Need Recommendations - Certified Gold

I have not yet put money in gold coins (all silver so far), but I want to start putting some serious investment money in certified pre-1933 gold, MS-64 or better. I would like to get some recommendations on, say, the top five coins in the <$10K range.

Also, how do values on investment grade gold coins change with spot prices, if at all? Have rare gold coin values increased during the gold price runup? That's actually one of my objectives -- to get away from spot price fluctuations and focus more on investment value.

 

Log in or Sign up to hide this ad.

MS64 and higher graded classic US gold has a stiff premium built into it and I would hesitate mightily about dipping my toe in this end of the pool unless I had the help of someone quite capable, honest and helpful. Presently, the premiums associated with these coins have been dropping for a bit, but they are still at historic highs.

 

Most coins are dropping , I just bought a 1917 PCGS MS-65-FH SLQ for $800 without buyers fee that I couldn't of touched for $1,375 a couple years ago , Listen to Doug .
Also $10,000 really can't buy investment grade US gold coin , foreign maybe , unless you can pick the under graded coins . JMHO
rzage

 

Thanks Doug and others -- all good, experienced advice. Essentially, I had already decided against investing in gold coins, but I wanted to find out if there was something I might be missing that would be reason to reconsider. I guess not.

I would have no reason to buy gold coins at current prices except for possible investment. As a collector, gold doesn't do much for me (except empty my wallet faster) that silver, commemoratives, ancients, or shipwreck coins don't already do. And I don't subscribe to the doomsday scenarios.

Since I enjoy coins and collecting, it would be nice to combine my hobby and my investing. However, it doesn't seem that it's a good idea.

As an afterthought, now that we've decided that coins are not good investment material, I wonder what alternatives have a better record -- stocks (no), real estate (no), forex (no), CDs (no), or antique guns (yes).

Antique gun values have increased steadly since the 1950s (higher rate than gold. And they are more fun to fondle than an 1854-O Double Eagle in a NCG plastic slab. Guess I'll be looking for more 1873 Winchester .44-40 saddle-ring carbines in fine condition. Or maybe a nice 1873 Springfield trapdoor 7th Cav carbine, or a good Civil War Spencer repeater.

 

My reply was not meant as a blanket statement against the investment of gold, it was merely meant as a warning to be wary of "investment grade" US gold as you had defined it. Truly, I like to put some of our money into gold and silver, but I buy this metal as close to bullion as possible and in the form of modern US commemoratives ($5 gold) or circulated coinage (90% silver). I viewed your original question regarding MS64 and higher graded classic gold as a distinctly different niche than a play on bullion.