2021 Gold coins?

Discussion in 'Coin Chat' started by Beedles, Jul 28, 2021.


Buy 2021 gold coins?

Poll closed Aug 11, 2021.
  1. Set 4 coins

    1 vote(s)
  2. 1/10

    0 vote(s)
  3. 1oz

    2 vote(s)
  4. I like cake?

    4 vote(s)
  5. 1/2

    1 vote(s)
  6. Buy older coins

    7 vote(s)
  7. Invest in stocks. Go tesla?

    1 vote(s)
  1. Beedles

    Beedles New Member

    Have 5k to invest, want to buy gold coins. Would it be better short term to buy the 1oz or 1/10 or the whole set 2021? I have health issues so may have to sell short term year or two. It would be my first gold coin coins. I was lucky and got both the ASE silver 2021, just waiting on shipping for the last one. Ty for any info you might have.
    Or am I better off buying a different coin{Gold}

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  3. Garlicus

    Garlicus Debt is dumb, cash is king. Supporter

    If you are looking to invest, don’t buy coins from the Mint.
    (unless it is an extremely limited coin, like the V75s)
    Beedles, Mr.Q, -jeffB and 5 others like this.
  4. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    If investing is your goal, I will echo @Garlicus and caution not to buy from the US mint. Their premiums will turn your investment into an immediate loss. Personally, I feel the pre-1933 US gold coins are the best value for your money right now. Many can be had near spot gold prices. I believe I saw a post in our sale section for some early US gold near spot.
    johnmilton, Garlicus, Beedles and 3 others like this.
  5. SensibleSal66

    SensibleSal66 Casual Collector / error expert "in Training "

    It's too bad you can't invest in longer than a Year . I foresee the price being about the same as now then explode - no where .
    Beedles, capthank and Inspector43 like this.
  6. Treashunt

    Treashunt The Other Frank

    nope, not an investment-- to me.
    Beedles and Inspector43 like this.
  7. medoraman

    medoraman Supporter! Supporter

    OP, I would echo two things people here are saying. One would not to buy direct from the mint. 95% or more drop on the aftermarket. Second, if you have to sell in a year or two don't buy gold. You have to pay for both the buying and selling premium, meaning most likely you will lose money. If you have such a short window, put it in someplace safe even if you do not make much interest. Better than losing money.

    Just my opinion. If you really feel you need this money in a year or two, coins or PM is not a great place to put it IMHO.
    Beedles and Randy Abercrombie like this.
  8. Jersey magic man

    Jersey magic man Supporter! Supporter

    For short term, where you know you will need the money in a year or two, I would recommend a Certificate of Deposit (CD) over precious metals. It is safe, will not garner a large return, but the money will be there when you need it. I believe all coin and precious metals are long term investments. It has been said on CT many times that in general, not many people ever make money collecting coins.
  9. Millard

    Millard Coindog

    I agree, and if you buy three CD's and stagger them by 30 days you will have pretty ready access. Otherwise put your money into a Mutual Fund that tracks the S&P 500 and let it ride.
    calcol and Beedles like this.
  10. Mr.Q

    Mr.Q Well-Known Member

    Invest in your health, pay it forward. Increase your health benefits through supplements to your SS Benefits. It may not be fun but it would certainly relieve some stress, and possibly give you peace of mind. Speak to family, friends, associates, local health benefit counselors, etc. Don't go it alone, seek help. Been there, done that. Be safe not sorry! Precious metals, NO.
    Beedles and Mountain Man like this.
  11. Jim Dale

    Jim Dale Well-Known Member

    As a collector and retired CPA, these gents and lasses are right on target. I wish you well.
    micbraun, Garlicus, Mr.Q and 2 others like this.
  12. Mountain Man

    Mountain Man Supporter! Supporter

    I've got to agree with @Jersey magic man. CDs would be a better investment. If I suspected my health would be short lived, I might take that one trip from my bucket list and to hell with investing.
  13. Blasty

    Blasty I love gooooold!

    As others have said, gold probably isn't a good short term investment. I'd recommend against getting in for that purpose as it may not work out.

    I don't consider gold an investment anyway. It's a form of savings and insurance against currency problems. It doesn't pay you interest or dividends for holding it like an investment, but should more or less preserve purchasing power over a long period.

    Gold is where you park your cash that you don't think you'll need for a very long time.
    Garlicus and Beedles like this.
  14. Beedles

    Beedles New Member

    Ty you all for the comments and Ideas. This is somewhat extra cash for me, I have a savings and a stock account. My health is bad and costs are ok now, just worried if something else goes wrong and I need to make a premium. I have also a about 1000oz of silver in coins worth a lot more. I just always wanted to own a gold coin so that plays into this for me. I live on strict budget and this money would be for gold{Fun} or another safety net{Security}. I have great credit high 770-800 floats and no debt other then car 5k that I keep for boosting my credit.
    Garlicus, Mr.Q and Randy Abercrombie like this.
  15. Jim Dale

    Jim Dale Well-Known Member

    Wow! Sold out in less than 10 minutes. All the suckers went for the 1 ounce, half ounce, and quarter ounce gold coins. I went for the 1/10th ounce and got it right away. After I got it, I looked at the others and they were REMIND ME or SOLD OUT. I got a receipt and everything. It did take a few seconds to access the Mint, but once I was on, it was clear sailing. Still... $315 for a tenth ounce of gold is a lot. However, my collection for gold for several years was the tenth ounce. I did buy the other size a few times. Best of luck to all.
    Beedles likes this.
  16. jwitten

    jwitten Well-Known Member

    For investment purposes, I like to find what is a good "flip". In other words, what dealers are offering to pay you to buy. The best bang for your buck on these coins was the 1/2 ounce, so that's what I went for. Then sell to the dealer means instant profit on your investment. Most coins are not good long term investments. Can they go up? Sure. But they can also go down.
    Beedles likes this.
  17. Mark Kerner

    Mark Kerner New Member

    I decided to collect the 1/4 oz gold Eagles. Was able to get one 2021 Type 1 and now the Type 2. Don’t think it’s worth going for the 1 oz. or the 1/2 oz. because of the markup. Does it pay to send these in for grading?
    Beedles likes this.
  18. KeyHunter

    KeyHunter Supporter! Supporter

    IF you want to hold physical gold there are better choices than over priced American Eagles. THAT said, I'm currently cherrypicking through the series and purchasing some older AE gold in various denominations with low mintages (Key dates) such as the burnished, unfinished proof die etc dates that are showing higher than spot/premium value w/numismatic interest. I did the same thing on verified-genuine (mint package) 1/2 oz China gold Pandas over the years, concentrating on key date/series, and realized this research and strategy has payoff or value/demand-holding potential.
    Mark Kerner likes this.
  19. Beedles

    Beedles New Member

    Argh! So I called today and finally got to talk to someone my coins are still in processing, they said my card had issues{it did not} and they ran it again supposedly went through. My bank shows the money gone so not sure what happened. My heart is going to break if they screw me.
  20. johnmilton

    johnmilton Well-Known Member

    I have done well with gold as a collector, but only because I have been buying it rather steadily for over 50 years. The current price, in the $1,800 per ounce range makes me nervous. Forty + years ago, it hit $850 and then fell to less than half that. It the current prices hold, inflation will probably be raging, and it will be hard to know where to put you money long term.

    I agree with the others. Don’t pay the mint’s excessive premiums if you decide to buy gold. Buy it from s reliable dealer.
    Beedles likes this.
  21. Jim Dale

    Jim Dale Well-Known Member

    I have a couple of 1 ounce, quarter ounce, and half ounce gold coins, but I decided they were to rich for me to buy them each year. I decided a few years that if I was dieing to have gold coins that I could get the tenth ounce gold coins. I got the Type 2 tenth ounce, so I guess I'm going to have to pay the piper if I really wanted the Type 1. I also missed out on getting the 2020 tenth ounce gold coin. If anyone know a good place to look for one. I want a proof coin, but not slabbed.
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