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 Replies: 28 / Views: 2,644 |
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Pillar of the Community
United States
3234 Posts |
I would have to say do NOT buy simply bullion. Buy coins that circulated at one time (in either circulated or uncirculated condition). Also, buy better dates. The U.S. market has softened a bit recently with gold coins and this might be an opportune time to buy. If you buy gold coins (not bullion) make sure you know what you're doing...there are a lot of fakes out there.
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Pillar of the Community
 United States
2365 Posts |
Thank you everyone for your wonderful suggestions and ideas! I will mull them all over and keep looking for what has been suggested. I started in the gold coin and bullion markets in the '80's but, let the ball drop since then. Now, ofcourse, when the prices are higher I get interested again - go figure! I am very careful as to what I select...I just need to broaden my selection. With everyone's great ideas I will be doing just that!
Thanks again!
Deb
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Moderator
 United States
23522 Posts |
I just took my first step down the path I mentioned tonight, dsking. Here was my choice:   This could be the start of a very long trip for me.  |
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Pillar of the Community
United States
2365 Posts |
Beautiful coin SuperDave! Great choice! You and I can merrily skip down this path together! Oh how fun! I might have a teensy leg up on you but, you have a wonderful start. Keep us informed as to what choices you make!! Good job!
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Valued Member
United States
208 Posts |
quote:
This could be the start of a very long trip for me.
And Expensive  |
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Pillar of the Community
United States
2365 Posts |
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Pillar of the Community
United States
2365 Posts |
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New Member
31 Posts |
i like the 2 1/2 dollar indian gold pieces...dont own any but they sure look nice
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Pillar of the Community
United States
2600 Posts |
Buffalo coins, what else. .999 and thats so fine. Jim
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Forum Kid
Kuwait
1523 Posts |
I'll have to start with like the lowest there is, I'll probably buy my first gold this year.
Whats the lowest Gold amount, 1/20?
Whats the denomination?Is it $2.5
How much does it cost?
Thanks!
TKC!
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Moderator
United States
23522 Posts |
quote:
Originally posted by dsking
Here's one that I have in my gallery that my little Honey gave me!
http://www.coincommunity.org/galler...m=273&pos=11
http://www.coincommunity.org/galler...m=273&pos=12
This could turn into a Dragonslayer thread. Wait until you see the other one I got with the first.... Kid, are you talking about going towards bullion gold, or circulation gold? Bullion is way outside my area of expertise, but if you're collecting for the collection, you want monetary gold anyways. If that's the case, I reiterate my argument in favor of world issues. The market is small in demand, and fairly large in supply, so with a little research you could snag some pretty good deals. |
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Valued Member
United States
235 Posts |
If you want gold as an investment, then simply go to a brokerage firm, like Fidelity Investments, and buy gold. It's safe and easily liquidated. If you want gold coins as a hobby, then collect different types of coins from the United States or foreign countries that are related to history. For example, the Byzantine solidus, the Florentine florino, and Venetian ducat make an interesting group of medieval gold coins. Spanish escudos are the coins of pirate lore. A guinea or sovereign of each English monarch makes a nce gallery of royal portraits.
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Pillar of the Community
United States
2600 Posts |
quote:
Originally posted by SuperDave
quote:
Originally posted by dsking
Here's one that I have in my gallery that my little Honey gave me!
http://www.coincommunity.org/galler...m=273&pos=11
http://www.coincommunity.org/galler...m=273&pos=12
This could turn into a Dragonslayer thread. Wait until you see the other one I got with the first....
Kid, are you talking about going towards bullion gold, or circulation gold? Bullion is way outside my area of expertise, but if you're collecting for the collection, you want monetary gold anyways. If that's the case, I reiterate my argument in favor of world issues. The market is small in demand, and fairly large in supply, so with a little research you could snag some pretty good deals.
Dave, I wouldn't know a good foreign coin from a basketball, so even though I loved looking at the pics, I know not what they are. For us with little experience, instead of pics please list some examples by country, coin name and denomination that you might recommend. Thx Jim |
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Bedrock of the Community
United States
14454 Posts |
that is a problem I am coming against when buying gold coins also because these things were so widely counterfeited I am having to pay the premium for graded examples on ebay. I really need to do some studying on these things especially if I am planning on buying more gold than just the few its going to take to fill the holes in the Dansco7070. I wouldn't mind having one example of the famous "Omega" counterfeited coins just because they were so very well done, but some of the prices of them are pretty close to the originals because of the craftsmanship that went into them and because they are so famous because they fooled the experts for so long |
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Pillar of the Community
United States
2365 Posts |
quote:
Originally posted by thekidcollector
I'll have to start with like the lowest there is, I'll probably buy my first gold this year.
Whats the lowest Gold amount, 1/20?
Whats the denomination?Is it $2.5
How much does it cost?
Thanks!
TKC!
U.S. 1/10 oz (it's about the size of tip of your index finger and it's denomination is $5 (U.S.) the cost would be roughly 1/10 of current market or $60++ for right now. I don't think that Fidelity would sell to someone your age - not sure but, if you picked up one a month by the time you were in your 30's you'd have quite a stash! Try harlanjberk.com......they are highly recommended and good prices. |
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Posted 01/09/2007 9:24 pm
