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Approach To Gold Coins, Investment Or Collection?

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basebal21's Avatar
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 Posted 06/12/2013  10:21 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

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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starbuxinvestor's Avatar
United Kingdom
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 Posted 06/12/2013  11:09 pm  Show Profile   Bookmark this reply Add starbuxinvestor to your friends list Get a Link to this Reply
So when you are talking about numastic gold coins what are some good examples.
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Normic67's Avatar
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 Posted 06/12/2013  11:28 pm  Show Profile   Bookmark this reply Add Normic67 to your friends list Get a Link to this Reply
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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basebal21's Avatar
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 Posted 06/12/2013  11:49 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
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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starbuxinvestor's Avatar
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616 Posts
 Posted 06/13/2013  12:32 am  Show Profile   Bookmark this reply Add starbuxinvestor to your friends list Get a Link to this Reply
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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starbuxinvestor's Avatar
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 Posted 06/13/2013  12:45 am  Show Profile   Bookmark this reply Add starbuxinvestor to your friends list Get a Link to this Reply
Edited by starbuxinvestor
06/13/2013 08:00 am
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basebal21's Avatar
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 Posted 06/13/2013  02:02 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Star link didnt work if you were trying to link something
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Northerncoins's Avatar
Canada
2019 Posts
 Posted 06/13/2013  06:43 am  Show Profile   Bookmark this reply Add Northerncoins to your friends list Get a Link to this Reply
Here is one proof from the RCM , its 1/4 oz gold which is about the smallest gold coin I would buy as its about the same size as a penny, its 20mm a penny is 19 mm

http://www.mint.ca/store/coin/14-oz....UbmhgRdJNcw


This other one I have on order as it goes with a set of sorts with the new Canadian allegory bronze,silver,gold set of coins.

http://www.mint.ca/store/coin/14-oz....Ubmi6hdJNcw
Edited by Northerncoins
06/13/2013 06:52 am
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sel_69l's Avatar
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21788 Posts
 Posted 06/13/2013  07:38 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
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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Northerncoins's Avatar
Canada
2019 Posts
 Posted 06/13/2013  07:56 am  Show Profile   Bookmark this reply Add Northerncoins to your friends list Get a Link to this Reply
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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basebal21's Avatar
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 Posted 06/13/2013  5:00 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
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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