Hello group I am soooo glad I found you on the internet. I am located in toronto and would like to start buying gold coins for investment. No idea what is the best way to go about it, what is the best coin to buy. I understand that that Taylor's Coins shop is very good. I would appreciate your input and I am looking forward being educated here. thanks for the opportunity joy
Welcome to the site! This question might be best asked in the bullion forum. Me personally - I think with gold low you might want to buy any bullion AGE(american golden eagles) as close to spot as you can. Most numismatic coins I don't really think of as invesments. You might be able to get some St. Gaudens a little cheaper but not much. Some of these tend to have a slight premium over spot price. Enjoy!
WELCOME TO THE FORUM. If you want my suggestion don't start collecting expensive items in coinage. That is depending on many things though. Do you have enough money that in case you purchase a lot of Gold coins and the prices crash you do not have to worry? Do you have a place to resell them if needed? Are you planning on just collecting or investing? Why Gold? Why not start with just ordinary coins to see if you maintain an interest?
I agree with JUST CARL ease into it. Just my personal opinion but when investing in Gold bullion coins you want to stay away from the fractionals and stick with the 1 oz to avoid premiums. I would maybe start off with some 1 oz Silver Eagles or Canadian Maples beautiful bullion coins and easily liqudated. Also for the price of 1 oz of Gold coin you can get 60 oz of Silver coins again just my opinion but think you'll be happier in the long run. Again this is assuming you don't have tons of extra cash laying around either.
Coins are a terrible investment, particularly for someone new to the hobby. My advice: Buy coins that are driven by bullion price, and are available for as close to spot as possible. Either that, or spend the next five years learning about coins before purchasing your first "investment".
Welcome. IMO.... You can buy American Gold Eagles, Canadian Gold Maple Leaf, and South African Krugerands for just above the spot price of gold. When/if you sell, then you should be able to CONVENIENTLY find buyers for these "known" coins just below the spot price of gold. Sometimes you will be able to find USA coins such as liberty head gold $5, $10 and $20 coins for sale near the spot price. These coins & the ones mentioned above are "known" coins and should not be discounted when/if you go to sell them. If you buy lesser known coins and bars, then the buyer may discount what he pays you when it is time to sell. Take a look at Kitco's Website (www.kitco.com I think) to see what is traded in the bullion scene. Very best regards, collect89
.....welcome, joy. here is a very good read posted by an exceptionally wise member for you to revue. i really think it is very enlightening and i think you'll agree. and welcome to the forums! http://www.cointalk.com/forum/t59111/
start out slow on reasonable priced coins , pick a few that appeals to you, do somerearch on them etc. mintage, history etc. and narow it down to a coin or 2 that you can get a quality coin for a fair price and work your way up on the coins that appeal to you. Once you get more knowledge on this past time , you may want to work another type in your collection. research , do not be afraid to ask questions
