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I don't get it (old gold coins vs. gold bullion)?
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<p>[QUOTE="GDJMSP, post: 3215113, member: 112"]Every time a thread like this comes up I feel like it's wise that I mention this. Or at least I try to remember to do so. </p><p><br /></p><p>While common date/mint US and world gold has pretty much always traded at spot plus a small percentage, one has to always to remember that there are just a mountain of fakes out there. And not just ordinary fakes, very good fakes. They'll be the right size, the right weight, the right fineness, and good enough to sometimes even fool the home mint into thinking they are genuine. But they are fakes all the same !</p><p><br /></p><p>Now if you are strictly a gold buyer, a bullion buyer, that won't or at least shouldn't matter to you. But if you are a coin buyer it will ! If you are gold buyer all you care about the amount of gold you are buying - and in that regard you still get your money's worth. But as a coin buyer the driving force, the thing you care about about, is having a genuine example of the coin you desire - not some fake.</p><p><br /></p><p>If you have any doubts about what I'm telling you here you need to remember a couple of things. Years ago, not only were there actual government mints counterfeiting the gold coins of other countries, back in the 60's and 70's there were also huge factories, mints, set up and built in the middle east that minted counterfeit gold coins from virtually every country in the world. They minted these counterfeits by the millions upon millions.</p><p><br /></p><p>So how do you combat this problem ? I mean if some of the fakes are good enough to fool the actual home mints - and yes that actually has happened, and some of them are even good enough to fool the TPGs - how can you, a collector, ever hope to recognize a fake when ya see one ? Well that's the thing - you can't ! But what you can do is this - only buy from trusted sources. In other words only buy from trusted and respected dealers. That way, if you ever do buy a fake, only to find out later that it is a fake, at least you can still return it for another example or get your money back.</p><p><br /></p><p>But if you buy from individuals or on ebay or blah blah blah - you don't stand a chance. The best you can hope for is to sell it for its gold content, and while that may be what it is supposed to be, it also may not be.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3215113, member: 112"]Every time a thread like this comes up I feel like it's wise that I mention this. Or at least I try to remember to do so. While common date/mint US and world gold has pretty much always traded at spot plus a small percentage, one has to always to remember that there are just a mountain of fakes out there. And not just ordinary fakes, very good fakes. They'll be the right size, the right weight, the right fineness, and good enough to sometimes even fool the home mint into thinking they are genuine. But they are fakes all the same ! Now if you are strictly a gold buyer, a bullion buyer, that won't or at least shouldn't matter to you. But if you are a coin buyer it will ! If you are gold buyer all you care about the amount of gold you are buying - and in that regard you still get your money's worth. But as a coin buyer the driving force, the thing you care about about, is having a genuine example of the coin you desire - not some fake. If you have any doubts about what I'm telling you here you need to remember a couple of things. Years ago, not only were there actual government mints counterfeiting the gold coins of other countries, back in the 60's and 70's there were also huge factories, mints, set up and built in the middle east that minted counterfeit gold coins from virtually every country in the world. They minted these counterfeits by the millions upon millions. So how do you combat this problem ? I mean if some of the fakes are good enough to fool the actual home mints - and yes that actually has happened, and some of them are even good enough to fool the TPGs - how can you, a collector, ever hope to recognize a fake when ya see one ? Well that's the thing - you can't ! But what you can do is this - only buy from trusted sources. In other words only buy from trusted and respected dealers. That way, if you ever do buy a fake, only to find out later that it is a fake, at least you can still return it for another example or get your money back. But if you buy from individuals or on ebay or blah blah blah - you don't stand a chance. The best you can hope for is to sell it for its gold content, and while that may be what it is supposed to be, it also may not be.[/QUOTE]
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I don't get it (old gold coins vs. gold bullion)?
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