Collecting Gold......

Dennis88

Hello everyone

As you may know, I collect US coins since last year. (I've been collecting dutch coins since 1996, I'm only 15) Most of the time I focus me on Wheat Lincoln cents, but I also like other series.

When I got the red book (That was last summer) I always had an interest in US gold, and mainly the liberty series (2.5-20 dollar). At that point, it was for me impossible to buy gold coins, because I had literraly no real income (some pocket money, but that's it.).

Since one month, I finally found a job. I'm now delevering papers every morning, and I make around $80 each month. My dream of buying US gold coins have become some more realistic.

My question to you now is, what are the best liberty series to collect with my income?? I would love to have a double eagle, but I don't want to save my money for an half year to buy one coin (altought it is gold, and it is big..)

For example, is a coin like this a good buy, or should I look for something like this???

Any help is really appriciated....

Dennis

RYK

My recommendation is to do a type set. There are a lot of ways to do it, but with a modest income, one each $1, $2.50, $5.00, and $10.00 denominations would be a good start. I recommend finding a dealer willing to work within your budget to buy NGC/PCGS XF/AU coins. Stay away from raw gold coins, especially on ebay. If you like older coins, you might consider a No Motto (pre-1866) type set. The quarter eagle you linked to would be an okay start. I do not know anything about 1852 quarter eagles (population numbers, mintage totals, etc) but to get a nice AU 58 coin for under $300 seems to me to be a pretty decent value.

Consider buying just one gold coin. My first was given to me as a gift when I was about your age. It was not until 20 years later that I started buying them on my own.

Good luck and feel free to PM with any questions.

Robert

nepbrs44

$2 1/2 Quarter Eagle Indians are a set that you can finish with out too much trouble with one key date 1911-D that will cost but it is a set you can finish.

Good Luck!

ms71

A basic gold type set is a real pleasure, and really nice AU-58s can be found for very reasonable money if you take your time. I'd go with sharp 58s, a lot of them are nicer coins than the lower MS grades. Enjoy!

Dennis88

anyone else??

GottaGetCoins

Try the 12 Piece US Gold Set, its explain in the Registry. Then you can go on tto the 34 coin set.

GottaGetCoins

Gold Dollar, Type 1 4.00
Gold Dollar, Type 2 6.00
Gold Dollar, Type 3 2.00
Liberty $2 1/2 2.00
Indian $2 1/2 3.00
Indian Princess $3 5.00
Liberty $5 3.00
Indian Head $5 5.00
Liberty $10 3.00
Indian $10 3.00
Liberty $20 3.00
St. Gaudens $20 1.00

12 Coin US Gold Type set

1907Quarter

or you could go with the dansco gold 10 set. Look at Baley's
GOLD!

1jester

Be especially wary of counterfeits. I know Europeans aren't too keen on slabs, but if you don't buy certified coins, you significantly increase your chances of buying counterfeits.

Good luck and have fun collecting!!

DaveG

The most important question is: "Why do you want to collect US gold coins?"

Do you want one of each type? Do you want to finish a set (date or date and mint, etc.)? Do you want uncirculated coins? or circulated coins?

I'm not sure that anyone can give you a reasonable suggestion if you don't say what your goals are.

Dennis88

I like slabs, and now most of my US coins I buy are slabbed by PCGS or NGC....

I like AU coins. Specialising in a series would be my prefered way of collecting, but I know that it will take a long way before I get there..... I also collect other things.

Dennis

RYK

Dennis,

My advice to you would be to go to www.raregoldcoins.com, and read all of the (free) articles about collecting gold coins. Therein, you will discover many things to collect and many ways to collect. Do this before you make a single purchase. I wish I had!

Robert

USMC_6115

Here's one that I've been working on:





I've since added a 10.00 Liberty. I hope to finish this by the years end...It's a Capital Plastics holder.

Dennis88

<< <i>Dennis,

My advice to you would be to go to www.raregoldcoins.com, and read all of the (free) articles about collecting gold coins. Therein, you will discover many things to collect and many ways to collect. Do this before you make a single purchase. I wish I had!

Robert >>



I've done that already. But, on some reason I can't decide, all the coins look nice....

Dennis

DaveG

Dennis,

If you're interested in the post-1879 US coins (more common and a smaller premium to melt), then the common dates of this era generally sell as commodity coins in XF-AU. As a result, you're less likely to find slabbed AU affordable coins (the rare-date AUs will be slabbed, but not the common ones).

You may want to look at the half eagles and eagles from this era. There are a lot of common-date coins around and they're not too expensive. You should be able to buy a common half eagle for about $150 and an eagle for about $240 (depending on the price of gold).

However, after a year or two, you'll have a storage problem, because you'll have a lot of coins that are essentially tied to the price of gold. (If you want to do this, you may be better off establishing a relationship with a trusted dealer who can buy these coins raw - or have them slabbed - rather than buying on eBay.)

Or, what you may want to do is buy a few common coins (just to have them) and then start buying the rarer-date coins that aren't as closely related to the price of gold.