Thinking about buying my first gold coin

You can get old pre-1900 European gold in mint state or close to it for spot+10% or so.

 

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Hi Fall Guy,

Good decision and even better that you're doing your homework.

Buy what you like at the best price. Here's a list from my local shop showing their premiums. Note that a 1/10 has a premium of 14% vs. 12 for a 1/4 and 5 for a 1.

http://www.libertycoinservice.com/images/stories/offersandquotes/daily_quotes.pdf

If you're mostly buying it as a bullion speculation, I'd go with MS but raw. For biz strikes, this is most common from your larger dealers. You buy a tube of eagles and they're BU. feh. If you want MS-65 buy a slab.

Now if you want to collect or at least stash it away as more of an investment, then consider proof issues. They're prettier. Or slabs but not of modern stuff. Just watch the premiums. You can pay an enormous markup for an MS-70 coin that is not only hard to recover, but the extra cost gives you less leverage over the long term.

I like to buy my bullion as a collector might. For example, I like silver crowns - both modern and older. I've got a set of Eagles, but also of Maple Leafs and am working on Libertads, Brits, Pandas and the Aussie stuff. With the older crowns, I've been working on the different countries that had them. You can do the same in gold. The modern stuff - AGEs, Leaf, Pandas, and the older - Sovereigns, Francs, Ducats.

Have fun and good luck,

peace,

rono

 

1/10th ounce proof gold eagle graded proof 69 on ebay $182, click the link.
http://www.ebay.com/itm/111125662738?_trksid=p2055119.m1438.l2649&ssPageName=STRK:MEBIDX:IT

 

here is a somewhat common year$2.5 gold coin in au. Picked these up less 5% a month ago. I would rather own these then 1/10 or 1/4 modern