Gold Vs. Quantity

Tough decision, JC, but I had to go with buying more coins. My current plan is to use ready cash for less expensive coins whilst saving up for the big ticket items.

Let us know what you decide.

Both would be nice, so.........

On an auction a few months ago I buyed a mexican 2 1/2 pesos for 30 euro, so not to bad, a few silver german marks where just as expensive, I spended that time in total abouth 150 euro, for 1 gold, 5 silver, and abouth a pound of "regular" coins, so both things can do ;-)

Greetings, Carl

I'd go for the gold. Gold coins are beautiful and historical. There are different denominations and grades to choose from depending on budget concerns. The half eagle $5 pieces are very nice and you can pick up the Liberty design in nice condition for under $200. The incused Indian design is more expensive, but absolutely stunning. The Saint is pricey, but in an opinion shared by many collectors, one of the most beautiful coins ever minted. Definitely worth saving for. Good luck, and let us know what you decide.

First it is important that you buy what YOU want as the only person you need to satisfy is yourself. My second point would be what will happen in the future should you have an emergency and have to sell? It is much easier to sell smaller gold coins to get that extra money needed and still have some gold in your collection. If you place all your funds in a couple of coins then you have placed all your eggs in one basket, so to speak, and would face selling an $600 or more valued coin to raise $200 or $300? Do you see what I am getting at? Guess I am trying to tell you to diversify. Buy the Saint but go for some smaller economical pieces as well. Down the road pick up the other large pieces you desire but continue to pick up the smaller 1/10 ounce or 1/25 ounce coins as well. You then have a diverse collection that will serve your needs should you ever have an emergency that would require you sell off part of your collection. Its your hard earned money and, seeing how NONE of us are exactly alike, it is best you do what is RIGHT for you at any given time. Most of all enjoy what you are doing and enjoy the hunt!

Why not maximize your chance for appreciation and go for low minages years and issues that are priced like type coins? In the January 2007 issue of Coins Magazine there is an article by Mike Thorne titled "Whats Going To Be Hot This Year? - US gold coins look to be a good bet." All hype aside, the author gives detailed examples of most of the US numismatic Gold issues and denominations where there are sleepers available based on mintage numbers. Granted the relationship between price and mintage is not as pronounced in the circulated examples as uncirculated, or even in some silver type coins, nevertheless, why not go for the low mintage years if they are the same in price? Good luck!

Hey okie-colin after years of taking magazines I have yet to see an article that DID NOT promote a different coin(s) each month as the "buy" of the year. One must keep in mind magazines are advertising mediums and they must promote that which their advertisers sell. All coins hold potential but having the right coins at the right times is the key. For the most part all of us could make yearly predicitions and be right part of the time so I would take the advice offered in any magazine with a grain of salt! Collecting is individual choices and each of us, through those choices, will learn much more than any magazine will ever teach you.

I think you should get the Saint that you saved up money for. I personally have yet to own a saint. If I save up the money to purchase one like you have, I wouldn't settle on anything else yet. There is always tommorrow to save for the next gold coin.