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<p>[QUOTE=&quot;bkm, post: 447330, member: 16045&quot;]&gt;Don&#039;t make the mistake of buying common modern bullion, the rewards &gt;come from buying old gold (pre 1933).</p><p>&nbsp;</p><p>I&#039;ll consider your advise, but I&#039;m wary of numismatic values.&nbsp; In essence, they depend entirely on a form of nostalgia.&nbsp; The supply has an absolute limit and that understandably contributes to the price equation, but it assumes there will be demand.&nbsp; Gold itself has a several thousand year track record of demand.&nbsp; US coins do not.&nbsp; I also believe that the numismatic value of US coins is strictly limited geographically.&nbsp; There are exceedingly few people in Vietnam, Egypt, or Guatamala that would pay above spot for them.&nbsp; 200 years from the now the geopolitical landscape could very easily be as different as it is from California to Albania.</p><p>&nbsp;</p><p>Why coins at all then?&nbsp; Why not just lumps of metal?&nbsp; Because they are recognized currency.&nbsp; Doubloons were common bullion.&nbsp; If I showed you a Doubloon, you would immediately have an idea of exactly what it is.&nbsp; You would assume it fit your standard concept of a doubloon, but you&#039;d want to test it to see if it was genuine.&nbsp; Whereas with an unrecognized bar, you&#039;d have nothing to base your expectations on -- you&#039;d assume the worst.</p><p>&nbsp;</p><p>Now the various kinds of doubloons certainly have numismatic value today -- but will today&#039;s semi-numismatic coins have anything more than melt value in a quarter millenium?&nbsp; It seems to me that the legacy of the US is that it rejected gold coin and money.&nbsp; If I were 250 years in the future and found myself nostalgic about the US, I might not be interested in gold coins which were nothing but an obscurity in its history.&nbsp; On the other hand, melt values might be even lower if they are able to synthesize gold with low-cost nuclear fusion.[/QUOTE]</p><p><br /></p>

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