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Because Logic Works Like That.

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Author Previous TopicReplies: 19 / Views: 3,342Next Topic Page 2 of 2
Pillar of the Community
United States
1609 Posts
 Posted 12/31/2016  6:31 pm  Show Profile   Bookmark this reply Add RoyCoinBoy to your friends list
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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United States
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 Posted 12/31/2016  6:34 pm  Show Profile   Bookmark this reply Add Dustin6 to your friends list
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
Rest in Peace
United States
17900 Posts
 Posted 12/31/2016  6:37 pm  Show Profile   Bookmark this reply Add moxking to your friends list
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.
Rest in Peace
United States
7075 Posts
 Posted 12/31/2016  6:55 pm  Show Profile   Bookmark this reply Add Buddy to your friends list
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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United States
4211 Posts
 Posted 12/31/2016  9:22 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list


I would just save until I could purchase a 1/10 oz.
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Canada
5255 Posts
 Posted 12/31/2016  9:26 pm  Show Profile   Bookmark this reply Add oriole to your friends list
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".
Pillar of the Community
United States
1068 Posts
 Posted 12/31/2016  9:43 pm  Show Profile   Bookmark this reply Add Bryan78 to your friends list
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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54284 Posts
 Posted 12/31/2016  10:17 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list
Show your financial support of the Coin Community Family (click here)
See my topic on Mexican Numismatic Medals (click here)
Valued Member
United States
343 Posts
 Posted 12/31/2016  10:42 pm  Show Profile   Bookmark this reply Add SpaceMaNy0 to your friends list
$40 is plenty to buy a little silver.
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United States
7075 Posts
 Posted 12/31/2016  10:57 pm  Show Profile   Bookmark this reply Add Buddy to your friends list
nss-52 -- that is one great article. Nothing like those photos to show just how tiny those things are.
Bedrock of the Community
United States
12477 Posts
 Posted 01/01/2017  12:09 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list

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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Russian Federation
5181 Posts
 Posted 01/01/2017  07:47 am  Show Profile   Bookmark this reply Add january1may to your friends list
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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 Posted 01/01/2017  08:32 am  Show Profile   Bookmark this reply Add Spence to your friends list
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
Pillar of the Community
United States
3516 Posts
 Posted 01/01/2017  11:43 am  Show Profile   Bookmark this reply Add Dustin6 to your friends list
Nice article NSS!! Thanks!
Valued Member
United States
202 Posts
 Posted 01/12/2017  4:08 pm  Show Profile   Bookmark this reply Add TMK65 to your friends list
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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