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$5 gold commemoratives; should I buy?
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<p>[QUOTE="corbin512, post: 2888269, member: 90689"]Hello,</p><p>I've been buying silver bullion for a couple of years and have recently started buying gold bullion (mostly US and Canadian bullion coins in gold and silver). A family member has offered to sell me his $5 gold US commemorative coins (90% gold) for the cost of the gold content of the coins; no added premium.</p><p>I've been reading online and I'm getting mixed answers as to this being a good investment. </p><p>My concern is that I'm reading that the $5 commemoratives are not IRA eligible where as all my others coins are, does that not make them a good investment? Another question I have is would I be able to sell the $5 commemoratives for their gold value to a dealer or will they give me less since they only come with a COA telling the weight and metal content as opposed to bullion coins which say it on the coin itself?</p><p>I'd appreciate any feedback, thank you!</p><p><br /></p><p>FYI, he is trying to sell me the Jamestown, 2008 Bald Eagle, and 1987 constitution $5 gold coins.[/QUOTE]</p><p><br /></p>
[QUOTE="corbin512, post: 2888269, member: 90689"]Hello, I've been buying silver bullion for a couple of years and have recently started buying gold bullion (mostly US and Canadian bullion coins in gold and silver). A family member has offered to sell me his $5 gold US commemorative coins (90% gold) for the cost of the gold content of the coins; no added premium. I've been reading online and I'm getting mixed answers as to this being a good investment. My concern is that I'm reading that the $5 commemoratives are not IRA eligible where as all my others coins are, does that not make them a good investment? Another question I have is would I be able to sell the $5 commemoratives for their gold value to a dealer or will they give me less since they only come with a COA telling the weight and metal content as opposed to bullion coins which say it on the coin itself? I'd appreciate any feedback, thank you! FYI, he is trying to sell me the Jamestown, 2008 Bald Eagle, and 1987 constitution $5 gold coins.[/QUOTE]
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