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 Replies: 32 / Views: 4,831 |
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New Member
United States
4 Posts |
Hello forum members,
Tons of information on this site!
At some point, I'll purchase gold--at the current prices probably 1oz or less at one time. Do most of you tend to collect bars or coins?
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Bedrock of the Community
United States
10982 Posts |
 Being as this is a coin forum I am sure you will hear most people say coins.  Coins (usually) have history and government backing on their purity, are available in a wide variety of sizes and are more attractive than bars or rounds. High grade gold coins such as common U.S. Eagles ($10) and Half Eagles ($5) are available with third party certification (PCGS, NGC, ANACS) for a nominal amount above their melt value and are a good way to get started. Best of luck and welcome aboard. |
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CCF Advertiser
United States
1533 Posts |
If you are looking to invest in gold, American Eagles are a good way of doing so. They sell at spot + 40-50 and dealers will buy them back at spot +20. If you are patient and wait for deals to come up, you can sometimes buy at spot + 30, which is only a $10/oz spread. At shows you can sometimes do even better as it seems there is always somebody looking to unload.
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Rest in Peace
United States
17900 Posts |
 with all the options available, I'd recommend TPG gold Eagles as a first choice. They are practically instant cash if you ever needed to sell. |
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CCF Advertiser
United States
1533 Posts |
Do you get the premium back on the TPGd gold Eagles when you sell? I would never buy one of the MS-70 gold Eagles as 70% of them come back MS-70. I'd just send in a nice looking one and get it slabbed for a few bucks.
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Rest in Peace
United States
17900 Posts |
Don't slab them yourself, buy them with PCGS or NGC encapsulation already assigned. MS or PF 69 recommended. Yes, there is a difference between buy and sell prices, but the gap, percentage wise, is less for those two TPG. You get gold with a collecting base over and above spot value. |
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Pillar of the Community
United States
759 Posts |
Check out the Mexico 20 Peso gold from any major online bullion dealer, if you haven't already. Low premium, 15g marked and a design I personally like. Even lower premiums on the 50 Peso, but that's 1.2+ oz.
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Pillar of the Community
United States
3184 Posts |
I say get some fractional gold like quarters and tenth ozers. Also I do agree with another member, look into those mexico 20 pesos gold......beautiful and can get them close to melt. Otherwise collect what you like.....make it more fun
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Pillar of the Community
United States
4333 Posts |
I like them all!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
Canada
217 Posts |
I like buying Canadian NCLT a few years after issue. Generally .999 with lots of beautiful designs and every fractional you could ever want up to 1/25. With very few exceptions you can buy them a few years after issue for melt.
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Pillar of the Community
Canada
3692 Posts |
Bars or coins - they are both equally liquid in 24K purity. Buy the cheaper one. You'll get a better deal on larger amounts. It's really that simple. Don't let people sway you into buying fancy designs that you'll get attached to or buying a lesser purity than 24K. If I could write a book on buying gold, this would be the only paragraph.
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Valued Member
Canada
217 Posts |
Yes, equally liquid but you get a better price selling recognized govt issue like Maples, Pandas, AGEs etc than selling Sunshine mint rounds. And you don't have to buy the double secret decoder ring.
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New Member
 United States
4 Posts |
Thanks! Exactly the type of information I was looking for! I didn't much think the TPG important, but it makes sense (good for a beginner like myself). Andrew mentioned patience, which is a quality I have; I'll try to use it to my advantage. |
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Pillar of the Community
Canada
5239 Posts |
Consider classic coins (ones that actually circulated) of any country from the pre-1933 gold standard era. In my mind they mean something more than current bullion type coins or bars (although I don't always say no to them).
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Valued Member
Ireland
82 Posts |
I know this is a coin site but from an investing point of view
I would have thought that plain gold/silver bullion would be
the way to go rather than a numismatic coin
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Pillar of the Community
United States
4333 Posts |
Gold.Doesn't pay dividends. Lousy investment.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Replies: 32 / Views: 4,831 |
Posted 07/17/2017 2:17 pm
