how many of you own gold coins?

I sold most of mine but still have 8 Double Eagles, 3 Eagles, 3 Half Eagles, 2 Quarter Eagles and 2 Gold Dollars. I wish I had kept more!

 

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I have one $5 AGE! I prefer Silver bullion, and collect early 20th century!

 

This is a pic of a proof I bought recently. Nothing special but a bit scarce here in the states! I've sold more gold than I currently own but I've put the brakes on that kind of thinking and now I'm in for the long haul. Unless I get top dollar!

- 1 ducat Kennedy 1963

 

I have a few that were mainly purchased in 08. People that have any are few and far between.
Don't really know where this story is going now. I've tried to forget about the squandered opportunities of 2000 and 2001. Purchased a few things in 08-09. Look back now at how much melt value has already increased on everything since then (silver and gold) and it's simply amazing.
800/oz is looking so cheap now. Everybody thought that was insane a very short time ago. It's going out of control now.

Silver has huge upside. Gold seems to be a high risk/high reward gamble. Nothing would surprise me from here on out. On one hand, I could see it come crashing down if the economy somehow finds a way to stabilize again and there isn't so much panic. You just don't know how many new buyers are in the market right now that have never been there before. The problem is, we haven't been able to actually see what would happen with gold during a recovery in the past 10 years because we haven't had one to experience!
On the other hand, things could get worse. It's easier for problems to continue than it is for everything to be solved. Interest rates continue to go lower and there's no end in sight for how much money the government will create out of thin air going forward. We know that will not end. That is a given. So in that sense, you can't lose buying anything tangible. It will pay off with time. Relatively short time at the rate we're going.

The $250 you had in your pocket in 2001 is the same $250 you have today. Only you could buy an ounce worth back then. Now you can't even get 1/5th of an ounce with it. That's what scares me. Hasn't even been 10 years. What happens in another 10 years? $5k gold? We've seen a 550% increase over 9 years. Why not? This coincides with record deficit spending that the US has never seen before. 1 trillion a year now. People fail to understand this. (Keep in mind 3 to 400 billion record deficits were a big deal in the mid 2000's, but that's a distant memory now. Now that would be cheap and almost successful management.)

People just think all this will magically go away, a new 90s will begin, everything will be great and the slate will be wiped clean. Unfortunately, we can't go back. There's been irrepairable damage done.
You could wait and see gold hit $2000+ next year. The buying power of everybody's beloved cash is evaporating before our eyes. It's a sad thing to say but seems rather obvious at this point.

 

Hey Pennyman, your modesty becomes you. That gold type set is just beautiful. What a wonderful accomplishment.
Hmmm, Pennyman, somehow the name should be a little bit different. LOL.

 

Having been through the boom and bust of commodities before, I decided to divest myself of my gold and a substantial portion of my silver. It's always better to take your profits BEFORE the cycle turns. When does the cycle turn? Historically just after EVERYBODY finally decides to follow the early birds. The last ones in ALWAYS lose to the early birds.

This applies to all investments including Dot.com, Real Estate and Stocks. Anything can be overpriced, no matter what the underlying value.

ps As the value of dollars fall when hyperinflation does hit, having a commodity priced in dollars may look like a great investment, but only if those dollars have value. You can't eat gold and at that point we're looking at seeds and bullets as the essential commodities, not gold.

 

Sounds to me like a melt up is in the making!! Anyone else see that this financial krap hole is gonna be tough to crawl out of??

 

I bought ten American Eagle 1 ounce gold coins at about $275 each back in 2001. I now wish I had bought a couple of hundred, which would have been about all I could have afforded then. I also have a half dozen PCGS and NGC slabbed MS 62-64 St. Gaudens and $20 Liberty's.

But I own a LOT more silver coins than gold. In addition to the usual American Eagle silver coins in UNC and Proof, several years ago I stocked up rolls of BU and Gem Franklins, Mercury dimes, and pre-64 Kennedys and Washington quarters. I bought just about as many as I could afford over a period of about five years. I also have a few rolls of BU Morgans, BU Peace Dollars, and BU Walking Libertys. All of these rolls are "same year and MM" rolls. Some are stashed in the safe, and others in the Safety Deposit box.

Lately I have been thinking it is time to cash these all out and take the profits.

 

Only have 2. A 2006 Proof Buffalo and an 08 MS64 St. Gaudens.

 

One of these; that way I get into Gold & Platinum

 

im keeping a little gold in my collection because i love some of the designs. a 1910 D st gaudens and 2 indian quarter eagles 1908 & 1925 D.

 

I have seven gold coins in total, five early proof modern USA commemoratives, two AGE tenth-ounce proofs and a proof Can$100 commemorative gold piece for the patriation of the constitution in 1982.

 

Thanks zeke, My main focus on on US cents and two cents, hence the PennyGuy name. The gold and Century type sets (couyldn't bear to part with them) stayed when the nickels through dollar sets were sold.

 

PennyGuy, sorry for the misnomer, seems to me you made the right decision/s. I know it is hard to sell anything you have put lots of time and effort into. When I did the 1854-D $3 coin and 1854 $2 1/2 and the 1853 $1 gold coin for my friend, it was hard giving them back to him after so many hours of checking and double checking every diagnotistic I could find. But I was happy for him and his wife and daughters who will someday benefit. They are not numistmatists or coin collectors either. They just got very lucky when his father- inlaw handed they down some years ago. I still can not beleive he never told them how valuable they were or anything about them. . Thanks for letting blab this out but it seemed like you were the right guy to tell this to.-----zeke

 

none here.

 

I`m really big on silver, but I do have a little gold. I really want to get an Indian Head $10 piece though....it`s by far one of my favorite designs of any coin.

 

Any pics of the double eagles?

 

I have a 1914 s Double Eagle, Nice coin, but fairly common date. I plan on purchasing more, but gold is at an all time high and I'm bullish on silver. This time next year, I think people will look back on $24.34 oz silver as a bargain.

 

Once in a while I wholeheartedly agree with someone regarding their opinion on investments....this happens to be one of them.

 

the only Gold I own is in the form of a Gold Bar! it's HUGE at an entire 1 gram
here's a link to the type I got...

http://cgi.ebay.com/1-G-Gr-Gram-999...200?pt=LH_DefaultDomain_0&hash=item2a0b2abef0

no gold coins and I'm not of a silver bug I like being able to own 40-50 coins for $1,000 then having a few for the same cash