Bought my first Gold
 

Just a little 1/10th ounce coin but hey, you gotta start somewhere.:23_30_104:

Re: Bought my first Gold
 

:23_28_100s::ok:

Re: Bought my first Gold
 

Tip ya hat to the side Player

Welcome to "Da Club"

:565::565::565::565::565:

Re: Bought my first Gold
 

Congrats! Welcome to the addiction! :23_30_104:

Re: Bought my first Gold
 

Congrats. :bear_thumb:

Every journey begins with that first step. That 1/10 th oz gold coin is that first step in the gold bug's journey of building a physical gold stash that will outlast any fiat currency.

EDIT (1-30-2010): I forgot to mention: I used to have a 1/10 oz GAE coin (I think it was a 1999 common date) that I bought over a year and a half ago in 2008, but I sold it at a coin show and bought '70's SABs with the proceeds.

Re: Bought my first Gold
 

It was the same way with me, bought a 1/0th ozt gold eagle off of HSN for $61 late one night back in the early 90's. Sold it earlier this year along with 10 others for $111 each because I was strapped for FRNs. Have since then acquired many more and a quite a few other types of Au. Welcome to the real world. :9536: You're hooked now.

Re: Bought my first Gold
 

Congrats. This is a fever thats good for you.

My first came as a gift from my grandparents. A 20.00 coin from the small stash they squirreled away in 1933. The key is to not lose them in a boating accident or sell them for a loss at the next drop. Can't ever seem to get around that side of it..

Re: Bought my first Gold
 

I / We love hearing this from people, That's Great! You also got in after a 200$ correction, so nice timing.

Don't be upset if AU sinks another hundred, that will only deduct about five bucks from the Coin. Maybe not though they could just raise the spread!

Likewise, when we hit 1500 you can think of what a nice little coin that is.
No Board of directors, No taxes on gains. No etc...:applause_

Scoop up a PAMP Suisse 5 Gram, You will not be disappointed!

Good for you! Now your almost an addict.

Oh, and welcome to GiM!
This is a great place, but just incase, Have some salt ready you might need a grain here and there! (everyone does)!!!

Best to you,
AGRO-

Quote:

Originally Posted by JFN111 (Post 2153471) Just a little 1/10th ounce coin but hey, you gotta start somewhere.:23_30_104:

Re: Bought my first Gold
 

It all started innocently enough with a couple of 5 gram sunshine mint bars, now....:36_3_16: :36_1_32v: :adore:
Attachment 86463
Welcome, you are among friends here!:23_28_100s:

Re: Bought my first Gold
 

Prepare to have the only addiction that is not self destructive.

What did you get? My last 1/10th Krug. Now I *have* to find a 1/4th to have one of each.

GAE's are good though. And Pandas! I can slide factional Pandas past the acco... er, ah, wife easily based on the cute factor. :bull-smile:

Re: Bought my first Gold
 

You cannot have too many Krugerrands, it's just one of those things that is not possible.:no_ma:

Re: Bought my first Gold
 

Oh I swore up and down that when/if they ever went over $500 that was it, I wouldn't pay that for one lousy coin.

And I haven't, sort of... I *trade* silver and fractional gold for one lousy coin! I get things other than Kuggers, the girls love Pandas and anything Aussie. I see pre-1933 as having additional historic value. But the Kruggers are "Daddy's" coins.

Re: Bought my first Gold
 

Congratulations JFN111.:clap2:

Re: Bought my first Gold
 

I love the Eagles, Maples, and 'Roos to look at.
I buy Krugerrands. The reasons have been mentioned, but I like the Old School factor too.
These things are kinda plain and maybe a lil ugly to some.
Dark and hard and awesome. It's a man's coin. ~Chucktatorship

Re: Bought my first Gold
 

Originally Posted by Irons View Post
[B]I love the Eagles, Maples, and 'Roos to look at.
I buy Krugerrands. The reasons have been mentioned, but I like the Old School factor too.
These things are kinda plain and maybe a lil ugly to some.
Dark and hard and awesome. It's a man's coin. ~Chucktatorship

PK looks as though he should be puffing on a stogy. Now that would be a real "Mans Coin", in my opinion. Just got my first 1980 1/10 ozt a few weeks ago.

Re: Bought my first Gold
 

Thanks All,
Been reading and studying on this board for quite awhile and I couldn't have hoped for more friendly and helpful people.
Thanks again.

Re: Bought my first Gold
 

Congrats... Been pondering on getting into Gold myself...

Pics???

Details?

What year,
Where you score it from?
How much?
Condition???

I've been socking a few bucks away in my Bullion dorect accout for a bit, I'm finally thinking about pulling the trigger on a few 1/10...

I had posted about this before, but got distracted by some pretty big expenses that cropped up...

Now, I'm close to getting back on track..

I just hate that it seems like there is such a premium on the smaller sized A.Es...

Re: Bought my first Gold
 

FRN111 congrats but be careful, gold porn is very addictive :)

Re: Bought my first Gold
 

Every avalanche starts with a single snowflake.

Re: Bought my first Gold
 

Way to go JFN111 ! How about some details and pics?

Foghorn

Re: Bought my first Gold
 

I have no flippin' idea what you are talking about. :bear_wub:

Attachment 86727

Re: Bought my first Gold
 

Just took a look at BD's Nucleo , the first one is 22kt, the second on is 24kt, those two look good, the third one isn't bad if, you need Comex certified. If I were looking for a non-descriptive 24kt coin/bar/round at this time I'd buy #2.
GCB900+ Bullion - Gold .900+Pure (1.000 oz.) $1,080.00 $1,100.00
GCB999 Bullion - Gold [999+ pure] Coins/Bars/Rounds (1.000 oz.) $1,080.00 $1,110.00
GCBB:0100:CMX Bullion Gold Bar .999+ Pure - CMX (Sealed) (1.000 oz.) $1,100.00 $1,120.00

Prices are going down right now that's good for you. I'd look at some historical charts, consider the elections in April and put in some bids on Nucleo. But, don't forget to compare with catalog prices. I'd start out with Canadians Phils or Pandas. Those are 24kt gold. You mention fractional coins, yep they are pricier but do add up.

Re: Bought my first Gold
 

Yup, hooked is the right word. So far I've picked up 3 Gold coins.
1/10th Krug
20 Franc Gold Coin
Austrian one Dugat

I have been able to get all these close to spot by being patient on e-bay.
What I'm wondering is if I'm heading in the wrong direction by buying foreign coins?
It seems like I can get the foreign coins much closer to spot then buying Eagles but if I ever have to sell / barter with them maybe better known coins would be the preference?
Any suggestions?
Thanks

Re: Bought my first Gold
 

I'd say it depends on who you sell too... I fair dealer thats in the know will recognise it...

Someone one on the street may no or may not be willing to risk as much taking a chance...

Re: Bought my first Gold
 

Simple. Don't sell to someone who doesn't know what it is.

When selling, it's not your job to educate the buyer. Your job is to get the best price for the item. If you spend time teaching someone what a good buy they're getting you could miss the guy that has been jonesing for the 1976 1/10th Krug who would have gladly paid 30% over spot for it.

Pimples, ducat=.1106ozt, 20f=.1867ozt, 1/10th=.1ozt

Ahh, ducats, doubloons, pieces of eight. A pirates life for me... :s1:

Re: Bought my first Gold
 

I'd buy that Ducat from you.

Some people might like shiny, new, untouched gold. Myself, I like old coins. I like thinking about some dapper guy buying a suit back in 1930 with it or storing it away for the future. Or some peasant finding it on the street. Maybe it was fodder for someone getting shot at the cantina fighting over a gambling dispute. Whatever, use your imagination.

My market busting collection is as follows:

1/10 Kruggerand, my first. I still like that it was 'outlawed' in the US at one time.
10 gram suisse pamp: Untouchable assay bubble pack. Don't like untouchable.
10 peso (1959) Yes, I touch.
20 peso (1959) Ditto
1/4 kangaroo (although new, it is truly a beautiful coin).

Coming in the mail
1915 Corona
1915 Ducat (restrike)
1/4 Eagle Indian (what I've wanted for a long time, can't wait).

I know the modern stuff is more refined but I like that old European stuff. Bad asp dudes on the obverse.

Re: Bought my first Gold
 

I like your collection. It will take me awhile to catch up. :23_28_100s:

Re: Bought my first Gold
 

You're easily impressed.

Thats less than 2 ounces.

I really can't see buying 1 oz coins right now. I guess on my budget I'd like to get as much variety as I can. One of each , thats the thing.

Re: Bought my first Gold
 

My favorite for ducats:
You know those chains with little discs on them that gypsy brides sometimes wore around their waists, (and sometimes more), during the wedding? Those little discs were ducats and the chain was her dowry. Also note the jewelry on a belly dancer.

All `15's are restrikes but at 23 1/2 karat who cares? They were the purest coin I had for quite some time and I *think* they are the purest coin in general circulation ever.

Re: Bought my first Gold
 

Guilty as charged. :ARMS1: I can't help it, I'm a bullion guy not a coin collector. One of my good friends of many years is a strictly coin guy so the conversation gets lively after a few Crown Royals, but it's all good.:ok:

Re: Bought my first Gold
 

Gold and booze. Mmm, mmm, mmm. Someones going to end up dead on the floor and someone else will end up with a heck of a story.

On the subject of 1915 Ducat restrikes. So what's the story? Can someone explain to me exactly what this is? When, why, who does the restriking. I did Google this and cannot seem to find any pertinent information.

Re: Bought my first Gold
 

Oh, and just a word of warning. Gold isn't the benign dictator they say it is. Its a ruthless destroyer of men.

Some get a hold of it and throw it around on fast women, expensive booze and frivolous toys. Others? They waste it.

So what will come of it? You will never, ever part with any of it no matter the profit. Eventually you'll become a crazy old man and hide your gold in coves around the grounds and be highly suspicious of everyone even though they don't have a clue or care whatsoever. Then you'll die. It'll be parted among your heirs, long haired 20 something grandkids who have no appreciation whatsoever, so yeah, wine, woman and song.

It's the same pattern throughout history. Its the same with boats.

Re: Bought my first Gold
 

http://http://www.goldline.com/coins...n-1-ducat.html

Re: Bought my first Gold
 

Ducats, (Duck-at), were a trade coin with no numismatic value. They are .1107 ozt 23 1/2 karat coins made by many different countries. They were issued in many denominations from as small as 1/16 ducat to 50 ducats. Most common is the 1915 Austrian restrike as hundreds of thousands, if not millions, of them have been made. They are made in Austria and available in single and 4 ducat sizes.

Re: Bought my first Gold
 

Well ain't you a bundle of joy!:ARMS1::111:

Re: Bought my first Gold
 

Probably a lot of truth in that.
I've been getting crazier ever since I joined this Forum.
:5_1_120:

Re: Bought my first Gold
 

Ahh, this thread stinks. JFN buys gold coins, lets us know and then does NOT show them off!!!

I need my coin fix, DAMNIT! JFN, post pics, please.

The Great Ag