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- - which type of gold coins are the better investment (http://goldismoney.info/forums/showthread.php?t=34004)

gopher29 | 04-15-2006 09:03 PM
which type of gold coins are the better investment It looks like buyers get more gold for their money investing in American Eagle bullion, South African Krugerands, etc. than they get with U.S. gold coins. So, as a newbie, my question is which is the better investment in terms of projected return? Thanks. :wazzup_sg

Ardent Listener | 04-15-2006 09:25 PM
Re: which type of gold coins are the better investment Quote:
Originally Posted by gopher29 It looks like buyers get more gold for their money investing in American Eagle bullion, South African Krugerands, etc. than they get with U.S. gold coins. So, as a newbie, my question is which is the better investment in terms of projected return? Thanks. :wazzup_sg
I understand that investment grade numismatic gold coins have out performed bullion gold coins in recent years. But I don't think that holds true during recent months. I hope this is of some help.

goldminer | 04-15-2006 10:16 PM
Re: which type of gold coins are the better investment If you want to get gold for gold's sake, stay as far away as you can from ANY gold coin that has numismatic value. PERIOD! There are tens and tens and tens of millions of old U.S. gold coins out there...European banks are full of them. None were melted between the 1933 turn-in and 1974 when the U.S. government stopped giving them out to foreign banks in trade for the old gold certificates. Don't listen to dealers stories about them not being confiscatable, etc. It's all bull. Dealers push them because dealers make far more profit selling an old U.S. gold coin then they do bullion coins....again PERIOD. 1 oz. Krugerrands trade at lower premiums then Eagles or Maple Leafs because there are comparatively sooooooooo many of them out there. Diversify............Rands, Eagles, and Maple Leafs if you want some .9999 gold.

Au_Ag | 04-15-2006 10:40 PM
Re: which type of gold coins are the better investment Quote:
Originally Posted by Ardent Listener I understand that investment grade numismatic gold coins have out performed bullion gold coins in recent years.....
Most GIM posters will disagree and steer you towards bullion as being a better choice. Several have made comments to the effect of being ripped off in such deals. Quote:
Originally Posted by goldminer stay as far away as you can from ANY gold coin that has numismatic value. PERIOD! There are tens and tens and tens of millions of old U.S. gold coins out there...European banks are full of them..... Don't listen to dealers stories about them not being confiscatable, etc. It's all bull. Dealers push them because dealers make far more profit selling an old U.S. gold coin then they do bullion coins....again PERIOD.
Agree with Goldminer on this. since you're in the US, I suggest you may wish to consider Gold Eagles as a primary choice. I have heard of counterfeits of K-rands. Can't remember hearing of Counterfeit Gold Eagles - but wouldn't surprise me if there had been. But really, any of the common bullion coins are fine. Just get what you like and will enjoy - Like Goldminer said - get some different ones - Check them with a scale and calipers for correct weight and size if you don't buy from a dealer.

Jacx | 04-19-2006 02:37 PM
Re: which type of gold coins are the better investment I was looking for simular info 8 years ago - Re: numismatic or bullion investment. As the result of "trusting" a reputable coin dealer I chose numismatic. At this time (8 years later), I am getting close to my original investment but as a Canadian, my dollar seems to have cost me another 30 % . I guess you know what my choice would have been if I could do it all over again. I am just wonder at what time I should get out of numismatic ? I was thinking when gold reaches $1000, I may break even. Btw , gold bullion was $289 when I chose numismatic.

Tn...Andy | 04-19-2006 03:27 PM
Re: which type of gold coins are the better investment Quote:
Originally Posted by Jacx I was looking for simular info 8 years ago - Re: numismatic or bullion investment. As the result of "trusting" a reputable coin dealer I chose numismatic. At this time (8 years later), I am getting close to my original investment but as a Canadian, my dollar seems to have cost me another 30 % . I guess you know what my choice would have been if I could do it all over again. I am just wonder at what time I should get out of numismatic ? I was thinking when gold reaches $1000, I may break even. Btw , gold bullion was $289 when I chose numismatic.
Yours is a common story, though the "screwee's" don't usually come forward to tell it. I got burned many years ago buying Morgan silver dollars instead of silver bullion when I first started.....same bullshit from a coin dealer. Live and learn. There is a place for numismatics IF you really know the market, or if you just flat like the piece. I have a Spanish slilver "piece of eight" off a recovered galleon that silver will have to go to about 500/oz to ever 'break even' bullionwise......but I liked the coin and knew going in I'd probably never sell it.....but I wouldn't make it a habit of buying them....ahahahahahaa Bullion coin is the best way to go IMHO.

WAoG | 04-19-2006 11:14 PM
Re: which type of gold coins are the better investment I believe the last big run up in PMs you would have done lots and lots better if you knew what you were doing with high priced numismatics. But you have to know what you are doing. If I had lots of money I would buy some. I may yet even with out a lot of money. I at this time I'm in a keep it stupid simple mode. Bullion bullion bullion.

Ardent Listener | 04-20-2006 12:46 AM
Re: which type of gold coins are the better investment Quote:
Originally Posted by <SLV> Coin dealers LOVE numismatic sales. They are priced completely subjectively. You are paying for something that can only be quanitified (slightly) by "professional" grading. Get bullion. Then you pay for what you get, and you can show (on a scale) what you actually paid for.
That's true, go back to the same coin dealer with the same coin that you haven't touched and he will often tell you it's not the same grade that he sold it to you as.

Jacx | 04-20-2006 02:04 AM
Re: which type of gold coins are the better investment Quote:
Originally Posted by WAoG I believe the last big run up in PMs you would have done lots and lots better if you knew what you were doing with high priced numismatics. But you have to know what you are doing. If I had lots of money I would buy some. I may yet even with out a lot of money. I at this time I'm in a keep it stupid simple mode. Bullion bullion bullion.
I was dealing with a CEO and his senior broker. It is all about trust. For me ..... yet another "learning experience". This same CEO's opinion is to hang on. One thing I am learning through all this is to be patient. That is "hard earned stuff". <s>

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