how many of you own gold coins?

i've been hearing on the news that despite gold's run to over $1300 an ounce, very few americans own gold coins or bullion coins.

just curious since i would guess that coin collectors would tend to own more gold coins that average americans, how many of you own a gold coin or bullion coin?

are americans owning gold coins really that rare of an occurance?

it's interesting but as far as I know i am the only one of my friends or relatives that own a gold coin.

 

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it's interesting but as far as I know i am the only one of my friends or relatives that own a gold coin.

 

Same here. I dont believe that anybody else in my family owns one...

 

Most Americans have dept and expenses and speculating on gold is the least of their concerns. Most will also think about buying depreciating assets or other items and activities which don't bear fruit.

 

My ex-wife stole all of mine, and some other nice pieces. Its all in court now.

 

sorry to hear that ...

that would make me want to nab some chinese counterfeits to hand over then later cry "i was ripped off!"

although then one would have to watch out for bad karma (or the feds!)
​

 

I own 2 gold coins, would love to have more but I cant justify paying a few hundred for one coin when I can get 6 or more of some other coins for the same price.

 

I own some but would agree most Americans do not own gold coins or any type of 24 karat gold. Most US gold is low quality jewelry. Overseas it is different and almost every one of my wifes relatives own lots of 24 karat gold jewelry, as it is an accepted method of storing value there. We have quite a few ounces of 24 karat gold jelwelry and I own some "junk" gold coins. I also own some ancient gold coins, which I do not really count. I mean, who is going to melt down Greek, Roman, or Byzantine gold coins for metal value?

 

I own gold coins. Interestingly enough, when our family inherited my grandfathers gold coins, most of my extended family went out and cashed theirs out immediately, some used it for home improvements, some bought cars, some just wanted the cash. Gold was about $400 per oz then.

But it goes to illustrate the point that many, if not most Americans would just as soon have cash. They don't see gold as a monetary asset, that has the potential to appreciate. Or depreciate, although in the last 6 to 7 years it's been all appreciation.

I've added some to my gold collection over the years, but not as much as I could have, since the high cost of gold coins creates a bit of a barrier to buying more. In retrospect, if I was after pure financial gain, I should have dumped all the money I've spent on Morgan Dollars and various other US coins into gold. But I enjoy collecting all the other coins too much to limit my collecting to just gold coins.

 

I have a modest collection of them. I suspect that if I were not a coin collector, I would probably not own them. I'd have my money tied up in something else.

It's kind of a bummer that the price of them went up so high. When I first started collecting gold, I used to be able to purchase a half eagle in decent shape for around $130-$150. Now it looks like they go for $360+.

I can't get myself to commit that kind of money to them because I can't fathom the though of putting that much money into them and then seeing the price drop back down to where it was. I do realize that it's the opinion of many that gold will never go down that low again, but you never know.

 

People think its easy to profit from PM increases being a coin collector. In reality it isn't because of what you say here. Collectors do not just want junk coins that will increase with metal values, we want collectible coins that usually are worth more than PM value. I have some junk, but a lot of it I bought "better" junk that I would feel bad selling for silver or gold value. Collectors have a way of buying better stuff, and not have as much "junk" metal around as you would think we would. A lot of my "junk" gold is low mintage, circulated 5 and 10's bought for melt but with mintages less than 30,000. I like them, that is why I bought them, so I am not likely to sell them even if gold rises to $2,000 an ounce.

 

None...no gold coins and maybe 1 ASE.....I prefer Morgans

 

Wrong time to get in it now. I suppose it's on the high end although I have been hearing that for a while. Nope, gold is not in my collection.

 

No gold. Its a bit out of my budget. One ASE though (and my grandpa bought me that one).

 

11-half eagles,1- eagle,6- 1oz Canadian maple leafs,5 assorted gold commems.
1-2 1/2 gram assay bar

 

I don't do gold, but a lady tried to give me 2 goldies. $1 & $2 1/2 pieces, she thought they were foreign coins, but I made her day...

 

I've got a 12 piece U.S. Gold Type set I put together quite a few years ago. Nothing in bullion.

 

PennyGuy, would love to see a picture of that if it's handy. I love looking at type collections.

 

Here is a link to a gallery with the set, stop by and take a look
http://www.numissociety.com/album.php?albumid=7

 

While I agree that in general, owning a gold coin is a rare occurrence, the same cannot be said for this forum.

I own gold in bullion, generic, and collector coin form.

Personally, I was a buyer of gold from 2004 through 2008. Moved some gold into Platinum when they inverted. Since then I've been sitting on my holdings and waiting for a sell signal.