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 Replies: 18 / Views: 3,112 |
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Pillar of the Community
United States
1304 Posts |
Sorry if this has already been asked, looked around and didn't see it so here goes.
I have been thinking about adding my first gold coin to my collection, price range $300.00 - $500.00 dollars. Should I look for an older coin or just buy something new like from the mint. I don't have a clue about where to start. Or do you buy whatever looks good to you. Where would you spend the money? Thanks,
Wornslick
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Pillar of the Community
United States
8904 Posts |
I'm an enormous sucker for the Indian Head Quarter and Half Eagles. Your price range will get a very nice MS Quarter Eagle and probably an AU Half Eagle, if you shop around. Post a picture when you get your gold coin!     Edited by Moe145
12/06/2009 6:26 pm
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Moderator
 United States
16679 Posts |
I'm with Moe145,
I'd stick to either a quarter or half Eagle gold coin. You have the best of both worlds. You have the 90% gold content as well as numismatic history in your hands. I've even seen some lower graded Classic gold in that price range that is very attractive.
swcoin.ecrater.com
Edited by vermontensium
12/06/2009 6:31 pm
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Bedrock of the Community
United States
10982 Posts |
I'd go with a top tier certified Half Eagle as well. You should be able to find an AU Indian or MS Liberty $5 gold piece in PCGS or NGC plastic for under $500.
Good Luck!
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Pillar of the Community
United States
1691 Posts |
go certified...too many fakes out there.
I agree with the quarter and half eagle suggestion..even the more common ones
have lower mintages. Another suggestion is the proof modern $5 commemoratives
GOOD LUCK!
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Valued Member
Canada
464 Posts |
I would also go with a classic gold coin, only because I like collecting older coins with history. I've never owned gold coins, though If I could, the Canadian $5 (about a quarter ounce) and $10 gold coins (about a half ounce) from 1912-1914 would be my first buys. Great design, and low mintage compared to U.S. coins (No coin had a mintage greater than 166,000). The $5 looks the same as the $10:  |
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Moderator
United States
23522 Posts |
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Pillar of the Community
 United States
1304 Posts |
Where is a good place to look into buying gold coins?
Wornslick
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Moderator
United States
16679 Posts |
Obviously there are many reputable dealers out there but I would suggest your local coin show. Many dealers would be willing to work with you on a price plus, you can see the actual coin before you buy.
swcoin.ecrater.com
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Valued Member
United States
220 Posts |
How about 1849-1889 gold dollars? A type 1, type 2 and type 3 set. I have them between my Bust and Trade dollars along with other dollar coins (Morgan, Peace, IKE..etc). I really love my dollars type set. I hope I will get some raises in the future and will be able to afford a flowing hair dollar.    |
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Pillar of the Community
United States
1304 Posts |
Thanks for all the advice. I am planning on going to a coin auction in Feburary. I like the idea of being able to see the coin before buying. I guess that E-Bay is a no-no? Super Dave, what kind of coin is that? dollarcoins, those gold dollars and nice. I will read up on those.  Wornslick |
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Pillar of the Community
United States
968 Posts |
ebay isn't an outright no-no. Its just that the higher the value of the coin, the bigger risk you are taking. While you could get cheated anywhere, it is much harder to do when you can see the coin in-hand and the guy selling it to you is right there. On the other hand, you might find the ideal coin there for less than you would elsewhere.
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Moderator
United States
23522 Posts |
Quote:
Super Dave, what kind of coin is that?
British Gold Sovereign. I got $650 for that one, but they're available in Mint State within your budget. Very collectible due to their availability, very sellable due to the large collector base. |
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Pillar of the Community
United States
1304 Posts |
Thanks SuperDave Wornslick |
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Valued Member
United States
220 Posts |
I think SuperDave always gives good suggestions.  I also received helpful suggestions from SuperDave on other topics. |
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Pillar of the Community
United States
511 Posts |
What series appeal to you? You have to like the coin and not go on someone else's preferences.
Circ $5 Libs are very common and seldom counterfeited, at least before the recent rash of Chinese fakes. Stick wth slabs for the $2.50 and $5 Indians. They fit in your budget, and they are great examples of coin artistry.
If you like non-U.S. coins, there are dozens of world gold pieces that sell for a bit over melt value.
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Replies: 18 / Views: 3,112 |
Posted 12/06/2009 6:31 pm
