At $2067/oz, classic and commem gold is worth exactly 100x face.

Overdate

Notable milestone, but also the reason that gold coins and sets are becoming unaffordable for many collectors. It also helps explain the extraordinary low mintages of recent gold commems, and the the small premiums they bring despite their scarcity.

GoldFinger1969

I didn't think of that, but it's a good catch.

$20.67 official gold price x .9675 ounces of gold = $20.00 (rounded) face value of a double eagle

Estil

Even if I could afford to do gold, the going rate of $250-$300ish for even the tiny dime size 1/10 oz Gold Eagles is just too much for me per coin...as gold is most likely due for a bubble burst and there's just way too much to check off my silver wishlists besides. It would make far more sense to get most of my silver wishlists done first before I can worry at all about any gold, right?

TwoSides2aCoin

I just buy and sell it , despite milemarkers.

Downtown1974

@Estil said:
Even if I could afford to do gold, the going rate of $250-$300ish for even the tiny dime size 1/10 oz Gold Eagles is just too much for me per coin...as gold is most likely due for a bubble burst and there's just way too much to check off my silver wishlists besides. It would make far more sense to get most of my silver wishlists done first before I can worry at all about any gold, right?

There isn't a soul on these boards that can predict the bubble burst you speak of.
Nothing wrong with accumulating silver if that is within your budget. By your wishlist, it looks like you are more of a collector than a “stacker”. That’s good for you. The pleasure you get from hunting and completing a set of coins is often more gratifying than the return on investment. Stacking gold and silver takes a different mindset and a lot of patience.

Estil

@Downtown1974 said:

There isn't a soul on these boards that can predict the bubble burst you speak of.
Nothing wrong with accumulating silver if that is within your budget. By your wishlist, it looks like you are more of a collector than a “stacker”. That’s good for you. The pleasure you get from hunting and completing a set of coins is often more gratifying than the return on investment. Stacking gold and silver takes a different mindset and a lot of patience.

I figure why not have the best of both worlds? I mean if I make folders of silver dimes, quarters and hopefully soon halves, that's kinda also like stacking right?

Downtown1974

@Estil said:

I figure why not have the best of both worlds? I mean if I make folders of silver dimes, quarters and hopefully soon halves, that's kinda also like stacking right?

Sure…you will always have the value of the metal to fall back on if the collectible premium goes away.

Estil

@Downtown1974 said:

@Estil said:

I figure why not have the best of both worlds? I mean if I make folders of silver dimes, quarters and hopefully soon halves, that's kinda also like stacking right?

Sure…you will always have the value of the metal to fall back on if the collectible premium goes away.

Honestly I hope there is as little "collectible premium" as possible so that checking off the boxes off my silver wishlists is more affordable! And when stacking/investing or whatever the way to do it is to buy low, sell high is it not?

One thing is for sure, it is really nice to have some good honest money (pre-1965 dimes/quarters/halves) isn't it?

GoldFinger1969

@Estil said:
Even if I could afford to do gold, the going rate of $250-$300ish for even the tiny dime size 1/10 oz Gold Eagles is just too much for me per coin...as gold is most likely due for a bubble burst and there's just way too much to check off my silver wishlists besides. It would make far more sense to get most of my silver wishlists done first before I can worry at all about any gold, right?

It's your choice....but you can't think gold is in a "bubble" but be looking to put $$$ into silver...that's illogical.

Look, I understand that the higher price-point of gold means fewer purchases than silver. But there's something to be said for some of the beautiful gold coins we have.

Estil

@GoldFinger1969 said:

It's your choice....but you can't think gold is in a "bubble" but be looking to put $$$ into silver...that's illogical.

Look, I understand that the higher price-point of gold means fewer purchases than silver. But there's something to be said for some of the beautiful gold coins we have.

At least silver has some room to grow (hence when I started coin collecting in 2022 I knew it'd be wise to get all the silver I can when it was down to $18 an ounce as I figure there probably wasn't much room for it to get much lower, and if it did/does, well, that just makes it all the more easier to check off all the silver coins I want for my collection!

Gold is currently at near record prices so there's hardly any room for it to grow much higher and plenty of room to drastically lose value (just as we plainly saw when the dot-com and housing bubble burst and even in the early 80s when gold/silver were both at record highs). No I'm not any sort of investment/financial expert, I'm just using plain ol' horse/common sense. The idea is to buy when something is low and sell when its high, is it not?

Higashiyama

@Estil said “Gold is currently at near record prices so there's hardly any room for it to grow much higher and plenty of room to drastically lose value (just as we plainly saw when the dot-com and housing bubble burst and even in the early 80s when gold/silver were both at record highs). No I'm not any sort of investment/financial expert, I'm just using plain ol' horse/common sense.”

I’m not advocating for or against gold, but I’d observe that it may be hard to apply intuition and common sense in this domain. You might look at the current situation and be concerned that gold is near its all time high. Or, you might observe that gold has roughly doubled over the past fifteen year—so annual growth of a bit less than 5 %. That hardly seems like bubble territory.

blitzdude

Theres a reason central banks are buying the Metal of Kings in record numbers. They certainly aint hoarding gutter metal. RGDS!

GoldFinger1969

@Estil said:
No I'm not any sort of investment/financial expert, I'm just using plain ol' horse/common sense. The idea is to buy >when something is low and sell when its high, is it not?

Well, I AM an investment and financial expet, so I will opine here.

What you are saying may or may not turn out the way you want but it has nothing to do with common sense or buying low. You're basically going after the lower-priced item on the belief that it can move "more" or is down more off its all-time highs (which is true).

But all that says is that silver is more volatile than gold. I do agree that if gold goes up to $3,000 by 2030 as I expect that silver will PROBABLY go up more. But maybe not....and if gold goes up less or is flattish or declines a bit, silver may lose more.

Predicting PM prices is Fool's Gold. You should really collect what you LIKE and not what you "think" will go up.

I know that with silver about 1% of the price of gold that one can do much more buying/collecting of silver and silver coins than gold coins. It can be frustrating doing infrequent and few purchases of gold coins unless one is a person of means (it's one of the reasons why I do so much reading/research on Saints, etc. ).

Ultimately, do what YOU want to do -- not what the prices or metals are allegedly "telling" you.

Estil

@GoldFinger1969 said:

Ultimately, do what YOU want to do -- not what the prices or metals are allegedly "telling" you.

Oh there is a LOT that I ant to do and collect in my various collecting hobbies but so very little money to do it with sadly. I can only hope, God willing, I at least got time on my side (I'll be 44 next month) so that eventually I'll get to do most of what I want to do in these, as blitzdude likes to say, RGDS!

Estil

@blitzdude said:
Theres a reason central banks are buying the Metal of Kings in record numbers. They certainly aint hoarding gutter metal. RGDS!

You know no one did answer a previous question about if the gold in those gold reserves that big banks and even countries have is actually used for anything or if it just kinda sits there. Like, are there in fact transactions/purchases made directly with gold bars?

And all I'm trying to say is that I have to be like Mr T and take all my hobbies one step at a time. It wouldn't make any sense to start collecting gold coins without having the silver collections I want at least mostly done first. It wouldn't make sense to do really old stamps without first doing the 40s-90s year/decade sets (that's my main goal). It wouldn't make any sense to do 60s baseball card sets without first having the early 70s sets. After all, I'm pretty sure you didn't get to start collecting the Metal of Kings (not Elvis right?) right from the start as a little kid and I'm sure you didn't get your current gold collection overnight, correct?

GoldFinger1969

Me.....personally....I'd rather buy 1 Saint every 2 or 3 years.....than buy a dozen or so Morgans, silver coins, and commemoratives every year.....even in strikes I like (i.e., National Park Foundation Saint-Gaudens).

Estil

@GoldFinger1969 said:
Me.....personally....I'd rather buy 1 Saint every 2 or 3 years.....than buy a dozen or so Morgans, silver coins, and commemoratives every year.....even in strikes I like (i.e., National Park Foundation Saint-Gaudens).

That wouldn't be any fun at all for me. The most common theme in all my collections is to try to collect as much of a yearly sequence as I can (especially 80s/90s; my child/teen years). I mean that is the whole idea of having a hobby is for it to be fun, a challenge, a journey, is it not?