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Replies: 26 / Views: 3,157 |
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Bedrock of the Community
13014 Posts |
Quote: But we are assuming that the numismatic coin market doesn't take a nose dive and where you cant sell the proofs etc for what you paid for them down the road. Then they might not be much better then buying bullion... There is a chance that can happen and would happen if your talking shtf. But even in down times numismatic markets fare better than bullion, that dosent mean you wont still love money on them buying at a bad time but it does give some cushion to the value.
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Pillar of the Community
 United Kingdom
616 Posts |
So when you are talking about numastic gold coins what are some good examples.
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Pillar of the Community
798 Posts |
Shouldn't a gold investment be in gold bars and that kind of thing and then a gold collection should be a gold coin collection. Or some kind of gold antique collection.
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Bedrock of the Community
13014 Posts |
Star Id define those as hard to find special items. If you look at the 2009 UHR gold eagle in the pcgs 70 for example that still sells for a minimum of 3k and its value has been unaffected or minimally at best despite the drop in spot
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Pillar of the Community
 United Kingdom
616 Posts |
Normic
My original question was about bullion coins which I prefer to bars because most people seem to have more faith in the gold content of coins produced by government than bars or rounds produced by private mints. The crux of the original question was because gold bullion coins are the type of asset you probably hope to never liquidate are you better off sticking to the tranditionally popular Maple Leafs and Eagles or is there some value in adding bullion coins from different countries. Even if that value is only that it makes your collection and collecting more interesting for you. Hope that makes sense.
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Pillar of the Community
 United Kingdom
616 Posts |
Edited by starbuxinvestor 06/13/2013 08:00 am
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Bedrock of the Community
13014 Posts |
Star link didnt work if you were trying to link something
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Pillar of the Community
Canada
2019 Posts |
Edited by Northerncoins 06/13/2013 06:52 am
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Bedrock of the Community
Australia
21788 Posts |
My first NUMISMATIC gold investment was an ancient Greek gold stater, of Philip 11 of Macedon (father of Alexander the Great).
That piece was purchased from Spink's of London, arguably the World's most authoritative source for ancient coins at the time. That was way back in 1978. I still have the piece, and ALL of the purchase documentation and polaroid photographs pertaining to the purchase. If you are into obtaining this sort of material, purhasing from a source of the highest reputation is essential. These coins have been heavily faked.
Nevertheless, the prices of top quality numismatic items is subject to market variability, just like anything else. What IS important with type of item though, is it's price is partly based on the bullion value, (to a lesser extent) and the numismatic art value (to a greater extent).
Both the gold bullion and the numismatic / art markets tend to be countercyclical, relative to the general economy.
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Pillar of the Community
Canada
2019 Posts |
I agree sel_69l that's one reason I don't like to buy high end coins on ebay etc. Some sellers just sell the coin and don't have much if any documentation to go with the coin ,plus the problem of fakes is higher there. When I buy any coin I keep all the packaging , recipes, coa etc and store them together , it might not matter much on the low end coins but hey you never know in 5/10 years some low cost sleeper coin might be a diamond in the ruff.
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Bedrock of the Community
13014 Posts |
Star just saw your link so up not sure what happened there.
The 70 libertards would likely qualify but I would be a little weary of the brand new stuff. I would have to check the population reports and see how many of those are getting the 70.
I would want to find one where it wasnt that common as the premiums for the brand new ones are erroding compared to years past with how good the minting is getting. It will still have a premium though so I would say it would qualify it just might not be my first choice
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Replies: 26 / Views: 3,157 |