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 Replies: 34 / Views: 6,270 |
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Valued Member
United States
129 Posts |
So you have $1200 and you want to buy your first gold coin/coins what would you get? would you get several smaller coins and mix it up a bit? Or would you buy 1 coin? and what would it be?
As of right now I think I would get the 2016 1 oz American gold Buffalo. But I dont know much about gold coins. I do know its beautiful!
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Valued Member
Panama
137 Posts |
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Pillar of the Community
United States
1005 Posts |
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Rest in Peace
United States
17900 Posts |
Stay with NGC or PCGS. You could get a 'common date' $3 gold in the AU 50 range and have one of the tough gold types done right off the bat. Wait until you find a nice one with minimal bag marks. Most will suggest a double eagle first. But there are lots of folks who have a double eagle but not a $3 gold.
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Valued Member
United States
398 Posts |
$2.50 Gold Indians are my favorite ...... For $1,200 you could get a couple or get a $2.50 and a $5 gold Indians!
Edited by LocalCoinGuy
01/31/2016 07:27 am
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Pillar of the Community
United States
946 Posts |
If its your first gold coin,get a double eagle. Nothing like a big old chunk of a gold coin to get the blood flowing.
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Pillar of the Community
United States
591 Posts |
I bought several back-dated modern commemorative half eagles when gold was cheap(er), then I got sucked into buying right from the mint on new releases (as I was then already into that series), and eventually was paying $300-$400 a pop for them when gold starting going up. These modern commemorative $5 pieces are nice, but I do wish I had bought some classic gold instead, to balance a bit. Unless they are from low census issues, these will just trade for close to melt.
I did get a couple of late 19th century and early 20th century British sovereigns, and I picked up an early commemorative 1926 gold $2.50 sesquicentennial in PCGS MS-63, and I really like that coin.
I'd recommend casting a wide net in what you'll consider, and try to hit a balance between aesthetics and numismatic investment (i.e., high demand/low population coins)...unless you want to start a trend in your gold buying and begin a series like the Indian Head quarter eagles, which looks fairly doable on small(er) budgets.
The other suggestions here are good too.
Edited by one_fine_dime
01/31/2016 09:48 am
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Valued Member
United States
115 Posts |
For long term, take a look at a 1840-O $5 Narrow Mill XF 45.
JFH
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Pillar of the Community
United States
4932 Posts |
I'd go with a coin that has quite a low mintage.
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Pillar of the Community
United States
500 Posts |
A 1908 no motto double eagle. Would need to save a few more hundred but you are almost there.
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Valued Member
United States
231 Posts |
I've always been enamored with the Mexico 20 peso. You could get two at today's prices. The engraving on the Mayan calendar is what sells it for me.   |
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Pillar of the Community
1153 Posts |
That is a really neat coin kirby.
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Pillar of the Community
United States
7840 Posts |
Definitely get a double saw buck.
Edited by oih82w8
01/31/2016 11:11 am
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Pillar of the Community
United States
3843 Posts |
I'd go with Saint Gaudens too. They really aren't too much more costly than a bullion coin and have a history.
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Pillar of the Community
United States
7390 Posts |
My first "large" gold coin was a 2001 $10 eagle in a PCGS World Trade Center recovery slab. It is a solemn reminder of what it is to be an American every time I pull it out and to this day is the one I would sell last if forced to liquidate  Edited by Cascade
01/31/2016 11:33 am
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Pillar of the Community
United States
591 Posts |
kkirby99 - wow, that 20 peso coin is AMAZING! Yeah, if one wants to venture into vintage world gold, I bet there are some truly gorgeous coins out there. Titan7170 - I was going to add that as you clearly like the classic Standing Liberty quarter series, there is a going to be a modern gold version released by the US Mint later this year (along with a Mercury dime and Walking Liberty half dollar), to celebrate the 100th anniversary of those three series. I believe it is to be 1/4 oz (bullion). Might want to consider using some of your duckets on that one.
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Replies: 34 / Views: 6,270 |
Posted 01/31/2016 12:24 am
