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 Replies: 14 / Views: 2,336 |
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Pillar of the Community
United States
592 Posts |
I finally took the plunge and bought a bit of gold this weekend. I had a bit of spare cash on hand. I needed to go for something small - I didn't have that much cash, but I had enough to get an appreciable fraction of an ounce. So here's my first ever gold coin, a 1999 1/10 oz proof Australian Kangaroo (it looks like a reverse proof in hand, really). Sorry for the picture quality, but my phone's the best camera I've got.   It's pretty. I like it. I want to get more eventually. |
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Bedrock of the Community
 United States
12812 Posts |
Nice! I like it too.
If you're going to buy gold for investment you will probably want to save up and buy larger coins. Premiums are bad on the smaller gold coins. However if you're just collecting to collect, that's great, keep it up!
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Bedrock of the Community
United States
11951 Posts |
I like those gold nugget coins .. Good choice  |
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Pillar of the Community
 United States
592 Posts |
I'm not interested in coins as an investment, just collecting purposes. There are no plans to sell any of the coins I own.
I knew it was going to be a good day Saturday (when I bought the coin). My brother was graduating, so I was staying at my in-laws' place. My spouse found a penny on the floor when we woke up - a 1909 Lincoln. No VDB, but hey, I'll take a 1909 Lincoln any day of the week.
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Pillar of the Community
United States
807 Posts |
My one & only gold coin is a Tokugawa-era Japanese piece. It's rectangular, about 30% gold alloyed with silver, but still distinctly yellow.
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Rest in Peace
United States
7075 Posts |
Great coin! I love any coin with an animal on it.
And congrats on your first gold.
I still remember the day I bought my first gold coin. I checked the spot price before I left home, and again at the coin shop, and by the time I got home, I'd lost money. LOL No matter, like you, I don't think I will ever sell it.
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Bedrock of the Community
Australia
21786 Posts |
It took me a long time to adjust to the fact that gold is just another coinage metal. These days I try to look at gold with the same appreciation as with bronze or silver coins.
I try to collect gold coins that have fully qualified for normal circulation. Most gold coins from ancient times up until 1800 were intended for, and saw at least saw limited circulation. They were more often used as a store of wealth by kings or government.
Such a circulation coin would be the Sydney Mint Half Sovereign; it was mainly intended for circulation, whereas the Sydney Mint full Sovereign was mainly intended for international trade, for the purchase of imports into Australia.
The circulation history of the Sydney Mint Half Sovereign is indicated by the fact that high condition examples are extremely hard to find. They were minted in only about 1/10th of the numbers (due to circulation demand) of the full Sovereign over the same period of 1855 to 1870.
High prices prevent me from obtaining one in high condition.
Gold has awe, because it has real value and beauty attached to it. I have tried to get away from this idea.
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Moderator
 United States
187662 Posts |
Very nice!  I still own no gold. Maybe one day.  |
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Pillar of the Community
United States
1911 Posts |
Same boat as you are, jbuck! Someday, though. For now enjoying other members' gold is fine! :D
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Moderator
United States
187662 Posts |
I was tempted by the MacArthur (5 Star Generals three coins set) and the Kennedy. Just could not swing it.
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Bedrock of the Community
United States
10029 Posts |
What a beautiful REV. I also like the OBV much better than the "anybody's grandmother" effigy of the queen on modern Canadian coins. coins.
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Valued Member
United States
61 Posts |
I bought my first gold coin just before it dropped around $40.00 an ounce, I should feel good though as some say crying makes you feel better.
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Pillar of the Community
United States
604 Posts |
Nice purchase, but I would have to put it something more fitting. That container looks like the coin has a lot of room to slide around in and sliding=scratches.
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Bedrock of the Community
United States
20753 Posts |
Good going. However, it could become addictive. Some people get one and stop. Others keep on and on and on. Good Luck.
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Bedrock of the Community
Australia
21786 Posts |
I bought my first gold coin for $7.50, 50 years ago, when I was still in high school. I was lucky enough to be able to spend some money then, because I was working for my father part time, from age 12.
The coin?
An 1886 Sydney Mint Half sovereign, in good VF condition.
It had about $5 worth of gold in it at the time. Applying inflation rate only, over 50 years, that gold in today's values would be about $34. In reality, the current bullion value is about $140.
Unfortunately and alas, that coin was sold in 1976, albeit at quite a nice profit, because I needed the cash at the time.
Edited by sel_69l
05/14/2015 11:55 am
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Replies: 14 / Views: 2,336 |
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Posted 05/11/2015 7:43 pm
