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Quality vs. Quanity

lunytune2lunytune2 Posts: 1,077 ✭✭✭
in Precious Metals
In your oppinion , would YOU rather have 10 gold pieces .. or 1 rare gold piece ? Assuming right now they are numismatically valued the same .

















Comments

  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    It would depend on my financial situation. If I didn't have much gold or silver, I'd opt for the 10 common gold pieces. Absolutely.
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  • 1jester1jester Posts: 8,637 ✭✭✭
    I recently sold one scarce numismatic gold piece (ducat, 3.5 grams) and use the money to buy just over 1 ounce, so that's a similar situation to what you listed. So yes, I have done that and would again because in these times it's better to stack than to collect.

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  • bstat1020bstat1020 Posts: 2,151 ✭✭
    10 common pieces.
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  • sbeverlysbeverly Posts: 962 ✭✭✭
    Generally speaking, I'd go for the 10 pieces.

    The speculator in me might go for the 1 rare gold piece if, after much due diligence I could conclude that it was presently undervalued and it was
    a piece that had enough interest to appreciate more than the 10 gold pieces.

    But, the 10 gold pieces is the safer bet.
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  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Right now, gimme the 10.
  • tydyetydye Posts: 3,894 ✭✭✭
    This is the PM forum - it is all about quantity
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    10 is better than 1 ... image
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  • BBQnBLUESBBQnBLUES Posts: 1,803 ✭


    << <i>This is the PM forum - it is all about quantity >>


    AMEN !!!!
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,286 ✭✭✭✭✭
    I'll take quantity in this forum & quality in the other.
  • lunytune2lunytune2 Posts: 1,077 ✭✭✭
    Lets see what the late day crowd says ...
  • bestmrbestmr Posts: 1,777 ✭✭✭
    If they are valued the same, I'd go with the 10 vs 1 any day. Now, if it was say 10 vs 1 1907 UHR, well, that's another story.
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  • MilesWaitsMilesWaits Posts: 5,349 ✭✭✭✭✭
    So, this is a rhetorical question?!
    Now riding the swell in PM's and surf.
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,362 ✭✭✭✭✭
    "Quantity has a quality all its own" - J. Stalin

    Despite the source I tend to agree.
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  • goingbrokegoingbroke Posts: 1,410
    the performance of US $20 gold pieces 3/2009 to 10/2010. In terms of "dollars per ounce" calculated from the premiums averaged over all grades of the Liberty type and the St. Gaudens type, the Liberty US$20s lost two percent and the St. Gaudens gained 5%. Simple gold bullion gained 46% over the same time, showing once again that numismatic coins do not outperform bullion.

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  • meluaufeetmeluaufeet Posts: 764 ✭✭✭
    In gold... I'd take the quantity... especially if we are talking ounces and not 'fractionals'... ten oz would be hard for me to turn down... I'm thinking more 'liquid'...

    Now if it were silver... I'd take the quality... NO QUESTION ABOUT IT. I'd probably take a nice ASE reverse proof over 10 oz of generic. I've got a decent stack of silver.

    But the answer is based upon the premise of 'equal value'...

    I also think at some point down the line... I'd kick myself for not taking the 'rare gold'... coulda woulda shoulda mighta oughta.

  • 1201reset1201reset Posts: 185 ✭✭
    Ten in the hand, is worth 1 in the bush?,
    I'll take the 10!.

    _Reset
  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    So, this is a rhetorical question?!

    Miles, you know that it's not. Almost all of our low mintage 2006-W and 2008-W Gold and Platinum Modern Bullion rarities that were red-hot back then have been losing premium and underperforming bullion for at least a year now. I expect that the same is true to some degree with other scarce gold coins.

    That's not a complaint, they've been very good investments. The cycle will turn again if the economy ever recovers. In the meantime, the flip side of our double-whammy coins is working just fine.image
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  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    I'll answer yes along with the others to the leading question, phrased as it is in isolation of context and deviod of details, and assuming a binary choice of mutual exclusivity.

    if by "have" you mean "receive" then yeah, give me the mass of gold, because I don't want to get stuck with a "rare" coin I don't want

    however, if it were a type I lacked and desired, I could easily trade the mass for the the rarity. Does it have a small eagle on the back?

    Liberty: Parent of Science & Industry

  • RedHerringRedHerring Posts: 2,077 ✭
    Scott Travers wrote in one of his books to go for one rare gold piece over generic quantities.

    I agree with him, but right now I have 10. image
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    I want everything, as cheap as I can get it.
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  • lunytune2lunytune2 Posts: 1,077 ✭✭✭
    The reason for my question is there is a show coming in my area . A gentleman there always has capped bust gold .... I want one :-) .... currently I just have generic gold and no extra means to purchase a capped bust coin outright .
  • keepdachangekeepdachange Posts: 1,374
    Ten for sure
    "If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt
  • PerryHallPerryHall Posts: 46,119 ✭✭✭✭✭


    << <i>10 common pieces. >>

    image

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  • RedHerringRedHerring Posts: 2,077 ✭


    << <i>The reason for my question is there is a show coming in my area . A gentleman there always has capped bust gold .... I want one :-) .... currently I just have generic gold and no extra means to purchase a capped bust coin outright . >>




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    I feel your pain. I've dreamed about a Draped Bust Half Eagle many a night. image Legend has just what I want for sale right now at $34.5K. It's a PCGS MS63 1806 Half Eagle Round 6, 7X6 Stars.

    You might lose out on some of the Au rally by trading now, but..........if you really want a Capped Bust Gold piece, this could be a good time to trade too. image
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