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 Replies: 61 / Views: 8,822 |
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New Member
 United States
44 Posts |
I like that point if view... It is for now just one coin, and I want to buy the one I like the most for sure, regardless of premiums. I view it as a keeper coin for a long time, and I ever did sell it years from now, the premium would hopefully get passed on. Also hoping gold is 1500 1600 oz in 5-6 years too, then the coins premium is already taken care of really. .
Edited by sandwich5027
02/23/2015 4:29 pm
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Pillar of the Community
Canada
3049 Posts |
Well I'm Canadian so if you take the exchange rate as a factor... gold is already at 1500 LOL
One of the reasons I LOVED silver and gold approximately a year ago... the prices were pretty close to current prices and dollar was at par... it's like a 20% discount for Canadians.... don't think many scooped that opportunity though....
Also .. if you're into buying gold and silver for the long haul... don't really worry about what the price of gold or silver do... understand that generally what every you paid for that gold or silver the same value will be extracted when it comes time to sell.. (silver is a bit more volitile but still tracks inflationary rates pretty consistantly... please make sure you post some pics of the coin you end up buying.... I always love seeing what kinda shiney others fancy.
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New Member
United States
44 Posts |
I found a New Zealand gold kiwi coin and it's nice, but I like the kiwi bird for some reason. It also does not state any $ value. Assayed by pamp suisse too. Same premium as elephant. Interesting.....
Edited by sandwich5027
02/24/2015 8:04 pm
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Pillar of the Community
United States
3789 Posts |
I believe I saw those before. The only issue I have with those type coins... is again, sticking to your investment theme, the less known the coin is, the longer you will wait to unload that coin.
in any case, it is a nice gold coin.
What I have found interesting is how in the bullion range of coins, almost all of them are real stinkers in terms of getting semi-numismatic appreciation despite being bullion.
the most horrible ones are the canadian maple leaf, the Austrian Phil, the US eagle.. even the Aussie Kanga is down there.
I am not convinced all gold Libertads are that great either.
Best two thus far are the Somalia gold elephant and China gold panda 1 oz coins.
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Valued Member
United States
102 Posts |
Mr. Yupster I hope to a response to a question that baffles me !! do u consider Russia, Chine and Others as other countries that want to to devalue and ultimate get ride of the USA PETRO dollar from the top DOG position ?
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Valued Member
United States
102 Posts |
Mr. yupster I think that China Russia And others ar trying to get rid of the Petro Dollar PLEASE Your opinion ?
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Pillar of the Community
United States
648 Posts |
I know you mentioned Gold Coin so I would consider a Gold Maple or a Gold Panda from China. I however also like the gold bullion 1 oz bars, and in particular, the Pamp Suisse 1 oz Gold bar. I think it has a beautiful packaging, with assay and looks 999.9 24k "clean". The Perth Mint also has some nice bars, but just another option. Welcome to the forums and post a pic when you finally decide to get your gold coin. http://cdn.bgasc.com/images/uploads...01-popup.jpgEdited by tripncoins
02/28/2015 12:25 am
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New Member
United States
44 Posts |
I'm just waiting for gold to hit $1170ish. Then the Somalian Gold Elephant is mine.
Edited by sandwich5027
03/02/2015 9:37 pm
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Pillar of the Community
United States
808 Posts |
The only thing I'd add to this discussion is buying what you know. I don't collect a lot of coins but I'm still bothered by the idea I might purchase a fake. A proof AGE, gold buffalo, or maple leaf seems like a great first semi-numismatic coin purchase. The weight, physical dimension, and design are very well known and easily measurable by the purchaser.
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Bedrock of the Community
United States
36777 Posts |
If you buy a Somalia Elephant at a premium over a Gold Eagle or Maple Leaf, do so because you like the coin. If you have to sell it to your local coin dealer, you won't get that premium back, you'll get spot value or a little less for that coin.
Gold Eagles are your best bet.
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Valued Member
United States
56 Posts |
Well, if your going with a U.S. Coin for your first purchase, I'd go with the gold buffalo as opposed to the AGE. That way your getting 24k gold and not 22k as in the AGE. I know there's an ounce of gold in each of them, but somehow psychologically, there's just a different feeling between the two of them. It's sort of a feeling of being cheated with only 22k in the Eagle. Anyone else ever feel like this or am I just nuts.
Edited by Ed52151
03/27/2015 12:24 am
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Pillar of the Community
United States
808 Posts |
The Buffalo is a beautiful coin. And, yes, there's something special about holding a substantial chunk of pure gold in your hand. And if it's your very first 1 troy ounce gold? It's likely to actually spend a good bit of time in hand. However, accidents happen. The AGE is MUCH more forgiving of minor bumps and scrapes.
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Valued Member
United States
73 Posts |
Ed52151
i dunno man id be hard pressed on that. the artwork on the AGE is something to behold. and to be totally honest since its 2.8 grams more in weight silver/copper mix. you would really get more bang for your buck if they are the same price lol.
although I dont own anything pure gold so I'm not really sure how much different pure gold appears from 22k gold, so that may be something I'm missing out on
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Pillar of the Community
United States
3789 Posts |
I have a lot of AGEs,,,, both proof and bullion. I like them,,, I have Buffs....
thing is, after several years, they get old with the same type coin...
I prefer now Somalia elephants.
But then again, my primary collecting focus going forward is Elephant, Rhino and Hippo coins....
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Pillar of the Community
United States
808 Posts |
The importance of the differences between the .999 pure gold coins (buffalo, gold maple) and the 22kt gold coins (eagle, Krugerrand) largely comes down to psychology and culture. The physical gold weight for all of these coins is the same: 1 troy ounce. The pure gold coins, unless mishandled, will have the truest yellow gold color. The 22kt coins can tone slightly over time and the Krugerrand coins in particular have a slight but noticeable copper/gold color. Also, the 22kt coins are slightly larger and a bit overweight to account for the added silver and/or copper content.
Cultural standards and expectations for gold are also different around the world. For some people, the only gold is pure gold. Other folks (me included) aren't bothered by 22kt or "crown gold" coins and actually see these more durable gold alloy coins as a better fit for our collecting needs.
At the end of the day, listen to your gut. Buy what you like and enjoy!
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Replies: 61 / Views: 8,822 |
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Posted 02/23/2015 11:54 pm
