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 Replies: 11 / Views: 1,952 |
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New Member
United States
8 Posts |
I am in a quandry. I am trying to decide between buying several modern gold eagles 1oz, 1/2 ounce, 1/4 ounce and 1/10 ounce or buying older 1850-1930 eagles, doubles eagles, half eagles and the such. I love the way they look and want to collect them but I am also looking for stuff that will hold it's value as time goes on. Anyone wants to chime in?
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Valued Member
United States
164 Posts |
In the for what it is worth category---I don't consider the modern bullion "coins" to be coins in the same sense as the classic US coinage. True, some of the classics probably fall into the bullion category, (but who really knows) but Many of the older coins have numismatic value as well and don't respond to the day to day changes in the value of gold. Having said all that, I suppose it is a matter of preference. As for me, given the choice of a modern 1oz american gold eagle and a twenty dollar St. Gaudens, I choose the latter. |
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Moderator
 United States
16679 Posts |
You are much better off going with quarter eagles, half eagles, eagles, and double eagles. These are sure to hold their value because of several factors. Mintage numbers(scarcity today), grade(level of preservation), and supply and demand. Modern gold eagles are bullion coins. They are dictated by the current spot price of gold on a given day. That's all.
swcoin.ecrater.com
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Valued Member
United States
88 Posts |
My coin investing philosophy is that you should always buy scarce coins. Therefore, if you are buying gold coins, the value of these coins will be based on (i) the scarcity of the particular year, mintage and quality and (ii) the value of gold itself. If your main reason for buy gold is to just invest in the future of the price of gold, then buy whatever you like. But, if you want to buy something that might appreciate even if gold declines, buy key date older coins.
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Pillar of the Community
United States
628 Posts |
Old gold holds it's value better, not affected as much by spot price swings. Lots more interesting, and, IMO, lots prettier. Usually better to amass 5 high grade rare coins than 30 OK grade kinda rare coins.
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Pillar of the Community
United States
6326 Posts |
If you can afford it.......I'd collect "both". Each has a beauty and attractiveness of their own and gold is gold. 30 years from now, I doubt that "modern" gold will be worth less than you paid for it now. And 30-50 years from now there will be "numismatic value" to these too........there's reasons for both.
If I had the availability and the choice for both......I'd probably want "old gold" over "new gold" first, simply because they are "Classic" and "historical" and belong in everyones collection !!........but then I'd go out and attain some "new gold" for many reasons too. I just do not "shun" Modern new gold coins at all.....they are beautiful !
Picking only "one or the other".........only by a narrow margin do I say "old gold"..........
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Pillar of the Community
United States
4541 Posts |
 I wouldnt buy the old if I was gonna turn around and sell it in a year or two b/c I wouldnt be able to part with them |
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Valued Member
United States
417 Posts |
Definitely 'old gold'. You have a choice between the following:
Philadelphia
New Orleans
Carson City
San Francisco
Dahlonega
Charlotte
Denver
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New Member
 United States
8 Posts |
From the advice I get here I am going to go with old gold. Now I have another question. I want to put money away for emergencies. I do not want to put it in a bank or anything like that because I do not want my ex to have any rights to it. We have kids together and I don't trust her. I am paranoid. For that case should I invest in gold bullion eagles, silver bullion eagles or old coins. What would be the easiest to move if I needed about $1500 within a three to five day period? That is not a ton of money but I don't know what else to do with it other than leave it in USD somewhere in the house. Help me please.
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Pillar of the Community
Canada
1152 Posts |
I say if you can get classic gold, get classic gold. If you can get Liberty gold, get liberty gold. I would probably take old gold over new gold any day of the week.
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Pillar of the Community
United States
6384 Posts |
I would expect any decent dealer to readily buy undamaged classic US gold coins at or slightly above spot gold price, at a minimum. If the coins are higher grade and/or scarcer dates the premium over spot will be proportionately higher.
I just called my local coin shop and right now they would pay between $850 and $950 cash for any undamaged common-date $20 piece. They would sell that same coin for $50 to $75 over the buy price. Those numbers are based on the current spot price of $870/ounce for gold. That spot price is of course changing rapidly, as you would expect given the current stock market situation.
The shop is extremely busy right now and they have almost no gold or silver to sell. If you walk in with your emergency stash of classic US gold you can count on them offering you a solid price, immediately. I'd say the liquidity of these coins is excellent.
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Moderator
United States
16679 Posts |
Get a safe deposit box in your name only. Put the bullion in there. It will be safe.
swcoin.ecrater.com
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Replies: 11 / Views: 1,952 |
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Posted 09/17/2008 06:22 am
