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newbie questions
JoeArc
Posts: 2
I'm sure you veteren collectors have seen a bunch of similar posts, but here we go....
I'm interested in gold AE's & commemoratives (maybe platinum too) to diversify my investments for the long term. I don't know much about precious metal coins. But I suspect that I'm more likely to get burned quick than get rich quick.
I got some quotes from USRCBR that seem to run higher than what I can find on E-bay for the same coin, same grade, same grading system. Example; '05 & '04 AE sets PCSG MS69 are 2X what I see listed on the internet, '03 platinum eagle $25 PGCS MS69 546 vs 318. The price diff for some commemorative coins aren't as severe; '95 Civil War $5 PF69 770 vs 550.
Is there some kind of handling fee/overhead added to the price? Or am I looking at tomorrow's prices for today's metal?
I don't want to get burned, and I do want to get my money's worth. Are the quotes I got from the dealer reasonable for the product or could I do better with more research?
I'm interested in gold AE's & commemoratives (maybe platinum too) to diversify my investments for the long term. I don't know much about precious metal coins. But I suspect that I'm more likely to get burned quick than get rich quick.
I got some quotes from USRCBR that seem to run higher than what I can find on E-bay for the same coin, same grade, same grading system. Example; '05 & '04 AE sets PCSG MS69 are 2X what I see listed on the internet, '03 platinum eagle $25 PGCS MS69 546 vs 318. The price diff for some commemorative coins aren't as severe; '95 Civil War $5 PF69 770 vs 550.
Is there some kind of handling fee/overhead added to the price? Or am I looking at tomorrow's prices for today's metal?
I don't want to get burned, and I do want to get my money's worth. Are the quotes I got from the dealer reasonable for the product or could I do better with more research?
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<I do want to get my money's worth>
Then you will need to purchase the bullion coins for around the price of bullion. There are dealers around who sell at much better prices than you were quoted by USRCBR (??). eBay works if you buy from an honest, established seller. The only costs added there are shipping fees.
Chris
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
First, why are you interested in gold AEs and commemoratives as a means to diversify your investments? Are you simply looking to accumulate some physical gold? If so, why did you happen to pick gold AEs and commemoratives? If you want to accumulate physical gold in a convenient form at the closest possible spread to the bullion price, why are you interested in slabbed versions of gold AEs and commemoratives?
If, on the other hand, you've put some serious thought into this and determined that you really want very high grade PCGS slabbed gold AEs and commemoratives, then you probably want to shop around as much as possible to compare prices (and quality of the coins), knowing that there are many hucksters in this field and, therefore, a very wide range of possible prices.
I've never puchased any of these coins, but I've read here that Tulving offers good prices and service. I'm sure you can find them on the web or else someone else here will supply the link.
Check out the Southern Gold Society
sell at at least a small premium on this basis alone. A raw coins will generally be the
cheapest but the quality may be lower.
If you're primarily interested in bullion then the best bet will probably be raw coins.
Welcome aboard.
Also, a big welcome to the boards
Joe
<< <i>to diversify my investments >>
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