| Author |
 Replies: 26 / Views: 2,485 |
|
New Member
United States
48 Posts |
As a newbie, I'd like to take some advice from those who responded to my thread, "What's the Prettiest US Coin." Many mentioned the St. Gaudens Double Eagle. Did you fail top mention that it ALSO happens to be one of the most expensive? I would like to own one, but the nicer, more rare, go for a grand or so.My question is this. What's the most you would spend on a single coin if:(a) You didn't have to take out a second mortgage (b) You told your wife or spouse it was an investment(c) Really, really, REALLY liked the coin (d) Could get a fairly good deal on it.Be honest. My marriage depends on your answer. Edited by averyb2
04/14/2007 8:17 pm
|
|
|
|
Moderator
 United States
6563 Posts |
I personally can't afford to spend too much at the moment. Normally though I'll spend around $5 per coin it it's worth that much, or less. But if I were to get a much more expensive coin I would only get it if it were priced way below it's actual cost. Like if a coin were booked at $50 I'd try and get it for $25-$30 if I could.
I know some people on here only splurge once a year to get a higher dollar coin that will defiantly prove to be a worthy investment.
|
|
Valued Member
United States
346 Posts |
I usually pour all of the liquid cash I have into coins. I buy all the coins that I need, and have stopped buying coins in sets that I don't collect.
|
|
Moderator
 United States
23522 Posts |
When I finally develop the courage to buy a St. Gaudens, I've settled on finding a nice, raw AU55-ish example. They can be had for a little over $700, and a little care will find you one with much better eye appeal than an MS60-63 example costing $100-200 more. Here's an example: http://www.harlanjberk.com/unitedst...s&linenum=35 |
|
Pillar of the Community
Australia
655 Posts |
Can I get one at face value?  |
|
Moderator
United States
6563 Posts |
Sure! But the shipping is gonna cost ya.  |
|
New Member
 United States
48 Posts |
I suppose I could always opt for a Single Eagle or a Gaudens that never made it to sainthood...
|
|
Valued Member
United States
455 Posts |
avery, interesting post. What are your answers to the same questions?
Edited by TSmith3510
04/14/2007 9:57 pm
|
|
New Member
United States
48 Posts |
MY RESPONSE TO MY OWN QUESTION: I would only spend a few hundred on a single coin I couldn't live without. It's the way I look at my art collection. I buy what I like and what I can afford, without regrets.
Edited by averyb2
04/14/2007 9:44 pm
|
|
Valued Member
United States
69 Posts |
This is just me, and everyone is different...but I'm one of those "crazy" collectors who will sink ALL of my extra cash into a coin that I really like. I know I'm not the only one  The $20 Saint IS one of the most beautiful coins in my opinion, but as you said, the cost can be prohibitive. The American Gold Eagle bullion coins feature the Saint Gaudens design on the obverse and also an attractive reverse, so that is an idea that could save you some cash and still give you a beautiful US gold coin. They come in sizes to fit almost any budget. ~Jim |
|
Moderator
United States
23522 Posts |
quote:
I suppose I could always opt for a Single Eagle or a Gaudens that never made it to sainthood...
 You and I are going to get along just fine here. |
|
New Member
United States
48 Posts |
"Warped Humor R Us" to coin a phrase, Super Dave еееее FYI: Avery B. is a character in one of my published novels. My name is Jeff.
Edited by averyb2
04/14/2007 10:00 pm
|
|
Bedrock of the Community
United States
14454 Posts |
I am definately not the one to be asking a question like this because since I started the dansco 7070 album I have bought more $500.00 + coins than I ever thought I would ever own and some of the coins being multiples of the $500.00 minimum as both the st gaudens and the 20 dollar liberty hole have both been filled already, but I believe I spent more for my ms-60 Bust Large Cent than I did my MS-64 20 dollar st gaudens
Edited by Bryan1315
04/14/2007 10:22 pm
|
|
Valued Member
United States
455 Posts |
I can see spending "a few hundred" on a coin. From there it's not much a leap to $500 for a coin. And if I'm buying a few coins at that price, it's pretty easy to justify a $1000 coin. I'd have to REALLY want a coin to spend over $1000 for it, plus I'd have to do my homework and make sure it was a fair price. It helps me to think of it as transferring assets, not spending money.
|
|
Moderator
United States
23522 Posts |
quote:
It helps me to think of it as transferring assets, not spending money.
Never lose sight of that fact. When we talk about quantities of money on this scale, it's imperative that the future be considered. This is a unique hobby in that aspect; everything we buy is of investment value, whether we purchase it with the future in mind or not. |
|
Pillar of the Community
Australia
655 Posts |
One thing to be careful of as a newbie like me when buying an expensive coin is getting something that is actually worth the price. ebay is full of sellers that don't grade properly, have poor photos and can advertise a UNC coin that only grades EF. Even apparent good photos can hide certain defects. It definitely helps if you learn to grade but this can take a lot of practice. It may pay to buy cheap for a while until your skills improve. Strangely enough gold and silver coins are a safe way to start if you keep near bullion value, no matter what the seller says the grade is. If you buy a gold coin thinking it's UNC but turns out to be only a fine yet have only paid bullion price you don't lose anyhing over it. If you pay big $ for a UNC and it turns out to be a lower grade that's when you can lose money big time. |
| |
Replies: 26 / Views: 2,485 |
Posted 04/14/2007 8:15 pm
