Selling Silver, Buying Gold - Coin Community Forum

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Author	Replies: 3 / Views: 1,793
afcop13 Pillar of the Community United States 1409 Posts	Posted 02/25/2010 11:52 am I have been considering adding to my gold collection, which right now only consists of a couple of 1/10th Maple Leafs and Eagles. I have a decent stash of 64 Kennedy's I've accumulated, and am considering selling off several rolls to use the money to add to the gold pile. What type of coins would the experts here recommend, staying in the $100-$500 range per purchase? These will be held, only sold if I must. Report this Post to the Staff

biokemist6 Bedrock of the Community United States 12437 Posts	Posted 02/25/2010 12:12 pm If you are going with bullion coins, go with the largest possible size you can afford because those will have the smallest premiums over spot. If you are looking at numismatic coins, AU $5 Libertys would fall nicely in your spending range and have a relatively small premium over spot. Report this Post to the Staff
oober Valued Member United States 467 Posts	Posted 02/25/2010 12:25 pm The gold to silver ratio is pretty high right now 69:1, I would wait a bit till we get 60:1 or lower. Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 02/25/2010 3:44 pm Quote: ...I would wait a bit till we get 60:1 or lower. That's good advice but you could be waiting a while for 60:1. In addition to $5 Half Eagles also consider $10 Gold American Eagle business strikes. In raw form you should be able to find both of these available in "melt for melt" trade. Today you'd be looking at roughly 50 silver Kennedy halves for a 1/4oz GAE. ANA #R3154474 Report this Post to the Staff
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