Is Buying Old Gold Coins The Safest Investment? - Page 2

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Author	Replies: 19 / Views: 3,382	Page: of 2

barryg Pillar of the Community United States 5855 Posts	Posted 08/14/2011 7:22 pm Quote: Way to vague a question. An MS-66 coin that has been cleaned or polished may not even be noticed as that. Others may well be ruined. Each coin is different and so is the methods of cleaning or polishing. I was not aware of that. From what I've read around here, it seemed like cleaned coins were always pretty obvious to the trained eye (which I certainly don't have) and that cleaning ruins the value of any coin. I'm glad to know that isn't always the case. Expanded Digital U.S. Type Set Album \| Dansco 8100 (Lincon Cents) Album \| Digital Proof Type Set \| Digital U.S. Currency Type Set \| Foreign Bullion Coins Report this Post to the Staff
dumprat Valued Member United States 460 Posts	Posted 08/14/2011 8:26 pm I have a relative that is investing a equally in different areas. He has Silver bullion, silver collector coins, gold bullion, and gold collector coins. The biggest thing is to shop around. Another thing is to look at how long of an investment turnaround are you looking at. Just remember not to have all in just PM. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 08/15/2011 03:13 am barryg: Get hold of a book any way you can, which I think would be essential reading for your particular needs. It is: How to Invest in Gold Coins, by Donald J Hoppe, publ. by Arco Publishing Co. Inc., 302 pages. Copyright 1970 by Arlington House, New Rochelle N.Y. Library of Congress Catalog card No. 70-115342 ISBN 0-668-02999-4. It is obviously an old book, perhaps a local library can give you the clues as to how to track down a copy. That is why have supplied so much detailed reference about the book. I can assure you that though the pricing may be way behind the times, the relevance of the pricing is still perfectly current. The author advises the reader as to how to go about building an investment portfolio of (mainly) North American gold coins. He also explains why, in his opinion, that investing in gold coins is the best defense against inflation of fiat money. Also included is advice on how the Law operates in relation to collecting gold coins, a short history gold coins from ancient times, some examples of model collections, and advice on how to spot counterfeits, fakes and forgeries. I found my copy at a coin show. Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 08/15/2011 05:13 am Quote: I have no idea what high grade double eagles used to sell for back when gold was only $300-600/oz, however. I just wasn't paying attention back then. $350-700 slobbed, $25 less raw. Report this Post to the Staff
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