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Message:: [QUOTE="World Colonial, post: 2462946, member: 78153"]Yours is a reasonable approach.  The challenge is that it is necessary to correctly anticipate both the trend in the gold price and the changes in the premiums of these (or other substitutes).  Like many others, I have thought about doing this in the past with generic common dates (Indian Head or Saints) in MS-63 or MS64 but have never actually tracked the premiums or prices over time because it doesn't really interest me. From posts on coin forums, it is my understanding that the premiums on at least some of these coins (such as MS-64 Saints) are (and maybe recently have been) low.  But if this is true, my opinion of the gold price is not positive in the intermediate term, though it is short term and longer term. I consider gold to be in a correction of the decline from the $1921 peak but expect it to later sell for less than its recent $1046 (I believe) before it sustains an advance. On a similar theme, I have also thought about buying one or a few high AU Territorial $20's.  Not really for "investment but that the downside also seems relatively limited.  The prices seem to fall less than bullion but also don't seem to increase as much, presumably because the collector demand is substantial.  I have never done it though and probably won't because I'd rather own other coins and for "investment", think bullion is a better value.[/QUOTE]