Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
Is This a Bad Way to Buy a Gold Coin?
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 2952628, member: 112"]That's about all it should be for anything up to and including MS63 for basically any generic gold coin. What's a generic gold coin ? Most of them are really. And it doesn't matter much which country, US, France, Germany, England, Spain, Italy - the list goes on and on. And if you're patient, and look, you can find them for that.</p><p><br /></p><p><br /></p><p><br /></p><p>While I understand your concern here's the thing as I see it. In today's world most of these coins graded as 60, 61, 62, and 63 - well they really aren't. Most of them are AU to begin with. Sure once in a while you can find one that's graded accurately, more so among the world examples than the US examples. But most of the time they're not really MS. So how do you deal with that situation ?</p><p><br /></p><p>If it were me, I'd go to shops and simply look for one. Then you can see for yourself the condition of the coin. But if that wasn't an option, I'd find a dealer I trust, tell him what I want, and let him go get it for me.</p><p><br /></p><p>All of these kind of coins are common, they're easy to find and just about everybody has some, raw and or slabbed, in varying grades from XF to MS63. And none of them, excepting certain date and mm combinations, are worth more than spot plus a small percentage.</p><p><br /></p><p>To be honest with you, I used to buy these kinds of coins for less than spot on a regular basis simply by being patient and waiting for somebody looking to clear them out of their inventory. And given the current gold market I see no reason that cannot still be done.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2952628, member: 112"]That's about all it should be for anything up to and including MS63 for basically any generic gold coin. What's a generic gold coin ? Most of them are really. And it doesn't matter much which country, US, France, Germany, England, Spain, Italy - the list goes on and on. And if you're patient, and look, you can find them for that. While I understand your concern here's the thing as I see it. In today's world most of these coins graded as 60, 61, 62, and 63 - well they really aren't. Most of them are AU to begin with. Sure once in a while you can find one that's graded accurately, more so among the world examples than the US examples. But most of the time they're not really MS. So how do you deal with that situation ? If it were me, I'd go to shops and simply look for one. Then you can see for yourself the condition of the coin. But if that wasn't an option, I'd find a dealer I trust, tell him what I want, and let him go get it for me. All of these kind of coins are common, they're easy to find and just about everybody has some, raw and or slabbed, in varying grades from XF to MS63. And none of them, excepting certain date and mm combinations, are worth more than spot plus a small percentage. To be honest with you, I used to buy these kinds of coins for less than spot on a regular basis simply by being patient and waiting for somebody looking to clear them out of their inventory. And given the current gold market I see no reason that cannot still be done.[/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
>
World Coins
>
Is This a Bad Way to Buy a Gold Coin?
>
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...