$20 Gold Coins - Coin Community Forum

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Author	Replies: 5 / Views: 1,056
kshaplin New Member United States 6 Posts	Posted 01/04/2007 12:19 am Hello to all, My name is Kevin and I've rediscovered coin collecting after a long absence since I was a teen (I'm 37 now). I must be honest, I am more interested in coins as a long-term investment...I know some of you "true" collectors frown on that. That said, I have done some preliminary research and wanted to throw out my thoughts to you all since you have much more knowledge than I given your years of experience collecting. I am particularly interested in the low-mintage, $20 gold coins (Liberty and Saint Gaudens), in MS63 or higher, PCGS graded. I have learned quickly that PCGS is the way to go as far as value retention. I keep hearing of this recent bull run over the past several years. However, it appears that despite this, one can still find some better dated MS63 and MS64 gold $20's for $900-$1000. Now, given that gold is currently at $628/oz. and there is nearly an ounce of gold in the coin, this doesn't really account for much numismatic value priced into the coin, and it is my thoughts that buying these now is not a bad idea despite the recent run. I would love to hear your thoughts on this before I pursue this. Kevin Edited by kshaplin 01/04/2007 12:27 am Report this Post to the Staff

Tbar Valued Member United States 191 Posts	Posted 01/04/2007 12:29 am Hi! I am also a reborn collector like yourself(33). From everything I have read over the past few months I agree with you. All signs seem to point to "old gold" being a real good value right now. Although I believe that the best value lies in the 58-62 liberty heads. Either way I think it is a safe bet, especially if you enjoy your coins. Take my opinions for what they are worth......not a whole lot. Report this Post to the Staff
Andrew289 Valued Member United States 470 Posts	Posted 01/04/2007 09:21 am Not a bad idea at all. I buy almost every 1908 no motto that I can fine in MS63-64. I prefer NGC though. Report this Post to the Staff
Prethen Pillar of the Community United States 3234 Posts	Posted 01/04/2007 09:29 am If you're going after $20 gold pieces and looking for "investment" opportunity, then stay away from the generic stuff, the stuff that's relatively common. There are some good dates and mint-marks in there that don't sell for a huge premium over the common stuff. Train yourself to get good at grading these pieces and recognizing the fakes. You'll be able to find some real prizes that are not in slabs plus some undergraded ones already in the plastic. Report this Post to the Staff
Bonedigger Pillar of the Community United States 1267 Posts	Posted 01/04/2007 09:40 am Those are the #2 and #3 investment coins from COINage. Sounds like COINage is bullish on all gold too. IMHO having PCGS attached to it doesn't add any value... Take Care Ben Report this Post to the Staff
DaBoz Valued Member United States 80 Posts	Posted 01/04/2007 10:42 am Premium over Gold value on coins is at a near low point due to the recent drop from the $700 range in gold. Many of the top dealers are recommending this as a good time to pick up generic pieces before the premium goes back up. Report this Post to the Staff
	Replies: 5 / Views: 1,056

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