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 Replies: 23 / Views: 12,885 |
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Pillar of the Community
United States
1211 Posts |
Have a Chile 1 peso gold and an Ottoman empire gold coin in my collection. Both of these satisfied my urge to amass gold coins but for very small change (compared to others).
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Moderator
 Australia
16851 Posts |
If you're wanting a coin that actually saw some use in international trade, I have another suggestion: the first gold coin I ever bought was a Peru 1/5th libra. The Peruvian libra was on par with the British sovereign, but Britain didn't make 1/5th sovereigns, so you can't buy anything in the sovereign series this cheaply. They're fairly small, but still attractively coin-like. At 0.0471 ounces, there's slightly less gold content than the Mexican 2 peso; the BV is only US$76 at current gold prices. Pre-WWI examples tend to be pricier, but if you can find a later one for sale, it should be for less than US$100 I would think. APMEX sell them for $10 over spot. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
1817 Posts |
Another option is the Canadian Cougar quarter with 1/25th oz. and retails for about $72 CDN. It's pretty tiny, about 11mm, but at least you would have a recognizable PM that has a known content and easily liquidated in a hurry, if necessary. Next up the size list would be a 1/20th oz. 14mm gold panda.
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Pillar of the Community
United States
3276 Posts |
A half eagle with a giant hole in the middle :)
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Pillar of the Community
Australia
9445 Posts |
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Valued Member
South Africa
105 Posts |
Why has noone mentioned the KrugerRand yet? It is a very popular gold coin... although a bit pricey.
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Valued Member
United States
203 Posts |
I have a 2 Peso coin from Mexico, dated 1949. There is a local shop that sells them, or used to, for around $40. I think they are up around $70 or so now. You may want to look into one of those if you can find one. APMEX sells them for around $90 currently. |
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Valued Member
United States
470 Posts |
The fact is that for $120 you just aren't going to be able to buy gold no matter how hard you look. I know it's tough to have champagne wishes on a beer budget but those are the breaks. Wait until you can pay more before you venture to dance with the big boys.
Stick with silver, the poor man's precious metal.
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Valued Member
United States
366 Posts |
Is it worth the premium to buy gold in such small quantities? I've never bought less than a 1 oz coin. I always see the 0.5 and 1 gram coins in shops and think I'm looking at ebay listings. |
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Pillar of the Community
614 Posts |
I bought a 1/10 ounce 10 corona coin from Hungary (1905) for $155
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Valued Member
United States
366 Posts |
Wow that's pretty good. I haven't been able to find gold selling below face in such small quantities.
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Pillar of the Community
United States
3184 Posts |
honestly save up and get a quarter oz gold coin like a maple leaf, gold eagle, philharmonic, krug, etc
When you buy these tiny coins, they are TINY. Save up and get something with heft and that isn't so tiny that it can dissappear on you
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Pillar of the Community
United States
1211 Posts |
Quote:
Why has noone mentioned the KrugerRand yet? It is a very popular gold coin... although a bit pricey. Read the title of the thread and get back to us on that... |
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Valued Member
Australia
145 Posts |
Triggersmob: Is it a nice coin I looked at them on e-bay 75+ or they have 1/100 for about 15$
i did'nt want to pay high for gold, but its gold you have to pay the prices, so I got myself a 1980 $200 koala 22ct 10gram $490, seem alot but is a nice coin and face value as well as collecters and gold content
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Pillar of the Community
United Kingdom
2624 Posts |
The answer to that is probably "the smallest gold coin you can find"
As has been said really gold coins are expensive (especially with the gold price as it is currently) but there are still a few coins possible.
I picked up some gold coin from a Pawnbrokers for a very slight premium above the gold melting price (these were taken from jewellery ready to be melted...and the coins would have been melted too)
They were probably EF condition, sovereigns and half sovereigns with some age to them... (these weigh 8grams and 4 grams) at the time the gold price was really low but now you would obviously get a lot less for your money.
So it is possible you can get some gold coins for around $120 but they wont be rare or in mint condition... I agree you should stick to non-gold. I have a Statue of Liberty gold coin from the states (gold rate has pushed that up lots for me) I think it is very attractive coin but realistically had I spent that same money on silver I would have many more pieces and it would be more interesting a collection. SO I agree with these guys...gold isn't such a good idea...
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Replies: 23 / Views: 12,885 |
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Posted 06/19/2012 9:42 pm
