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 Replies: 11 / Views: 2,142 |
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New Member
United States
26 Posts |
So, I want to invest in a little bit of gold bullion, but prefer nice looking coins (eagles, philharmonics, beasts, etc.) rather than cheaper bars or rounds (knowing that gold is still gold regardless of copper spotting or whatever. I understand that even 24 k gold is liable to show spots.
What percent of your gold coins eventually wind up with some distracting markings. Am I trying for something unrealistic?
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Pillar of the Community
Canada
586 Posts |
No, but the less blemishes your coin bullion has the more numismatic value it has and so you can be prepared to pay a lot more then BV for your coin.
Example a 1914 $10 Canadian gold coin with a lot of bag marks can go from $800 to $1000. In MS state it can reach over $1500.00.
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Bedrock of the Community
United States
94367 Posts |
Are you asking about modern collector coins or classic gold coins? Raw or graded? Please try to be more specific.  |
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Rest in Peace
United States
17900 Posts |
You can buy a number of US modern gold $5 commemorative issues in NGC or PCGS 69 and 70 for a few dollars over bullion.
Low mintages, high grades, certified, same amount of gold as the old $5's.
I can't understand why anyone would buy common bullion when they can get these for almost the same price.
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New Member
 United States
26 Posts |
Well, let's say I want to purchase 10 ounces of 999 gold in ten items or pieces. I can get bars for a small percent over spot, but for an extra $100 or $200 I can get Buffalo coins or Austrian Philharmonics that are probably only worth their melt weight in some international crisis, but I'm glad to pay a little extra because they are more interesting than a gold bar or some round celebrating a special occasion or an ounce (or ten ounces) of junk gold..
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Pillar of the Community
Norway
1358 Posts |
Not sure why Philharmonikers should do much over spot in the US actually. Here they go for about the same price as your average bars: just over spot. I recently picked up a pile of silver ones for under spot, even... And I fully agree that I like watching a bullion coin much more than a bullion bar, actually. Also consider some other foreign bullion coins. That's usually less wanted in the US and thus sells more often for spot than the Buffalo you mentioned. For my gold, most of it is 'classic' coinage. None of it shows spots. My silver, on the other hand... everything by the RCM has spots. |
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CCF Advertiser
United States
1533 Posts |
Quote:
You can buy a number of US modern gold $5 commemorative issues in NGC or PCGS 69 and 70 for a few dollars over bullion.
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I can't understand why anyone would buy common bullion when they can get these for almost the same price When you go to sell, if there is no demand for the commem, you will get offered spot. Its all about liquidity. Edited by Andrew99
11/15/2017 07:28 am
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Bedrock of the Community
United States
20753 Posts |
Only have two. Neither have any spots.
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Moderator
 United States
188052 Posts |
The good news is that I have no blemishes on gold coins!  The bad news is that I do not have any gold coins.  |
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Pillar of the Community
Russian Federation
5172 Posts |
 I think I might have a gold blemish on one of my coins, though... |
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Pillar of the Community
Norway
1358 Posts |
Quote:
When you go to sell, if there is no demand for the commem, you will get offered spot. Its all about liquidity. Buy at spot, sell at spot. Enjoy the coins in the meantime. That should be the strategy. Edited by UltraRant
11/16/2017 07:39 am
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Moderator
United States
188052 Posts |
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Buy at spot, sell at spot. Enjoy the coins in the meantime. That should be the strategy. Some people do not buy coins, they rent them.  |
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Replies: 11 / Views: 2,142 |
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Posted 11/14/2017 5:57 pm
