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 Replies: 68 / Views: 11,095 |
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Bedrock of the Community
United States
10982 Posts |
There's not a good way (that I know of) to test a gold piece that small without damaging it. I'd make sure I got a COA or assay cert with something like that and not worry about testing it.
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Pillar of the Community
 United States
3670 Posts |
Sounds good bh1964. In the future I will not buy any minus the assay card or coa....
Edited by Silverhawk74
02/28/2011 11:46 pm
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Rest in Peace
United States
4849 Posts |
I think 1/4 ounce pieces are the perfect size. They are still small enough to be reasonably affordable and have reasonable premiums imho. One of the BEST "bang for buck" gold purchases imho, are the modern 1/4 ounce US commemoratives half eagles. I have purchased them on ebay for spot on several occassions. |
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Rest in Peace
United States
9104 Posts |
Quote:
I also grabbed one of those Charles Lindbergh 3/4 gram 24k coin for 50 shipping an all, is this to high? .0241 oz = 2074.74 per oz. your call. |
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Pillar of the Community
United States
3670 Posts |
Wow nearlly 2100 eh if I bought an oz worth, I see what you guys mean now with the high premiums, thanks Biggfredd....
Still if gold hit 2400 an oz (and I know that is a big if), would these coins not be worth in excess of 100 dollars, just the 3/4th a gram coins?
If a person had chance to double their money an maybe a bit more, and still may not be hard to sell if gold hit 2400 an oz, as at that point it would be one of the only practical ways to buy gold, if you had a budget say similar to my own. I can't see to many folks lining up to buy 1 oz golden eagles if gold hits 2400 an oz, even I will refrain until it goes back down again....
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Rest in Peace
United States
9104 Posts |
I was reading where one broker had more than one person buy a ton of gold and take delivery. That's $34 million for 24,000 oz. One customer like that makes up for an awful lot of people who can't afford an oz at $2400.
The higher gold climbs, the less % premium is likely on novelty issues, until eventually the only buyers are less than spot, to scrap.
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Valued Member
Cyprus
349 Posts |
hi I think the smallest gold coin was one issued by singapore mint in a card in 2007 or 2008?. It was 0.5 gram.
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Pillar of the Community
Canada
598 Posts |
Check out the Indian 1/4 Fanham's for small... I believe about 8 or 9 to make a gram. Common and very affordable for a real circulation gold coin. Plentiful on ebay if your willing to buy from worlwide. |
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Pillar of the Community
United States
3670 Posts |
Here is one you speak of I do believe, setting just over 30 bucks with 20 minutes or so left, way to high for me, for one that small, just to small as it would take ten just to get to a gram, an the money lost to shipping alone an premiums, would just be to high IMO.... You need a magnifying glass to get a good view of this one below.... http://cgi.ebay.com/Worlds-Smallest...em27b90fa2bbNow with that being said, it says something about 11th to 13th century, no way that coin is that old, or could it be? In which case that would change everything on the value, the gold content would become way less important at that point.... Edited by Silverhawk74
03/02/2011 8:05 pm
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Rest in Peace
United States
9104 Posts |
Why do you think it couldn't be that old? Gold coins have been around for thousands of years.
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Rest in Peace
United States
9104 Posts |
I can remember a small gold piece I bought in the 60s for a buck or so. I think it was Turkish, even smaller than the 1 kurus, but I haven't seen any since. For comparison, sovereigns were $9-10.
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Pillar of the Community
Canada
598 Posts |
How about one quarter Fanam... sorry about the spelling. Although I think I've seen other countries spell it with an "H" as well. I've bought from this seller before a few years back... no problems. The coins are genuine. Anyway, 10 bucks a piece (per one quarter Fanam) VVV http://cgi.ebay.com/INDIA-CENTURY-O...em5d2d63c094>>> edit>>> ... and ooopppsss! More than 20 to a gram. Go down the listing for his specs list. Well, the point was small and affordable. Taaa Daaa!  Edited by IBGolden
03/03/2011 6:40 pm
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Valued Member
United States
307 Posts |
If you want a conversation piece you can buy a vial of gold chips very reasonable. The same is true of some foreign gold. The coin is gold but the amount of pure gold is not known. Then you have the over priced 1/10 ounce gold American Eagle. Nice size but with gold at $1400+ it is only worth $140.00. Some ANACS MS-70 are selling for $299.00 as a special offer but you get free shipping. Beware of the frenzy that is starting to cause a rush to buy gold at any price. Remember our older Gold coins are only worth spot to a gold buyer but they are treasures to us as collectors. I think gold is a good investment but be an informed buyer. Buy only what you can afford. Enjoy Life.
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Pillar of the Community
Canada
598 Posts |
I will have to disagree... not with the enjoy life part, but the vials of gold flakes (I have not seen the word "chips" used as of yet, and nuggets are another matter) are often not even gold, but goldine or bright brass. Even if they were gold, the karat amount is undocumented. Whereas gold fanams are listed in many world gold coin catalogues, along with their typical gold content. They are authentic foreign gold coins, with a documentable valuation. True, their content is slightly variable, but this is the case with many ancients. Again, it's true that buying 20+ fanams to get a gram of gold pushes the cost to $200+ a gram... of course the bullion gram cards would be a much better choice. Being an informed bullion buyer is what I (we/some/many(?)) strive to be. I bid on hundreds of auctions and lose most of them... but the ones I do win with a knowledgable bid are part of the hunt. From this I slowly became a collector. When paying above spot for a more pristine coin becomes a little less painless, ah, but I still wince a little. The whole point here is that if you got 10 bucks to throw away, a real gold coin (with a catalogue number and everything) can be had... cheap. >>> edit >>> Here's a picture of a type set of U.S. $1 gold pieces I put together at spot or less. Sure they're damaged and such, but a coup for my perseverence.  ... and this thing so captivated me, I modified an air-tite ring for a perfect fit.  Edited by IBGolden
03/03/2011 9:46 pm
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Pillar of the Community
United States
3670 Posts |
Thanks for the pictures an links guys, def something to consider.... My most recent small coin after the 3/4 Lindbergh, is the 3/4 Caesar an Nefertiti. They are harder to find, and the only other Nef I know of on ebay is listed at 70 bucks seems like an no other Caesar for sale that I know of. I got Nef for 40.01 and the Caesar for 60.01. So 100 an 2 cents for one an a half grams in cool coin form, think I could have done worst, even though like Biggfredd said I am paying on average with those small guys at just over 2 grand an oz lol.... Either way, someone bid 40.00 in last seconds on Nef an 60 in last seconds on Caesar, and thanks to my penny bids of 40.01 and 60.01 I won both via Two Cents. How much you willing to spend in the end, an apparently I am willing to pay a penny more than most.... I am taking the roll of that slow turtle (buying a gram of gold here, and an oz of silver there) just hopping along slow an steady, while the hair runs 3/4ths of the race, an stops to take a nap under the shady maple tree, just short of the finish line  .... Edited by Silverhawk74
03/04/2011 02:32 am
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Replies: 68 / Views: 11,095 |
First Page
Posted 02/28/2011 11:45 pm
