I'm glad that you do not collect gold coins.

oldcameoproofsguy · February 8, 2008 3:41AM

1. The lack of interest keeps prices down.
2. People assume that because it's gold that it's going to be exceedingly expensive.
3. The coins are backed by bullion.
4. Very scarce to rare issues are considerably less $$$ than their comparable copper, nickel or silver counterparts.
5. They are beautiful coins.
6. The numismatic value to bullion value is far lower than copper, nickel or silver coins... even at $900/oz.
7. It takes just as much skill and numismatic knowledge to find desirable gold as it does for copper, nickel or silver coins.

Therefore, I'm glad that you do not collect gold coins.

BECOKA · February 8, 2008 3:44AM

<< 1. The lack of interest keeps prices down.
2. People assume that because it's gold that it's going to be exceedingly expensive.
3. The coins are backed by bullion.
4. Very scarce to rare issues are considerably less $$$ than their comparable copper, nickel or silver counterparts.
5. They are beautiful coins.
6. The numismatic value to bullion value is far lower than copper, nickel or silver coins... even at $900/oz.
7. It takes just as much skill and numismatic knowledge to find desirable gold as it does for copper, nickel or silver coins.

Therefore, I'm glad that you do not collect gold coins.

>>

I collect gold coins and the ones I want are skyrocketing.

Try to find something like this cheap:

blu62vette · February 8, 2008 3:53AM

I would really like to start but current prices may keep me away. Regardless I will be picking up some more common gold this year.

BECOKA · February 8, 2008 3:55AM

<< I would really like to start but current prices may keep me away. Regardless I will be picking up some more common gold this year. >>

Now common gold coins from 100+ years ago don't seem to have been affected nearly as much as modern bullion by the bullion prices. Now might be a good time to start looking.

blu62vette · February 8, 2008 3:58AM

<< 

<< I would really like to start but current prices may keep me away. Regardless I will be picking up some more common gold this year. >>

Now common gold coins from 100+ years ago don't seem to have been affected nearly as much as modern bullion by the bullion prices. Now might be a good time to start looking. >>

C'mon tax refund!!!! That will be the first inflow to start the process. I have a few $20 double libertys but will be working on a somewhat type set.

clarkbar04 · February 8, 2008 4:00AM

Back when gold was 400 an ounce I couldn't afford it, now my income has doubled but so has gold! If gold ever goes back down to 400 I'll be all over it.

Or, I can keep dreaming, along with hopes of 99 cents/gal gasoline.

BECOKA · February 8, 2008 4:05AM

<< Back when gold was 400 an ounce I couldn't afford it, now my income has doubled but so has gold! If gold ever goes back down to 400 I'll be all over it.

Or, I can keep dreaming, along with hopes of 99 cents/gal gasoline. >>

Just a little at a time. You don't have to buy a key date or a full ounce, you can get fractional coins a little at a time and they add up over time.

ttown · February 8, 2008 4:07AM

Look at $5 and $10 common date lib's. There's quite a few that can be had for near spot in curculated grades and you can build quite a run over time with dates and mint marks.

TomB · February 8, 2008 4:08AM

Ben, are you looking to move that lovely 1838-D half eagle?

STONE · February 8, 2008 4:09AM

I started, I sold, I repurchased better examples, and now I'm focusing on other series until gold drops.

coinut1799 · February 8, 2008 4:11AM

Becoka;
Nice classic head! It would probably be a valuable coin if someone could just delete that silly "D" above the date.

clarkbar04 · February 8, 2008 4:16AM

<< 

Just a little at a time. You don't have to buy a key date or a full ounce, you can get fractional coins a little at a time and they add up over time. >>

OR, I could quit spending so much money on my cars!!

ttown · February 8, 2008 4:17AM

<< 

<< 

Just a little at a time. You don't have to buy a key date or a full ounce, you can get fractional coins a little at a time and they add up over time. >>

OR, I could quit spending so much money on my cars!! >>

Amen, now that's a real watse of resources. Now that I've got a couple of hot rods mybe I can stop now

BECOKA · February 8, 2008 4:18AM

<< Ben, are you looking to move that lovely 1838-D half eagle?

>>

At the right price. Although you could probably get a nice MS example for that price.

<< Becoka;
Nice classic head! It would probably be a valuable coin if someone could just delete that silly "D" above the date.

>>

You just go ahead and try. I will make sure I have the Samurai guarding it.

BECOKA · February 8, 2008 4:21AM

<< 

<< 

<< 

Just a little at a time. You don't have to buy a key date or a full ounce, you can get fractional coins a little at a time and they add up over time. >>

OR, I could quit spending so much money on my cars!! >>

Amen, now that's a real watse of resources. Now that I've got a couple of hot rods mybe I can stop now

>>

If I stopped spending so much on coins I could afford to work on my 914.

DeusExMachina · February 8, 2008 4:23AM

<< 1. The lack of interest keeps prices down.
2. People assume that because it's gold that it's going to be exceedingly expensive.
3. The coins are backed by bullion.
4. Very scarce to rare issues are considerably less $$$ than their comparable copper, nickel or silver counterparts.
5. They are beautiful coins.
6. The numismatic value to bullion value is far lower than copper, nickel or silver coins... even at $900/oz.
7. It takes just as much skill and numismatic knowledge to find desirable gold as it does for copper, nickel or silver coins.

Therefore, I'm glad that you do not collect gold coins.

>>

I agree. Take this one: the surfaces are abraded, there is dirt in the devices and it has a big scratch. UGLY.

I would also add - gold coins tell a historic, economic story too. In order to mint gold coins with a face value on the coin, the govt had to fix gold prices. An interesting concept indeed.

PerryHall · February 8, 2008 5:30AM

You forgot to list one of the biggest advantages of collecting gold coins---gold is far less reactive than other coinage metals. With gold, you are far less likely to experience problems with milk spots, corrosion, tarnishing, carbon spots, etc. This is a major consideration if you live in a warm humid climate especially near the ocean with salt air.

fastrudy · February 8, 2008 5:36AM

No such thing as "salt air". Salt solution, salt spray, salt licks, salted popcorn

, Sault St. Marie.....but no such thing as salt air. The characteristic smell of the oceans is from the oceanic organisms. NaCl is not very soluble in air.

BBN · February 8, 2008 5:39AM

<< 

<< 1. The lack of interest keeps prices down.
2. People assume that because it's gold that it's going to be exceedingly expensive.
3. The coins are backed by bullion.
4. Very scarce to rare issues are considerably less $$$ than their comparable copper, nickel or silver counterparts.
5. They are beautiful coins.
6. The numismatic value to bullion value is far lower than copper, nickel or silver coins... even at $900/oz.
7. It takes just as much skill and numismatic knowledge to find desirable gold as it does for copper, nickel or silver coins.

Therefore, I'm glad that you do not collect gold coins.

>>

I agree. Take this one: the surfaces are abraded, there is dirt in the devices and it has a big scratch. UGLY.

I would also add - gold coins tell a historic, economic story too. In order to mint gold coins with a face value on the coin, the govt had to fix gold prices. An interesting concept indeed. >>

I'd take it in a heartbeat, but I'm saving up for a Saint right now. I'm trying to fill my 7070 gold part. Numismatic value isn't important to me on the gold page so I'm looking for generic dates in AU to low MS condition.

BECOKA · February 8, 2008 5:49AM

<< 

<< 

<< 1. The lack of interest keeps prices down.
2. People assume that because it's gold that it's going to be exceedingly expensive.
3. The coins are backed by bullion.
4. Very scarce to rare issues are considerably less $$$ than their comparable copper, nickel or silver counterparts.
5. They are beautiful coins.
6. The numismatic value to bullion value is far lower than copper, nickel or silver coins... even at $900/oz.
7. It takes just as much skill and numismatic knowledge to find desirable gold as it does for copper, nickel or silver coins.

Therefore, I'm glad that you do not collect gold coins.

>>

I agree. Take this one: the surfaces are abraded, there is dirt in the devices and it has a big scratch. UGLY.

I would also add - gold coins tell a historic, economic story too. In order to mint gold coins with a face value on the coin, the govt had to fix gold prices. An interesting concept indeed. >>

I'd take it in a heartbeat, but I'm saving up for a Saint right now. I'm trying to fill my 7070 gold part. Numismatic value isn't important to me on the gold page so I'm looking for generic dates in AU to low MS condition. >>

Ahh but there is no story in the Saints and a charlotte gold piece is so collectible. Sorry SG but I have to put a C mint above a Saint.

oldcameoproofsguy · February 8, 2008 5:59AM

<< Now common gold coins from 100+ years ago don't seem to have been affected nearly as much as modern bullion by the bullion prices. Now might be a good time to start looking. >>

This is true!

Take the 1894-S Half Eagle for an example. It is considered a "common date."
It has a mintage of 56,000 and PCGS has only graded 100 examples in all grades.
However, this coin can be obtained for only the fraction of the cost of a copper 1909-S VDB
or a silver 1916-D dime in pretty much any grade.

clarkbar04 · February 8, 2008 6:03AM

<< 

If I stopped spending so much on coins I could afford to work on my 914.

>>

Nice car. Does that even need any work?

Oh yeah, its a porche. Of course it does.

DeusExMachina · February 8, 2008 6:04AM

<< 

<< Now common gold coins from 100+ years ago don't seem to have been affected nearly as much as modern bullion by the bullion prices. Now might be a good time to start looking. >>

This is true!

Take the 1894-S Half Eagle for an example. It is considered a "common date."
It has a mintage of 56,000 and PCGS has only graded 100 examples in all grades.
However, this coin can be obtained for only the fraction of the cost of a copper 1909-S VDB
or a silver 1916-D dime in pretty much any grade. >>

The half eagle series has several such examples. Same with quarter eagles.

BECOKA · February 8, 2008 6:07AM

<< 

<< 

If I stopped spending so much on coins I could afford to work on my 914.

>>

Nice car. Does that even need any work?

Oh yeah, its a porche. Of course it does.

>>

Leaks like crazy, 30+ year old seals. I need to rebuild the engine and the tranny.

PerryHall · February 8, 2008 6:12AM

<< No such thing as "salt air". Salt solution, salt spray, salt licks, salted popcorn

, Sault St. Marie.....but no such thing as salt air. The characteristic smell of the oceans is from the oceanic organisms. NaCl is not very soluble in air. >>

Isn't the humidity in the air water? Why does steel rust faster near the ocean air?

BECOKA · February 8, 2008 6:14AM

<< 

<< No such thing as "salt air". Salt solution, salt spray, salt licks, salted popcorn

, Sault St. Marie.....but no such thing as salt air. The characteristic smell of the oceans is from the oceanic organisms. NaCl is not very soluble in air. >>

Isn't the humidity in the air water? Why does steel rust faster near the ocean air?

>>

blu62vette · February 8, 2008 6:18AM

<< 

<< No such thing as "salt air". Salt solution, salt spray, salt licks, salted popcorn

, Sault St. Marie.....but no such thing as salt air. The characteristic smell of the oceans is from the oceanic organisms. NaCl is not very soluble in air. >>

Isn't the humidity in the air water? Why does steel rust faster near the ocean air?

>>

Another reason to have a nice old fiberglass corvette......

mhammerman · February 8, 2008 6:24AM

"I agree. Take this one: the surfaces are abraded, there is dirt in the devices and it has a big scratch. UGLY."

Yeah, that ones a dog for sure...

RYK · February 8, 2008 7:10AM

<< 1. The lack of interest keeps prices down.
2. People assume that because it's gold that it's going to be exceedingly expensive.
3. The coins are backed by bullion.
4. Very scarce to rare issues are considerably less $$$ than their comparable copper, nickel or silver counterparts.
5. They are beautiful coins.
6. The numismatic value to bullion value is far lower than copper, nickel or silver coins... even at $900/oz.
7. It takes just as much skill and numismatic knowledge to find desirable gold as it does for copper, nickel or silver coins.

Therefore, I'm glad that you do not collect gold coins.

>>

I am glad that this group of issues is someone else's problem.

BECOKA · February 8, 2008 8:13AM

<< 

<< 1. The lack of interest keeps prices down.
2. People assume that because it's gold that it's going to be exceedingly expensive.
3. The coins are backed by bullion.
4. Very scarce to rare issues are considerably less $$$ than their comparable copper, nickel or silver counterparts.
5. They are beautiful coins.
6. The numismatic value to bullion value is far lower than copper, nickel or silver coins... even at $900/oz.
7. It takes just as much skill and numismatic knowledge to find desirable gold as it does for copper, nickel or silver coins.

Therefore, I'm glad that you do not collect gold coins.

>>

I am glad that this group of issues is someone else's problem.

>>

Don't worry, you will be back.

I'm glad that you do not collect gold coins.

Comments

Leave a Comment