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 Replies: 8 / Views: 964 |
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Valued Member
United States
323 Posts |
I've been collecting a while, and have been wanting a gold coin. as of now I only have like $60 but am willing to save up. with all the experience of people on this website I thought I would ask here.
WHat kind of gold coin should I get, that won't fall in value over the years. (i was thinking something american, not foreign)
thanks in advance- Brad
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Pillar of the Community
United States
2520 Posts |
I really like the Indians. My first US gold coin purchase was a Quarter Eagle.
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Bedrock of the Community
United States
10982 Posts |
Quote:
What kind of gold coin should I get, that won't fall in value over the years. You'll need to get a piece with high numismatic value and that generally means either a low mintage, a high grade, or both. As far as U.S. gold coins go, this pretty much eliminates all modern pieces. Gold pieces that are tied to the spot price of gold (bullion pieces) pose a much greater risk of falling in value than do rarities and conditional rarities that are valued numismatically and not based on gold content. I'd continue saving for a high grade (AU at a minimum) quarter eagle ($2.50 piece). Good Luck! |
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Valued Member
 United States
323 Posts |
thanks guys, looks like a quarter eagle for me!
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Pillar of the Community
United States
2602 Posts |
Yes, I'd agree, to go after something of low mintage. Most modern gold will be directly tied to buillion value of gold, unless they are in high demand or low mintage. That sounds like it leaves you with old US gold.
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Pillar of the Community
United States
1055 Posts |
I would certainly go with the classic gold. I know that most people prefer the Indians over the Liberty gold but there are some big sleepers in the Liberty $2.50 series. Some very low mintages for some years that are priced the same as other years with mintages 10X as high. Just something to think about. The liberty gold coins can often be found for a lower price than the Indians as well. I think it is an over looked series with a beautiful design. I like my gold with a little more history.
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Pillar of the Community
United States
1599 Posts |
I really like the 2.50 and 10.00 indians; but if you cant wait, you can pick up a 2 1/2 peso for around $60.00.
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Pillar of the Community
United States
3098 Posts |
Yeah, the Mexican 2 and 2.5 pesos are the smallest gold coins, and usually fit within $60 or so. However, the 2 peso that bears the 1945 date was restruck by the Mexican mint throughout the 60s and 70s, so unless they're high grade, don't buy them.
Also, not many people collect Mexican gold, so the price might remain stangnant for many years, and might come out to just tracking gold itself.
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Moderator
 United States
16677 Posts |
You can also consider some territorial gold such as a Moffat & Co. $5 in F-VF.
You are probably looking at the $2500-$3500 range. Just a note, the prices on these territorials tend to move quite slow as there is not a huge popularity with them as other issues. I would agree with the others, find the lower mintage semi-key or key coins. It's all about your budget, that's the bottom line.
swcoin.ecrater.com
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Replies: 8 / Views: 964 |
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Posted 07/29/2009 12:19 pm
