Any benefit to collecting circulated US gold?

Longacre

Does anyone have any thoughts on collecting circulated US gold? I find that the circulated coins are a little beat up, and it seems to be hard to find certified pieces. Does anyone have any thoughts?

Baley

Here you go!

CarsonCityGold

Works for Me !!

mrearlygold

Nah, hold out for only "investment grade" MS-65's or better.

Tom

tjkillian

Yes, I would only collect MS-65 and higher Dahlonega and Charlotte gold. There are plenty of pieces to go around and no one would even look at a circulated one.

Just kidding. No, circulated gold is very collectable. I have several pieces.

Tom

Sequitur

Baley nothing wrong with those coins.

Does anyone have any thoughts?

Yes. If you have to make a choice between getting, say, a half-dozen AU or lower gold pieces, or one spectacular MS coin, I would step up to the single MS coin. I think you'll find you appreciate the gems much more, and, generally speaking, the better the grade the more chance it will appreciate (but this is not a universal maxim).

But if you decide to go the XF or AU route, nothing wrong with that. Since joining this forum last year I've obtained a greater appreciation for silver and copper coins, but nothing compares to the magic of collecting gold coins, be they old or modern.

atarian

i wouldnt buy anything under XF unless it was hard to find and rare then maybe VF> but nothing below that

Wondo

Longacre,

Yes, there are several reasons to buy circulated coins of any type. The number one reason is that you can touch them. Gold coins have value unrelated to it's numismatic value - you buy a coin cheap and the downside is minimal.

clw54

<< <i>Any benefit to collecting circulated US gold? >>


Absolutely, if you like the coins.

RYK

Over 80% of my collection is "circulated US gold." I would answer a resounding yes! Certified pieces of rare date gold are easier to find than uncirculated, widely collected, and considerably more affordable.

aem4162

buy them because they're pretty and they're been around

RYK

And one more thing...the circulated coins have character. Many of the pre-Civil War southern mint gold coins were literally buried in the owner's yard during the War (they did not trust the banks). Sometimes the owner never made it back and the coins surfaced years or generations later.

You don't have stories like that about MS Saints. They sat in bags in teh Mint or in Europe before being discovered. Boring!

coinguy89

I own a 1982 tenth of an once gold canadian piece and a 2002 tenth of an once american gold piece graded MS-69 by NGC. But im gonna sell them, some time in the future i'll probably buy old gold coins though.

Stuart

<< Any benefit to collecting circulated US gold? >>

Longacre: My answer to the above question is yes, and my evidence is offered in the 2 AU coins pictured below:

1893-CC PCGS AU-58 $20 Gold Coronet Liberty Double Eagle


1922 AU $20 Saint Gaudens