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<p>[QUOTE=&quot;Cloudsweeper99, post: 50190, member: 3011&quot;]Thanks a lot for the replies. This is extremely helpful. Based on this discussion, I&#039;ll stick with third party graded coins. I never thought about foreign coins, but I guess that&#039;s another area to explore.&nbsp; I definitely prefer old to new, and something with low enough mintage that someday it might be more difficult to find. I&#039;m not overly concerned about the price of gold falling over the long run because of the natural inflation built into our monetary system.&nbsp; I had planned to minimize the numismatic risk by sticking to coins with a reasonably small premium over bullion value, but now I understand that there is no clear-cut right answer.&nbsp; I&#039;m a bit concerned with stereotyping.&nbsp; Gold investors are &quot;supposed to buy&quot; high grade common date gold coins. Collectors are &quot;supposed to build&quot; type sets or date and mint mark sets.&nbsp; The $20 coins seem to carry the smallest premium over bullion value, with some $10s a close second.&nbsp; I agree with the observations that this sort of thing lends itself to statistical analysis, which I don&#039;t have.&nbsp; For what it&#039;s worth, this is what I&#039;ve found out so far from reading.</p><p><br /></p><p>For a long time, common date uncirculated gold coins were priced around 48% over melt value.&nbsp; This old rule changed when gold went thorough the roof around 1980, but seems worth keeping in mind.</p><p><br /></p><p>MS63 $20 liberties have ranged from $385 to $1,600 since the mid 80s and are around $785 now.</p><p>MS63 $20 saints have ranged from $350 to $1,250 since the mid 80s and are around $650 now.</p><p><br /></p><p>Maybe I should buy one saint and one liberty and see where things go from there.&nbsp; Maybe it will turn into a type set.&nbsp; Maybe I&#039;ll mix a couple of lower quality coins with better coins. It seems that as long as you don&#039;t overpay, there&#039;s no such thing as &quot;bad gold.&quot; I&#039;m sure I&#039;ll run out of money before I run out of things to buy.[/QUOTE]</p><p><br /></p>

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