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So I inherited $5000 and I want to buy silver and gold coins... what would you recommend?
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<p>[QUOTE="medoraman, post: 2177681, member: 26302"]Btw, to answer the OP directly, I would lean towards a mix of gold and silver, and concentrate on recognizable bullion coins. I would say one or two AGE one ouncers, along with either ASE or Maple leaf's, or possibly junk US silver. These are the easiest to move and verify authenticity when it comes time to sell. This is if you are simply interested in the investment aspect of buying pm.</p><p> </p><p>Want another suggestion? "Collect" them. Start a "collection" of pm coins, but creating a HARD limit on premium over spot. I have done this for my three year old. Every time I go to a coin show I buy him at least one silver one ounce coin. However, I ONLY ever spend $5 over melt for the coin, never a cent more. This way he enjoys the pretty silver coins, he gets the happiness of owning coins he likes, and we build up a base of silver ownership at a very reasonable cost. I consider the "collecting" aspect of it to be a winner in two ways. One, he gets an immediate return from the investment in the form of collecting enjoyment. Second, some of them do tend to appreciate as a collectible more than bullion, but my price paid is low enough I do not have to count on that for the investment return.</p><p> </p><p>So that is my suggestion sir. My only other comment would be if you pursue this course you need to be very firm with yourself on the premium cap. WAY too many people SAY they are only buying the coins for the pm value, but then talk themselves into huge premiums. Paying a huge premium is fine if you are a collector, but if you are pursuing it as a duel track a huge premium complete negates the bullion investing aspect of this plan.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2177681, member: 26302"]Btw, to answer the OP directly, I would lean towards a mix of gold and silver, and concentrate on recognizable bullion coins. I would say one or two AGE one ouncers, along with either ASE or Maple leaf's, or possibly junk US silver. These are the easiest to move and verify authenticity when it comes time to sell. This is if you are simply interested in the investment aspect of buying pm. Want another suggestion? "Collect" them. Start a "collection" of pm coins, but creating a HARD limit on premium over spot. I have done this for my three year old. Every time I go to a coin show I buy him at least one silver one ounce coin. However, I ONLY ever spend $5 over melt for the coin, never a cent more. This way he enjoys the pretty silver coins, he gets the happiness of owning coins he likes, and we build up a base of silver ownership at a very reasonable cost. I consider the "collecting" aspect of it to be a winner in two ways. One, he gets an immediate return from the investment in the form of collecting enjoyment. Second, some of them do tend to appreciate as a collectible more than bullion, but my price paid is low enough I do not have to count on that for the investment return. So that is my suggestion sir. My only other comment would be if you pursue this course you need to be very firm with yourself on the premium cap. WAY too many people SAY they are only buying the coins for the pm value, but then talk themselves into huge premiums. Paying a huge premium is fine if you are a collector, but if you are pursuing it as a duel track a huge premium complete negates the bullion investing aspect of this plan.[/QUOTE]
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So I inherited $5000 and I want to buy silver and gold coins... what would you recommend?
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