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 Replies: 10 / Views: 1,644 |
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Valued Member
United States
69 Posts |
OK, So I am really fighting the temptation of buying a $10 Indian, and a $20 SG in MS-61 or 62 ONLY. Fighting it because I DO NOT want to buy bullion, nor do I want to buy a coin primarily for it's metal value. I like to make buys for numismatic values.
Confirm my justifications, and tell me that the above mentioned coins, in the above mentioned grades would simply be a gold market buy.
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Valued Member
United States
108 Posts |
I think both coins look phenomenal so wouldn't worry at all about them "just being bullion".
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Pillar of the Community
Canada
4911 Posts |
although their value may be more based on the bullion aspect of them, they are none the less pieces of history and beautiful to hold and look at. they are numismatic items with less of a numismatic premium but a lot of history. if they are something you want than go ahead and get them if the price is fair. given what they are, the gold based value may seem like a bad idea when buying them for numismatic purposes but may be a godsend when you need/want to sell them.
Feel free to call me Will.
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Pillar of the Community
United States
2023 Posts |
I'm relatively new to the gold market, but I have been eyeing the same coins for when bonus time comes around. That said, the metal value will only set a baseline for what you can expect to pay. If you hold yourself to MS, you should be able to find a good specimen for not too much higher than that, but I wouldn't expect much "numismatic value" for those denominations. If you're just collecting for type, I'd consider buying them anyway. Here's a recent thread that may shed more insight: https://goccf.com/t/262608 |
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Bedrock of the Community
United States
10982 Posts |
If the price is close to the melt value of the metal then it's currently considered bullion. The dates/mm are as important as the assigned grade in these cases.
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Pillar of the Community
United States
1655 Posts |
Are you asking if you should buy classic gold or modern novelty bullion?
That's your choice, but I don't buy the new stuff.
Excellent thread that Alpha linked to up above.
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Pillar of the Community
United States
1188 Posts |
I'd be patient and wait on a decent deal on a 63 or 64. A lot of times I've noticed the difference in price isn't much more than a 61 or 62. I'd also suggest looking for a lesser common date coin (look at PCGS populations for an idea).
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Pillar of the Community
United States
4337 Posts |
buy a 19th century coin. go for a classic head in PQ AU58. that's more for Numismatics than a 20th century Indian or SG. You might as well buy bullion if you're spending money on one of those. And you do choose one of those go to a show and buy raw from a reputable dealer who won't try to rip you with cleaned junk. Just MHO.
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Bedrock of the Community
United States
94367 Posts |
Lots of choices, but I would avoid low MS Indians and Saints if you don't want bullion.
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Bedrock of the Community
United States
20753 Posts |
My opinion is if you don't have an Album for a coin, just don't buy it. I put all my coins in Albums. I have no slabs since if I did get any, I'd break them out and put them in an Album. However, contrary to that I have purchased coins just for the coin and no place in an Album for it.
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CCF Advertiser
United States
1533 Posts |
I would avoid low mint state St. G or Indians. They are bullion. Stretch a bit for a 64 or 65 and get a lot more coin for the money.
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Replies: 10 / Views: 1,644 |
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Posted 06/18/2016 7:51 pm
