Gold type dilemma
as with a few of you who visit the pm sight and collect the gold type set, I continue to try to add some gold while still somewhat coin collecting. After selling some more of my type coins, I will likely be able to hunt for an add another gold coin or two. That said, I always struggle with adding a nice coin, adding a few less nice(but what I think is appealing coins) or adding the most gold. A pic of the gold set as it stood awhile back. So if you could add ;
A) the three Vf/XX type coins $2.5 o, 2.5 s, $10p Attached some pics
maybe a ms64 st gaudens. Attached a pic
C) maybe an entry level gold cc or gold c mint mark
D) a nicer $10 lib or $1 gold type coins
Some of my thoughts are:
-although owning better $1 coins or a c mint would be nice, there is not much gold and the size of the coins are small and tough for me to appreciate with just eyes( eyesight is t getting better)
-like the vf/Xf coins, seem to have a decent eye appeal, but maybe they are just dreck...do want to add an o mint to the collection
-like the look of the $20, but premium over spot sometimes seems like not the best move
Ideally would love to get a capped or draped gold coin, but they are out of my price range right now...
Any thoughts on what might be more satisfying to add, are appreciated.
Comments
Depends on your objective. Personally I like non-generic Saints, cac, in a grade like 64. Like 1910 etc. You get good amount of gold for your money, also a collector side. Also like the cac type 2 double eagles in below MS. Less coins, better coins.
He who knows he has enough is rich.
It seems you are wavering between collecting and stacking....You can do both, but the collecting side is a tad more expensive (value vs. melt). When it comes to the collecting side of gold, I buy only that which has significant appeal to me - that includes condition, appearance and unique characteristics (i.e. mm, rarity) - and usually need all three to get me to buy. Stacking, well... mainly bargain pricing....buy on the dips or exceptional deals that rarely appear. Cheers, RickO
The value of the metal probably offers more upside than the rarity.
Both are good options, but that scarce, southern gold is sure addictive.
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So, only decision so far is that it won’t be bullion, want to add something different to my collection. That said the dilemma still exists.
$5 D vf CAC
$5 C vf CAC
$2.5 O xf + either a NM $10 in Au or a $5 CC in Au
All work out to about the same price.
Does the allure of owning a D or C outweigh the prohibitive cost?
Any thoughts appreciated...Have you owned something like this ( southern gold), and did it stay in your collection/ hoard or was the pleasure short lived and then sold and back to other items.
Any Interest.....PM me. I've got 3 Dahlonega Gold $5.
"like the look of the $20, but premium over spot sometimes seems like not the best move"
The $20s as a rule have the lowest premium to melt.....the $1's and $3's the highest. It's only common sense. Your best bang for the buck is in the $10's and $20's at minimal premiums to melt. If you want to collect truly scarce US Gold that has a chance of appreciating due to true scarcity and increasing demand, then look at bust gold, no motto gold, CC's, Dahlonega, Charlotte, key dates or varieties, condition census pieces. The $10's and $20's will generally roll with gold. If gold is heading a lot higher, the best return will be in those selling the most closely to bullion.
ALWAYS go for the biggest, heaviest , chunkiest gold you can buy. $20 Saint or my favorite the old school cool $20 Liberty.imo