Gold Coins with Numismatic Value to hoard?
ancientrodriguezfam
Posts: 3 ✭
I have a friend. She wants to hoard gold for $200-300 a month modest budget.
I told her, get something with numismatic value and close to gold spot value.
What are some ideas?$1 gold indians? $2.5 indians?
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Comments
Gold dollars and quarter eagles in any quality most collectors want to buy sell for substantial premiums to the spot price. Not the choice I'd have in mind as a good candidate for buying as a metal substitute, and not a good choice for anyone who isn't knowledgeable of either series either.
I don't believe the above budget is practical for hoarding gold at current spot prices, but if I was going to do it, I'd buy American Eagle fractionals, not any numismatic coin. It has better liquidity.
https://etfdb.com/themes/physically-backed-gold-etfs/
chopmarkedtradedollars.com
On that budget physical silver would be more attractive at this time imo. The better play is as posted above a gold or silver ETF.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
With a budget of $200 per month, save your money and buy a nice NGC or PCGS slabbed half eagle twice a year.
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
Did you read the thread title? What numismatic value do ETFs have?
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
While I can appreciate the desire to regularly invest money in some asset, I'm having a problem reconciling "hoarding" with "numismatic value" being used together. When I think of hoarding gold, I think of buying at spot and just accumulating weight. Numismatic value means selecting something for its numismatic merits and doesn't really lend itself to hoarding.
Ignoring the budget at the moment, doesn't lend itself to amassing much gold quickly, I guess if I were to hoard gold with numismatic value, I'd grab a price guide from 10 or so years ago and buy problem-free coins for which today's bullion value has just barely overtaken the value when gold was much cheaper. In theory, this would protect you from a drop in the gold value, given the comparatively high numismatic value of the underlying coin.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Historically high metals prices, limited budget, and limited knowledge of the subject = disaster on the horizon.
I wish you luck, and patience.
Maybe get 1/10 oz every two months. Move the variables around if you can't increase the budget.
Buy a nice Slabbed MS-65 Saint every year.
50 yrs in Coins, 40 yrs Certifying/Grading, 30 consecutive years teaching ANA Summer seminar, 1998 Numismatic Ambassador award, 1998 Doctorate in Numismatics, Glenn Smedley Award, ANA Governor 200/2011, Author/ Host of ANA's best selling video's, courses on grading & counterfeit detection. Taught over 1,100 paying students, Secret service agents, San Diego to Boston, Anchorage to Miami, including 2 coin cruises. Free presentations. NLG book and video awards. ANA photographer, SEM operator, Appraiser, Contributor to Redbook, Numismatist, Coin World, Numismatic News ANA Grading Guides, 40,000 Volumes in my Library, Founder ANAAB, ICG, 1995 ANA collector services appraisal/conservation, First full service Ancient coin grading service. OD Navy 75-77, WIU 77-81, Coin dealer 1981-1984, 60 year Collector U.S./ 50 Year Ancient coins. 2011-date ANA Advisory Committee. Lifetime member ANA, ANS
Semi-retired Professional Grader(ANACS) and married, Father to 3 teenage boys in Denver area.
I favor slabbed world gold in that scenario. Especially if low pop. But they going to be more than $200!
What numismatic value do $200 gold coins have? And "numismatic value" works both ways. It can disappear so you lose money even if gold stays the same or goes up.
All comments reflect the opinion of the author, even when irrefutably accurate.
This
All comments reflect the opinion of the author, even when irrefutably accurate.
With hoarding as an objective one would guess that an inflation hedge is the real objective. If so, a modest budget would not accomplish anything unless leveraged. So an ETF.
Else, modest bullion if tangible assets are insisted on. A few $2.50’s would add some interest and a slight hedge against a drop in gold. Indians are cool and may stimulate the imagination.
Silver bullion until she has enough to trade for gold.
“Gold Coins with Numismatic Value to hoard” and $200-$300 a month don’t go together.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
For this amount, you can get mediocre old gold dollars, but not much else.
Why "per month", why not save up enough for a few months to buy something nicer and closer to spot?