| Author |
 Replies: 18 / Views: 4,175 |
|
Valued Member
469 Posts |
Hello, I am looking to purchase my first gold coin and I am looking for one that is small and was meant to be circulated. For example, the United States $1 Gold Dollar, Prussian 5 Mark, etc...
Anyone else have any suggestions? I've tried looking through numista but it seems like some information on coins, or the coin itself, has been deleted from the catalogue.
|
|
|
|
Pillar of the Community
United States
7390 Posts |
Dont know what your budget is but California fractional gold is awesome!
|
|
Valued Member
United States
258 Posts |
I love collecting $1 gold coins. I'm sure you realize how small they are, so it is important to get good magnification on them. They are also heavily counterfeited for jewelry, so be aware. Many of the $1 gold coins sold on ebay come from jewelry pieces, so even if they are real, they can have problems which limit their numismatic value. But, you can find nice looking ones for less money that way, too. Anyway, JMHO. Good Luck! Edit: The Whitman Guidebook: United States Gold Counterfeit Detection Guide is a useful resource to have if you are going to collect gold coins IMHO. Edited by rahtbarg
06/05/2015 10:25 pm
|
|
Pillar of the Community
 United States
5828 Posts |
Be ware of the omega man counterfeiter! Okay, he only made 1907 sait gaurdiens doubled Eagles, but as mentioned you should be ware of counterfeits!
|
|
Valued Member
United States
337 Posts |
Especially be careful I you go to California gold. They were as small as 25 cent coins in gold, but were really counterfeited.
|
|
Pillar of the Community
United States
1704 Posts |
It's hard to make a recommendation without having an idea if what your budget is for this. Are you looking to buy a raw coin or a certified?
|
|
Pillar of the Community
Canada
3049 Posts |
Depends on what you're looking for...
I'm a big of the Canadian $5 coins from 1912 - 1914
I also like the french 20 franc roosters
|
|
Pillar of the Community
United States
632 Posts |
One of the smallest circulating gold coins I know of is the Indian Gold Fanam. 200 year old coin and it doesn't have much of a design on it. Very small I think you could pick one up for $30.
|
|
Pillar of the Community
United States
589 Posts |
 March 2015 Stacks Auction $235.  March 2015 Stacks Auction $340. Now smaller.  April 2015 HA.com $182.  April 2015 HA.com $182. Now even smaller.  May 2014 ebay $61.  April 2015 ebay $240. I have seen a smaller on at a coin show and I should have bought it.  |
|
Pillar of the Community
United States
940 Posts |
Pytellc, I recommend you don't focus TOO much on small, even if you're on a tight budget. Many gold coins made for circulation over 100 years ago can be bought for just over melt/bullion value today in XF/AU grades. But the value in buying circulated business-strike gold coins as bullion investments is skewed in favor of larger coins. For example, a US $1 gold coin has a melt value today of $56.69, but is valued in the July 2015 Coins Magazine price guide at $225.00 in XF-40 grade as a "type coin." In contrast, a $5 Coronet Head gold coin has a melt value today of $283.47, but is valued at $345.00 in XF-40 grade. So, if you buy a $1 gold coin, you're paying about 4.0 times bullion value for the coin, but if you buy a $5 Coronet Head gold coin, you're paying about 1.2 times bullion value. This is quite a difference that is improved further if you opt for $10 or $20 gold type coins. A foreign option that I recommend that provides a beautiful design at a near-bullion price is the French 20-Franc Rooster coin. |
|
Pillar of the Community
Canada
3692 Posts |
Don't even focus on bullion value because gold coins are not bullion (unless they are .999+ fine). Spot value doesn't even figure into it. Collect what you like but get a good deal for the grade of coin, that's it. When you buy a gold coin with a premium attached, are you going to refine it - no, so why even calculate the spot price.
Myself I like the 2 pesos and 2.5 pesos Mexican coins from the 1940s. I'm working my way up to 20 pesos slowly. Do you like sovereigns? Half-sovereigns? Spanish gold? Ducats?
|
|
Pillar of the Community
United States
711 Posts |
I like the old US gold coins $5, $10, and $20 based on budget. You can get a nice looking $5 coin for $400 all day in a slab. If you want smaller or cheaper, go with a Mexico 2 Peso coin. These were $60 out the door at the LCS last week. Just under 1/20th an ounce.  |
|
Valued Member
 469 Posts |
Thanks for all the replies, sorry for not mentioning my budget earlier. I was looking to spend under or right at $200.
The two pesos coin is actually one that I am considering.
|
|
Pillar of the Community
United States
7390 Posts |
If you like old world the Mysore Army gold coins are small and not too expensive
Ahh buckeye, I forgot about the 1945 dos pesos. A good one for his budget. Just don't expect for it to actually be struck in 1945 Pytellc
Edited by Cascade
06/06/2015 09:14 am
|
|
Bedrock of the Community
United States
17884 Posts |
Quote:
Okay, he only made 1907 sait gaurdiens doubled Eagles, He also made 1882 three dollar gold pieces. His omega symbol is inside the loop of the R in LIBERTY. |
|
Pillar of the Community
United States
4593 Posts |
That pretty much leaves out the US eagles - figure a common, certified, XF or so at 250, 500, 1000, 2000 (Quarter-2.5$ Half-5$ Eagle-$10 and Double Eagle $20)
Raw is a little cheaper but buy only from very, very reputable dealers - they have been faked (at various skill levels) since at least the 50s.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
| |
Replies: 18 / Views: 4,175 |
Posted 06/05/2015 10:18 pm
