Choice of Gold Modern MS69-70 or circulated vintage?

tydye

Both sell very close to melt. Which one is your preference?
I missed a $10 Indian this morning at melt

jmski52

Except for 90% silver, I like the shiny, brand-spanking-new stuff. I lost any interest in common circulated gold back in 1986 when the new issues could be had for much lower premiums. Nowadays, the Mint does their fair share of price-gouging, so it's really a matter of preference more than economics.

botanist

I agree with JM, definitely go for new or recent items with both bullion value and a possibility for future numismatic appreciation. An essential reference along those lines is Eric Jordan's new book: Modern Commemorative Coins, Invest Today Profit Tomorrow, where you will get specific recommendations and general guidelines. The subject has too many variables to be easily summarized in discussion threads, and so I wholeheartedly endorse the book.

Weiss

Look for the sweet spot.

An uncirculated 1987 Constitution $5 gold piece (mintage 214,225) at close to melt? No great feat.
But an uncirculated 1993 Bill of Rights $5 gold piece (mintage 23,266) at close to melt? Sweet spot.



Flipside:

An average G-VG classic $5 gold piece close to melt? No great feat.
But an XF-AU slabbed classic $5 gold piece close to melt? Sweet spot.

derryb

I always try to consider resale because there will be an exit point at some time, even if it is my heirs. for that reason I stay with raw or MS69 gold eagles.

OPA

I agree with those that indicated...stick with the modern, as it is so often called, "junk."