Gold Spouse coins

U.S. Gold Commemorative pictures and info

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jpeter
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Re: Gold Spouse coins

#11 Unread post by jpeter » Sat Jan 15, 2011 9:40 am

OK, now you both have me rethinking everything. I guess first of all the gold spouse coins would not be a good choice at all. You figure in time those will only be worth thier weight in gold then. Stick with just buying bullion gold. ? OK. Thanks for the input. This is a great site. I have looked at it many times. This is the first time asking anything. I appreciate the advice.
Jerry



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Daniel
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Re: Gold Spouse coins

#12 Unread post by Daniel » Sat Jan 15, 2011 11:04 am

jpeter wrote:OK, now you both have me rethinking everything. I guess first of all the gold spouse coins would not be a good choice at all. You figure in time those will only be worth thier weight in gold then. Stick with just buying bullion gold. ? OK. Thanks for the input. This is a great site. I have looked at it many times. This is the first time asking anything. I appreciate the advice.
Jerry
If gold continues to rise then the Spouce Coin would earn a return, but nothing like gold coins that you purchased at discounted values. You can visit coin shows and dealers, take a grey sheet and try to get the best deal on 3-5 coins. Most dealers will take something off a small lot of coins.

I am not saying not to buy Spouse Coins but a friend of mine was buying every US Mint release for years. Now he only buys something he really wants because the mint places their production and advertising premium on their releases.

He found it more profitable to buy "after market" mint products like old silver and gold coins. He get's the same weight in gold but pays less.

I hope this does help you but this is just my opinion based in a lot of years of experience, so take it for what it's worth.

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jpeter
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Re: Gold Spouce coins

#13 Unread post by jpeter » Sat Jan 15, 2011 6:50 pm

Do you think just buying gold bullion in 1/10, 1/4, 1/2 and or 1 oz. coins or bars straight from like APMEX is a good investment? You can watch the market daily and buy when you think you hit a low. But once again you only have gold boullion and nothing unique like a certain series coin? Nobody is really selling gold coins, whether boullion, bars, or US Mint Eagles (beat up or not)for anything less than the value of gold.

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Re: Gold Spouse coins

#14 Unread post by Daniel » Sat Jan 15, 2011 7:05 pm

jpeter wrote:Do you think just buying gold bullion in 1/10, 1/4, 1/2 and or 1 oz. coins or bars straight from like APMEX is a good investment? You can watch the market daily and buy when you think you hit a low. But once again you only have gold boullion and nothing unique like a certain series coin? Nobody is really selling gold coins, whether boullion, bars, or US Mint Eagles (beat up or not)for anything less than the value of gold.
I haven't looked at APEX lately but I would look for any company or dealer that offers gold as close to spot or their cost as possible. I have looked into silver and gold pools at KITCO but I didn't jump in. I would have tripled my money if I had jumped in :mad:

I am not telling you to jump into anything but experts are predicting gold to rise even more.

Anytime you can buy a gold coin for spot you're doing good because gold eagles can fetch above spot. I have sold a few gold coins last year and all of them sold a bit above spot.

I do want to add, and you might know this already, but we need to realize that US Gold coinage is only .900 gold but bullion is .999. I do think Gold Eagles are a good buy from the mint, but I always suggest buying the lower grade US Gold coins as well.

You're on the right track to developing your own strategy and we all have are own, right or wrong. I think the best advice is to be cautious and never buy any coin out of haste, hype or trying to bid someone out of the deal. I think you will do fine because you listen well and ask questions.

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