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 Replies: 8 / Views: 3,763 |
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Valued Member
United States
346 Posts |
How wise would it be, at this point, to invest in a $10 or $20 Gold Certificate? I was checking them out on ebay last night, and they're pretty pricey. Would it be worth it to get one? I guess I mean to say, are Gold Certificates/notes in general increasing in value as rapidly as coins are? |
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Moderator
 United States
23731 Posts |
Gold certifacates are no long payable in gold but are still highly collectible.
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Valued Member
 United States
346 Posts |
Yeah, I know you can't redeem them for gold anymore (although that would be nice) but my question is, would owning one be a better or worse investment than owning coins?
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Moderator
United States
23731 Posts |
If I understand what you are asking. If you had a chance to buy a $10 Gold certificate or a $10 gold piece. I would buy the gold piece before the note.
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Valued Member
United States
206 Posts |
I've added a couple gold certificates to my currency collection.. and yes they do sell for a premium. I think there's sort of a strange balance in the value of coins and currency. On one hand coins can contain precious metals (like the 10 dollar gold piece echizento spoke of) and have intrinsic value to them. This means that as PMs rise so can the value of the coin. Currency however does not have nearly the same life span as a coin making certain notes incredibly valuable. If you spend enough time roll hunting pennies you can find indian heads 100+ years old. Try pulling a 100 year old note out of circulation. Also, serial numbers play a big role in the value of a note. You can go on ebay and buy the first 2 dollar bill ever printed. You can't go on ebay and buy the first nickel every minted.. there's just no way tell. I have never bought anything strictly as a vehicle of investment, but as time goes on old paper currency is only getting rarer and rarer, IMHO |
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Pillar of the Community
United States
1208 Posts |
My .02...
Collect notes for fun, history, artistry, etc...
Not investment. I have some, but for the reasons
I listed. In my experience, they are valuable if
you want some, but worthless if you are selling.
Maybe just my experience, but it has been consistent
for the decades I have been collecting. That said,
I have never had any extremely valueable notes.
I have had some CU funnybacks that I wish I never got
rid of. Other than those, everything else has stayed
really static. Even the most valuable stuff I have had,
CU North Africas and Hawaiis, haven't changed much in
premium over face.
One thing I was thinking about today though...
I used to pull blue, yellow, and red seals out
of circulation. Not CU, but obsolete and fun anyway.
That is all over now, with the changing of the notes
so drastically, the old stuff gets snapped up. The
old stuff used to blend in. I miss that.
Anyway... Just my opinion, notes are not a wise
investment. Coins aren't even wise IMO, unless you
are in for the long haul and know what you are doing.
No 'get rich quick' in coins. Notes are even slower.
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Valued Member
United States
169 Posts |
In general, I think paper money has been going up at a faster rate than coins for many years now.
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Pillar of the Community
United States
4541 Posts |
Quote:
if you had a chance to buy a $10 Gold certificate or a $10 gold piece. I would buy the gold piece before the note.  Gold will always be gold! " I do collect paper currency for the record" On another note gold certificates aren't worth anything unless you can find a buyer. They are pricey and do get good premiums but if you buy a 20 dollar gold certificate and pay 115 it might be in your kids life before any money is made off of it. I think most small sized gold notes were printed in 1928 and they are already 80 years old. Thats only had an increase of 95 dollars. So thats like $1.18 increase a year for the last 80 years. just last year in gold was below 650 on june 8th of 2007 and is trading for 874.60." http://www.the-privateer.com/chart/gold-pf.html " Thats almost 225 dollars an ounce profit in one years time. So I will stop blabbing and say for investment I think your better off buying real gold. |
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Pillar of the Community
United States
6326 Posts |
I think the Gold Certificates will always keep a good "collectors value".....the older they get, the more they'll be coveted and sought after....AND THOSE AREN'T CHEAP !....(yeah, it may be a "slow gain", but it IS a gain and they are certainly worthy to have in a collection IMHO !)(for pure "investment" though....yeah you won't "make" much on them, but as long as you won't ever "lose" on them....that's enough to bring one home....wish I could afford one!) Just DON'T buy one from these private coin companies online or out of magazines that sell them !.....Their WAAAAAY overpriced that way ! Where is your opportunity to purchase one coming from ?....Is it only ebay ?....I'd check Coin Shops, Coin Auctions, ect. too. Edited by eaglefoot
06/18/2008 12:17 pm
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Replies: 8 / Views: 3,763 |
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Posted 06/05/2008 09:50 am
