Hi, all. I've decided that I would like to start adding some gold to my collection. Until now, I've mainly focused on American silver issues, with a smattering of ancients. Gold is beautiful, but it's also expensive, so I want to dip my toes in the pool, so to speak. I'd like to start with something small, and something modern. I'm leaning toward a 2007 quarter-eagle. I'm aware, of course, that folks are mighty opinionated on questions of aesthetics, and about the quality of modern american coinage generally. Leaving those debates aside, though, my question for everyone is this: from a value perspective, am I better off going with a proof coin or an uncirculated coin? or in the alternative, would i be better off waiting for the elusive buffalo fractional? Thanks in advance for your help. V.
If it were me I would lean towards an American (Liberty Head) Half-eagle. Not only would you end up with about a 1/4 oz of Au, but you'd get a coin with a little history. If this is not your cup-of-tea then try looking at a Canadian 1/4 oz Maple Leaf, .9999% GOLD... Take Care Ben
from the cost perspective, the bullion golds sold to dealers who then sell to us, would be cheaper - just over the spot on Gold.. proofs have a premium attached. i would pey the premium and get the proof... that mirrored finish cant be beat on them gold coins!!!!
For a really really cheap way to own US gold, Look into the cheap $5 gold commemoratives such as the 1987 Constitution coin. I have sold a few of these on ebay over the last couple years, and I barely got bullion value for them.. And these were in NGC and PCGS MS69 and PF69 holders..... I quit selling them (I have 8 or 10 left) not including the 4 I have in (2) 4 pc Mahogany Constitution Mint Sets because they don`t sell for more than bullion value. Past years AGE coins are usually at a premium, just because so many people collect the AGE as well as the ASE. Perhaps this alone might be a reason to buy American Gold Eagles for the upside. BUT Really cheap $5 Gold commemoratives can be found for around bullion value.
Howdy!! Well lets just say that I am partial to the AGE series. I actually own all the uncirculated coins in all denomination except the 1 ounce. I only need 9 more 1 ounce coins to have the entire series!! I have 40% of the proof AGE and still adding when I can. Take a look at whats out there before you buy! Decide on a denomination and style and go for it. Best of all...find a Dealer that you trust until you gain enough knowledge to grade the series that you have stuided so much about! Good luck and post some pics...:thumb: :thumb: RickieB
Have you thought about buying a 1/10 Krugerrand to add into your collection? I bought 2 of them a few years back & still have them. Aidan.
Wow, thanks for all of the good advice! Bonedigger -- ha! If i could afford 24k gold, I wouldn't need to ask for advice! I like your take on the the 1/2 eagles, though. bz and bq, I hadn't thought of modern commems, but that's a great idea. Keeping my eyes peeled to see if I can't dig up some deals. rickie, if you have any surplus AGEs that you'd like to gift me, I'd be happy to accomodate you. Aidan, I've poked around at a number of the "foreign" bullion offers, but am uncertain about the best means to acquire them. I actually just signed on for my first Britannia silver through the RM's website, but a number of the other big guns are difficult to figure out. Don't get me started, for instance, about australia's setup -- two mints?! Confusing. Any suggestion about the best online venue for picking up some 'rands? V.
Purely from a value perspective, you can go a couple of ways. You can buy older gold from the US or other countries for little over spot and you can do it with coins from today or coins from 200 yrs ago - strictly your choice. So which appeals to you more ?
Do not pay much over the spot price of gold unless your looking for low mintage or key dates. The new stuff is shiney and nearly mark free + there are some nice designs but the old gold is part of any countrys foundation and tells a little something about our history. I don't think there is a bad choice, unless you overpay. Chuck
