Speedy, Your reasoning seems sound and I have no doubt you will be successful with that approach. For what it's worth, so far my entire gold collection consists of: 1 1987 one ounce gold eagle 1 1980 one ounce maple leaf 1 1987 $5 Consititution commemorative in the original mint packaging 2 1988 $5 Liberty commemorative MS69 slabbed by ANACS 1 1911 uncirculated British Sovereign 1 1893 uncirculated 20 Franc French Angel 1 1947 uncirculated 20 Franc Swiss All of the coins were obtained reasonably close to the bullion value. I'd like to branch out into some of the old US gold coins struck for circulation, but I'm having a hard time paying the big premiums when so many other gold coins are available for small premiums. But I also don't want to make a dumb mistake because gold is, well, not cheap. So far I've just hunted for gold bargains and jumped on them when they appeared without regard to type, date, mintmark, or country; and I've been able to do it without sacrificing quality but nothing I own is scarce. The "quality barrier" seems to kick in with the older US gold coins.