Opinion on Best Gold Coin(s) to Buy?

RichR

My wife has told me that she wants to buy me a nice coin for our anniversary [I got her a nice ring last week]. Her budget is $2000+/-.

In light of recent events, I'd like to have some more gold for both investing and collecting purposes. From this standpoint, should I request the 2008 4-coin gold Eagle set; the 4-coin gold Buffalo proof set; or the 4-coin Buffalo unc set?

Which looks like it'll have the best collectibility potential?

Any input would be appreciated.

gecko109

Thats an absolute no brainer!!! Even the most common of gold pandas have mintages in the low 100,000 range. The semi-keys are in the 40-50,000 range and still sell for about the same premium as an eagle or buffalo or mapleleaf. The keys have mintages in the 17,000- 24,000 area and with a little luck can be had at a tiny premium over melt. From a purely investment standpoint, why buy a 1oz gold eagle with a mintage of half a million for $950 when you could get a 1oz gold panda with a mintage of 24,000 for the same money?

guitarwes

Why not buy a nice classic gold coin for the 2K? Or do you just want bullion, like Eagles, Buffalos, or Pandas?

-wes

gecko109

Here is a great example. I picked up this pair of gold 1oz pandas the morning that gold spiked $70 in one day. I got them for around $910 each if I remember correctly. It was either $50 or $75 over melt each. These are 1996s with a mintage of just 22,009 pieces. Sent both to PCGS where they both graded MS 69. They are probably worth melt + $300 now. The low mintage combined with the ever increasing popularity of pandas among collectors will add numismatic value to these coins above and beyond their intrinsic value. Its a great way to invest in gold!

RichR

To date, my collection is solely U.S. 19th and 20th Century...so I have a US bias...and before we were married, I used to occasionally treat myself on Eagles (there were no Buffalos then)...and my wife knows that.

So while keeping all this in mind, and with recent economic developments, I'd like to hedge with some gold.

But all input is appeciated.

PerryHall

Hold back some money for the HR Saint next year.

blu62vette

<< <i>Hold back some money for the HR Saint next year. >>



I agree with this and would find some $20 saints or libs and compare the premiums to that of the other sets you mentioned.

doh

Buy a couple decent $20 Saints...or one really nice one

adamlaneus

I second the vote for waiting a few months for the stunning 2009 Ultra High Relief Saint Gaudens double eagle replica.

That will probably be close to $1200 based on lots of educated guesses.

With $800 left, if you are interested in spending more...lots of options.

You could get a nice $10 indian head eagle for that cash.

You could get a pair of $5 half eagles for that cash, one of them and indian and one of them a liberty.

Although I do like the Gold Buffalo Proofs and would also recommend a set of those...this is a series and the UHR replica is a one year thing. Don't miss that.

Appreciation? No idea. It's gold. It probably won't go to zero and if it does, you'll be fighting your neighbor over food anyway.

notwilight

The 2007-W PR70DCAM Gold buffalo is the lowest pop and in my opinion undervalued at this time. It is also a spectacularly beautiful coin that your wife will love. --Jerry

Joflax

I would lean towards 2 platinum eagles . Platinum around $1000 feels like a good buy.
This comes from someone that has always stayed away from platinum but now feels tempted to put a toe in the water

rgCoinGuy

Depending on what you can get them for, I believe the 1/2 ounce W Mint mark Buffalo coins are currently low mintage. While that could change, I would say ask for one each of those, and get the 1/4 ouncer in both proof and uncirc. If she can squeeze in both of the 1/10th too, even better.

I also like the idea of two saints, and possibly using one of them to sell in January to buy the 2009 (or a good part of it).