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 Replies: 15 / Views: 1,313 |
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New Member
Germany
28 Posts |
Hi,
I do not know if this question is too stupid, but I will try it ;) :
I would like to buy some small (under 1 oz) US gold coins.
Which one would you buy if you are interested in a rise of value in the future: $2,5 Indian Head, $2,5 Liberty Head, $5 Indian Head or anything else?
Thank you.
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Pillar of the Community
United States
1984 Posts |
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Pillar of the Community
United States
2269 Posts |
Low mintage 2.5 Liberty are an under looked series.
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Bedrock of the Community
United States
14454 Posts |
looks like we all have different opinions, I always liked the incuse design of the 2.5 and 5 dollar indians but the liberty 2.5 is more expensive than the indian but it is reversed for the 5.00 coin, the indian is the more expensive of the two. I can't say I can recommend any of the 1 dollar coins because they are just so small, if they werent added into the dansco7070 album I would have skipped these coins all together
Edited by Bryan1315
10/22/2007 8:21 pm
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Valued Member
United States
83 Posts |
I know you mention only US, but dont count out Foreign Gold... many very low mintage issues can be had for around melt value.... I really am very bullish on these.... I think they are wonderful to collect and just maybe down the road will have some nice value potential.... I would also suggest that you collect what you have the most interest in....Good Luck
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Pillar of the Community
Australia
655 Posts |
quote:
dont count out Foreign Gold... many very low mintage issues can be had for around melt value....
Feel free to elaborate.  Edited by Learjet
10/23/2007 03:51 am
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Pillar of the Community
Australia
3831 Posts |
From the sound of it, it sounds like you want a quick profit. If you are into short term investment, I'll be quick to pour freezing water all over you - don't. You will get the wrath of most collectors as there are countless number of stories of how non collectors ruin some very nice coins by not understanding what coins are. First thing you should do is actually not blindly buying what looks profitable but instead understand what you are buying first. Sometimes some crooks may sell you something as you wouldn't understand what you are buying as well as not able to understand other people's perspective on the value of such coins. Next thing that I must preech all non coin collectors is that coins are not like jewelleries - don't ever clean them. You would try to keep it in a safe place with good conditions - i.e. not humid, warm etc. Note, this is a collector's forum - not an investment forum. Welcome to coincommunity.com by the way. My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Valued Member
United States
159 Posts |
I like the 1/10 oz. Proof gold eagles. Low mintages and near bullion prices.
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Pillar of the Community
United States
2254 Posts |
Welcome to the forum superdog. You have been given quite a few choices, but in essence it will come down to what you like.
Are you a collector right now, or just considering putting your money into gold for some future speculation? I agree with what gxseries has said, but only to a certian extent. You will not incur my "wrath" per say by buying coins for investment. I myself buy coins for pleasure AND investment purposes, as do countless others on this forum.
Having said that, gxseries was correct in that it will behoove you to get knowledgable about the coins prior to buying them. There are a lot of fakes out there online, and only knowledge will keep you safe. If you are merely looking for gold bullion, you may do better with an online service that sells just that. If it's coins you want, you've come to the right place to learn and become educated.
The only stupid question is the one that goes unasked.
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Pillar of the Community
United States
1691 Posts |
2.5 indians-- only incused coins ever made in the USA...their stock is rising!
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Bedrock of the Community
United States
14454 Posts |
quote:
2.5 indians-- only incused coins ever made in the USA...their stock is rising!
The 5.00 gold Indians were the incuse design also |
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Bedrock of the Community
United States
20753 Posts |
Always like asking which car sould I buy, which person should I marry, who should I vote for. I always suggest you go to a coin show and just walk around looking at everything and make a list of what you like. Of course it does pay to ask just to see if everyone has the same opinion. Usually not.
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Pillar of the Community
United States
1691 Posts |
I stand corrected...thanks Bryan...2.5 is a shorter series and more affordable to collect, so I still think it is the best to go after.
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Valued Member
United States
76 Posts |
Are you looking more for the numismatic aspect, or more to invest in the value of the gold? You will pay less for bullion coins (a few percent over spot): fractional (1/10, 1/4, or 1/2 oz) Gold American Eagles - and they will always track the spot gold price. These coins are not rare, and you should not pay more for one that's graded or "perfect." Go to a trusted dealer like golddealer.com or APMEX.com or ajpm.com and you will get a fair price (or try a local coin show and try to beat those prices). The best buy for gold bullion is usually 1 oz. Krugerrands - about $6 over the spot gold price. Getting into the numismatic stuff requires learning a lot more in order to get a good deal and know what you are buying and whether it will increase in value. It is much easier to get "ripped off" if you don't do your homework. Just asking for advice on here, while a good first step, is not enough knowledge. My recommendation would be either to stick to bullion (at least at first), or try to buy some common date XF or AU $5 Liberties for close to their gold value (in other words, .2419 x the spot gold price) or $10 Liberties (.4838 x spot gold price). You will probably have to pay at least 5-10% over their melt value, but your risk of getting ripped off is small, since the coins will always be worth at least the price of their gold content (and if gold keeps going up, you will be guaranteed to make a profit - which is not the case if you pay $2,500 for a "rare" graded numismatic coin). I personally love these coins since you can currently pick them up for close to their gold content, but you get an old coin that you can enjoy, you will make money if gold goes up, and there is a chance they will one day rise in price above their gold value. That being said, those old U.S. gold coins (in common dates and average grades) are pretty common, and may never be worth much more than their gold content. Some here will totally disagree and think you should get very rare dates, highly graded coins, or low mintage items like $3 gold pieces. But even they will agree that you should learn a LOT more before you venture into those waters - the risk of getting ripped off or losing money is inversely proportional to how much you know about the field. |
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Bedrock of the Community
United States
17884 Posts |
quote:
Always like asking which car should I buy, which person should I marry, who should I vote for.
I think it's more like asking what stocks will go up the most by 2009. If anyone could actually answer these types of questions accurately and consistently, they could make Bill Gates look like a piker. And if they could really tell you which coins were going to go up, they would be buying them up themselves and broadcasting it and increasing the competition. (Unless they already HAVE their position in the piece and are now using their "prediction" to manipulate the market and increase the price, self fulfilling prophesy, so they can sell their position.) Then it falls again shortly after the promotion has run it's course. |
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Valued Member
138 Posts |
Hi superdog, Any of the older Chinese Pander proof gold coins, 24k or unc with low mintage. Also any Saint Gaudens 20 Dollar in Au or unc below the current bullion cost. As well as the $10 Indian and any key piece. Bigger denomination coins carry their weight in gold due to rising bullion value. Usually Chinese jewelry shops carry the Panders at a more affordable rate than any coin shop. Homer
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Replies: 15 / Views: 1,313 |
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Posted 10/22/2007 5:37 pm
