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Chose One

CladiatorCladiator Posts: 18,050 ✭✭✭✭✭
in Precious Metals
Which would you chose to accumulate for precious metal investment purposes, long term? Assume you can get them both for the same percentage above their respective melt value.

If you must insist on chosing neither or something else just skip the thread please. I'm only interested in the two options I've listed. Thanks.


1. 90% silver U.S. half dollars
2. 90% gold foreign early 20th century numismatic coinage (not made for bullion but made for circulation) - small sized coins (1/20th ounce each or so)

Comments

  • SlangNRoxSlangNRox Posts: 774 ✭✭
    90% silver since more people around here know the silver content off the top of their head vs foreign gold.
  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭
    I would go with the gold coins for (1) space purposes, (2) the fact that you chose small coins that would still be easily resold, and finally (3) because gold is considered more precious than silver.
    imageQuid pro quo. Yes or no?
  • PerryHallPerryHall Posts: 46,231 ✭✭✭✭✭
    None of the above.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • NumbersUsacomNumbersUsacom Posts: 1,457 ✭
    seems generally, people love the halves. They seem to always command a premium over the quarters and dimes and they're not as big and

    bulky as the dollars. But silver is not gold.
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • fcfc Posts: 12,793 ✭✭✭
    number 1. i want something that is very liquid and every coin dealer
    in the nation will buy them.

    sure, the others are pretty liquid.. but there will always be that moment
    of confusion as they try to figure out what they are worth.
  • MoneyLAMoneyLA Posts: 1,825 ✭
    are you buying strictly for bullion or buying something with possible numismatic value? in which case you will have to deal with differing buy and sell premiums.
    Cheers, Alan Mendelson
    www.AlanBestBuys.com
    www.VegasBestBuys.com
  • gecko109gecko109 Posts: 8,231 ✭
    I think silver is very undervalued currently, so my head tells me to go with choice #1. However, I get tired of looking at 90% junk, but I never tire of looking at GOLD!
  • CladiatorCladiator Posts: 18,050 ✭✭✭✭✭


    << <i>are you buying strictly for bullion or buying something with possible numismatic value? >>

    Bullion only. The 90% gold coins I'm considering hold nearly zero numismatic premium.
  • carscars Posts: 1,904


    << <i>number 1. i want something that is very liquid and every coin dealer
    in the nation will buy them.

    sure, the others are pretty liquid.. but there will always be that moment
    of confusion as they try to figure out what they are worth. >>



    image
    Its all relative
  • BearBear Posts: 18,953 ✭✭✭
    Why choose? How about some of each.
    There once was a place called
    Camelotimage
  • DarinDarin Posts: 7,201 ✭✭✭✭✭
    I would take the silver halves if they're at least AU condition.
  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭
    Several have touched on the same idea, but both are appealing and my choice would depend on whether or not I already had some of one or the other. The biggest problem occurs after you've bought them and take them home. As a collector, it's irresistable to look them over and start a "collection". That immediately messes up the count. Then, you have to buy more. See what I mean?

    I had a couple rolls of British Sovereigns once, and they are charming coins and completely liquid when you desire to sell. The Swiss, German and French gold coins are tempting as well.

    I've also enjoyed the heck out of looking through a bag or two of silver halves - it's a snapshot of what was available in circulation when they were removed in 1964 - usually you will find several worn pre-1920 halves, and a few nice XF or AU Walkers. I've found complete Franklin Sets in a single bag.

    I think that ultimately you want both silver and gold. Both will have their own set of advantages.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • PutTogetherPutTogether Posts: 2,141 ✭✭✭


    << <i>Several have touched on the same idea, but both are appealing and my choice would depend on whether or not I already had some of one or the other. The biggest problem occurs after you've bought them and take them home. As a collector, it's irresistable to look them over and start a "collection". That immediately messes up the count. Then, you have to buy more. See what I mean?

    >>



    I couldn't agree with this more. It is why I can never keep or hoard 90% US coins, because I keep looking at them as "coins." My silver stays in bars that way I can keep it organized in my head as being distinctly different than my coin collection. For that reason, i would pick the small foreign gold, as it is much harder for me to think of foreign coins as "coins" than it would be to imagine US halves. You of course, may not be as OCD prone as I am, in which case, good for you.

    Removing the OCD side of things and focusing on just bullion investment, I don't think i could give an honest opinion without know what gold coins you are talking about. Sovereigns and Angels are one thing, as they are widely traded and extremely liquid, but I can't think of what a 1/20th ounce gold coin might be. Or how small it must be with a weight of under 2 grams.
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