Can one find gold coins near melt?

CarlWohlforth

I would like to buy some gold coins for near the value of the gold content. Can someone suggest the most fruitful coins to look for? I'm assuming world gold coins are cheaper than US. I guess there should be some on eBay. I searched and am not too up on the gold content of some of the offerings.

While it would be nice to have some variety I am mainly interested in owning some of the precious yellow metal and am not starting any particular collection

Cladiator

Have you tried raw non-key date U.S. 1/10th ounce Gold Eagles or the same in Canadian Maple's?

1960NYGiants

Carl -

bullion coins from Canada, Mexico, Australia, Great Britain, China come to mind at 5-10% above melt. Some eBayers start below melt and sometimes you can pick something up cheap. Watch for French, Prussian, Russian, and Swiss pieces from the turn of the 20th century.

Gene

wildjag

I have about 4 or 5 Cook Islands proof gold coins I am seriously thinking about unloading on Ebay soon. They are .2778 oz AGW. I like them but am trying to concentrate on just a few series

CarlWohlforth

Thanks for the suggestions. I will try for the European gold from the turn of the 20th century. If I can get some for %5 over melt or less I will. Perhaps I will try for one from each of several countries to make it more interesting.

Anybody who sells gold for melt on eBay must be losing money because they have to pay eBay and maybe PayPal fees!

coinkat

late 19th and early 20th century European gold is a good thought.

Sylvestius

<< <i>Have you tried raw non-key date U.S. 1/10th ounce Gold Eagles... >>




I was under the impression that 1/10th ounce anythings were best avoided because you may more of a premium on them than with the bigger 'coins'.

But since they're not real coins anyhow i'd suggest early 20th century European coins as a better approach. Firstly because they are gold coins and secondly because they unlike bullion 'coins' also have collector value. Bullion coins are just lumps of precious metal when all said and done and are more prone to be affected by drops in the gold market than proper collectable coins.

Stork

There are many world gold coins that can be had for near melt. There are the French 'Roosters' and Swiss Helvetias (?sp), the 20F denominations have 0.1867 oz of gold. The British sovereings have 0.2354 oz, but also come in half/double and 5 pound size, for example.

If you are after something generic for gold content places like ajpm.com will sell sovereigns near melt. I recently stumbled across this site which has a nice listing for a variety of coins... usagold.com. I've never bought from them, and not all their prices seem the best, but it's a great place to look at some world gold for ideas. Or run through the world gold section of ebay ebay world gold.

There is also a variety of world bullion. If you are after bullion value only, then the larger coins give you more gold for your dollar as the smaller coins (like the 1/10) have a bigger premium. Although they are not precisely numismatically interesting some of the designs are quite nice.

Wherever you shop watch for minimums and/or shipping fees when comparing. Have fun!


Cathy

cladking

Many people don't like to be sullied with moderns but there are hundreds of late
20th century issues which can be purchased close to melt. Many of these have
very low mintages and beautiful designs. While low mintage issues can be quite
desirable some of the higher mintages pre-1980 have fairly high attrition.

These often traded at a little discount to melt until the mid-90's but now usually
have a fairly good premium. They are still quite cheap when you consider there
are popular designs and mintages are often in the hundreds or in the thousands.
20,000 tends to be the high end.

MrEureka

Notice how CladKing neatly sidestepped the dreaded "FM" words? I won't.

Franklin Mint ROCKS!

SYRACUSIAN

These two are still at bullion level and come with a Darksider's pedigree.

Switzerland 20 francs 1896B

France 20 francs 1868A

CarlWohlforth

Are those yours Dimitri? I'd normally be reluctant to bid on items from far away unless I was familar with the seller.

By the way I think it is neat to be able to buy 100+ year old gold coins for melt value. Thanks to some forum members I have several coins coming my way. I will post photos of my favorites when they arrive. I am pretty much done buying for now, but I'll be looking for more if gold drops significantly in value.

SYRACUSIAN

Are those yours Dimitri?



Yes they are, sorry to hijack your thread but it was too good to pass.