Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
If you were going to collect gold dollars....
>
Reply to Thread
Message:
<p>[QUOTE="The_Cave_Troll, post: 772764, member: 1674"]the problem with gold dollars is that they are so small. this makes grading more challenging and it severely limits the number of people who collect them, which accomplishes a couple of things. First it keeps prices down for coins that are fairly scarce (some of the dates), Also it limits the amount of substantive interaction you can have with others working on the same series as you. Finally in a thinner market like these are be aware that when you sell the coins you will likely have a greater buy/sell spread to overcome to break even as the dealer will buy them from you knowing that they will be inventory he carries for some time before selling the coins.</p><p><br /></p><p>Also I know of no dealers who specialize in gold dollars so the search may become challenging.</p><p><br /></p><p>A tough set with some major pitfalls (and some tremendous stoppers if you do the full set), but an interesting one if completed.</p><p><br /></p><p>These coins tend to be unattractive and you should probably avoid the lower mintstate coins. Either shoot for 64 and up or for AU's. The problem with AU coins is that the later dates didn't really circulate at all and nice problem free circ coins are tough.</p><p><br /></p><p>Good luck![/QUOTE]</p><p><br /></p>
[QUOTE="The_Cave_Troll, post: 772764, member: 1674"]the problem with gold dollars is that they are so small. this makes grading more challenging and it severely limits the number of people who collect them, which accomplishes a couple of things. First it keeps prices down for coins that are fairly scarce (some of the dates), Also it limits the amount of substantive interaction you can have with others working on the same series as you. Finally in a thinner market like these are be aware that when you sell the coins you will likely have a greater buy/sell spread to overcome to break even as the dealer will buy them from you knowing that they will be inventory he carries for some time before selling the coins. Also I know of no dealers who specialize in gold dollars so the search may become challenging. A tough set with some major pitfalls (and some tremendous stoppers if you do the full set), but an interesting one if completed. These coins tend to be unattractive and you should probably avoid the lower mintstate coins. Either shoot for 64 and up or for AU's. The problem with AU coins is that the later dates didn't really circulate at all and nice problem free circ coins are tough. Good luck![/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
If you were going to collect gold dollars....
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...