Discussion in 'US Coins Forum' started by Vess1, Aug 2, 2021.
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If your intention is to hold the piece as a valued part of your collection, in my opinion the bullion question is moot.
Yup, don’t blame you. I picked them up from the mint and had them graded. Came back SP70s. Got the half later on already graded. I consider them part of my US type. All three are amazing. Love the color and the finish.
Are you buying a generic common in medium grade that will track bullion....or a numismatic coin selling at a premium ?
I’m interested in a 1928. It’s the highest minted gold coin the mint has ever produced at 8.8 mil and they were supposedly well made. Many remain in high grade so I’d want a 64 or 65 at least if I’m going to get one. I also find it interesting that the years surrounding it are 5 to 6 figure coins but that year is affordable thanks to the high mintage. Shouldn’t be hard to find one.
I'd suggest your objectivity may be distorted by the relative value/cost of a Gold to a generic Silver coin, rather than % premium above intrinsic value (i.e. melt), mintage quantity, resale ease/gain/loss, store-house of equity relative to Fiat currency.
I suggest if you go to probably the best comparative site for acquiring a most common raw Double Eagle (i.e. 1924) versus Morgan (i.e. 1921), believed eBay you'd be surprised, upon evaluating objectively , what a relative bargain is the Double Eagle.
Some good commentaries on the 1928 in the HA archives and also in Roger Burdette's book.
Remember, it's survivorship not mintage that matters.
BTW, an MS-65 sold for about $2,500 including bp. a few weeks ago. MS-64's selling for about $2,100-$2,200.
Eh....I dunno about that.
Here are a couple of charts that show the price for another generic common year. You can see that while it's not a 1.00 correlation, when the premium is NARROW it's tended to be a bad time to buy and when it's HIGH it's been a better time.
That said, I'd be a buyer here regardless of the charts:
Buying a certified coin -- PCGS or NGC -- should solve that problem.
When do you pick and choose to buy home-owners' insurance or car insurance? Is there ever a bad time to purchase insurance for those items?
Gold hasn't been "insurance" for non-existent inflation or financial turbulence in 40 years.
SWFs, the rich, and institutions have deeper and more liquid alternatives.
For those coins with some numismatic value, you rarely can get them for just above melt and a low premium .
It's usually one or the other as the charts above show.
For me, I just buy a coin I like at what I consider is a fair price. If I were SPECULATING on the price of gold, I'd buy pure bullion or the Saint equivalent. Then you have to market-time and I'm just not into that.
I buy-and-hold....and since I'm holding, I may as well enjoy the coin while looking at it...hence why I am partial to the numismatic Saints first....then bullion Saints....then plain bullion.
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