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 Replies: 68 / Views: 11,093 |
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Pillar of the Community
United States
3670 Posts |
First off I have one of those .9999 Panda 1/20 and a 1/25 1989 Isle of man cat coins. I paid 100 for the Panda and 70 total for the cat coin, which I thought was a real cheap find, from a seller in my same state.... I have checked out the worlds smallest gold coins that are 3/4 a gram of gold and think they are neat as well, as I like things on a small scale, esp the detail on coin that small. Problem with those, hard time pulling trigger on anything less than a gram for me.... At Least with the 1/20 coins you are getting just over a gram and a half, and the 1/25 I figured you get just over 1 gram and a quarter.... I had thought about what is best way to buy gold, gotta think about it like Goldie locks as I don't want the soup that is to cold (or small like grains) or to hot (being to large and hard to sell later like 1 oz coins) even as amazing as they are.... Obviously even at 70 total, lets say you were able to add 25 coins to complete an ounce, and lets be realistic, not gonna find 24 more for that price probably, you would still pay 1750, which is right at 340 over spot, but I can't afford to add 1 or 1/2 oz coins, which would get you more weight for the money eh. Even a nice 1 oz gold coin, you probably are gonna have to pay at least a 100 on average over spot, would you all agree? In the end I like the 1 25 coins, the 1 20, and the 1 10 size, and want to get a perhaps a 1 10 coin next, but the cheapest I kind find at the 1 10 size on ebay anyway is around a 180.... Plus if the s#$% ever does hit the fan and things get real bad, the sizes mentioned in paragraph above seem like they would be more practical in a trading for goods situation for example.... Edited by Silverhawk74
02/26/2011 03:19 am
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Pillar of the Community
United States
1450 Posts |
If you can get them at a good price,they are great. If you want to sell them they are more affordable than ounce coins. In my experience,the premium on them usually makes me just buy ounce coins.
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Bedrock of the Community
United States
10982 Posts |
They are more practical for trading in lower dollar amounts. Their tiny size and (normally) big premiums make me stay away from them though. 1/10 ounce size AGE and $2.50 Quarter Eagles (1/8 ounce) are as small as I like to go but I do have a couple gold dollars that are essentially 1/20 ounce pieces.
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Valued Member
United States
307 Posts |
They are very nice coins and highly collectible  but the premium paid as a bullion type investment makes them undesirable. The best buy would be the largest you could afford. You can always cut them down to sell by the gram or grain.  |
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Pillar of the Community
United States
5832 Posts |
 with hockingzig. The premium for the smaller ones are way to high, look at Blanchard one ounce gold American Eagle, is around $50 over spot. |
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Pillar of the Community
United States
3184 Posts |
I think 1/10th and 1/4th oz gold coins are just the right size. Not too tiny like the 1/20ths, etc.
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Valued Member
United States
425 Posts |
I'm with BH1964, It just does not feel like gold unless I am holding a 1/4 of an oz. or bigger!
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Pillar of the Community
 United States
3670 Posts |
I have to agree as well with most of you all that even though I don't have a 1/4 oz gold coin yet, I have been looking at them often an plan to get one soon as I move some more products on ebay.... I was real fortunate to acquire a real nice lot of 72 Dale sr. an jr. 1/24th scale diecast cars, and have sold 64 of them on ebay, with 8 to go. In turn I have converted much of that money into the little gold an silver I have purchased thus far, so that has helped, as I rarely use cash from pocket to buy and mostly use the money made from ebay sells.... Now I just need some of my higher priced items to sale, so I can get a 1/4 oz gold coin next perhaps.... |
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Valued Member
Canada
442 Posts |
Same boat. Sometimes I think I should buy a couple of gram ingots, but the premiums are so high. Then I save up for 1 oz of gold, and then think... well, thats at least 40 oz of silver!
I'll have to be happy with the gold I already have, and wait til the GSR is better and maybe trade in later.
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Pillar of the Community
United States
3670 Posts |
We are thinkin smilar Vinnycoin, becaues everytime I buy some gold, my brain calculates how much silver I could have gotten for that money spent....
I am thinkin the best thing to do to spread it out so to speak, is focus one month on silver, and the next on gold, and repeat that strat over and over again....
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Pillar of the Community
Australia
3831 Posts |
It works both ways - many people can afford to buy smaller sized gold coins but fair number of people wouldn't take one ounce gold as pocket change. Personally, there's a higher premium on smaller sized gold coins. On the other hand as bigger coins are struck in lower quantities, there's another premium factor to it.
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Valued Member
United States
370 Posts |
I like the 1/10 oz and they're in my price range.
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Pillar of the Community
United States
3670 Posts |
Yeah I agree as well another right in the middle perfect size, 1 10, as hey if you added 2 coins a month, you would have an ounce by perhaps the end of summer, considering of course gold does not shoot up big in price over the next 6 months, and as bad as everything looks I think it is a safe bet that does not happen, remain just over 1400 an oz that is....
Edited by Silverhawk74
02/28/2011 12:50 am
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Pillar of the Community
United States
3670 Posts |
I also grabbed one of those Charles Lindbergh 3/4 gram 24k coin for 50 shipping an all, is this to high?
Seems like a good deal as I have tried to find one for less unsuccessfully, and not looked in the right place thus far if it is out there....
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Bedrock of the Community
United States
10982 Posts |
I'd be very careful with products that are not from a recognized government minting operation unless they are in an assay card; because there no way to know if they are really gold. A Charles Lindbergh 3/4 gram gold piece? Not for the faint of heart even at $50.
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Pillar of the Community
United States
3670 Posts |
Well the seller has 4000 plus feedbacks mainly selling gold an silver all 100% so I am gonna just cross my fingers an hope it is real....
Listed as .073 of a gram .9999 pure gold Liberia 2001....
It would be a shame if anything I have bought thus far is fake, even though it would not sink me. Is there a kit I can buy to test silver an gold myself, and if so, which is the best kit for the price an product to acquire?
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Replies: 68 / Views: 11,093 |
Posted 02/26/2011 04:19 am
