If within ~$25-50 of one another, which door do you choose?

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Sango
Sango Posts: 177 ✭✭✭
in Precious Metals

Which do you choose?

It's a terrible picture of lady liberty, she is absolutely gorgeous. I'll have to get some better shots of her and her other lady friends.

«1

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  • Sango
    Sango Posts: 177 ✭✭✭
    edited March 21, 2017 11:53PM
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    I have but the lone Buffalo, and a few modern walkers. I have picked up both of these recently, and then 5 since, all being the Double Eagle in ms63 and ms64 in varying years

    Easy one for me.

  • abcde12345
    abcde12345 Posts: 3,404 ✭✭✭✭✭
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    Both.

  • Geckster109
    Geckster109 Posts: 231 ✭✭✭
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    The old stuff is cool, but i'd have to go with nice AU examples. I like to feel my gold, not cheap plastic! Plus you save a few bucks on the premiums too while stacking the same amount of yellow stuff.

  • 1630Boston
    1630Boston Posts: 14,157 ✭✭✭✭✭
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    1904 for me, definitely :smile:

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  • DrBuster
    DrBuster Posts: 5,446 ✭✭✭✭✭
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    The eagle...in the raw.

  • PerryHall
    PerryHall Posts: 47,752 ✭✭✭✭✭
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    I'd take the Buffalo which is a very attractive coin. The 1904 Liberty double eagle is extremely common and carries the same stigma as the 1921 Morgan silver dollar. I already have several in various grades and certainly don't need any more.

    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

  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    I would take the Buffalo... Reason one... .9999 pure, two... in a highly desirable holder (for collectors of such things), three...a more attractive coin. JMO..... Cheers, RickO

  • asheland
    asheland Posts: 24,545 ✭✭✭✭✭
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    I've always had a weakness for the Liberty Double Eagle. That one is especially attractive. :)

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  • Sango
    Sango Posts: 177 ✭✭✭
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    'The pre-33 gold is too common, go with the lump"

    LOL

  • Sango
    Sango Posts: 177 ✭✭✭
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    Some of you guys are just too much :D

  • Sango
    Sango Posts: 177 ✭✭✭
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    I do understand the purity aspect of it, but I also tend to believe that the modern bullion will have near zero collectibility down the road. With a few exceptions. Never will be they be moon, only metal (which is still great)

    I always tend to go with what can't be made more of tomorrow, etc

    If I want more low-level detail (but perfect) lumps, there's always 2018, 2019, etc etc

    Also understand the raw appeal for olds 'in the hand'.

  • Sango
    Sango Posts: 177 ✭✭✭
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    If you wave enough debt notes in the air, someone will poop you out a new lump, today or tomorrow

  • PerryHall
    PerryHall Posts: 47,752 ✭✭✭✭✭
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    Sango---Are you trying to raise your post count? ;)

    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

  • JJM
    JJM Posts: 8,129 ✭✭✭✭✭
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    Old gold

    👍BST's erickso1,cone10,MICHAELDIXON,TennesseeDave,p8nt,jmdm1194,RWW,robkool,Ahrensdad,Timbuk3,Downtown1974,bigjpst,mustanggt,Yorkshireman,idratherbgardening,SurfinxHI,derryb,masscrew,Walkerguy21D,MJ1927,sniocsu,Coll3tor,doubleeagle07,luciobar1980,PerryHall,SNMAM,mbcoin,liefgold,keyman64,maprince230,TorinoCobra71,RB1026,Weiss,LukeMarshall,Wingsrule,Silveryfire, pointfivezero,IKE1964,AL410, Tdec1000, AnkurJ,guitarwes,Type2,Bp777,jfoot113,JWP,mattniss,dantheman984,jclovescoins,Collectorcoins,Weather11am,Namvet69,kansasman,Bruce7789,ADG,Larrob37,Waverly, justindan
  • Sango
    Sango Posts: 177 ✭✭✭
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    @PerryHall said:
    Sango---Are you trying to raise your post count? ;)

    Meh beh :smile: I ought to catch you in a lifetime or two

  • mkman123
    mkman123 Posts: 6,849 ✭✭✭✭
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    I would choose the 1904

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  • rawteam1
    rawteam1 Posts: 2,472 ✭✭✭
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    Both overpriced and don't warrant the added cost.... buy low...

    keceph `anah
  • BAJJERFAN
    BAJJERFAN Posts: 31,659 ✭✭✭✭✭
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    With spot at about $1250, what's a decent buy price for a common Lib in au?

    theknowitalltroll;
  • creekdalton
    creekdalton Posts: 49 ✭✭✭
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    The old gold is cool, because they don't make them anymore, but they made way over 6 million of those, in 1904, at the P mint. I would try to find a lower mintage/year, on the old $20, if I were looking for one. When they eventually stop minting the buffaloes, a 2017, in MS70 FS, might well overtake the 1904 Liberty, in monetary value. Far fewer of them are being minted annually, as that particular vintage old coin. For example, a 2014 MS70 FS buffalo, only three years old, is already around $1600 retail, as they only minted 180,500.

  • Weiss
    Weiss Posts: 9,942 ✭✭✭✭✭
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    That is an excellent dilemma.

    I already have a handful of 1904 $20s. So even though my inclination might be the $20, I would be very tempted to go with the Buffalo.

    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • Barndog
    Barndog Posts: 20,529 ✭✭✭✭✭
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    I will take the full ounce

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  • djm
    djm Posts: 1,565 ✭✭✭✭✭
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    The Buffalo if your paying for an ounce of gold, the you should get an ounce of gold.

  • Downtown1974
    Downtown1974 Posts: 7,189 ✭✭✭✭✭
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    I'd rather the Buff as well.

  • hchcoin
    hchcoin Posts: 4,843 ✭✭✭✭✭
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    Well - I bought a buffalo at the show this past weekend in the holder for $35 over spot from a small dealer splitting a table with a larger dealer. I spent a lot of time trying to decide the question you have asked for myself. It came down to price for me. I just felt I got a better deal with the buffalo than the graded double eagles.

  • derryb
    derryb Posts: 38,605 ✭✭✭✭✭
    edited March 22, 2017 8:45PM
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    new and improved gold since you're asking on the precious metal forum.

    Ask on the US coin forum and I'll choose the $20 US coin.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    You can't spell gold without o-l-d.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • Sango
    Sango Posts: 177 ✭✭✭
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    The beautiful and also detrimental aspect of the modern stuff, is that anyone who wants a 70 can have a 70. If you can't see how that caps said coins potential premium long-term, we will just have to wait and find out I guess :) mintage total and even years mean near nothing (outside of the fractional) -- great thing is, if you want one next year, they'll be just as available. If there was ample demand for any of it, it would be supplied. Still not sure how collectible it ever becomes. Every Joe you know got a 70. Kind of makes it pointless, no?

    Ended up with two 1907, 3 1904, and a 1905, all at near same price of the buff. One 64, rest 63's, it's where the value x/y was at the time (got them less than ask on 95% or more of AU58's) flipping sweet. Couldn't be happier

    I have owned hundreds and hundreds of NGC slabbed coins over the years. The lady in the photo is now my only NGC. :D

  • Baley
    Baley Posts: 22,663 ✭✭✭✭✭
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    I'd probably choose the common date Saint in MS64

    Liberty: Parent of Science & Industry

  • Sango
    Sango Posts: 177 ✭✭✭
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    Not a huge fan of the SG's tho I did consider them. I know I'm probably the only person alive to not love the SG. But I don't. The reverse always reminded me too much of the peace Dollars, and I have a ton.

  • Baley
    Baley Posts: 22,663 ✭✭✭✭✭
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    Even more likely, I'd choose the draped bust half dollar in VF35 ;)

    Liberty: Parent of Science & Industry

  • Sango
    Sango Posts: 177 ✭✭✭
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    This reverse, however, hits me right in, on, and around the happy zone.

  • Sango
    Sango Posts: 177 ✭✭✭
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    Good stuff all,

    A wonderful decision to have

  • jimineez1
    jimineez1 Posts: 450 ✭✭✭
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    FWIW, Id choose the double eagle....

    Almost Over 100 successful deals on this forum spanning well over 10 years now, feel free to ask for references!
  • Twobitcollector
    Twobitcollector Posts: 4,749 ✭✭✭✭✭
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    Old gold

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  • OPA
    OPA Posts: 17,166 ✭✭✭✭✭
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    For potential price appreciation? I would choose the PCGS FS 70 Buff.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    The beautiful and also detrimental aspect of the modern stuff, is that anyone who wants a 70 can have a 70. If you can't see how that caps said coins potential premium long-term, we will just have to wait and find out I guess :) mintage total and even years mean near nothing

    That's news to me. If that's the case, please let me know when you can find a 2007 or 2013 MS-70 Gold Buff for me at spot or 5% over. I'd appreciate it. :)

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  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    Buying an MS70 slabbed coin is like buying a car with leather seats. Nice to look at, but very little added utilitarian value compared to cost. Poor return on investment... IE..waste of money.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • asheland
    asheland Posts: 24,545 ✭✭✭✭✭
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    Thank you for including me in your generous give-away!

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  • asheland
    asheland Posts: 24,545 ✭✭✭✭✭
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    My YouTube Channel

  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    Buying an MS70 slabbed coin is like buying a car with leather seats. Nice to look at, but very little added utilitarian value compared to cost. Poor return on investment... IE..waste of money.

    Agreed. However that doesn't preclude the fact that there's a market for them, and a premium to boot.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
    edited March 23, 2017 8:38AM
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    tried to post an image, failed.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • hchcoin
    hchcoin Posts: 4,843 ✭✭✭✭✭
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    @cohodk said:
    Buying an MS70 slabbed coin is like buying a car with leather seats. Nice to look at, but very little added utilitarian value compared to cost. Poor return on investment... IE..waste of money.

    I've got heated leather seats that came in my used car. I never would have bought them new. My wife would disagree with you on the waste of money. Well worth the money in the cold winter when it dips below 0 and the wind is blowing ;)

    She tells me that heated seats without the leather just isn't the same :/

  • derryb
    derryb Posts: 38,605 ✭✭✭✭✭
    edited March 23, 2017 8:54AM
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    @cohodk said:
    Buying an MS70 slabbed coin is like buying a car with leather seats. Nice to look at, but very little added utilitarian value compared to cost. Poor return on investment... IE..waste of money.

    The market begs to differ

    First three gold coins I ever bought were 2006 proof buffs @ about $600 ea. from the mint. PCGS put a 70 on them and I flipped them for $1800 ea. Been flippin' 70s ever since, always at a profit. The profits provide me a growing bullion ASE stack.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    @derryb said:

    @cohodk said:
    Buying an MS70 slabbed coin is like buying a car with leather seats. Nice to look at, but very little added utilitarian value compared to cost. Poor return on investment... IE..waste of money.

    The market begs to differ

    First three gold coins I ever bought were 2006 proof buffs @ about $600 ea. from the mint. PCGS put a 70 on them and I flipped them for $1800 ea. Been flippin' 70s ever since, always at a profit.

    We'll see what happens over time, just as that premium for leather seats declines over time, I'm quite confident the premium on slab bed MS70 will also.

    Car dealers continue to reap huge profits for leather seats, just as coin dealers will for slab bed ms70. Folks need to figure out if they are the dealer or the consumer.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derryb
    derryb Posts: 38,605 ✭✭✭✭✭
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    As long as the premium for 70's remains over the cost to grade them and above the premium for ungraded, they will never be a poor investment.

    I'm surprised to hear you of all people say "we'll see what happens over time." Try applying that objectivity to many of your other opinions.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • golden
    golden Posts: 10,535 ✭✭✭✭✭
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    The 1904 .

  • MilesWaits
    MilesWaits Posts: 5,597 ✭✭✭✭✭
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    Old Folks = Old Gold

    The Pure Buff has more potential for newbie interest.

    Now riding the swell in PM's and surf.
  • tommy44
    tommy44 Posts: 2,347 ✭✭✭✭✭
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    As a coin collector the 1904.

    As a bullion investor for a potential fast flip the Buffalo.

    it's crackers to slip a rozzer the dropsy in snide

  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    Out of curiosity I checked the mintages:

    1904 Double Eagle - 6,256,699

    1917 Gold Buffalo (year to date) - 54,000

    This is the 12th year of Gold Buffalos and there have been a little over 3 million of them made, counting both proofs and uncs.

    We report. You decide. :)

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.

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