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Would you?? (Gold question)

cjmezzcjmezz Posts: 467
in U.S. Coin Forum
Would you currently trade 20oz of gold(buffalos,eagles,etc) for a $30-35,000 C,D, or CC, PCGS graded gold coin?
I know it would depend on date, mint, year, condition, etc, but givin the approx value, would you make this swap?
Please discuss, and add your opinion as to which you see as a better long term investment.
"When someone tells you nothing is impossible, ask them to dribble a football"

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    ambro51ambro51 Posts: 14,415 ✭✭✭✭✭
    IF and only IF that particular gold piece is the absolute finest known of its date/mm and always in demand.....yes. For one that's common. NO
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    jmski52jmski52 Posts: 23,972 ✭✭✭✭✭
    nope.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    JRoccoJRocco Posts: 14,277 ✭✭✭✭✭
    Basically will gold increase in value from this point ?
    Some coins are just plain "Interesting"
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    DaveGDaveG Posts: 3,535 ✭
    If you want the coin and are paying a fair price, what difference does it make how you pay for it?

    Check out the Southern Gold Society

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    TexasNationalsTexasNationals Posts: 3,837 ✭
    bullion is everywhere, IMO $35k C,D, or CC coins are not at every shop.
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    cjmezzcjmezz Posts: 467
    This is mainly just a hypothetical question. Im a bullion stacker and sometimes get on ebay and look at the older rarer minted coins. I have a decent enough stack that i could make this swap( but probably never would) and thought it would make a fun and interesting topic to discuss.
    "When someone tells you nothing is impossible, ask them to dribble a football"

    MANY positive BST Transactions
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    DNADaveDNADave Posts: 7,346 ✭✭✭✭✭
    IF I had bought the gold at say $400/oz. You bet.
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    RYKRYK Posts: 35,801 ✭✭✭✭✭
    It really depends on the rest of your collection, the rest of your assets (gold and otherwise), why you collect, and what level of liquidity that you will require of the new addition. The bullion coins are very liquid. From past experience, the expensive dated gold coin (unless it is one of a handful of dates--70-CC, 61-D, 54-D $3, etc.) is extremely illiquid. In the long run, it could be a wise purchase and a good investment, but if there is any chance that you would want or need your money out of the coin, you could be very disappointed.

    I have made variations on this transactions in both directions and would be very cautious of getting into the big dated gold coin unless I was fairly certain that I could and would hold it for a long time.

    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    ranshdowranshdow Posts: 1,447 ✭✭✭✭
    No.
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    derrybderryb Posts: 38,586 ✭✭✭✭✭
    no way. The coin has reached it's premium. The eagles and buffs have a long way to go. You'd be paying top dollar for the coin and the other party would be paying bottom dollar for your gold.

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

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    PerryHallPerryHall Posts: 47,588 ✭✭✭✭✭
    An expensive coin like this is not very liquid and would have to be sold in a major auction to get the highest price. Gold bullion is very liquid and would be far quicker and easier to sell. Also, bullion has a far narrower buy/sell spread. I'd stick with the gold bullion.

    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

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    mkman123mkman123 Posts: 6,849 ✭✭✭✭
    put it like this, which is easier to sell: 20 oz of gold or a 30+k coin? The bullion is easier to sell
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
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    rickoricko Posts: 98,724 ✭✭✭✭✭
    No... although a tempting proposition, I prefer the liquidity of the 20 ozs, especially at this time. Cheers, RickO
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    cjmezzcjmezz Posts: 467
    All good points, and i agree. I couldnt imagine opening a safe with a pile of gold, and then opening it to find 1 slabbed gold coin! I guess I asked the question because I love history, and nothing would be cooler than owing a piece of history many others dont, but from a long term outlook, i think the 20oz of gold has more potential
    "When someone tells you nothing is impossible, ask them to dribble a football"

    MANY positive BST Transactions
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    TheRavenTheRaven Posts: 4,170 ✭✭✭✭
    I don't think I would for 1 30 to 35k coin, but a number of say 5k coins I might do that.....

    Depends on what you think gold is going to do. if you think gold is near a top, the bullion is fall alot more then the rare date gold.
    Collection under construction: VG Barber Quarters & Halves
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    mkman123mkman123 Posts: 6,849 ✭✭✭✭
    Instead of a 30k coin you could try to get as many numismatic gold coins that are slabbed that are close to melt or slightly above.....you would still have precious metals and history right there.
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
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    astroratastrorat Posts: 9,221 ✭✭✭✭✭


    << <i>put it like this, which is easier to sell: 20 oz of gold or a 30+k coin? The bullion is easier to sell >>

    I agree.
    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
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    morgandollar1878morgandollar1878 Posts: 4,006 ✭✭✭✭✭
    I don't think that I would do it. It would be like putting all your eggs in one basket.


    Once a Bearcat, always a Bearcat.image
    Instagram: nomad_numismatics
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    DorkGirlDorkGirl Posts: 9,994 ✭✭✭
    No, I'd keep the bullion.
    Becky

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