Age / American Silver Eagle / ASE Why?

To participate in the forum you must log in or register.

Author	Replies: 10 / Views: 1,272
Jim1953 Pillar of the Community United States 2600 Posts	Posted 01/14/2007 9:27 pm I do not understand. From an investment standpoint, wouldn't you be ahead of the game to take a few more dollars and invest in comparable coins pre 1933. In the long run, are not these coins just bullion? Maybe I am all messed up, but for me I am putting my money in old high quality coins. Jim Report this Post to the Staff

Ralph Pillar of the Community United States 1582 Posts	Posted 01/15/2007 01:30 am Jim, I can't speak for anyone else, but I like the silver eagles (like the gold ones, too, but my pocket's not deep enough to buy them). Just something about that big beautiful coin - biggest coin ever minted by the US, and, for the most part, they're affordable in the better grades. Investment? My investment dollars are invested in raw gold, and hopefully, by the middle of the next decade, I'll realize a huge profit on my investment. But, my coin collection - I've bought the coins I have for the enjoyment and pleasure I derive from them, and the bulk of my coin collection is below the MS grades - probably wouldn't be considered valuable by anyone but me, but I love 'em. And, I love this hobby of our's. I've gotten alot of pleasure from it since I began collecting. Ralph Report this Post to the Staff
Jim1953 Pillar of the Community United States 2600 Posts	Posted 01/15/2007 08:32 am quote: Originally posted by Ralph Jim, I can't speak for anyone else, but I like the silver eagles (like the gold ones, too, but my pocket's not deep enough to buy them). Just something about that big beautiful coin - biggest coin ever minted by the US, and, for the most part, they're affordable in the better grades. Investment? My investment dollars are invested in raw gold, and hopefully, by the middle of the next decade, I'll realize a huge profit on my investment. But, my coin collection - I've bought the coins I have for the enjoyment and pleasure I derive from them, and the bulk of my coin collection is below the MS grades - probably wouldn't be considered valuable by anyone but me, but I love 'em. And, I love this hobby of our's. I've gotten alot of pleasure from it since I began collecting. Ralph Ralph, I guess I can agree with you when it comes to ASEs because they are such a small investment. However, since you invest in gold, why not pick collectible gold coins selling around gold spot and a comparable collectors value. Naturally, it gives you the "double edged sword" for possible gains. If, collector coins are due for the run up so many are prediction, it might be that they out perform the metal. Jim Report this Post to the Staff
dsking Pillar of the Community United States 2365 Posts	Posted 01/15/2007 09:03 am I diversify both in my collectibles and in the metals markets. I too like the ASE's but, don't particularly care for the AGE's for some reason. I invest in older Gold coins, French, Swiss, U.S., Canadians, Pandas and so forth as an investment as well as collectors. The wise investor will do so but, some prefer the ASE's for collectors values (possible long term), beauty and relatively low cost. Does that help? Report this Post to the Staff
Ralph Pillar of the Community United States 1582 Posts	Posted 01/15/2007 10:21 am Jim - To be frank about it, I can't afford the high dollar gold coins; whereas, I can buy a few grams of raw gold at a time without breaking the bank. At the risk of being redundant (I've spoken of this before) I'm a disabled vet, and live on that little piece of a check that the VA sends me each month. I do make a little extra from my leathercraft, but it usually doesn't amount to all that much at any given time - a little here, a little there. Guess what it boils down to is my pockets just aren't deep enough to buy gold coins, and still continue to collect the other coins I like so much. So.....I'll most likely stick to my game plan - buy coins for the pleasure I get from having them rather than their investment value. Ralph Report this Post to the Staff
Bryan1315 Bedrock of the Community United States 14454 Posts	Posted 01/15/2007 11:45 am some people just buy gold coins because of the failing dollar and they like to have Gold in hand just in case. The investor doesn't really think like a coin collector does, the collector would probably want the older coins (for history purposes)the investor doesn't care, as long as its made of gold they will buy it, it can be in form of a coin or a bar. There are some that collect the AGE's and thats a different breed all together also because they aren't investors, they are collectors. The bottom line is these are US minted coins and you will always have some people collecting them (for one reason or another) but as with any gold you will always have the investors also who only see the coins as a hunk of gold and would just as rather melt them down than keep them in coin form Report this Post to the Staff
Jim1953 Pillar of the Community United States 2600 Posts	Posted 01/15/2007 11:53 am quote: Originally posted by Ralph Jim - To be frank about it, I can't afford the high dollar gold coins; whereas, I can buy a few grams of raw gold at a time without breaking the bank. At the risk of being redundant (I've spoken of this before) I'm a disabled vet, and live on that little piece of a check that the VA sends me each month. I do make a little extra from my leathercraft, but it usually doesn't amount to all that much at any given time - a little here, a little there. Guess what it boils down to is my pockets just aren't deep enough to buy gold coins, and still continue to collect the other coins I like so much. So.....I'll most likely stick to my game plan - buy coins for the pleasure I get from having them rather than their investment value. Ralph Hey Ralph, I sure appreciate your plan, I was following the same early on as my darling wife watches the coin spending carefully. I started buying 1-5-10 grams a couple of yrs ago and with the run-up I have sold and turned the cash back into gold coins. I'm like you, enjoy gold and love coins. Jim Report this Post to the Staff
Jim1953 Pillar of the Community United States 2600 Posts	Posted 01/15/2007 12:02 pm quote: Originally posted by Bryan1315 some people just buy gold coins because of the failing dollar and they like to have Gold in hand just in case. The investor doesn't really think like a coin collector does, the collector would probably want the older coins (for history purposes)the investor doesn't care, as long as its made of gold they will buy it, it can be in form of a coin or a bar. There are some that collect the AGE's and thats a different breed all together also because they aren't investors, they are collectors. The bottom line is these are US minted coins and you will always have some people collecting them (for one reason or another) but as with any gold you will always have the investors also who only see the coins as a hunk of gold and would just as rather melt them down than keep them in coin form Hi Bryan, Sure appreciate you thought. In your opinion, is their really anything from the mint that carries investment value. And, I don't have enough left in the tank to wait 50 years. Jim Report this Post to the Staff
Bryan1315 Bedrock of the Community United States 14454 Posts	Posted 01/15/2007 12:05 pm sometimes you get lucky with certain dates but usually the answer is not really. But like I said the investor would just as rather melt down all their coins (whether it be pre33 or newly minted coins) for the gold content thats inside because they are not collectors and all they care about is how much gold is in the specific coin that when they sell it they can get that amount for it. They have absolutely no interest in the coin or how old it is all they care about is what the coin is made out of Report this Post to the Staff
houston_guy462004 Valued Member United States 235 Posts	Posted 01/15/2007 12:16 pm Invest in precious metals through a brokerage firm like Fidelity Investments. The investmentin a gold mutual fund is safe from burglary and can be liquidated with the click of the mouse at the end of the business day. Old American gold coins are for collecting. I agree that they should be purchased when the spot porice falls. Gold coins before 1839 (Classic Head and Turban Head) are the most likely ones to surge in numismatic value. Report this Post to the Staff
Bryan1315 Bedrock of the Community United States 14454 Posts	Posted 01/15/2007 12:22 pm I know "investors" that do it both ways, some do all their trading online and never have to see the gold they purchased and I know some that like to have what they are buying in their possession and I know others that do it both ways. An investor is a tricky animal and sometimes very hard to figure out what they are thinking when they do some of the things they do, but one thing that seems to never change no matter what they are purchasing is they want to know how much gold content is in what they are purchasing, thats why I have alot of investor friends that have a safe full of the gold buffalo coins because of the gold content and when they look in the safe they do not see coins all they see is a big hunk of gold Edited by Bryan1315 01/15/2007 12:25 pm Report this Post to the Staff
	Replies: 10 / Views: 1,272

To participate in the forum you must log in or register.

All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.35 seconds to rattle this change.

Age / ASE Why?