What to buy?

Yeah. If I ever wished to do what I am suggesting to the OP to do, I would look into a series like that. I believe circulated gold holds a ton of great coins to an informed collector.

The reason I don't do it is I already have a lot of PM, and all of my money is wasted on ancients.

 

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I see them for 475 on providentmetals but coinflation has the melt value as 401. Do you think I would ever get that premium back?

Medoraman, I am going to try to put a set of the Mercury dimes together. I am in love with them

 

Cool. I put together a set of all but about 6 from junk boxes at about $.30 a piece 20 years ago.

As for the $10's, yes, I think that premium would be fairly returnable to you unless gold goes up to around $2500 an ounce.

 

Mikey - I have a bad memory, and CoinTalk has so many members. That said, did you mention that you are currently living in Germany? If so, are you military or there on a visa? - Have you researched the rules on bringing back precious metals into the United States?

 

This nice thing about investing in property is that you have somewhere to live.

 

If I lived in Germany I'd get into some of the French silver or the German wildman coins. I think you can get some silver at around melt, and gold is always around at around the melt value. Russian and Finnish gold pieces come in smaller denominations, and may have some numismatic value. You can get them at around the melt price. Don't be fooled by the dates on Austrian ducats. They have a date on them that's old, but the reason they look so new is that they were minted last year.

 

I subscribe to this suggestion also. If you buy "coins" that are backed with PM you get both the enjoyment out of collecting as well as a secondary hedge against possible devaluation of PM's. At the worst, the value of the coin is the current PM selling price. At best, the coin may appreciate and carry a premium for it's numismatic properties on top of the PM, and you win there as well.

As for the 1/4oz gold premiums, it all depends how much for which coin. You can find decent deals with low premiums on bullion grade gold, especially Krugerrands and Sovereigns I've found in the past (for example I bought some @ $398 when spot was $385 last year, small enough premium for me). In most cases I believe you should still be able to recoup that same premium on resale for most of the other fractionals also.

 

I always wanted a platinum coin, but I cant spend anywhere even close to $1400 a month

with that kind of money, I would probably split the value about

50% gold
35% silver
15% platinum

not to mention I would save for several months to buy an extremely expensive, high rated safe to stash all that value in.

 

Hi Mikey,

I'm with the group that suggests to 'collect' bullion coins. You get twice the bang for your buck in that you have the bullion but also the joy of coin collecting. The 90% silver sets are a nice star (franklins, liberties, mercs, washingtons). You're shooting for pre-1964 and in all honesty, I'd avoid buying what is being sold as BU and go for XF/AU. Anyone can tell an XF/AU coin while so many of the raw BU coins have been dipped. I'd also go for silver crowns - both modern and old. It's easy to put together most of the sets since 1986 and the older crowns are very interesting and have such an historical interest. Someone mentioned the pucks (5 oz ATB) and I just started buying them- but I'm only buying the ones that I've been to at this point - they mean more to me. As for gold - why not do the same thing - assemble a "collection" of the various type coins from around the world.

While many have said go after gold instead, I'd go perhaps 60/40 silver to gold or even 70/30. I say this because silver has a great profit potential than gold.

And as someone mentioned, check the rules on you shipping this stuff home.

and keep your flak jacket close,

peace,

rono

 

Thank you all for your responses it is much appreciated.

John, I can get it out of the country

Primemover, I see what you mean about the premium. I guess some of the older gold coins are just like ASE's in the fact that they retain some of their premium.

In general I am very close hold on my money. I worry I will not have enough accessible if i need it. So just for peace of mind (yes i also have an emergency fund) the return of premium is huge to me. If i have to sell the coin in 6 months i dont want to lose a huge chunk because of the premium.

I like the idea of silver because i am young and i feel like i should be aggressive at this point. But i like the stability of gold I guess its a case of wanting my cake and to eat it to.

 

Individual will buy them. People with small budget. But if you want to sell to dealers only gold to buy is bars. 1 ounce and more.

 

Again, if you have to ask:



Buy Apple.

 

Buy nothing. Wait.
Better prices ahead.

 

Just buy sovereigns if you want fractional gold imo. You should be able to get them for 15-20 over spot rather than 75. Other european gold that sells at low premium is also a good option, 1 ducat, 4 ducat, 20 franc, ect ect.

Paying almost 20% over spot is way too high for a coin that doesn't have numismatic value.

 

RE - property vs gold

and incur property taxes, possible upkeep depending on type/location, maybe insure it (including title insurance), incur sale/recording fees, deal with illiquidity... ad nauseum

 

+1

 

buy a roll or 2

 

I wouldn't wait for the "price to be right" on whatever you buy. I would dollar cost average into PM. That way you buy more when it's lower and less when it's higher and in the long run can increase your overall cost-to-value ratio.

Someone suggested 1/4 ounce coins. I would even suggest 1/10 ounce AGEs for any gold investment.

With $1400 a month and looking only to PM, I'd probably go with 1/2 ozt of gold and 20-25 ozt of silver. Maybe every three to four months switch platinum for gold and palladium for the silver.

 

Tinpot, what are sovereigns? Where is a good place to get them?

Without putting my whole financial history on the internet, i already own property and have other investments. This 1400 a month is usually what i spend on my fun. I used to collect guns and used to put that money into that or traveling or other debauchery i could get into. I have had just as much fun buying up silver etc and researching the different types and comparing prices as i have when buying guns. (Don't make fun of me). I figure with PM"s i have a chance of making way more money and a chance of losing way more money but i have always operated with the premise that i do not invest anything i am not willing to lose. When i invest in something i write it off in my head as a loss.

I probably make a tiny tiny amount of money compared to the bulk of the members on this forum. But then again im probably the only guy you see walk into a store with a handful of coupons. I am frugal when it comes to every day things and i spend my money on things i like. So i want to get the most bang for my buck as i do not have that much buck to go around

 

Here's a link to sovereigns at Provident, you can also look at other European gold, typically it has lower premiums.

http://www.providentmetals.com/great-britain-sovereign-gold.html , sovereign contains .2354 oz gold