Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Buying gold indians
>
Reply to Thread
Message:
<p>[QUOTE="flintcreek6412, post: 1838084, member: 61025"]So I'm back in the game after 30 years and want to get some gold I couldn't afford as a teenager. I find myself wavering trying to balance practicality and desire. It seems I can buy more types of coins in lower grades thus allowing me to collect more variety while keeping my "investment" closer to the spot price with less emphasis on the numismatic value. I'm really drawn to the Indian $5 and $10 and obviously the St Gaudens but also want some Liberty's.</p><p><br /></p><p>Yet at the same time I love the beauty of MS coins even though the common dates don't have any real return on investment. I do like the comfort of graded slabs knowing they are legit coins and problem free. Especially when I go to my local shop to look at loose coins that I know are real, but are they problem free? He shows me PCGS slabs that he sent in thinking they would come back MS63 and they get "detail" grades for either cleaned or scratches. For the life of me, I can't see anything indicative of cleaning but I guess it was. That starts to worry me about buying loose. And I look at the scratches that are very small and compare to "clean" slabbed coins online where I see much worse scratches. These "detail" coins are often very nice looking but now have a label attached to them.</p><p><br /></p><p>So then I start to strongly consider slabbed XF or AU and they are virtually non existent in common dates. So why don't people get lower graded gold slabbed? I see $85 Morgan common dates all over slabbed but not a $500-1500 gold XF or AU50 slabbed? </p><p><br /></p><p>Since I've decided to go with more variety in gold and not high grade what's the best route to pursue? Buy loose from the dealer that is trusted but maybe not the best coin grader in the world? Consider "genuine" or "detail" coins even though I personally would prefer a good VF over a cleaned MS63 yet at the same time a small scratch that does detract from the overall beauty doesn't bother me? Or keep looking for XF or AU slabs that seem to be rare or overpriced? If the later, any resource to locate such coins?</p><p><br /></p><p>Thanks for any help in advance.[/QUOTE]</p><p><br /></p>
[QUOTE="flintcreek6412, post: 1838084, member: 61025"]So I'm back in the game after 30 years and want to get some gold I couldn't afford as a teenager. I find myself wavering trying to balance practicality and desire. It seems I can buy more types of coins in lower grades thus allowing me to collect more variety while keeping my "investment" closer to the spot price with less emphasis on the numismatic value. I'm really drawn to the Indian $5 and $10 and obviously the St Gaudens but also want some Liberty's. Yet at the same time I love the beauty of MS coins even though the common dates don't have any real return on investment. I do like the comfort of graded slabs knowing they are legit coins and problem free. Especially when I go to my local shop to look at loose coins that I know are real, but are they problem free? He shows me PCGS slabs that he sent in thinking they would come back MS63 and they get "detail" grades for either cleaned or scratches. For the life of me, I can't see anything indicative of cleaning but I guess it was. That starts to worry me about buying loose. And I look at the scratches that are very small and compare to "clean" slabbed coins online where I see much worse scratches. These "detail" coins are often very nice looking but now have a label attached to them. So then I start to strongly consider slabbed XF or AU and they are virtually non existent in common dates. So why don't people get lower graded gold slabbed? I see $85 Morgan common dates all over slabbed but not a $500-1500 gold XF or AU50 slabbed? Since I've decided to go with more variety in gold and not high grade what's the best route to pursue? Buy loose from the dealer that is trusted but maybe not the best coin grader in the world? Consider "genuine" or "detail" coins even though I personally would prefer a good VF over a cleaned MS63 yet at the same time a small scratch that does detract from the overall beauty doesn't bother me? Or keep looking for XF or AU slabs that seem to be rare or overpriced? If the later, any resource to locate such coins? Thanks for any help in advance.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Buying gold indians
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...