So, I've been avoiding silver since the silver squeezers inflated the price. I would like to buy one gold coin before the next $3 trillion planned stimulus (to destroy the dollar). If you could buy only one gold coin, what would it be and why?
Do you care more about liquidity or a coin which is historically interesting? UK sovereigns and US gold are relatively easy to sell later. More obscure stuff is more fun, and not always much over metal value. If inflation is your main concern, stocks and real estate are generally considered to be inflation resistant. Gold does not tend to appreciate much over inflation, and can have alarming price swings. Not trying to discourage you--pick something which will make you happy to own!
Beautiful coin Sal, I was bidding on one last week sometime but they're still selling for way too much money for my budget. No surprise as they definitely had a low mintage back in 2008. I'll choose a King Louis coin, not this one but it's the first pic I could find. This one looks cleaned, so I don't want it but I want one like it!
It would really depend on my budget. $220 buys a modern 1/10 ounce gold eagle, $250 = older gold dollar, $400= pre 1933 gold 2 1/2 dollar, $500= 1/4 oz AGE or a $5 gold coin, $1,00 buys a 1/2 oz AGE or a $10 really nice eagle and $2,000 buys an ounce of gold in many different forms. That being said I'd start a type set of pre 33 American gold coins.
You didn’t say if you were looking for an investment piece or something that is more cool then bullion to look at..LOL
Also I would not recommend buying anything graded especially bullion as the premiums are very difficult to get back.
I agree with you about graded bullion. But I do think some of the graded gold numismatic stuff is OK too. Because it does have that numismatic value in addition to the gold value. Back in 2015 I bought my first gold purchase when I bought a PCGS MS63 1932 $10 Indian Head Gold Eagle for $840. Now I could easily sell it at a profit since APMEX is paying $1,000 for MS63 $10 Indian Head Gold Eagles. I know it doesn’t always work out that way but I still think numismatically valued graded gold coins can be a good buy.
Easy explanation, Gold was most likely lower at that time, since it has risen in per OZ cost, you will see an appreciation based on the content not really on the coin.
Depends on your budget. If you just want to hold some gold I would stick with better bullion (AGE, Maple Leafs, Kuurgrands). What something historic ? Sovereign and pre-33 American gold are nice. Both of these should be fine to buy ungraded but from a good dealer
I own a good number of gold coins. The gold Libertad is my favorite. Why? because of it's beauty and simplicity. It's bullion and it's graded.
Don’t know your budget. Pre-33 gold has the tangible gold value as well as the historical numismatic value. If your budget allows, you can never go wrong with a St Gaudens double eagle.
I don't own much Gold, as I collected mostly silver in the past..however for me (living in USA) its either an AGE or Maple. I have a Buffalo and an AGE, next up for me when I can afford it - is a fractional maple.
AGEs are great because you can get a premium on them. For example: Vermillion Enterprises in Spring Hills, Florida pays spot + $55 for 1ozt American Gold Eagles if they are in BU condition still. They also pay spot + $2 for American Silver Eagles if they are in BU condition. That’s what I like about the US Mint bullion.
This is NOT POLITICAL ... Just FUNNY. The first 2 were sent to me for some goofy reason. I called them up and said I wasn't paying and if they wanted them back they would have to send me a pre-paid postage sticker. The guy told me to just keep them and he cleared any account. They are both marked and tagged as "COPY" and "REPLICA". The other coin is just something I picked up for future memorabilia. Kinda like an "I Like IKE" button. I have NO political interest here. ... JUST FOR FUN. Anyway ... they're all claimed as "GOLD". LOL.