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 Replies: 11 / Views: 1,295 |
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Pillar of the Community
United States
1055 Posts |
Poll Question
I have been thinking of selling some of my bullion coins to buy classic gold pieces, ($2.50 $5 $10 Coronet, $5 $10 Indian). Any way you look at it gold is a substantial investment. I would be looking at getting certified low mintage pieces in AU-MS nothing mind blowing in price. As the deficit grows the gold is likely to follow, as the dollar weakens, gold will likely stregnthen. My poll question is from an investment standpoint (10 year investment) do you feel like classic gold will produce better yields than bullion coins or vice versa? I would like you guys to weigh in. Results
| Buy the Classic Gold it will have a better yield! |
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50% |
8 Votes |
| Buy Bullion it will have a better yield! |
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6% |
1 Votes |
| Buy Classic Gold because less is more! |
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13% |
2 Votes |
| Buy bullion because more is better! |
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6% |
1 Votes |
| Silver or Bust! |
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19% |
3 Votes |
| I would rather invest in bulk Wheaties! |
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0% |
0 Votes |
| I would rather Invest in Wheeties Cereal! |
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6% |
1 Votes |
Poll Status:
Open
Total Votes: 16 Counted
Last Vote:
07/22/2009 1:19 pm
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Pillar of the Community
United States
3294 Posts |
Go with the classic. Better to have a metal piece of history then a simple piece of metal.
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Valued Member
United States
470 Posts |
If you go with classic, you need to get the mind blowing investment grade coins. Buying common old gold is not going to give you the return.
I would forget about the old gold and buy bullion, it will be easier to sell in 10 years and you won't have to worry about slabs and grading. Old gold is fun but unless you are going to buy investor grade high dollar coins ..don't waste the effort. Buy AGE's and right now the price is really good. Gold took a dive yesterday and is struggling today.
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Pillar of the Community
United States
2797 Posts |
Quote:
If you go with classic, you need to get the mind blowing investment grade coins. Buying common old gold is not going to give you the return.
I would forget about the old gold and buy bullion, it will be easier to sell in 10 years and you won't have to worry about slabs and grading. Old gold is fun but unless you are going to buy investor grade high dollar coins ..don't waste the effort. Buy AGE's and right now the price is really good. Gold took a dive yesterday and is struggling today.
I totally agree ... but buy an Indian and Coronet just to enjoy them. Keep the rest in bullion.  |
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New Member
United States
25 Posts |
Something to consider, bullion is easier to sell (fairly, since people understand what an ounce, or a fraction is. However you would be surprised as to how many folks do not know that there are 12 troy ounces in a pound.), but then many gold coins are only worth their bullion.
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Rest in Peace
United States
4849 Posts |
I can't predict the future, so I don't know if you can say which would produce a better return. Personally, I say classic gold all the way as far as satisfaction goes. There is so much more history and excitement with the classic pieces. Also, remember that you have two markets involved with the purchase(both numismatic and precious metal). If one of the markets crash, you may have a safety net with the other market. Also, many classic gold coins sell for little premium over melt. It's just soo much cooler to hold a beautiful $20 gold piece that was actually used for purchases 100 years ago, than say a $50 AGE that was made 2 years ago and meant for storing in a safe. Just my opinion. If you are looking to buy as close to melt as possible, I would consider the US $5 commemoratives from the 80s and 90s. I have actually purchased those for under melt on ebay, where as AGEs generally sell for %10 or so over melt. I know AGEs are popular, but they are honestly about the last type of gold coin I would put my hard earned money into. |
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Rest in Peace
United States
5375 Posts |
I would rather invest in wheaties cereal.
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Valued Member
United States
178 Posts |
I say buy the classic gold coins. I don't think that ten years from now you will have to rely on bullion to live, but I do think that the coins will increase in value as well as the gold content.
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Pillar of the Community
United States
2520 Posts |
Quote:
I would rather invest in wheaties cereal.  I agree that with the rising price of cereal and the shrinking size of the boxes....it would be a good investment! Unfortunately I don't think they would taste so good in ten years! |
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Valued Member
United States
317 Posts |
I've actually done a little of both. Including a nice Indian Half Eagle that may be something special.....but I'll wait until it gets back from ANACS to go into that, just in case. I'd say diversity is the way to go. Do a little of both.
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Pillar of the Community
United States
528 Posts |
Ive heard of investing in cigarettes. Weather or not you smoke prices are going up fast.
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Valued Member
Canada
464 Posts |
I don't think buying gold now as an investment is a good idea, since the price is already near the high. I think buying gold coins for numismatic value is a better idea, since the rarity of items is less likely to change than the price of gold.
I don't know how much money you want to invest, if they are super rare $50,000+ coins, the price of gold won't matter. Though if you are hoping to buy low value gold coins, you should wait....
Edited by gawd0wns
07/20/2009 12:37 am
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Replies: 11 / Views: 1,295 |
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Posted 07/09/2009 3:00 pm
