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<p>[QUOTE="Cloudsweeper99, post: 50052, member: 3011"]I'm new here and I need some help with a gold coin decision to get me on the right track. Last year, I purchased a number of ASEs and silver Maple Leafs as an investment and inflation hedge. I collected coins many many years ago, and the beauty of the new coins prompted me to get out my old "collection" (such as it is) and take a look at it again. This year, I wanted to buy a couple of gold coins for the same reason, but got to thinking that it might be a better idea to look into the $20 saints and liberty gold coins so that I have two ways to win -- on the price of gold and the natural scarcity of the coins. My initial thought was that for me, quantity was better than quality and that buying a coin in circulated condition for a small premium over the bullion content would allow me to enjoy the history, the hobby, and at the same time have a pretty nice investment. I went to three coin shops to look at the coins and talk to the dealers. To my surprise, two of the three pretty much agreed my plan was a mistake and that it would be better to pay up for quality even if it meant fewer coins (the third really didn't care). So now, thoroughly confused, here I am seeking opinions. What do you think? Is it better to pay up for that one special MS65 better date coin, or grab a couple of VF to AU types? I have no plans to resell the coins, and will probably keep them and eventually give them to my kids, so this is a long term decision. I apologize in advance if this has been addressed before, or if it is too basic. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 50052, member: 3011"]I'm new here and I need some help with a gold coin decision to get me on the right track. Last year, I purchased a number of ASEs and silver Maple Leafs as an investment and inflation hedge. I collected coins many many years ago, and the beauty of the new coins prompted me to get out my old "collection" (such as it is) and take a look at it again. This year, I wanted to buy a couple of gold coins for the same reason, but got to thinking that it might be a better idea to look into the $20 saints and liberty gold coins so that I have two ways to win -- on the price of gold and the natural scarcity of the coins. My initial thought was that for me, quantity was better than quality and that buying a coin in circulated condition for a small premium over the bullion content would allow me to enjoy the history, the hobby, and at the same time have a pretty nice investment. I went to three coin shops to look at the coins and talk to the dealers. To my surprise, two of the three pretty much agreed my plan was a mistake and that it would be better to pay up for quality even if it meant fewer coins (the third really didn't care). So now, thoroughly confused, here I am seeking opinions. What do you think? Is it better to pay up for that one special MS65 better date coin, or grab a couple of VF to AU types? I have no plans to resell the coins, and will probably keep them and eventually give them to my kids, so this is a long term decision. I apologize in advance if this has been addressed before, or if it is too basic. :)[/QUOTE]
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