Hi I bumped into post on Wirtland gold coin in this forum and got interested. The 1/10 oz 24 carat coin "Wirtland Crane" (produced by Daniel Carr) is offered online at $135, which is 15$ cheaper than Maple Leaf of similar size/weight. Can this be a good investment? Where's the catch?? Would be thankful for all expert opinions... Some info I've googled out: http://www.coinbooks.or/club_nbs_esylum_v12n40.html#article25
Its a nice looking coin maybe get 1 if you like it so much but for investment purposes I would go with a real Govt issued bullion or bars from recognized brands
But why, what's the difference? What's the risk if I invest in Carr's gold, isn't it the same quality of product as govt-issued coin?
If you don't know the answer to your own question with certainty, then you haven't done enough research to buy the coin.
The issue is that you need to have a place to sell it when you want to cash in. Lots of places have advertised buy prices for coins like the gold Eagle. An off brand could be perfectly good and still result in a blank stare when you try to sell it.
I see. But why in the world wouldn't they buy, if Wirtland coins have same weight and quality as Eagles or Maple Leafs? Are they prohibited from dealing in non-govt coins, by law or smth? :goof:
It's just like the world of guitars, t-shirts or jeans. It's name brand recognition, that's my thought. :kewl:
Sorry, can't agree. Brand recognition is fine, but gold is always gold. The keyword is that gold is measurable. In my view, if a shop refuses to buy coins like "Cranes" it simply looses business. Or maybe there are other reasons why Wirtland coins are less "liquid" than brand name coins?
