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Your Recommendation For My 1st Gold Coin Purchase

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jfransch's Avatar
United States
1801 Posts
 Posted 12/09/2011  11:04 pm  Show Profile   Bookmark this reply Add jfransch to your friends list Get a Link to this Reply
Shoot for the moon, go for a Pan Pacific $50 Octagonal. Most incredible coin ever made by the US mint in my humble opinion. And, no, I don't own one....but someday!
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Coinstar's Avatar
United States
1510 Posts
 Posted 12/10/2011  12:09 am  Show Profile   Bookmark this reply Add Coinstar to your friends list Get a Link to this Reply
thats a goody
Retired USAF 1983-2003
Valued Member
Larryh86GT's Avatar
United States
326 Posts
 Posted 12/10/2011  3:43 pm  Show Profile   Bookmark this reply Add Larryh86GT to your friends list Get a Link to this Reply

Quote:
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.


OneBowl - I don't see much difference in price with the St Gaudens between a nice MS graded coin and an XF-AU coin. Unless I am missing something? But I understand your thoughts on being able to feel and handle the coin.


Quote:
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.


BH1964 - I think the 10 dollar Indian Head is calling me at some point.


Quote:
Shoot for the moon, go for a Pan Pacific $50 Octagonal. Most incredible coin ever made by the US mint in my humble opinion. And, no, I don't own one....but someday!


jfransch - I don't even know where to find one?


I'm getting a bit of a headache just trying to decide what direction to go. The wife and I are leaving Monday for a week on the beach at Playa Del Carmen and I will mull everyone's suggestions over with some kind of rum drink with a little umbrella in it.
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Lobby's Avatar
United States
548 Posts
 Posted 12/10/2011  6:54 pm  Show Profile   Bookmark this reply Add Lobby to your friends list Get a Link to this Reply
Like this one? (evil smile)

Your-Recommendation-For-My-1st-Gold-Coin-Purchase

Uh...

Valued Member
Australia
243 Posts
 Posted 12/10/2011  9:29 pm  Show Profile   Bookmark this reply Add enoilgam to your friends list Get a Link to this Reply
With St Gaudens double eagles, you can get them in mint states for a small premium above bullion value. The 1927 is a common date which is relatively easy to get in mint states, and they usually have a great appearance in comparison to other dates.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 12/10/2011  10:47 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Holy cow, lobby, that's a smokin' strike.

If you push me to it, I'm going to agree with Gothic Florin. Shield Sovereigns are simply beautiful.
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j_h_s's Avatar
United States
1934 Posts
 Posted 12/11/2011  09:04 am  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
I'd start by going through the price indices and see where the values of gold coins are going.

I'd recommend "starting" with the Indian Head but value up to 60 is plummeting.

There are some gold where the decrease is only affecting the lower grades and, at higher grades, increasing.


Edited by j_h_s
12/11/2011 09:09 am
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Lobby's Avatar
United States
548 Posts
 Posted 12/11/2011  11:07 am  Show Profile   Bookmark this reply Add Lobby to your friends list Get a Link to this Reply

Quote:
Holy cow, lobby, that's a smokin' strike.

If you push me to it, I'm going to agree with Gothic Florin. Shield Sovereigns are simply beautiful.


I hate getting coins like these. They're too beautiful to resell, but I can't afford to keep them. I've already kept too many.

I've got it on San Antonio CL. Let's see.
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