Page 1 of 2 | 1 | 2 | >
Show 30 post(s) from this thread on one page

Gold & Silver Forum (http://goldismoney.info/forums/index.php)
- Gold - Silver - Coins - Numismatics (http://goldismoney.info/forums/forumdisplay.php?f=51)
- - Do you only buy one type of Gold Coin? (http://goldismoney.info/forums/showthread.php?t=434787)

Legionfigu | 12-24-2009 02:20 PM
Do you only buy one type of Gold Coin? Do you only buy one type of Gold Coin or Bar? I'm not sure if I should just stay with the same type. Right now I buy different.

Irons | 12-24-2009 02:21 PM
Re: Do you only buy one type of Gold Coin? Nope, many kinds of bars too.

yunowu | 12-24-2009 02:23 PM
Re: Do you only buy one type of Gold Coin? Diversification is the key strategy to successful investment !!

obilly | 12-24-2009 02:33 PM
Re: Do you only buy one type of Gold Coin? only 1oz ML's,,,,dont know why,,,,

GoldenE | 12-24-2009 03:28 PM
Re: Do you only buy one type of Gold Coin? No....variety is the spice of life!:RockOn:

silverblood | 12-24-2009 04:02 PM
Re: Do you only buy one type of Gold Coin? There are some forms of gold and silver that I don't buy, even though they are cheaper, mainly because they don't appeal to me. For instance, I don't buy gold or silver shot simply because I don't like that form. I don't buy any coins or bars that are enameled or colored. I don't buy commemorative medallions. I don't buy generic items where you might get random bars or rounds. I generally decide first whether I want coin, round, or bar. Once I've made that decision, then I shop based on price, sometimes with other considerations tossed in. I usually go for the lowest priced item in the category and metal I've chosen. I prefer newly produced items to older stock when I'm buying silver bars larger than 10 oz, mainly to avoid the possibility of getting an old "drilled and filled" bar. At my level of purchasing, that's really not an issue for gold. If the price is low and I'm flush, I may buy something just because I want it, premium be damned. But that is the exception, not the rule.

WilliamC | 12-24-2009 04:36 PM
Re: Do you only buy one type of Gold Coin? I have so few it doesn't make sense to buy anything other than krugs for me. If ever I get more than a handfull then maybe I'll think to diversify...

Buyingsilvers | 12-24-2009 04:47 PM
Re: Do you only buy one type of Gold Coin? I try to. I'm more of a stacker than a collector, although I do like the different types of coins/bars

Gordon Gekko | 12-24-2009 04:49 PM
Re: Do you only buy one type of Gold Coin? Nope, I'm an equal opportunity stacker.

Light | 12-24-2009 05:34 PM
Re: Do you only buy one type of Gold Coin? Variety is the spice of life. Just don't buy gold pandas.

301ouncer | 12-24-2009 05:53 PM
Re: Do you only buy one type of Gold Coin? Quote:
Originally Posted by Light (Post 2092967) Variety is the spice of life. Just don't buy gold pandas.
Whats wrong with pandas? as long as they are authentic. Had 20 pandas various years before the boating accident. They were bought from a reputable dealer and had china gov serial numbering in the plastic pounches that they came in. Miss them. __________________________________________________ _______ Islam is the Truth. 100% Guaranteed All Else is Pure Noise and Spin

coopersmith | 12-24-2009 06:09 PM
Re: Do you only buy one type of Gold Coin? I almost always buy 1 oz krugerrands. They are my favorite coin.

jellydonut | 12-24-2009 06:27 PM
Re: Do you only buy one type of Gold Coin? I wish I could be picky. I buy whatever shows up in my sights when I can afford to. Which means the stack is a bit of an All Sorts with commemoratives and belgian halfway bullion in between the recognizable bullion coins.. I've got quite a few Pandas by now, beautiful coins. Might sell them before I move to the U.S. though going by the opinions expressed on them here..

JayDubya | 12-24-2009 06:29 PM
Re: Do you only buy one type of Gold Coin? All of the gold I own, I bought years ago, before I knew anything about PMs. (Not that I know all that much now - I still learn something new almost every day, and this forum is a GREAT place to learn.) But all of it is pre 1933 gold coins, some graded, some not. So for not knowing exactly what I was doing, I now know that I made a pretty good choice. If I were going to buy gold today I would not say that anything is 100% absolutely, without a doubt, out of the question. But as has already been mentioned here, you need to do your due diligence. Pandas are fine if they are indeed pandas, there's a lot of "wannabe" pandas floating around out there, especially on that auction site we all know. Nowadays, I am way more heavy into silver than gold simply because of the affordability factor and because I believe that silver has way more upside than gold.

j-son | 12-24-2009 06:31 PM
Re: Do you only buy one type of Gold Coin? i only like to keep 1 oz gold for myself...eagles, lunars, buffalos, krands, maples, libertads, philharmonics, and bars.....i think a variety is a good thing and i like to keep coins under the reporting radar. i try to stay away from pandas and 100 gram gold bars (dealers often pay under spot for them)

MISRy | 12-24-2009 06:46 PM
Re: Do you only buy one type of Gold Coin? Gold is gold. Anything from a teeny little 14k token to a nice bar you don't have to report if you do a bank transfer. I just wish it didn't sink so fast.

clarkth | 12-24-2009 07:35 PM
Re: Do you only buy one type of Gold Coin? Quote:
Originally Posted by j-son (Post 2093028) i only like to keep 1 oz gold for myself...eagles, lunars, buffalos, krands, maples, libertads, philharmonics, and bars.....i think a variety is a good thing and i like to keep coins under the reporting radar. i try to stay away from pandas and 100 gram gold bars (dealers often pay under spot for them)
I'm with J-son, however I'll add that I like the Mexican 50 Peso also since I have a Fisch tester for it.

j-son | 12-24-2009 07:38 PM
Re: Do you only buy one type of Gold Coin? The Mexican 50 coins are nice as shown in my avatar. I haven't come across a fake one yet and most are dated 1947. The other years usually sell for a bit more.

Storm Chaser | 12-25-2009 02:20 AM
Re: Do you only buy one type of Gold Coin? I have too many fingers in too many pies....I love it! the shapes, the sizes, I am the kinda man who can't be tied down to just ONE type of PM. :emotions16:

Boom | 12-25-2009 03:37 AM
Re: Do you only buy one type of Gold Coin? I buy anything available when the price is right.

latemetal | 12-25-2009 06:49 AM
Re: Do you only buy one type of Gold Coin? I stay away from really oddball coins, but I'll weight price vs. recognition factors when I buy. I got bars, european coins, south american, mexican coins, and bullion coins. Nothing bigger than the 50 peso coin as I may have to cash in one day.:shine:

Irons | 12-25-2009 12:40 PM
Re: Do you only buy one type of Gold Coin? Quote:
Originally Posted by 301ouncer (Post 2092991) Whats wrong with pandas? as long as they are authentic. Had 20 pandas various years before the boating accident. They were bought from a reputable dealer and had china gov serial numbering in the plastic pounches that they came in. Miss them. __________________________________________________ _______ Islam is the Truth. 100% Guaranteed All Else is Pure Noise and Spin
They can be difficult to sell in some areas because people don't trust them, and with good reason. To most folks, chinese = FAKE, and I'm not going to go around with pictures of known fakes to compare to coins I see for sale. Not worth the trouble.:signs14:

charlie2281 | 12-25-2009 01:03 PM
Re: Do you only buy one type of Gold Coin? I buy all types and sizes of Gold coins. I feel that should TSHTF I would be able to use quicker.:ok:

obilly | 12-25-2009 02:12 PM
Re: Do you only buy one type of Gold Coin? good thread,,,,thanks

illuminate10 | 12-25-2009 02:16 PM
Re: Do you only buy one type of Gold Coin? For the most part I do. Since the GAE's are my hometown coin, I stick to them for the most part, but won't turn down an "opportunity" on another coin/round/bar if it presents itself. GAE's being in many different weights/sizes, non-reportable (being in the U.S.), one of the most if not thee most popular/trusted coin, and from my home country being "legal tender".......how could I go wrong? :36_3_13: (I'm a sucker for love) :wink:

Ag_man | 12-25-2009 03:25 PM
Re: Do you only buy one type of Gold Coin? I do like variety and am especially fond of British Sovs. They used to be a good buy in the past, low premiums. Not true today. My current favorite is the gold Phil.

Traderbock | 12-26-2009 08:36 AM
Re: Do you only buy one type of Gold Coin? Quote:
Originally Posted by Ag_man (Post 2093823) I do like variety and am especially fond of British Sovs. They used to be a good buy in the past, low premiums. Not true today. My current favorite is the gold Phil.
Yeah, what happened with that? I have been primed to buy some gold for a while and went to look at the sovereigns and all of a sudden they went from a low premium buy to a high one. I don't think there was even a transition time period. Who decides this and how did it happen? I bought peso's instead.

livtocruz | 12-26-2009 03:01 PM
Re: Do you only buy one type of Gold Coin? 1 Attachment(s) Quote:
Originally Posted by Ag_man (Post 2093823) I do like variety and am especially fond of British Sovs. They used to be a good buy in the past, low premiums. Not true today. My current favorite is the gold Phil.
Have to agree with Ag, love the Sovereigns and will still buy more. But, those Maples have taken over the shotgun seat. As you can see though, all gold coins are fair game. Damn, left out a Roo.

Ag_man | 12-26-2009 03:02 PM
Re: Do you only buy one type of Gold Coin? Quote:
Originally Posted by Traderbock (Post 2094523) Yeah, what happened with that? I have been primed to buy some gold for a while and went to look at the sovereigns and all of a sudden they went from a low premium buy to a high one. I don't think there was even a transition time period. Who decides this and how did it happen? I bought peso's instead.
Dunno for sure. Maybe the dealers consider Sovs as numi material these days, instead of bullion coins? I haven't bought one in a couple years, the premium is way too high for me

livtocruz | 12-26-2009 03:07 PM
Re: Do you only buy one type of Gold Coin? Quote:
Originally Posted by Traderbock (Post 2094523) Yeah, what happened with that? I have been primed to buy some gold for a while and went to look at the sovereigns and all of a sudden they went from a low premium buy to a high one. I don't think there was even a transition time period. Who decides this and how did it happen? I bought peso's instead.
Trader, I too have been giving the Pesos a closer look too. Own a 5 and 10 while looking for more. Their premiums aren't like Sovereigns, yet.

All times are GMT -4. The time now is 03:48 PM. |
Page 1 of 2 | 1 | 2 | >
Show 30 post(s) from this thread on one page

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Copyright = None use it and Link to GIM

Gold & Silver Forum - Do you only buy one type of Gold Coin?

Page 2 of 2 | < | 1 | 2
Show 30 post(s) from this thread on one page

Gold & Silver Forum (http://goldismoney.info/forums/index.php)
- Gold - Silver - Coins - Numismatics (http://goldismoney.info/forums/forumdisplay.php?f=51)
- - Do you only buy one type of Gold Coin? (http://goldismoney.info/forums/showthread.php?t=434787)

digger2 | 12-28-2009 04:57 PM
Re: Do you only buy one type of Gold Coin? Government action is unpredictable. Diversification helps to a certain degree.

AGRO | 01-02-2010 07:08 PM
Re: Do you only buy one type of Gold Coin? I buy brands that I like and that are good on resale. Mostly bars. Helps to have Dupes so that you don't mind selling... If you have one of each type sometimes emotions get in the way of sale and we can't have that, now can we.

moreair | 01-02-2010 07:20 PM
Re: Do you only buy one type of Gold Coin? Quote:
Originally Posted by pimples (Post 2105553) Gold eagles are the best choice for folks here in the states....non-reportable if sold in quanities of 25 oz or less is sooooo excellent and unbeatable. bars and other coins will cost you headaches and alot of taxes
Please speak more of this.

j-son | 01-02-2010 07:26 PM
Re: Do you only buy one type of Gold Coin? There are rules which apply only to bullion and only when you sell. They have nothing to do with your purchases, and do not apply to rare coins. Kilo bars are 32.15 troy ounces of gold and are subject to reporting. We are also required to report any gold bar sale totalling 32.15 ounces are more. Concerning 1 troy oz. gold coin transactions: If you sell 25 coins or more of the Krugerrand, Maple Leaf or Mexican Gold Onza we are required to report them on I.R.S. Form 1099B. Such reporting is not required on transactions involving the U.S. Gold Eagle the Australian Kangaroo or the Austrian Philharmonic. There is also no reporting on any small gold bullion coins. http://www.golddealer.com/selected_facts.html

BullRider | 01-02-2010 07:58 PM
Re: Do you only buy one type of Gold Coin? What about items such as pre-33 gold and sovereigns? In any case if you worry about reporting for kilo gold transactions, that sounds like a pleasant problem :)

BullRider | 01-02-2010 08:09 PM
Re: Do you only buy one type of Gold Coin? Quote:
Originally Posted by AGRO (Post 2105532) I buy brands that I like and that are good on resale. Mostly bars. Helps to have Dupes so that you don't mind selling... If you have one of each type sometimes emotions get in the way of sale and we can't have that, now can we.
Any spare 1933 $10 Indians maybe?

j-son | 01-02-2010 08:16 PM
Re: Do you only buy one type of Gold Coin? Quote:
Originally Posted by BullRider (Post 2105625) Any spare 1933 $10 Indians maybe?
those ity bity things are like $700 each!

illuminate10 | 01-02-2010 08:24 PM
Re: Do you only buy one type of Gold Coin? Quote:
Originally Posted by pimples (Post 2105553) Gold eagles are the best choice for folks here in the states....non-reportable if sold in quanities of 25 oz or less is sooooo excellent and unbeatable. bars and other coins will cost you headaches and alot of taxes
EXACTLY WHY I STICK WITH EAGLES!!! Especially here in the states. Quote:
Reportable sales (again, customer sales to dealers) apply to 1-oz Gold Maple Leafs, 1-oz Krugerrands, and 1-oz Mexican Onzas in quantities of twenty-five or more in one transaction. Reporting requirements do not apply to American Gold Eagles, no matter the quantities. Furthermore, reporting requirements do not apply to any fractional ounce gold coins. Only one common silver product is reportable when sold: pre-1965 U.S. coins. The quantity that causes the filing of a 1099B, however, is not clear. The IRS bases its authority to require reporting on CFTC-approved contracts that call for the delivery of $10,000 face value. Consequently, many dealers do not report sales of pre-1965 U.S. coins unless the sale totals $10,000 face value; others report $1,000 sales. Sales of American Silver Eagles, privately-minted Silver Eagle 1-oz silver rounds, and 100-oz silver bars are not reportable, no matter the quantity. Other precious metals products are reportable, but they are not covered here because the average investor does not trade them.
http://www.cmi-gold-silver.com/gold-...tion-1933.html

AGRO | 01-02-2010 08:34 PM
Re: Do you only buy one type of Gold Coin? I prefer GOLD Bars, they carry less premium, Swiss Gold in Particular PAMP or CS, is World renowned, Non- Partial - Or Partial to a Neutral GVMT and you just GET MORE GOLD for your Dollar... To each is own. LOL, Nope Happy New Year Mate! Maybe some Indian Heads! Quote:
Originally Posted by BullRider (Post 2105625) Any spare 1933 $10 Indians maybe?

BullRider | 01-02-2010 08:35 PM
Re: Do you only buy one type of Gold Coin? Be careful of gold addiction. You might be stuck with just one kind, Bars, Krugerrand, Eagles, Maples, name your poison. Krugerrand are ok though...

BullRider | 01-02-2010 09:02 PM
Re: Do you only buy one type of Gold Coin? Quote:
Originally Posted by AGRO (Post 2105659) I prefer GOLD Bars, they carry less premium, Swiss Gold in Particular PAMP or CS, is World renowned, Non- Partial - Or Partial to a Neutral GVMT and you just GET MORE GOLD for your Dollar... To each is own. LOL, Nope Happy New Year Mate! Maybe some Indian Heads!
Indians are very addictive imo Go Indians :applause_ But in the spirit of the thread, well known liquid items is the way to go. Government minted coins, renowned named bars.

All times are GMT -4. The time now is 03:48 PM. |
Page 2 of 2 | < | 1 | 2
Show 30 post(s) from this thread on one page

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Copyright = None use it and Link to GIM