The Future of World Gold

Moki

Does anyone have an informed opinion they would like to share on the investment possibilities in world gold coins?

Looking to get educated . . .

Many thanks!

MrEureka

I think that your question needs to be more specific before you can expect useful advice.

But to answer your question, some world coins will be good investments and some will be bad.

Moki

<< <i>I think that your question needs to be more specific before you can expect useful advice. >>



OK, Thanks. What is hot right now in world gold and how do you find out what coins are moving and what are not?

MrEureka

Looking to get educated . . .

OK, then. First lesson. The way for a beginner to make money is NOT to chase "what is hot right now". The best bet way to make money, at least in the long run, is to find an undervalued and out of favor series that you like enough to pursue passionately. If you're lucky, you'll have a nice collection by the time that market becomes hot, maybe in 5 or 10 or 20 years. Then you can think about cashing in.

On the other hand, if you insist on playing in the short run, stick to modern issues and bullion. Only the experts have a chance with rare coins in the short run. The spreads are just too high.

Moki

I think I get the feel of what you're saying. Actually, I just bought a foreign gold coin today for no other reason that I really enjoyed the artistry of it--even paid about 30% over book for it. And I think the rational side of myself was wanting a financial "justification" for the purchase and hence the question. I have been watching a live auction on line today which was all foreign coins and the thing that excited me about these coins was their interesting and beautiful designs and the history and culture associated with them. I was looking for permission or a rational to buy more coins on the same basis. So what your response did for me was gave me more permission to buy coins for precisely that--simply for the enjoyment of their beauty first and foremost and let the financial prospects of the coin be secondary or at least more long term. I didn't spend more than I could afford, but its always nice to think you might make something off of it some day in the future or in case of a real rainy day.

bidask

<< <i>I think I get the feel of what you're saying. Actually, I just bought a foreign gold coin today for no other reason that I really enjoyed the artistry of it--even paid about 30% over book for it. And I think the rational side of myself was wanting a financial "justification" for the purchase and hence the question. I have been watching a live auction on line today which was all foreign coins and the thing that excited me about these coins was their interesting and beautiful designs and the history and culture associated with them. I was looking for permission or a rational to buy more coins on the same basis. So what your response did for me was gave me more permission to buy coins for precisely that--simply for the enjoyment of their beauty first and foremost and let the financial prospects of the coin be secondary or at least more long term. I didn't spend more than I could afford, but its always nice to think you might make something off of it some day in the future or in case of a real rainy day.

>>

I agree about investment potential in classic foreign gold with a 5 10 year outlook...what Mr Eureka said!

Hussulo

I also agree with Mr Eureka.

I think some countries like China and Russia's gold coins would have been a good investment if you bought some a year or to ago as they have gone up in value, but whose to say if you buy any now that they will continue to rise in value.
Also paying 30% over book doesn't always make that purchase a bad buy. Some book prices are out of date or to low anyway.

MrEureka

What I neglected to explain, and should have, is that if you find a series to pursue passionately in the long run, you'll learn about the coins and the market for the coins, which will then allow you to know when something is priced right, and also when a coin is so special that it's OK to overpay.

mrearlygold

<< <i>I also agree with Mr Eureka.

I think some countries like China and Russia's gold coins would have been a good investment if you bought some a year or to ago as they have gone up in value, but whose to say if you buy any now that they will continue to rise in value.
Also paying 30% over book doesn't always make that purchase a bad buy. Some book prices are out of date or to low anyway. >>



Some of the russian 5 rouples are in the book for 300 bucks but in xf condition, some with "issues" sold at heritage auction in sept for 1100 bucks.