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<p>[QUOTE="Collector1966, post: 785905, member: 17919"]If you live in a major metropolitan/cosmopolitan area like NYC, then the more esoteric foreign gold might be "as liquid as bullion" coins. But it has been my experience, out in the hinterlands, that there is a sort of mindset as it pertains to foreign gold.</p><p><br /></p><p>First, there are people who avoid foreign gold because they fear it might be subject to confiscation, as the Krugerrands were to a certain extent in the '80s and some late-date foreign gold was in the '60s.</p><p><br /></p><p>Second, most collectors in the US prefer the US gold coins. If they're interested in investing, they will gravitate toward the bullion coins that are made in convenient, easy-to-remember units. </p><p><br /></p><p>Third, there seems to be a hierarchy of sorts as it pertains to foreign gold coins that are not bullion per se, but are traded as bullion. The most popular foreign gold coins that are not fractional bullion pieces seem to be the Mexican coins-- perhaps because of the large Mexican population, and the close similarity with equivalent US coins (2 pesos= 1 dollar, 5 pesos= 2 1/2 dollars, 10 pesos = 5 dollars, 20 pesos = 10 dollars).</p><p><br /></p><p>Following Mexican gold coins, British/Australian/South African sovereigns seem to be pretty liquid, as are French and Swiss 20 francs pieces. German 20 marks are also up there, but they might not be quite as liquid. </p><p><br /></p><p>Other European gold coins have varying degrees of liquidity. I was recently in a coin shop in the South, and the dealer was offering one of his regular customers an Austrian 4 florins for $450-- less than "melt", as it were. But the customer wasn't interested in it-- "I don't know nothing about them" was his reason. </p><p><br /></p><p>As for the more esoteric gold coins, I have my doubts about coins like the Pahlevi and its fractions. First, they are not widely traded coins. Second, the lettering is all Farsi, and the date is not only in Arabic/Farsi numerals, but it is the Persian year, which makes it doubly difficult to convert into the equivalent Christian year. Third, with all the hullabaloo about Iran today, there are people who won't touch them for fear of confiscation and/or stigma.[/QUOTE]</p><p><br /></p>
[QUOTE="Collector1966, post: 785905, member: 17919"]If you live in a major metropolitan/cosmopolitan area like NYC, then the more esoteric foreign gold might be "as liquid as bullion" coins. But it has been my experience, out in the hinterlands, that there is a sort of mindset as it pertains to foreign gold. First, there are people who avoid foreign gold because they fear it might be subject to confiscation, as the Krugerrands were to a certain extent in the '80s and some late-date foreign gold was in the '60s. Second, most collectors in the US prefer the US gold coins. If they're interested in investing, they will gravitate toward the bullion coins that are made in convenient, easy-to-remember units. Third, there seems to be a hierarchy of sorts as it pertains to foreign gold coins that are not bullion per se, but are traded as bullion. The most popular foreign gold coins that are not fractional bullion pieces seem to be the Mexican coins-- perhaps because of the large Mexican population, and the close similarity with equivalent US coins (2 pesos= 1 dollar, 5 pesos= 2 1/2 dollars, 10 pesos = 5 dollars, 20 pesos = 10 dollars). Following Mexican gold coins, British/Australian/South African sovereigns seem to be pretty liquid, as are French and Swiss 20 francs pieces. German 20 marks are also up there, but they might not be quite as liquid. Other European gold coins have varying degrees of liquidity. I was recently in a coin shop in the South, and the dealer was offering one of his regular customers an Austrian 4 florins for $450-- less than "melt", as it were. But the customer wasn't interested in it-- "I don't know nothing about them" was his reason. As for the more esoteric gold coins, I have my doubts about coins like the Pahlevi and its fractions. First, they are not widely traded coins. Second, the lettering is all Farsi, and the date is not only in Arabic/Farsi numerals, but it is the Persian year, which makes it doubly difficult to convert into the equivalent Christian year. Third, with all the hullabaloo about Iran today, there are people who won't touch them for fear of confiscation and/or stigma.[/QUOTE]
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