Purchased First Gold Coin Today - Page 2

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Author	Replies: 19 / Views: 2,931	Page: of 2

Slider23 Pillar of the Community United States 4469 Posts	Posted 07/02/2016 5:34 pm Terry, you are not going to be able to out guess the prices in the gold market. Invest/collect the amount of gold coins that you are comfortable in buying. If you sit on the fence, you will watch the train go by. I am going to collect one each of the gold coins listed in the 7070 set. I will be targeting coins that will have some Numismatic value and I am not going to worry about the spot price fluctuation of gold. Report this Post to the Staff
thq Pillar of the Community United States 3343 Posts	Posted 07/02/2016 6:24 pm @terry another observation from the past. I bought an 1891-cc raw eagle in high xf or au in the mid 90's for $350. 10 years later I sold it for $700. The appreciation had very little to do with it being a cc. The price of gold doubled in that period. I wasn't selling the coin to make a bundle of money, but using it to buy a better coin. While the long term accretion of coins will have value for my heirs it's paltry compared to savings in mutual funds and 401-K's. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire Report this Post to the Staff
terry8835 Pillar of the Community United States 1450 Posts	Posted 07/03/2016 3:00 pm thq I agree with you regarding savings in funds, 401-K's and Roth IRA's. If you can hand down a Roth IRA I don't think the heir has to pay tax on it, but not sure. A person making decent money who starts an IRA or 401-K and faithfully dollar cost averages into them can have a million, or more if they start early. Investing is boring. Trading is fun and costly. Slider23 has a good point that unless you get onboard the train it will keep on rolling without you. I think I am going to get me at least one $20 gold piece probably Liberty Head from 1894 up to the end. That coin has the largest and longest mintage. That coin was minted for almost 60 years. There are many that are not possible for ordinary hu-mon to collect, but what a set. Saints were only around 26 years. If you were just going to buy which would you get? Thinking about it I might try to get just one of each like 7070 set. I must remember that coins are a hobby and I have real necessary things I must buy.....remember, remember, remember! Report this Post to the Staff
thq Pillar of the Community United States 3343 Posts	Posted 07/03/2016 6:41 pm @terry I like $10 Indians better than $20 Saints. I would buy more 1907 and 1908 no mottos when I have the money and can find them. The best US coin design IMO. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire Report this Post to the Staff
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