1-Oz Common Date Gold, 1-Oz Bullion Gold, 1889-CC Morgan......

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Author	Replies: 2 / Views: 1,058
dom Valued Member United States 265 Posts	Posted 03/03/2012 07:32 am So, I have a little spending money. Great, now the discussion for LONGTERM investment. Do you invest in the precious metal or the numismatic value. Yes it just may be a matter of opinion, or can one of our CCF's more learned colleagues give some concete advice. Bullion gold is just that bullion and it will vary with market....for the most part. A common date gold piece, i.e., St. Gaudens will cost a little more over bullion pricing. However purely from a precious metal standpoint, an 1889-cc Morgan is just .77oz of silver, but in a low/midgrade it's numismatic value is that of the other 2. As always thanks again for everyones' insight . All opinons appreciated Report this Post to the Staff

Morbidsteve Valued Member United States 74 Posts	Posted 03/03/2012 07:44 am I kind of do both. When I purchase numismatics and/or bullion, I tend to find someone selling them bother together, so what I do is offer him a price for some of each, depending on what I want of his, and I usually get good numismatics at below bullion price. On the bullion side, my personal opinion is that when the stock market recovers then the price of PMs will fall due to people not needing or wanting to hedge their other positions with it. None the less, I'm still buying because I'm in for the long haul. On the numismatics side, yes that 1889CC is worth a lot, but the value isn't going to necessarily fluctuate so much as the years go on (not to my knowledge at least) so you're coin that is worth, say, $2000 today, might be worth a bit more in ten or twenty years, but not much. Lets just say this, you won't beat out inflation with it. Steve Report this Post to the Staff
JimR Pillar of the Community United States 1490 Posts	Posted 03/03/2012 10:05 am I have only purchased a handful of gold coins and the ones I have purchased are a couple St. Gaudens, $10 Indian, and a $5.00 Liberty. Most of these were purchased at a modest premium over the spot as they are commone date pieces. For example I have a PCGS MS61 St. Gaudens that I paid $125.00 over spot for from a dealer that I do business with. My personal opinion is that I prefer to buy gold coins that have some numismatic value and I dont mind paying a modest/reasonable premium for it. However a CCF member was recently selling a 2006 Gold Buffalo for a reasonable price and had I been in a position to purchase it right now I would have. I am in this for the long haul so I believe that the price I or you pay now for gold whether its bullion or a common date numismatic gold piece will be eclipsed in the future. Report this Post to the Staff
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