Best Gold Coin To Collect To Actually Buy Stuff

I have a book:
'How to Invest in Gold Coins' by Donal J Hoppe, publ. 1970, by Arco Publishing Company.
At the time of publishing, not much around in bullion gold coins, but lots of sovereigns and common date U.S. gold at little above melt value.

The main gist of the book is to invest in U.S. gold at uncirculated or better. Looks at foreign gold, and also looks at rare numismatic gold. (I guess that has to be much more of a numismatic investment - OK for me; I have some ancient gold.)

Suggests that long term holding is better that short term trading, if you don't want to be involved daily.

You have to make a strategic long term philosophical decision, before 'dipping your toe in the water':
With all precious metals, compare the long term accumulated inflation rate against the gold price chart over the same period.

The trouble with guns and ammo, is that someone you don't expect might use theirs against you.
Not so good if daddy or hubby is murdered.

I agree with one statement.. if the economy was so bad that money wasn't recognized any longer you probably should've invested in brass and lead instead of gold or silver.

Gold does have it's place however. It's an international currency. If you have some you can go anywhere and not ever have to worry about an exchange rate.. just the different between the bid/ask spot rate and premium you may have to pay when you bought the PM.

Now if 1 oz is worth say 1300 USD right now ... and you would like some form of "fractional" currency I would have a look at trying to buy some jewlery for melt prices. Often you can buy a chain or bracelet in a private sale for "melt" .... it's easily transported as you can wear it on your person and if the links are small you can easily cut one or two off and use them to buy, sell or trade with.

I agree with others here. If things get that bad, gold and silver probably won't have much use initially, because NONE of your neighbors hold PM's or will have any use for yours. I would say fractional gold in the long run.

I still want my roll of 1/10 oz. AGE

Thanks for the many fine alternatives and thoughts on this issue. I am not really talking about end of world but perhaps hyperinflation where a paper dollar is worth a penny like in Germany after WWI. I see and agree with most the points even the ones that seem to contradict each other. Why do people buy gold? It does not make interest for you and you have to pay to store it usually.

Why would you hack saw a coin when bolt cutters do just fine? It's gold! You lose the filings, then you're going to melt it back together, you'll lose propane and oxygen doing that when you can use that for heating your food. Seriously I'd be more concerned if my refridgerator went offline than if people stopped accepting debit, credit, and paper.

If you're looking for a coin for that purpose, get the coin of your "realm" or country. USA, go for eagles. Canada, get maple leave. Et cetera. Gold is gold but a good bullion coin should be easy to recognize.

One also has to look at what type of purchase will be made. On a daily basis you may lose many ounces due to chiselers taking advantage of a bad situation (like selling water on hot days). Get a 10 ounce bar (silver) and buy your food in bulk - but I'll bet you your grocery store employees have no idea how to transact in this fashion on the whim and how to tell a fake, nevermind the amount of trust you put in into your grocer if you even know their first name.

Groszy, I like how you think. We're so tamed by the whims of the Western marketplaces and how they set the prices and the establishments set the taxes, most people don't even know how to haggle or that it's even an option.

For long storage life: tinned sardines?
How 'bout a Mc Donalds meal?

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Two desert islands.
The distance to swim between them is too far through shark infested waters.
On one island there is a ton of gold bullion and no food, on the other is a ton of well preserved food, but no gold.
Choose.
Would you share your food or gold with anybody else, or go it alone?