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 Replies: 23 / Views: 3,399 |
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Valued Member
United States
326 Posts |
I am more and more intrigued with making my 1st gold coin purchase. Right now I am leaning towards the Indian Head (it is a beautiful coin) quarter eagle, half eagle, eagle or maybe even a Saint Gaudens Double Eagle. This will probably be my only gold coin purchase so I might as well do it right. Your suggestions?
Larry
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Pillar of the Community
United States
1432 Posts |
Quote:
maybe even a Saint Gaudens Double Eagle The St Gaudens is a beautiful coin but here's a suggestion since you like the Indian Heads. I compared Numismedia prices for MS-60 for types. For the price of the St Gaudens you can do the Indian trifecta; quarter, half & eagle for the same $. In AU-50 you would save $ buying the 3.  |
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Valued Member
United States
123 Posts |
An AU half eagle. Nice size, attractive and they can often be purchased close to melt.
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Pillar of the Community
United States
1510 Posts |
2.5 indian--affordable and very cool
Retired USAF 1983-2003
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Pillar of the Community
United States
5855 Posts |
If I could only have one in my collection... I'd definitely go with the Saint-Gaudens. All other things considered, it's just the most beautiful coin ever made. Hence my avatar...
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Valued Member
Australia
243 Posts |
If your on a budget, go with a half eagle. As mentioned by magicalmke, they have a nice size and can be purchased close to melt. A quarter eagle is a bit on the small side - so you're better off spending the extra money to get the half. If you have the money though, you cant go past the St Gaudens Double Eagle. Seeing it in pictures is one thing, but holding it in your hands is truly something else. Its a coin like no other and well worth the cash required to get it. If you are going to add just one gold coin to your collection, this is the coin to get.
Edited by enoilgam
12/09/2011 11:08 am
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Valued Member
Philippines
386 Posts |
always go for the best ones you can afford. I guess it's St Gaudens Double Eagle  |
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Valued Member
United States
257 Posts |
Appreciation or forever keeping it?
I seem to notice the premiums on the indians (any denom) outpace liberties or even the venerable St Gaudens.
May be a factoid that may play into your decision.
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Valued Member
United States
257 Posts |
That said, for full disclosure I just got into gold coins as well. My purchases in order:
$5 Indian, St Gaudens, $20 Liberty, $5 Indian.
See a pattern? =)
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Moderator
 United States
23522 Posts |
Set your budget. Stick to it. Get the nicest coin you like that will fit your budget. Share more details here, and we'll offer more specific suggestions. |
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Pillar of the Community
United States
5855 Posts |
Did I mention how much I really, really love my Saint-Gaudens Double Eagle?  |
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Pillar of the Community
United States
2541 Posts |
British Sovereign (I'm biased!). I love Victorian young head sovereigns, but you will pay over spot prices for them...
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Valued Member
 United States
326 Posts |
Quote:
Did I mention how much I really, really love my Saint-Gaudens Double Eagle?
barryg - Thanks - it's a beautiful coin but I'm sensing some bias here.  Quote:
That said, for full disclosure I just got into gold coins as well. My purchases in order:
$5 Indian, St Gaudens, $20 Liberty, $5 Indian.
See a pattern? =)
wpd7- Yes I see the pattern and suspect I will end up going down the same road. One at a time as I can afford them probably. Quote:
always go for the best ones you can afford.
I guess it's St Gaudens Double Eagle
Pandesalapi - Your probably right but those Indian Head gold coins are really pretty coins. Thanks for the advise everyone. As far as the grading is concerned is there any grading company I should avoid when I do pull the trigger or doesn't it matter much? Larry |
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Valued Member
Australia
243 Posts |
If your looking for graded coins, I would probably go with ICG and ANACS. Even though NGC and PCGS are more reputable, you will probably end up paying a premium for coins slabbed by these companies. At the end of the day, you can trust that an ICG or ANACS coin is genuine and the grade given is reasonable. There is no point paying extra for NGC or PCGS if you dont intend to keep the coin as an investment.
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Pillar of the Community
United States
759 Posts |
My 2 cents: if it really is going to be your only gold purchase, a raw common XF-AU St. Gaudens, that you can handle. Nothing like holding a double eagle in your hand. Hard to argue with jeffrose's suggestion too. Speaking from experience though...unless life dictates otherwise, your first gold purchase is almost never your last.
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Bedrock of the Community
United States
10982 Posts |
Larry: If you are looking for type coins, $10 Libs offer an opportunity to pick up a nice piece near melt even in low mint state grades. Indians are beautiful but tend to carry a bit more of a premium. Buy what you like and remember that, these days, generic gold shouldn't carry a big premium to melt until you get to choice mint state grades.
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Replies: 23 / Views: 3,399 |
Posted 12/09/2011 09:24 am
