If you pay $80 for an ounce of silver in the form of a coin will the $50 difference always be available when you sell?
I would never spend $80/oz for silver! The only stuff like that from the mint would be proofs and those don't tend to hold their value. Regular bullion ASEs are just normally a bit above spot.
I'm a bit late to this thread, but if I were in your position @furryfrog02, I'd choose the dollar coins since I'm missing those coins for my 7070 as well. Then again, pre-33 gold is always nice to have since it is quite liquid, but regardless that decision is up to you.
Not late yet I'm going to do the exchange here in about an hour. Then I will need to figure out what to do!
However, if the dollar coins appear that they'd warrant a details grade, I'd personally rather go with the gold indians.
I have been fortunate over the last 24 years. My father sat my brother and I down and he told us that he had been collecting coins. They are/weren't gold, but there is some silver. He told us that he didn't have the kind of money he would need to buy gold. My father was a Sargent in the U.S. Navy, then he retired in the Army. He served as a corpsman in the Navy and when he switched to the Army after WWII, we became a glorified medic. He did everything an RN could do. He was a Veteran in the Navy in a submarine, then a medic Korean War and his final service was in Vietnam. He was wounded in all three wars. Anyway, I was proud of my Dad and when he left us his coins, it wasn't much, but it was my Dad's. Anyway, he told me that if he had any money, he would have bought Gold. Thanks to him, I bought the U.S. Mint's gold which I was very selective about which gold coins I would buy and they are now worth many more times than my purchase price. The gold coin I am most proud of owning is the 2016 W Mercury Dime Centennial Gold Coin ($204.95). I was also very lucky to buy the other two coins in the set... 2016 W Standing Liberty Centennial Gold Coin ($489.95) and the 2016 W Walking Liberty Centennial Gold Coin ($869.95). I'm not sure, nor do I care what they are selling for now. My recommendation is to buy gold, but watch the market too.
I am a coin collector, not investor. I collect for the fun of it, not the value of it. I don't anticipate ever selling my collection. So, for me, it would be which I wanted more, filling in some coins I'm missing, or adding a new area, gold. I like gold coins, too. And, I'm blessed to have 2 of them. But, I got them after I was satisfied with where I was at in filling empty spots. I still have some empty spots, just ones that are not budget friendly. But I'm glad I got my Trade Dollar, before I purchased a gold coin. That's just me, I'm different, I guess? Oh, I like circulated coins best, too. No matter which you choose, you're not making a mistake, just a choice.
Me too. That's the way I look at it. And, most of my collection is from circulation. My coins look like they had to work for a living.
My first choice would have been the Liberty Seated Dollar No Motto. But the price of gold right now really makes that $5 Gold Indian stand out to me. Go for the gold.
I’d complete the 7070 album. You know you’ll never be happy with the empty holes and that you will eventually fill them one day. Might as well do it with “free” money.
So I'm having a tough time finding any $5 or $2.50 gold indians. Or any gold for that matter. I called my LCS and they don't have any nor does any place I can find online.
I just love the $2.50 Gold Indians. That's why I have the complete set. They are affordable, except for one. Go for the $2.50 gold.
I'm sorry. These threads continually confuse me. Your money. Your collection. Your choice. You get to look at your choice daily if you choose. Not sure why anyone else's opinion matters. This post is NOT meant to be offensive. So please don't take it that way. I truly am confused when I see people ask what others think they should spend their money on.