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Why There Isn't Enough Gold in My Collection
brianc1959
Posts: 350 ✭✭✭✭✭
Most/all of the auctions start with copper, then nickel, then silver, and finally gold. I usually blow my budget on copper or silver coins that catch my eye before any gold crosses the block. Anybody else have this problem?
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No...I am focused when looking for coins and ignore what is not the object of my search. Lately however, I am more of a browser, and when not on a specific mission, my interests are more in viewing nice coins - unless something special appears. That could happen in any metallic grouping - though more likely in silver or gold. Cheers, RickO
No, i’m usually focused on what is on my want list at the moment. I probably have too much gold now because I have become a bit of a gold bug. I have a great interest in the early stuff, the Charlotte and Dahlonega Mints and historic pieces, like the 1848 CAL. $2.50 and 1907 High Relief $20.
No and then I go back older interests. I am in process of mounting an exhibit on the early half dimes for the 2020 Winter FUN show. I used to gravitate toward the early half dimes whenever I got a new auction catalog. I don’t do that as much now, but been fun to pull up all I’ve learned about those coins and add a little more from “Coin Facts” and my reference books.
It sounds like gold coins aren’t a priority, which obviously, is up to you. But if you do wish to purchase some, what about by direct purchase, rather than auction?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I always go for the gold first....that’s my area of interest
Pretend an auction catalogue is in Hebrew and start reading from the back to front. Problem now solved.
no, 98 percent of my collection are pre-33 graded gold coins.
“Why There Isn't Enough Gold in My Collection”
Not enough cold hard cash.
I have six. An 1891 Indian ten dollar, 1987 Constitution $5, the 2016 100th anniversary dime, quarter and half issues and the American Legion $5 in the three-coin set.
There ain't no such coin.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
What is strange is that I used to balk at paying $500-1,000 for a gold coin (like a $10 Lib) that has half an ounce of gold - because it seemed so expensive, but never buying a Bust, Seated or Barber half for $1,000 with $5.00 worth of silver.
What makes me cry is going through the Heritage auction archives and seeing all the pre-33 gold coins that were picked up while gold was in the sub $500 range. Then I look at my coins in plastic that I thought were so scarce and desireable and that I paid big premiums to own, only to realize that they are not and I cry some more.
No, the lack of gold in my collection has more to do with the price of gold than with the placement in the auction catalog.
LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album
My wife will be glad to tell you that you can’t have enough gold in your collection.
Gold first !!!
Gold is my first choice but one problem is watching copper and silver go by at a price you would have gladly beat then when it's time for your gold lots the price blows right past what you are willing to pay now you're scraping through commemoratives and finding nothing interesting.
Gold is nice and obviously I like it, but platinum eagles with some nice looking varied designs and low mintages are a better buy now IMO if you like moderns.
However, you can never have enough nice. old classic gold.
My Rhodium coin has done pretty good and of course the late next week palladium RP is coming up. I say diversify.
My US Mint Commemorative Medal Set
One of my favorite aspects of collecting gold dollars is that the price does not move on spot gold. It'd have to reach $10K per ounce to recoup the typical investment on a common date/grade. I'm not sure I want to see adds for buying gold dollars at spot +$10.
Your nice original Barber coins will always be in demand.
He just needs to learn the right way to market them!
This is true.
Not a bad idea, but a bit ironic coming from you - I blame your company for getting me addicted to coin auctions!
Sounds like nobody really has this problem except me. And now it seems to have happened again - I was determined to buy at least one $10 or $20 gold piece at the upcoming Long Beach auction, but then I discovered a couple of lowly copper pieces that I couldn't resist bidding on!
I also gravitate toward early half dimes, but so far have only been able to pull the trigger on a nice 1795. Still no draped bust half dimes in my collection.
The 1795 half dime is the most common date in the 1792 to 1805 series. That tells you something about how tough this series is. I started back in the mid 1970s and purchased my last one for the set in 1998. I bought an upgrade / new variety for the 1797, 16 star (tTere are two varieties.) in 2016.
I don't have an 1802 and never will have one. The piece that might be the worst one in the world is currently up for auction. It will seill probably bring cluse to $10 grand, and you can't see much more than "02" with a virtually blank reverse. It was obviously a metal detector find.
You must focus on what you want to add to your collection, Grasshoppa.