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Instead of stacking bullion coins

BearBear Posts: 18,953 ✭✭✭
I have decided to add a number of high quality, rare, gold coins to my collection

as may be viewed on the Coin Forum. I do not know for sure which will prove

the better idea, but I expect to end up with perhaps 10 Quality gold coins,

of varying denominations. No, I do not think that a $4 gold piece is in the cards.image
There once was a place called
Camelotimage

Comments

  • curlycurly Posts: 2,880

    I have been doing similiar, brother. Slowly stacking AGEs and working on accumulating quality PCGS, CAC, gold coins.
    Every man is a self made man.
  • BearBear Posts: 18,953 ✭✭✭
    Sounds like a wise combination, of two strategies.

    Makes a lot of sense to me.image
    There once was a place called
    Camelotimage
  • fishteethfishteeth Posts: 2,245 ✭✭✭✭✭
    I like your idea. I have been adding early slabbed gold when I can get it for around the same cost of generic. I have also traded some of my silver for some really nice early stuff like an 1813 five dollar in OGH AU50
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    Good idea if you're a coin collector...bad idea if you are accumulating bullion for appreciation.. To big a premium for your coins and they normally do not fluctuate as much with the value of bullion in each coin. You need to compare the price appreciation of your coin against bullion over the last 5 years to get a feel if it's a good idea.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,359 ✭✭✭✭✭
    Bear, I pursue both bullion and a gold coin collection. In my case it is a Lib $2.50 set. I have always been a "collect by date and mint mark" type of collector.

    I have thought that a nice collection of common but fully original $10's and $20's would be fun. You get collectible coins at modest premiums over melt. Have fun.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Gem type classic US gold is an interesting contrarian play at the moment. For the most part prices of 63-66 material peaked back in Spring 2006 at $730/oz gold. On every successive cycle they have reached a lower high. Only $20 Saints and $20 Libs have made newer highs (Nov 2009) and that was at $1220/oz gold. It's pretty clear that gem generic gold is following the rare coin market and not the bullion market. For instance, MS65 $10 Indians peaked at around $7000+ in 2006, then $5400 in 2009. Currently in the mid-$3,000's. While world gold bullion supply increases at around 1.5% per year, the pops of MS65 $10's increases at a far faster pace. From mid 2005 to around mid 2007 MS65 $10 Indian pops increased around 23%, or greater than 10% per year....a rate similar to money supply growths in many nations. Even MS66's increased at 19% over that 2 yr span.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    Nothing more liquid than a good ole AGE.
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