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 Replies: 13 / Views: 9,900 |
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Valued Member
United States
103 Posts |
Im beginning to get more involved in coin collecting - I've always been a collector, but it was more of just a small collection that I maintained. I have about 20 ounces of silver (coins and bars), some proof sets, the State Quarter collection, etc. However, I am looking to purchase my first gold piece. The one that is appealing to me the most is the 1/10th ounce panda gold coin. However, 1/10th of an ounce of gold is not a lot lol. While I collect coins for fun, I am looking to sell whenever the right time hits. My question is - would it be worth purchasing the 1/10th ounce gold coin...or will it never gain any value. Or should I sell my silver to get bigger gold pieces? Thanks! --Moved to the PM Forum by Staff-- |
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Pillar of the Community
United States
3670 Posts |
Edited by Silverhawk74
05/14/2011 12:04 am
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Pillar of the Community
United States
3184 Posts |
forget pandas....they are heavily counterfeited.........get maple leafs, gold eagles, or krugerrands.
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Pillar of the Community
United States
931 Posts |
I bought a one tenth proof Gold American Eagle yesterday. If you buy it from the United States Mint it currently costs $205 with shipping. People on ebay are trying to get $250 for the same coin. I plan to hold it for at least 20 years and I'm not worried about price fluctuation. I do think that gold will be considerably higher relative to the dollar in the future. |
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Valued Member
United States
362 Posts |
I have a few, and I love them. Easy to buy, doesn't cost a fortune. They do come at a premium though. I would try to get a non proof 1/10 gold eagle for about 10% over spot.
But luckily they also sell for a premium, and they look great.
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New Member
United Kingdom
13 Posts |
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Valued Member
Ireland
131 Posts |
I'm certainly no expert on US coinage but I personally wouldn't touch that auction with someone else's money - photos make it look like it's been sprayed with glitter paint! If you're still learning best to stay well away from anything that you don't yet fully understand and have a feel for, preferably also sticking to relatively low-cost coins until you feel more capable with the subject. Norm |
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Valued Member
United States
362 Posts |
Maybe its got chocolate inside!
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Valued Member
United States
172 Posts |
funny you asked that I was at my local coin shop today and the owner (whose the 3rd generatiuon of the store) gave me the "rundown" on purchasing gold......he informs everyone lookinh to buy gold to buy the LARGEST amount you can purchase at one time due to the fact that smaller denominations (1/10, grams, etc..) have more premiums.....The closer you get to the 1 oz eagles, maple leafs, etc the closer you get to spot price(less premiums).....so if you only have enough to get 1/10 at a time then go for it....gold will always have value so its not like stocks that could bankrupt one day....if you can afford to go more do that....i waited an extra month and purchased the 1/4oz instead of the 1/10 due to his reasoning.....don't know if everyone here agrees to this or not, but it made sense to me and when your looking at cost to value it would make sense to try and pay the least amount of premium when buying an investment....
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Valued Member
 United States
103 Posts |
I like the pandas - if you can find them in stock I feel like they are a better buy because the premium seems to be a little higher when you go to sell them...but what do I know, I'm new to this...lol
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Pillar of the Community
United States
4008 Posts |
The guy selling that coin says that the weight is 9.9 grams. That is just under 1/3 of an oz. At that low a weight for the 30+ mm diameter, there probably isn't ANY gold in it but there MAY be a thin veneer ON it. In any case, I would pass this up pronto.  |
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Rest in Peace
United States
9104 Posts |
long term, I can see people collecting gold dimes, but not heavier denominations. $2.50 old gold were collected by dates, much less $20, or even $10.
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Pillar of the Community
United States
3184 Posts |
The problem with buying the biggest is that they may be harder to sell. Liquidity is a key thing to think about.
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Valued Member
United States
362 Posts |
1/10th oz coins are a great way to collect, you should get deals on them though. The last coin show I went to, got a 1/10th oz proof for 175$.
My local coin shop also treats ALL gold coins the same, with a 5% increase from spot. He does not have a lot of 1/10 oz gold eagles, but I always pick one up if he has one.
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Replies: 13 / Views: 9,900 |
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! Here is a couple of recent links to threads in this forum that come to mind, with much information on this subject.... 
Posted 05/14/2011 03:28 am
