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 Replies: 18 / Views: 5,012 |
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Valued Member
United States
321 Posts |
I would like to know the opinions of others on the subject of bullion vs. numismatic gold. Specifically, which would you rather collect if you had to pick one (and why). Don't say both! Pick one and give a reason. I'll start by picking the side of numismatic gold. It's historical, it's beautiful, and the designs are amazing. I must admit that I'm a coin collector and not a coin investor.
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Bedrock of the Community
13014 Posts |
Numismatic gold for me too. More so than silver gold has a long way it can drop at its current price which the numismatic aspect of the coin provides protection for. If the spot value ever exceeded the numismatic its value would increase anyway, and like you mentioned theirs more history to it and certainly a lot rarer.
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Pillar of the Community
Canada
5417 Posts |
I would say for every 4oz of gold bullion you should have 1oz of numismatic gold.
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Pillar of the Community
United States
3184 Posts |
honestly get both. I like old gold and new gold :)
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Pillar of the Community
Canada
3692 Posts |
Having some of each I can say that I like gold coins better than I do gold bullion. There are advantages to both. I especially like small gold coins because they don't hog up that much of the world's gold for a single object. I enjoy the history in these little coins and I like the strikes and the artistry as mints can punch in a lot of detail into gold. Displaying and show and tell is also MUCH more interesting in numismatic issues than with bullion. Bullion is like: look at how much money you don't have hahaha, and gold coins is like: wow that's old money? Drool, I want to start a collection too...
My favourites from the last 20 years are the Canadian "200 Dollars" 1997 Haida mask and the 1999 Mikmaq Butterfly. Too bad they use up too much gold to get the point across, but they are beautiful!
Edited by Libertad
02/11/2014 12:58 pm
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Valued Member
United Kingdom
183 Posts |
never let the children name farm animals.
keep your pets mentally seperate from those you farm for food/income
keep bullion for sale, keep numismatic.
HH
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Pillar of the Community
United States
1200 Posts |
Bullion vs. numismatic gold is more than just merely a "which do you prefer" consideration. They can serve different purposes. Which of the two you
choose to collect IMO should be a function of your collecting objectives. If you have multiple objectives, collecting both might be the right thing to do.
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Pillar of the Community
Canada
3049 Posts |
I really feel I should chime in on this one... as gold coins are VERY much what I'm all about.
Bullion is just that.. a simple piece of metal... buy it.. sell it.. store it as a hedge.. it's part of the overall investment portfolio... better yet if you can buy bullion and sell it to someone who identifies it as a numi.. e.g. Pandas... (sigh)
Numi gold... now this stuff has history.. the designs on the coins really have had something to say about the country of origin. There are some really nice neat pieces out there that have great history. When the coin has a story to tell it is appreciated a whole lot more and can be a great conversational piece.
At a dinner party I don't show my friends a GML or AGE or kruggar.. they're boring.. but a piece of spanish gold... or even the Haiada mask that was mentioned earlier... those are so beautiful and will make you happy as a collector.
So really the question will get bounced back to you.... are you using gold as an investment vehicle... or are you collecting it.
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Rest in Peace
United States
7075 Posts |
Quote:
never let the children name farm animals.
 I only collect coins -- but I expect I will sell some of them sooner or later. The ones I'm attached to go into The Coin Collection Notebooks. The rest are in boxes and remain unnamed. |
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Valued Member
 United States
321 Posts |
Some good posts here. I'm a numismatic gold buyer myself. Bullion is so boring to me. A Sovereign from the 1800's or a $10 Indian, now that's the stuff I like! Someone posted earlier about collecting small gold from around the world. I do the same. Ducats from the 1500's-1700s are so cool. I'm thinking of giving an educational program at the coin club about gold Ducats. What do you think? Thanks again for the posts.
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Pillar of the Community
Canada
3692 Posts |
Forgot to add that bullion is good backup if I needed to make an alloy I didn't have in stock. Silver's not that useful but gold can be karated down (and up). I'm probably one of the only people here who does that (there are a few but they are wise to stay in cognito). So while I enjoy coins much much more, bullion is good if I need to raise funds for my business. I stick to Canadian Maples in this way because of the higher purity and domestic product.
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Valued Member
United States
321 Posts |
Wow that's interesting, and I hear you on the Canada maple with its four nines fine. I have a 1/4 oz but that's it.
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New Member
United States
22 Posts |
As someone newer to the hobby, I find myself striving more for quantity over quality - so to speak. So I've mostly purchased bullion at this point. My focus is more on bang for my buck at this stage of the game. I do, however, desire to own all of the 'pre-'33' stuff. The $5 indian coin is the one I really, really want though. That point will come though, I am sure.
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Valued Member
Canada
293 Posts |
Bullion for me. I'm in it to hopefully ensure I have an untracable investment that the government doesn't know about and cant take away if they so chose. I'm finding that the glitter and beauty of the numismatic is making me purchase things way beyound bullion value and than when I need to cash in, my investment may or may not have paid off. Way more chance of success if I stick strickly with bullion. The question is whether or not I can hold onto my own idealology.
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Pillar of the Community
United States
5841 Posts |
As a coin collector, I prefer to collect numismatic gold. As an investor, however, I have to acknowledge that common date numismatic gold coins have hideously high premiums and will likely never be worth more than I pay for them. So if I'm buying strictly for investment, I'm either going to go with pure bullion with a low premium or rare gold coins that will always have a collector's premium.
For me, this means collecting a very small number of numismatic gold to fill my 7070 album and one or two other select coins (such as my Type II Indian Head gold dollar). All the rest of my gold is in bullion form (and I include modern gold coins in this category such as American Gold Eagles and Gold Maples).
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Pillar of the Community
United States
808 Posts |
The higher gold prices that we've seen in recent years have greatly reduced the numismatic premium. All things equal, if the difference in premium is small enough (percentage wise), the numismatic products are likely the better value.
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Replies: 18 / Views: 5,012 |
Posted 02/11/2014 10:58 am
