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Coins vs Bullion

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Trueshooter View Drop Down
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    Posted: 07 Sep 2012 at 3:10am
Just a perspective on buying gold. For me it's never been about simply buying bullion, (although as a product of my collecting I have somehow found myself with a fair amount of it). For me it was about continuing in my grandfather's footsteps and tutelage. He wrote some 10 or so books on the subject and was a numismatist in the true sense. He studied every aspect of their history and was a sought after expert in his time, (1895-1982). And although I've never attained his expertise or notoriety, I can offer some insight and perspective from 60 years of collecting.

"GOLD is for the mistress, silver for the maid, copper for the craftsman cunning at his trade! But iron, cold iron, is master of them all."

While this is certainly one perspective, as expressed in Rudyard Kipling's poem Cold Iron, today's society demands a different truth. Gold is master of them all. And for me it has been U.S. coined gold. I focused on one area of collecting, Five dollar gold coins, or Half Eagles. I began with the more recent Indian Head series and worked my way back through the Liberty and Classic Head series, Capped Head and Bust series, and finally the Turbins. In the days before the the birth of the Internet I scoured trade shows, coin clubs and ran ads in the newspaper. I didn't drink to excess, gamble or run around, so my wife loves and supports my enthusiasm for collecting. She always knows where to find me, and occasionally brings hot chocolate or coffee to my desk in the evenings while I sit examining my latest find.

We purchased our first computer back in 1999, and I immediately discovered Online auction sites springing up everywhere. Of course many have since gone by the wayside, but many continue to flourish the most notable of course being eBay. And what a playground for collectors. No longer is hunting down a coin the art it once was, instead everything is presented at your table like a feast. You're only limited by your pocketbook. All one needs do is choose the object desired and with the press of a key it's acquired. And the deals are ever present. The items actual worth is whatever the market is willing to pay. Therefore your purchase is always the current market value, not inflated dealer or coin shop prices.

But what is my point to all this? It's simple. If you buy bullion, your market is bullion buyers. But if you buy vintage coins, your market brings the extra interest of numismatists. And for whatever reason, the deals are everywhere. So my advice is to cultivate an interest in numismatics as well as bullion and you'll enjoy a hobby shared by millions worldwide, as well as investing in the solid commodity of gold.
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goldonline View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote goldonline Quote  Post ReplyReply Direct Link To This Post Posted: 18 Jan 2013 at 11:34pm
Consult with a reputable financial advisor you trust who has specialized investment knowledge. You may want to talk to other investors, too.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Trueshooter Quote  Post ReplyReply Direct Link To This Post Posted: 19 Jan 2013 at 2:19am
Absolutely correct. An overview of many opinions can give you a more realistic and practical perspective.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote itmtrading Quote  Post ReplyReply Direct Link To This Post Posted: 03 Feb 2013 at 9:33pm
The world bullion has a very simple definition, it is simple a refined and stamped weight of precious metal. Our tradition view of gold bullion is the large gold "bricks" that we imagine are stored in fort knox.
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