| Author |
 Replies: 19 / Views: 2,288 |
Page 2 of 2
|
|
|
|
Pillar of the Community
 United States
5862 Posts |
Quote:
Enjoy your set and the higher gold prices that are to come. Thanks, I plan to! |
|
Pillar of the Community
United States
5837 Posts |
I think these are great for people saving a set or few sets in their IRA account, someone that wanted to diversify their holdings, these hold better value than their regular bullion brothers.
|
|
Bedrock of the Community
13014 Posts |
There is a collectors market for these, the problem is the market is smaller than the mintage which does make them act more like bullion like mentioned above.
Not that many people can afford to collect gold right now, and of those that can not every one is willing to with how much it could drop.
That said its a great looking set and hopefully well see a nice gold spike and you can make a pretty penny off them
|
|
Pillar of the Community
United States
3486 Posts |
To "make a pretty penny off them."
Where has the simple joy of buying and holding gone?
Not for profit, but for the pleasure of owning, for a while at least,
a nice looking coin or coins.
Profit comes to those who follow this strategy.
Disappointment surely will be the reward of those who try to play
the game of speculation.
MY strategy: try to make an enemy each day with my non-conformist
approach to coins.
I BUY TO ENJOY, and not for a quick profit.
Edited by matthewvincent
09/04/2012 4:03 pm
|
|
Pillar of the Community
United States
5862 Posts |
Matthew,
I don't know if your comments were addressed to me or just in general, but I am primarily a coin (not bullion) collector and only buy PMs as a long-term hedge against inflation. Even if gold hits $2500, I have no plans to sell this set, hoping instead to either hand it down to my son one day, if possible, or else sell it to stay alive in my retirement years, if necessary. In fact, the main reason I bought this particular set was simply because I liked the looks of the proof coins and had no idea until later that these were supposed to be "collector" coins.
Still, it's always nice to know whether the "collector" versions might have better long-term investment potential than the normal "uncirculated" versions, which is why I ask.
|
|
Pillar of the Community
United States
3486 Posts |
barryg,
to you in particular and to those reading.
If you like the coins then no one's opinion, mine included, matters much.
But I would add that uncirculated versions of coins made in "proof" have often out performed their proof counterparts. A question of mintage.
Absolutely, positively, you bought the set for the right reasons.
You should enjoy them forever.
Now, the more important question is this:
How do you plan to instill in your son the same appreciation of this set as you have?
Coins are, and have always been, a family hobby.
Do not loose out on the opportunity now facing you.
"My dad bought this set when he was in Washington.
He and I spent many happy hours talking about it.
And I am so happy that we did."
Edited by matthewvincent
09/04/2012 4:40 pm
|
|
Bedrock of the Community
13014 Posts |
Quote:
Where has the simple joy of buying and holding gone?
Not for profit, but for the pleasure of owning, for a while at least,
a nice looking coin or coins. Hasnt gone anywhere which is what I do with the vast majority of coins. That said there does come a point where with enough value increase it would be hard to say no  However for gold coins I feel differently. Id love to get some but not currently where gold sits, theres just to much downward price movement that can happen. Which is why I personally would flip them with a nice price move and wait to get back in when the market is lower or more normalized where it should be but doesn't mean thats right for everyone |
|
Pillar of the Community
United States
5862 Posts |
Quote:
Now, the more important question is this:
How do you plan to instill in your son the same appreciation of this set as you have? No worries there, mate! He is more obsessed with collecting than I am and already has a half-full 7070 album of his own... |
|
Pillar of the Community
United States
3486 Posts |
You have fathered a little monster, barryg!
Good for you, but don't let him bankrupt the family.
"Oh dad, I just have to have this one!"
|
|
Pillar of the Community
United States
5862 Posts |
|
|
Pillar of the Community
United States
4008 Posts |
Quote:
"Oh dad, I just have to have this one!" THAT is the time and place for Dads to say, "Well, good. Get a job so you can afford it!". |
|
Pillar of the Community
United States
5837 Posts |
I prefer to flip whenever I think I get a better deal, of course, then there are a few that I only want in possession. Ones that have sentimental value.
|
|
Pillar of the Community
United States
3486 Posts |
My dad was not one to buy coins.
"But dad, you have the 16-d and 21. Why not buy the 21-d?"
(Mercury Dimes, never happened.)
"But dad, ALL you need is the 38-d!"
(Walking Liberty - I did buy one.)
The dimes are gone.
So are Walkers - EXCEPT for the 21, 21-d, 21-s and 38-d.
My Walker collection consists of only four coins:
the ones which hold the most emotional value to me.
And the ones which are highly and easily salable.
Edited by matthewvincent
09/04/2012 6:28 pm
|
|
Pillar of the Community
United States
648 Posts |
Nice investment Barry. I don't stack collectible bullion, so I can't comment on the subject matter.
|
|
Pillar of the Community
United States
3670 Posts |
If your gonna keep til you pass and then pass to your son the current market value is irrelevant....
Just know it is one amazing set most could never afford and its value as we all know is gonna be WAY higher if the day ever comes that some of your children, or perhaps even their children cash in on it....
Eventually gold should be so high at some point, it will be a must move time to sell. Or one may never get that max peak value wherever that may lie one day. Maybe 10k plus well after were all dust in the wind. Even if finding a buyer willing to fork out 10k for a box collection set of now old gold eagles will not be an easy task, when gold may be 5 grand per oz. And no guarantees gold will ever see those prices even though I think it is real feasible....
|
|
Page 2 of 2
|
Replies: 19 / Views: 2,288 |
Page 2 of 2
|
First Page
Posted 09/04/2012 12:09 pm
