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Replies: 19 / Views: 3,342 |
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Pillar of the Community
 United States
1609 Posts |
I'm spending my money in hopes of profit at the coin show in May. So far, I bought an 1838 large cent and basically doubled my money. Hoping to do the same, not necessarily with gold or silver, again.
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Pillar of the Community
United States
3516 Posts |
Roy, make sure you are including shipping costs, and the time it has taken. Dont rush into it so fast. You got lucky with the large cent. Congrats, but let it happen naturally. Let the deals come to you. Because sometimes what you think is a good deal might not be. You have to factor everything
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Rest in Peace
United States
17900 Posts |
It's always tough to wait for the right thing to show up when you have money in-hand. But ill bet there have been lots of times when you've seen something you really loved but didn't have the money. Wait for something you love. Don't forget that there are plenty of small, old, world gold coins, many in NGC or PCGS holders for protection, that are very near their gold melt value. Wouldn't it be neat to have a dozen different countries gold coins, all TPG, for a little more than melt value? Creativity and patience form the best collections.
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Rest in Peace
United States
7075 Posts |
I've never bought any gold with the thought of selling it for profit -- so take this with a grain of salt -- I feel that those tiny little bits of gold are novelty items. So you have to ask yourself who will buy it from you. They aren't scarce.
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Pillar of the Community
United States
4211 Posts |
 I would just save until I could purchase a 1/10 oz.
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Pillar of the Community
Canada
5255 Posts |
1 gram=15.4 grains. 1 oz troy=479 grains. so 1 grain gold=$2.40 and 1 grain silver=3.3 cents. These are today's prices in US$ .
So clearly for silver, the markup on these tiny things is nothing short of ludicrous. You could get 2 silver dimes (nearly 69 grains of silver) and have money left over for one $3 silver grain "bar".
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Pillar of the Community
United States
1068 Posts |
If you are that poor then you SHOULDN'T be buying gold or silver period...
Edited by Bryan78 12/31/2016 9:47 pm
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Moderator
 United States
54284 Posts |
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here)
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Valued Member
United States
343 Posts |
$40 is plenty to buy a little silver.
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Rest in Peace
United States
7075 Posts |
nss-52 -- that is one great article. Nothing like those photos to show just how tiny those things are.
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Bedrock of the Community
United States
12477 Posts |
Quote: "I'm poorer than a pile o poo right now."  That's me as well which is why I haven't purchased any coins yet much less bullion. I have looked at silver bars that are more in my price range but for investment, not quick profit. For profit, I would try to find deals on actual coins. That's a nice article nss-52. I don't think I could even find a 1 grain bar in a standard envelope if it came that way! I guess I'll have to get the 5 grain for my golden BB project. 
In Memory of Crazyb0 12-26-1951 to 7-27-2020 In Memory of Tootallious 3-31-1964 to 4-15-2020 In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
Russian Federation
5181 Posts |
If you want silly small amounts of gold just because you want to own some gold, get a fanam. It's basically the same thing as a 5 grain bar, except actual old money (not a random made-up bar), and probably cheaper. A lot of countries made 1/25 ounce, 1 gram, and even 0.5 gram gold bullion as well; those should also be pretty affordable, without being a silly bar. (And then there's the Lady Penrhyn coin of Cook Islands, which at 0.12 grams [about 2 grains] is the smallest modern gold coin ever.)
I'm planning to get a Byzantine tremissis as my first gold ($150), but I might yet find something cheaper. But it won't be a bar.
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Moderator
 United States
34447 Posts |
I agree with @buddy--nice work @nss!
"If you climb a good tree, you get a push." -----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed." -----King Adz
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Pillar of the Community
United States
3516 Posts |
Nice article NSS!! Thanks!
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Valued Member
United States
202 Posts |
Personally I'd buy silver while on a tight budget. Find a local coin shop which has some rounds for sale at a fair price to avoid the shipping costs online.
Nothing worse than only having enough to buy one or two ounces and paying $5.95 to ship on top of it.
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