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<p>[QUOTE="flintcreek6412, post: 1913150, member: 61025"]Be very careful. I tip toed into my first gold purchase several months ago. With my limited knowledge I knew slabbed was the only way to go. I finally pulled the trigger on a $5 Indian in AU58. It was hard to spend that much on a coin. Once it arrived I was in heaven. But as human nature would have, it was not enough. This is where the be very careful advice comes in........... I then went crazy and bought a $1 type 2, $2.5 Lib and Indian, another $5 Indian and a $5 Lib. A $10 Lib and 2 $10 Indians as well as a $20 Lib and 2 St Gauden's. Yea, went a little crazy. I actually find the eye appeal of my AU58 St Gaudens better than my MS63 example. Yes I caught the gold bug. And my wife loves them too!! She saw no appeal to large cents or Morgans but loves the gold.</p><p><br /></p><p>Research, save, save, save, then research some more. Watch some auctions and get an idea of values then one day jump in head first. I would certainly go slabbed PCGS or NGC with your limited knowledge. I tried to compare lots of gold slabs and frankly I'm not good enough to go unslabbed, although I did pick up another $5 Indian and $10 Lib raw from a very trusted dealer. Got them in XF condition not much over spot price. Its fun to actually hold the coin. That $5 Indian might end up as a $335 ball marker in golf.</p><p><br /></p><p>Now I went away from the consensus around here and decided to stick with mostly AU and low MS grades in common dates. Once you get past MS63 I just couldn't justify the premiums. I still try to keep my coins tied to the spot price but that was my way to justify it as a hobby and investment(yeah right)......[/QUOTE]</p><p><br /></p>
[QUOTE="flintcreek6412, post: 1913150, member: 61025"]Be very careful. I tip toed into my first gold purchase several months ago. With my limited knowledge I knew slabbed was the only way to go. I finally pulled the trigger on a $5 Indian in AU58. It was hard to spend that much on a coin. Once it arrived I was in heaven. But as human nature would have, it was not enough. This is where the be very careful advice comes in........... I then went crazy and bought a $1 type 2, $2.5 Lib and Indian, another $5 Indian and a $5 Lib. A $10 Lib and 2 $10 Indians as well as a $20 Lib and 2 St Gauden's. Yea, went a little crazy. I actually find the eye appeal of my AU58 St Gaudens better than my MS63 example. Yes I caught the gold bug. And my wife loves them too!! She saw no appeal to large cents or Morgans but loves the gold. Research, save, save, save, then research some more. Watch some auctions and get an idea of values then one day jump in head first. I would certainly go slabbed PCGS or NGC with your limited knowledge. I tried to compare lots of gold slabs and frankly I'm not good enough to go unslabbed, although I did pick up another $5 Indian and $10 Lib raw from a very trusted dealer. Got them in XF condition not much over spot price. Its fun to actually hold the coin. That $5 Indian might end up as a $335 ball marker in golf. Now I went away from the consensus around here and decided to stick with mostly AU and low MS grades in common dates. Once you get past MS63 I just couldn't justify the premiums. I still try to keep my coins tied to the spot price but that was my way to justify it as a hobby and investment(yeah right)......[/QUOTE]
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