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Local coin show this weekend (buy gold?)
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<p>[QUOTE="Doc J, post: 3131031, member: 29599"]It's actually what I call "hobby cash". <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>Early in my hobby: I meet a coin dealer that stated that he didn't inventory gold coins due to the small profit margins, and the market can go against him.</p><p><br /></p><p>I get his thinking now as gold has been up and down but still in the same range for 3 years.</p><p><br /></p><p>I did buy Panda's (1988) and Krugerrand's (1975-1978):</p><p><img src="http://i27.photobucket.com/albums/c154/95CobraR/001_2.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>The profit margin on gold coins is very small. Like you say, I am now all over Saint Gaudens (marked $20 for new guys but around 97% gold). And, it is certainly the most beautiful coin every made.</p><p><br /></p><p>I am about 10% of hobby cash in Morgan Dollar's (90% silver). I love the design, but the mark-up's worry me. So, I go slow here.[/QUOTE]</p><p><br /></p>
[QUOTE="Doc J, post: 3131031, member: 29599"]It's actually what I call "hobby cash". :D Early in my hobby: I meet a coin dealer that stated that he didn't inventory gold coins due to the small profit margins, and the market can go against him. I get his thinking now as gold has been up and down but still in the same range for 3 years. I did buy Panda's (1988) and Krugerrand's (1975-1978): [IMG]http://i27.photobucket.com/albums/c154/95CobraR/001_2.jpg[/IMG] The profit margin on gold coins is very small. Like you say, I am now all over Saint Gaudens (marked $20 for new guys but around 97% gold). And, it is certainly the most beautiful coin every made. I am about 10% of hobby cash in Morgan Dollar's (90% silver). I love the design, but the mark-up's worry me. So, I go slow here.[/QUOTE]
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