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 Replies: 16 / Views: 2,913 |
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Pillar of the Community
United States
1450 Posts |
I listen and read some financial magazines and shows. I see and hear that gold is being recommended as a buy, but what about gold coins that have numismatic value? Piling up gold bullion just does not appeal to me that much and mining stocks are just paper. What about real gold coins that were currency? Will they keep their premium or will it narrow? Precious metals are just so volatile. I would rather buy Saint-Gaudens of any common gold coin because when tangible assets start to rise in value money tends to flow into all of them. Why not buy beautiful real gold coins instead of bullion which only has intrinsic gold value?
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Pillar of the Community
Canada
5239 Posts |
In my mind, if you are getting gold, common real gold coins that once circulated are preferable to bullion-more attractive and with the added historical interest.
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Pillar of the Community
United States
7390 Posts |
I'd get a nice 2016 30g panda. They're gorgeous!
If you want pre 33 us gold, the common stuff is only a little over spot and is closely tied to it up or down
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Pillar of the Community
United States
1499 Posts |
Given the Chinese counterfeit problem, I would urge U.S. collectors not to buy panda coins. The Chinese Government won't do anything about this problem, so why should we support them?
So far as gold goes, I would consider a collection of St. Gardens $20 coins by date. You could never finish such a collection, but it would be more interesting than bars, which pose the risk of plated fakes. I would strongly urge you to buy NGC and PCGS certified coins.
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Bedrock of the Community
Australia
21786 Posts |
If you are buying bullion gold with some numismatic interest, then
St Gaudens double eagles in about MS60.
IMO, they are more attractive than the modern pseudo copy one ounce bullion pieces, and have some historic as well as numisamtic interest.
Arguably the most attractive gold coins ever made.
Be absolutely sure of the reputation of the seller and his source.
Having them slabbed is a good idea, just to protect them.
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Pillar of the Community
United States
7390 Posts |
Bill, if you buy from reputable dealers gold pandas are not something to fear. Raw on ebay, yes. But again with a big dealer like APMEX or JM Bullion etc you'll be getting the real deal Terry, sel said it well. A common date st gaudens slabbed in low ms condition can.be had for not too much over spot |
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Pillar of the Community
United States
3843 Posts |
St. Gaudens are an excellent substitute for plain bullion in my opinion. Large, available, and reasonably modest premiums over melt value for AU coins.
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Pillar of the Community
 United States
1450 Posts |
Thanks for the advice. That really confirms my own beliefs about gold and how to buy it. There are even some of the more rare Saint-Gaudens such as 1908-S, 1913-s and 1914 with mintage under 100,000 that sell at good prices. The really rare ones from the 1920's and 30's get all the attention but there are at least 4 that are pretty rare from before 1920 that do sell for a premium but not that great compared to scarcity. I would like to see the Panda since I have never seen one. I believe my LCS has one.
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Moderator
 United States
54280 Posts |
Even gold coins (2016 China Gold Panda) now come in smaller packages. (30g vs 31.1g).  Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Pillar of the Community
United States
1499 Posts |
Quote:Bill, if you buy from reputable dealers gold pandas are not something to fear. Raw on ebay, yes. But again with a big dealer like APMEX or JM Bullion etc you'll be getting the real deal No, you are missing my point. Getting caught with counterfeit Panda coins has nothing to do with it. My problem is with the U.S. counterfeit coins the Chinese are sending here. The Chinese Government has done NOTHING about the counterfeit U.S. coins that their companies and making a shipping to the U.S. So long as the Chinese Government chooses to do NOTHING about the counterfeit problem, we should have NOTHING to do with their Panda coins. If you have no caught my drift, I am really angry with the Chinese Government over this issue. Their criminals pose a very dangerous threat to our hobby.  Edited by billjones
03/20/2016 11:02 am
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Pillar of the Community
United States
7390 Posts |
Oh, ok. I get that and for the most part agree but won't let that stop me from buying a good panda personally. Heck, 90% of what you but at Walmart or pretty much anywhere here comes from China... Isis coins, now there's a line I won't cross |
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New Member
United States
17 Posts |
+1 for the 2016 30g panda
The premiums always, ALWAYS rise on pandas. Add that to this being the first year of the new weight stamp in grams and it will be a key year for these. Like the above posters mentioned, buy from a reliable source. I also prefer slabbed but that's a personal call.
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Bedrock of the Community
United States
11951 Posts |
I agree with buying pre 1933 gold, I like the $2.50 and $5.00 best.
I also have been thinking of buying modern commemorative gold,
some of them can be bought near melt.
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Pillar of the Community
United States
1450 Posts |
There seem to be so many good deals on all sorts of coins these days. I look at just key dates of modern coins like 1932-D Washington or key dates for Mercury dimes. You don't need to fill an entire date set. But we are ralking about gold. If gold increases in value by 100% from here how much can you sell your current gold coins for to dealers? I notice they usually pay about 50-60 cents on the dollar. Would you just be breaking even? That to me is not a good investment. Your broker eats up all your profits. |
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Pillar of the Community
United States
3843 Posts |
Terry,
A reputable dealer should pay at least 80% of the melt value for gold and silver. Shop around and get multiple quotes.
I too have seen some dealers offer 50-60% of melt but I don't count them as reputable dealers. The cash for gold type shops and pawn dealers around here will try to offer that amount but some of the coin shops offer decent amounts.
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Pillar of the Community
United States
1189 Posts |
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Replies: 16 / Views: 2,913 |
Posted 03/19/2016 8:33 pm
