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Considering an investment in coins?

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itmtrading View Drop Down
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    Posted: 16 Jan 2013 at 2:21am
 A professional gold firm can go a long way in helping the investor shortcut the learning curve. A good gold firm can help you avoid some the problems and pitfalls encountered along the way, and provide some direction. It can help you in the beginning and through the course of your gold ownership both in making additions to your portfolio and liquidations.

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SouthCapeCoins View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SouthCapeCoins Quote  Post ReplyReply Direct Link To This Post Posted: 20 Sep 2012 at 7:56am
Buying gold coins can be a fantastic investment. If you look at what the gold price is doing - there has been a bull market in gold for the last couple of years and it looks set to continue. There's never been a better time to buy gold. I would recommend buying gold bullion like the Krugerrand or better yet, buying rare gold coins which carry extra value. South African rare coins in particular are a good investment because of their relative rarity. A rare coin dealer like South Cape Coins can advise you on where to spend your money. Visit our website:  http://www.southcapecoins.co.za/
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Post Options Post Options   Thanks (0) Thanks(0)   Quote dorkkarl Quote  Post ReplyReply Direct Link To This Post Posted: 18 Feb 2012 at 3:47pm
really good op

K S
"When you have two competing theories which make exactly the same prediction, the one that is simpler is more likely the correct one" - Occam's (or Ockham's) Razor (named for William of Ockham)
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Post Options Post Options   Thanks (0) Thanks(0)   Quote numisJohn Quote  Post ReplyReply Direct Link To This Post Posted: 01 Jun 2010 at 3:36pm

Thanks for all of the information guys.

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nutmeg View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote nutmeg Quote  Post ReplyReply Direct Link To This Post Posted: 12 Feb 2010 at 12:12pm
One vest pocket dealer I know purchased 3 Capital Visitor's Center 2001W gold unc [not proofs] way back in the day from the mint.  What were they/  $259 or so each?   mintage 6,761
Anyway he got 'em slabbed and just sold the last one for $1,400 cash.
I looked at the Jamestown gold proof today and it was priced at $350 raw with box.
I purchased the silver dollar unc. when they came out and consicered the gold unc. I think it was something like $243. 
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jenkinscody21 Quote  Post ReplyReply Direct Link To This Post Posted: 12 Feb 2010 at 11:06am
Yes, you can get one certified for about 30$ I believe.  Which, in your case that may be worth the cash.  From what we are hearing, is that is easily going to become a 3000 dollar coin.  I know its kinda similar to the Library of Congress 1 ounce statistics.
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nutmeg View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote nutmeg Quote  Post ReplyReply Direct Link To This Post Posted: 12 Feb 2010 at 10:09am
You are correct Cody.  I bought raw direct from the mint for $1,289.  With cert. and book, and that warehouse of a box.  The coin is in a safe deposit box at the bank.  But the box it came in is up on my closet shelf.  Those hyped up boxes are selling for $50 or more empty.  I understand most UHR  slab MS69 or 70. And at least one third party gives a PL designation too.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jenkinscody21 Quote  Post ReplyReply Direct Link To This Post Posted: 12 Feb 2010 at 6:44am
Nutmeg,
 
We are selling that coin in a MS-70 for above 2000 right now.  They are very very hard to get your hands on.  You are talking about the 2009 UHR Double Eagle, correct?
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nutmeg View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote nutmeg Quote  Post ReplyReply Direct Link To This Post Posted: 11 Feb 2010 at 6:42pm
I know there is a lot of negative sentiment regarding modern mint issues.  Just wondering what you guys think of the 2009 UHR as an investment.  And did you buy one?
I got one when the pricing was at $1,289 even though it was a difficult decision.
I just read a mint blog today that reports the avg. ebay selling price for a raw UHR with box is $1,543.
So in the 4 months I have owned the coin there is a potential profit of $250.
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nutmeg View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote nutmeg Quote  Post ReplyReply Direct Link To This Post Posted: 11 Feb 2010 at 6:14pm
Very intelligent reading if I may say so.
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GForce View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote GForce Quote  Post ReplyReply Direct Link To This Post Posted: 09 Feb 2010 at 4:33pm
Jenkins,

Tangible assets should certainly be part of a diversified investment portfolio in this turbulent market.  Since last my posting (more than 3 years ago) we have seen a bear market in numismatics, but yet overall values for coins have held compared to where they were three years ago.  That's something which can't be said about equity markets.

I believe that cash can be an important asset during difficult times as it provides the flexibility to invest in equities or other assets whose prices are highly depressed.  Think of buying at the bottom, or close to it.

Many people I know believe that inflation will ultimately rear its ugly head, making gold an attractive investment.  However, inflation is relative.  Of late the dollar has staged a come back which makes gold cheaper.  As to "printing money,"our government has been doing it since it started running deficits 2001.  Most of it was printed by the previous administration, so there is plenty of blame to go around.

Regarding hordes of gold, they do exist and most are in Europe - gold coins were shipped overseas when Roosevelt (in 1933) required that everyone turn in gold coins, except those that had numismatic value.  Every month large slugs of those gold coins are shipped from Europe back to the US.  The majority are common date $20 Libs and St. Gaudens in low quality uncirculated or AU condition; only a few are investment grade.  So I wouldn't worry that the market will collapse due to undiscovered hordes as the market is already absorbing them. 

Although not impossible, I doubt the government will ever return us to the gold standard.  It's not something we would want.  You might consider reading The Ascent of Money by Niall Ferguson who cogently explains that it was dependence on gold and silver that constrained economic development for generations and the reasons why we have paper money, stocks and other forms of "money" today.

You are spot on that investments come with risks.  No one can predict the future. 
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corey790 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote corey790 Quote  Post ReplyReply Direct Link To This Post Posted: 09 Feb 2010 at 3:02pm
i agree with jenkins.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jenkinscody21 Quote  Post ReplyReply Direct Link To This Post Posted: 09 Feb 2010 at 2:42pm
GFORCE - I agree with what you are saying.  If done right, coins can turn out to be an investment.  Some things GDJMSP say are correct, and some I disagree with.  I cant see how someone would rather have money in the bank doing 1-2% maybe (while Obama is printing monopoly money) and the dollar is decreasing, than put it into a hard tangible assett.  One just must know exactly what to look for in this market, and that is population.  And pre-33 gold populations can be re-evaluated as well.  For all we know, some old guy could be hoarding thousands of ST Gaudens because he is weary the government will take them away and when he passes and his children cash them in, that could greatly effect that coin.  Also, there is a risk in ANY investment, so never once did anyone guarantee anything.  If someone ever does, walk away.  And yes there are pros and cons to any investment, but if a person can make money off of it, they tend to invest.  And coins can be that other avenue in a persons portfolio.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote petitioncrown Quote  Post ReplyReply Direct Link To This Post Posted: 04 Oct 2009 at 9:07am
great - never were true words spoken so clear. I promote Brittish Coins, I am not a dealer just an interested party to encourage the collecting of coins. www.petitioncrown.com is a non commercial site.
 
i write these these days covering the investment in coins as many buyers write asking what is the investment possibility as other financial tools have failed or failing.
 
great words u speak, keep spreading them
 
SwK


Edited by admin - 13 Feb 2010 at 9:12am
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