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 Replies: 7 / Views: 1,282 |
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Valued Member
United States
338 Posts |
I have always been a collector (since childhood, now 55). On the other hand, lately, I have been dollar cost averaging silver and gold "bullion" since they have been relatively low (compared to 2011). It has been my philosophy that comment date MS60-64 double eagles are so close to bullion prices that I have tried to pick up a few pieces every month or two. In some respects, they are bullion and in other respects they are collector coins. I guess time will tell if their value ever significantly exceeds their intrinsic gold value. A similar scenario might be in place for Peace dollars and other more modern silver coins... |
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Bedrock of the Community
United States
10982 Posts |
 Good choice. Toss in a better date here or there since premiums on them are down too. |
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Pillar of the Community
United States
4211 Posts |
man2004! Good choices for sure. |
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Pillar of the Community
United States
3210 Posts |
Peace dollars are an underrated series. The prices on them have been going up whereas Morgan dollar prices have been going down. If I had the money I would also do what your doing with buying nice $20 st. Gaudens graded low to mid ms.
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Valued Member
 United States
338 Posts |
Yes, I recently picked up a "regular" 1907 MS62 Saint and I've tried to buy a few nice Peace dollars over the last year or so. |
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Bedrock of the Community
United States
12057 Posts |
Apart from the "key" dates and known scarcities, St Gaudens $20 have never really shown much growth potential in lower MS grades. There is an adequate supply of coins, and demand is limited by price, and by the fact that there are not many folks working on complete sets, only purchasing individual examples for type coins or investors stacking bullion.
While they are absolutely stunning coins to behold, and a beautiful work of art, as an investment, the performance of common-date Saints in sub-Gem grades has been less than impressive. Sure, they don't have much numismatic premium above bullion, but apart from bubble markets (e.g. 2007) historically they never have. In order to see a swing to the upside here, you'd need to see an increase in demand, a decrease in market availability, or both, and neither one seems likely to me.
On the other hand, money spent in early US gold, Charlotte/Dahlonega gold, Carson City gold, the better $3 issues, and all of the Stella patterns has been money well invested, with continuing strong ROI's and no shortage of demand in the event you need to free up capital/gain liquidity.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Edited by paralyse
04/11/2017 12:01 am
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Pillar of the Community
United States
5822 Posts |
I agree with paralyse analysis 110%, common date gold are easily obtainable, but the rare one's mentioned will not go down much like the market. It will recover faster from down market sessions.
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Valued Member
United States
338 Posts |
Those are excellent points. I have a lot to learn about "investing" in gold coins. Sometimes things seam like a good idea at the time. It sounds like I need to step up my game a little and get some REAL coins. You guys are great! Thank you everyone for your comments!
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Replies: 7 / Views: 1,282 |
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Posted 04/10/2017 07:34 am
