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 Replies: 24 / Views: 3,529 |
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Pillar of the Community
United States
590 Posts |
I would go with the saint gaudens. The buffalo is an excellent choice if you are just wanting to invest in gold. Fastfords1,I didn't know that about the Morgan dollars. I have seen a few of those "bullion coins" that were pretty worn, the bullion collectors must not have stored them very well.  Edited by Dewayne76
09/28/2006 7:21 pm
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Valued Member
United States
390 Posts |
If one were to buy the gold ASE proof, would it be better to buy the proof with COA and box, or one that has already been graded? I would think the proof would be at least a 69, but the difference in price between a 69 and 70 will probably be a lot. What I have noticed is that you have to pay almost as much (or more) for the reverse coin as the entire set is the one coin has been graded. That doesn't make a lot of sense. Boy, the markup is about 40% so far. Edited by Guido
09/28/2006 9:31 pm
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Valued Member
United States
439 Posts |
Get the Saint. C'mon, it's history. It's Augustus Saint-Gaudens, Teddy Roosevelt and Charles Barber at the beginning almost one hundred years ago and F.D.R. at the end of the run taking us off the gold standard, melting them down and setting the stage for a great chunk of numismatic history with the 1933s. In between there was world war I, the roaring twenties, the start of the great depression, Ruth, Gehrig and the '27 yankees, Charles Lindberg, and so much more. It's lauded as one of the most beautiful coins the U.S. has ever come up with. What more could you ask for in an addition to your collection. The buffalo is a pretty coin as well but lets face it, the way the mint keeps throwing that design out there is a statement to their lack of originality. The nickel was a classic, the silver was kinda cool but now it's just getting redundant IMO. Right now they're hyped up a lot and everyone wants one and I'm sure there will be lots of 69s and 70s for everyone who wants one but fifty or a hundred years from now the Saints will still be a classic and all those top graded buffalos will be selling on ebay for near melt. Don't just follow the crowds and go with the flavor of the month. Let the force guide you. |
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Pillar of the Community
Australia
1360 Posts |
quote:
Originally posted by TSOTL
Let the force guide you.
 Welcome to the dark-side! |
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Valued Member
United States
470 Posts |
"What I have noticed is that you have to pay almost as much (or more) for the reverse coin as the entire set is the one coin has been graded. That doesn't make a lot of sense. Boy, the markup is about 40% so far." - Guido
Yes, Guido, BUT you can buy the raw set, which is now going for about $1,000 over cost, store it away and let the prices settle. You can decide later on if you want to get it slabbed or not.
Consider this. Back in 1995 when the 10th anniversary set came out. Would you buy just the raw silver eagle for $500.00 or would you refuse the mark up and think that that just didn't make a lot of sense? Time has proven that $500.00 was a bargain back then considering the value now; even the raw coin is in the thousands.
Personally, I'm speculating that the Reverse proof has the same potential. I'm willing to risk paying $1,000 more for the raw set now than wait 10 years and not be able to touch it for $6-7,000.00.
It's all when you choose to get in. Whether or not you pay a little more now or end up paying a lot more later. Personally, I prefer to pay a little now and take my chances. As long as the Mint doesn't decide to release the reverse proof as a single issue, with a minting of only 10,000 the reverse proof will be the chase coin that all eagle investers will need to feel complete.
History is history and I love my Teddy Bear but we are making history right here and now. We are living it. Persoanlly, I'd rather look back in 20 years and say that I paid to much for 3 ounces of gold rather than look back and say damn, I had a chance to buy a $7,000 coin for $1,500. Bummer.
This ofcourse is of little or no help to Jcook54(I think that was his name) who only wants to buy 1 coin and most likely has a budget of around $800.00. So this post may be moot after all and just the rantings of a crazy man who collects gold gold gold :)
disclaimer - just my personal opinion and not meant to be advice in any form or fashion. This statement contains little fact and a lot of if and's or buts.
Edited by Andrew289
09/29/2006 12:09 pm
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Pillar of the Community
United States
986 Posts |
It also depends on aesthetic appeal. If you can afford it, I'd go with a MS-65 Saint. There's a huge difference in eye appeal between a MS-64 and MS-65. The MS-65 will run you around $1200, so I don't know if this is within your budget?
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Valued Member
United States
390 Posts |
quote:
Originally posted by Andrew289
"What I have noticed is that you have to pay almost as much (or more) for the reverse coin as the entire set is the one coin has been graded. That doesn't make a lot of sense. Boy, the markup is about 40% so far." - Guido
Yes, Guido, BUT you can buy the raw set, which is now going for about $1,000 over cost, store it away and let the prices settle. You can decide later on if you want to get it slabbed or not.
Consider this. Back in 1995 when the 10th anniversary set came out. Would you buy just the raw silver eagle for $500.00 or would you refuse the mark up and think that that just didn't make a lot of sense? Time has proven that $500.00 was a bargain back then considering the value now; even the raw coin is in the thousands.
Personally, I'm speculating that the Reverse proof has the same potential. I'm willing to risk paying $1,000 more for the raw set now than wait 10 years and not be able to touch it for $6-7,000.00.
It's all when you choose to get in. Whether or not you pay a little more now or end up paying a lot more later. Personally, I prefer to pay a little now and take my chances. As long as the Mint doesn't decide to release the reverse proof as a single issue, with a minting of only 10,000 the reverse proof will be the chase coin that all eagle investers will need to feel complete.
History is history and I love my Teddy Bear but we are making history right here and now. We are living it. Persoanlly, I'd rather look back in 20 years and say that I paid to much for 3 ounces of gold rather than look back and say damn, I had a chance to buy a $7,000 coin for $1,500. Bummer.
This ofcourse is of little or no help to Jcook54(I think that was his name) who only wants to buy 1 coin and most likely has a budget of around $800.00. So this post may be moot after all and just the rantings of a crazy man who collects gold gold gold :)
disclaimer - just my personal opinion and not meant to be advice in any form or fashion. This statement contains little fact and a lot of if and's or buts.
Andrew, That was my thought as well, regarding buying the whole set and waiting on the slabbing to see if it would make sense in the future. I also agree that on 10,000 coins should make this a very, very pricey coin in the coming years. And the fact that right now a PF69 NGC reverse proof is going for $3,400 shows you the crazy fever pitch these coins are generating. |
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Valued Member
United States
179 Posts |
Hi all, nice to see this is such an active thread,,, Hi Wayne 1956...welcome  Army 66-87 quote:
Originally posted by Dewayne56
I would go with the saint gaudens. The buffalo is an excellent choice if you are just wanting to invest in gold. Fastfords1,I didn't know that about the Morgan dollars. I have seen a few of those "bullion coins" that were pretty worn, the bullion collectors must not have stored them very well.
True, Dewayne 76, many did circulate, but even more sat in bags in storage for many decades backing up silver certificates. And then there is the politicians of the day passing legislation forcing the usmint to produce millions of Morgans every year that weren't needed for commerce due to the influence of the silver lobby and silver state representatives. Of course I realize mine may be a minority opinion, but the Morgans certainly acted like bullion coins IMHO. That doesn't take anything from their beauty and popularity with collectors, however, which actually is a good indicator that the very beautiful ASE, AGE, and APE bullion coins will also be popular with future generations of collectors. And to Guido and Andrew289 who carried us off on a side path with the discussion of the reverse proof gold Eagle, I must agree that this coin will be a real prize, particularly for those who ordered it from the usmint.  Possibly the $2600 price was beyond jcook54 reach, it is for most folks actually, and it wasn't part of his his original query. But for picking a coin for investment, with a bonus of spectacular beauty, this is the ONE. I was fortunate in 1995 to recognize the potential of the "bonus" proof ASE with the W mintmark in the AGE sets and was able to stretch for 2 of them, and this is a similar situation, except I can't stretch for two.  My point is, though, that there are a lot more silver eagle collectors than there are gold eagle collectors, particularly those going for complete sets, so the 10,000 golds actually may be somewhat comparable to the 30,000 silvers when it comes to price appreciation. And finally, the bottom line...if you can afford it, it will probably be one of the best buys in a coin we'll have a shot at. The usmint doesn't do this very often.      I just love playing with these smilies Dennis |
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Valued Member
United States
390 Posts |
quote:
Originally posted by jcook54
Hey all, I would first like to thank all of you for your insight and advice on so many topics. It really gets a fairly new collector like myself excited and teaches me a great deal about this hobby!
I have recently saved up enough money to buy my first gold coin! It has taken a while and I really do not want to (read can not afford to) make a mistake. So, my question is, should I go with a slabbed Buffalo gold coin or a St. Gauden? I want a higher grade slab and am leaning towards the Saint for reasons of beauty, history, and darn it, it's a St. Gauden's! Keeping in mind that this is my first truly LARGE purchase of a single coin.
I guess what I really am asking is which one, in ya'lls humble opinion, will maintain/go up in value? Any advice is appreciated!
First off, I would like to apologize for hijacking this thread and going off topic. It was not my original intent. I still think the St. Gauden is a good way to go, but if you decide to buy a buffalo, and then get it graded, you might luck out and get a MS70 coin which you might be able to sell for more money. If you do this a couple of times, you might be able to buy the St Gauden with the extra money you make and still buy a buffalo. Now, this will take time and luck, but you could try it.  |
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Posted 09/28/2006 9:14 pm
