Reply to Thread

Message:: [QUOTE="GoldFinger1969, post: 3871063, member: 73489"]First, welcome.  I though Tough meant no offense, he just was trying to avoid a potential problem.  You certainly do not want to LOSE money and lose money QUICKLY by buying into an inflated coin asset or period.  If you intend to dollar-cost average yearly by setting aside a fixed amount every year, that's another thing. In addition to The RedBook, you will want to buy A GUIDE BOOK TO DOUBLE EAGLE GOLD COINS and A HANDBOOK OF 20TH CENTURY UNITED STATES GOLD COINS 1907-1933. Both indispensable, especially for Liberty DE's and Saint Gaudens. Scan the threads here...ask questions...we're here to help.  Just try and be specific. It would also help us to know WHICH specific coins you have now and which you are looking at (year, mint, grade, and maybe $$$ value you want to spend up to). Good question...if I had $10,000 and was just starting out accumulating (as I believe you are, with limited inventory), I'd look at the following:<ul> <li>A 1924 and/or 1927 Saint in MS-65 grades.  2 generic commons that don't sell for huge premiums over melt.  If you cut out other coin choices, you might be able to stretch to MS-66 for 1 or both of these coins.</li> <li>Some Indian Heads, not my area of expertise so I'll let others chime in what years and coins to consider.</li> <li>A Liberty DE in AU-58 from a year where the premium to gold is not excessive.</li> <li>Some Morgan Silver Dollars, maybe Carson City's, that will run $200-$800 in MS65-67 grades.</li> </ul>That's what I would use as a starting template.  Good Luck...and get those books ![/QUOTE]

Log in or Sign up

Reply to Thread

Useful Searches