth much at all.

 

It's misleading to the point of calling the description an outright lie. Even the US mint has always been careful to call these "golden" rather than gold. "Golden" refers to the color. "Gold" claims it has substantial gold content. Its actual gold content is zero.

 

Thanks everyone for the input, I feel foolish now. They almost tricked me. @Neal yes, it is misleading.

 

I think this has happened to most of us. I used to think that 1965-67 quarters were 40% silver!

 

Just remember l, if it seems too good to be true it probably is. You did great by checking before buying though. Unlike those who find out after the purchase you got the lesson for free. That’s a good thing in my opinion…

 

With the current capability of counterfeiting, I no longer can trust what I receive from sellers, even though they are in proof NGC and PCGS Gold coin labeled 69-70 slabs!

I'm just tired of holding U.S. fiat which is being produced/spent in unreasonable quantities!

JMHO

 

then by all means remove yourself from the consumer pool.

If you can’t trust your own judgement that seems like a signal that the hobby is no longer for you.

while @meandyou4ever0 paying $19 to have learned this lesson would hardly have been the costliest of mistakes I stand by the idea that her getting the education at no cost is still the better outcome.

 

I get so bored with seeing people complain about "fiat money." An excerpt of the definition: "It has value only because the individuals who use it as a unit of account – or, in the case of currency, a medium of exchange – agree on its value." Gold is fiat money. You can't eat it, drink it, or shelter in it. Other than jewelry, it's pretty much useless. It has value because we say it does.

 

Actually, gold is quite useful in a number of areas, especially in electronics. Every electronic device you own, even flash drives, have a little. According to an article from the BBC, the typical iPhone has .034g of gold, .34g silver, .015g palladium, less than .00g platinum, and around 25g aluminum. Very small, but not insignificant when you consider all the electronic devices out there. However, you are right overall, because the vast majority of the price of gold is and always has been the imaginary value that people believe it has. Like bitcoin and paper dollars, it is worth what somebody believes he or she will receive for it at a later date from someone else. If enough people believe the value will go up or down in the future, it will. The advantage of gold is that people have held a belief in it for thousands of years, plus, if all else fails, you can make a prettier nose ring out of it than you can paper or bitcoin.

 

I love your opinions

 

To the contrary, what I buy with my diminishing value paper currency, can hardly be matched by the norm for R.O.I., as established by gambled/betted efforts/competition against others.

I spend an average 4 figure amount/week in investments, and earn appreciably from others who gamble against me.

Having >70 years in international Numismatic dealings with an ~170 I.Q.
has allowed generally superior returns.

Changes in monetary/numismatic values doesn't mean withdrawal of efforts, but merely appropriate altered investments.

Action versus discussion!

 

Paper's even more useful. Consider the situation where there's none left on the roll when you really need it.

 

In our household, a bidet-like process consisting of an extremity and a liquid has worked quite well, decades for an octogenarian in extraordinary health!

My animals, nor I, haven't visited a doctors' facility in more than a year!

You might consider same, as I eat utilizing those "extremities", with minimal utensils!

The process seems to work quite well with a liquid canteen/container and your body, regardless of location when wearing an overcoat.

I also carry many dollars, paper cash!

JMHO

 

Those are not the liquid assets we've been talking about.

 

If you don't like an appropriate response, don't post the following "off-subject" irrelevant statement, which I thought un-germane:

-jeffB said: ↑
Paper's even more useful. Consider the situation where there's none left on the roll when you really need it.